Finance
Swift Real Estate Lands $112M Refi for San Diego Campus
CBRE Capital Markets secured the floating-rate loan with Annaly Commercial Real Estate Group.
Hines JV Obtains $870M Loan for Boston Redevelopment Project
The developers are planning to convert the city’s historic South Station transit hub into a 1.9 million-square-foot commercial and residential project.
Clarion Partners Gets $40M for West Palm Beach Retail Asset
The BJ’s Wholesale Club-anchored, 232,727-square-foot shopping center was more than 95 percent leased at the time of the sale.
Bottleworks District Project Lands $59M Construction Loan
The $260 million project will include a hotel, retail and office space, apartment units and condos.
Akara Partners Lands $57M Refi for Chicago Hotel
The company will use the proceeds to refinance the construction loan on the extended-stay Home2Suites by Hilton downtown property.
Buchanan Street Secures Refi for Houston Office Asset
The loan will retire existing acquisition debt the firm took out in 2017.
Interest-Only Loans May Prove Risky―Eventually
How interest-only loans and other concessions could become weaknesses for commercial real estate when interest rates rise and property values decline.
Newmark Knight Frank Grows Philadelphia Finance Group
Jim Badolato, Steve Comly, Matt Cullison and Mike McKee joined the company’s debt and structured finance team.
Parkview Financial Backs Inland Empire Mixed-Use Project
Parkview Financial provided financing for the construction of nine buildings featuring retail and industrial space in Winchester, Calif.
Nightingale, Wafra Pay $175M for Wall Street Office Building
Newmark Knight Frank secured $145 million in financing for the acquisition of the 1.1 million-square-foot Manhattan property.