Finance
First Washington Realty Receives $19M Loan for Bay Area Acquisition
JLL worked on behalf of the borrower to secure a 10-year, fixed-rate loan from PGIM Real Estate Finance.
Ace Hotel Downtown LA Sells for $117M
Park Hotels & Resorts sold the asset to pay down debt from its recent acquisition of Chesapeake Lodging Trust.
Solar Frontier Americas Secures Financing for Mustang Two Solar Project
The solar facility is currently under construction on a 1,400-acre site in Kings County, Calif., and is slated to begin commercial operation in 2020.
Newmark Knight Frank Secures $130M Loan for Fort Lauderdale Resort
A brokerage team secured the floating-rate financing for the 481-key property formerly known as The Yankee Clipper.
Gaw Capital Closes APAC Fund at $2.2B
Gateway Real Estate Fund VI is the largest raised by the investor since its founding in 2005.
Société Générale Enters Boston With $65M Refi Deal
JLL Capital Markets arranged the floating-rate loan for the owners of the 10-story office building at 101 Merrimac St.
Trammell Crow Breaks Ground in Scottsdale
With construction financing from Western Alliance Bank, Axis Raintree marks the first Class A office project to be constructed in the northern part of the city since 2015.
Vista Capital Arranges Financing for 2 Indiana Hotels
The fixed-rate loans were awarded to a European-based investment bank.
Paramount Closes $402M Financing for San Francisco Buy
The financing comes months after the firm announced it was acquiring the Market Center complex for $722 million.
JV Brings 149-Key Hotel to Utah
JLL arranged a three-year construction loan for the development of Cottonwood Courtyard in Cottonwood Heights, Utah.