Finance
HREC Closes Savannah Hotel Sale
The 156-key Fairfield Inn & Suites Savannah Midtown changed hands for $23 million.
Simon Property Boosts Credit Revolver to $6B
The company’s move comes in the context of a very active first quarter for both acquisitions and development.
CIT Bank, BlackRock Originate $163M Loan Package for Industrial Portfolio
The Arden Group used the financing to assemble a 2.1 million-square-foot, 12-property portfolio across multiple states.
Fed Slashes Rates Again as Coronavirus Pressure Mounts
The central bank is set to keep rates close to zero until the economy shakes off the effects of the outbreak.
Miami Self Storage Portfolio Commands $44M Refi
Värde Partners provided the note for the three facilities, while Newmark Knight Frank represented the borrower.
Oaktree Capital JV Secures $256M Refi for Chicago Tower
JLL Capital Markets has arranged the loan for the iconic two-building property situated at the doorstep of the city’s LaSalle Street Corridor.
Talonvest Secures $22M for California Self Storage Facilities
The two StorQuest properties encompass a total of 1,335 units in the Inland Empire.
Policy Remedies for Coronavirus Appear Imminent
The impact on the commercial real estate market no longer seems limited to a handful of segments, such as hotels or industrial parks.
Graves Hospitality Obtains $12M Refi for Uptown Minneapolis Hotel
The 125-key Marriott-branded property is the first ground-up, purpose-built Moxy hotel in the Americas.
MDH Partners Lands $84M Bridge Loan for Major Acquisition
The company is using the financing to buy a portfolio of 16 industrial properties across five states.