Finance
The Debt, the Deficit and Commercial Real Estate
Concerns about the federal debt are taking a back seat in the COVID-19 crisis. Paul Fiorilla of Yardi Matrix offers a deep dive into the implications for commercial real estate finance.
LaSalle Investment Closes $681M China Logistics Fund
The closing marks the company’s first logistics vehicle in China.
Realterm Closes $109M European Logistics Fund
The Realterm Europe Logistics Fund, the firm’s first value-add fund in Europe, has acquired a 107,600-square-foot logistics facility in Brussels, Belgium.
Talonvest Arranges $56M in Loans for Self Storage Assets
The company brokered funds for 1784 Capital Holdings, Strategic Storage Trust IV and The William Warren Group.
Blackstone Closes $10.7B European Fund
The total capital commitment for Blackstone Real Estate Partners Europe VI marks the largest-ever dedicated European real estate fund.
Tallying Up the Difference in New York
Following the Fed’s two emergency rate cuts, mortgage originations spiked. However, the impacts of the coronavirus pandemic have begun to manifest in other ways.
Major Manhattan Trophy Asset Lands Financing
Morgan Stanley and New York Community Bank provided the new loan for RXR Realty’s property, adding to $810 million in existing debt.
Cypress Equities Obtains $90M to Expand Retail Center
The company will use the construction loan to complete the 157,000-square-foot second phase of a Walmart-anchored shopping center in Linden, N.J.
Nashville Office Project Lands $141M Construction Loan
Mack Real Estate Credit Strategies provided the financing on behalf of GBT Realty Corp. and its joint venture partner.
Mapletree Investments Raises $1.8B in Equity for Latest Fund
The MUSEL Private Trust is the first U.S.-European logistics fund for the Singaporean investor and developer.