Finance
CBRE Brokers San Diego Industrial Asset Sale
Senior Vice President Bill Dolan and Vice President Ryan Sparks represented the buyer in the $3.6 million deal.
Vornado JV Closes $800M Refi for Madison Avenue Tower
The new fixed-rate loan on the 600,000-square-foot Manhattan office building has a substantially lower interest rate and matures nearly 10 years later than the loan it replaces.
Mixed-Use Los Angeles Project Lands $52M Loan
The office and retail development will be located in a downtown L.A. Opportunity Zone near a $488 million infrastructure upgrade.
South Florida Office Campus Sells for $33M
The park has two buildings totaling more than 110,000 square feet and is fully leased to two long-term tenants.
World’s Biggest Banks’ Uneven Ways in Project Financing
Between 2016 and 2018, 33 large U.S. and European banks provided more than $1.9 trillion to fossil fuel companies. Yet at least two leading lenders will stop funding such projects after 2019.
West Palm Beach Shopping Center Sells for $20M
JLL represented Trinity Place Holdings in its disposition of The Shoppes of Forest Hill, a 112,364-square-foot retail property anchored by Walmart.
Paramount Group Closes $1.3B Manhattan Refi
New financing for the 49-year-old trophy tower in the Times Square submarket was arranged by Eastdil Secured.
Angelo Gordon JV Sells Tampa Office Portfolio for $157M
The five-building collection includes WeWork Place, a 19-story tower that occupies an entire city block.
Connecticut Transit-Oriented Campus Lands $150M Refi
The developer will use financing from PGIM for property renovations, as well as for the development of a $45 million mixed-use transit center in Greenwich.
CIP Real Estate Lands $59M Refi for Inland Empire Portfolio
JLL arranged the seven-year, fixed-rate loan as part of the recapitalization of the 610,000-square-foot group of three industrial/office business parks.