Finance
Orange County Developer Lands $110M for Retail Portfolio
The portfolio comprises 12 Class A retail properties located in Newport Beach, Laguna Beach, Yountville and Corona Del Mar.
Thor Equities Secures $92M Refi in Brooklyn
The property owner will use the mortgage to retire a $90 million prior debt on 180 Livingston St.
Columbia Investments Pays $135M for Ohio Mixed-Use
Citibank and Kawa provided part of the financing for the acquisition of Austin Landing.
Los Angeles Adaptive Reuse Scores $119M Loan
GPI Cos. will convert a former Macy’s store into creative Class A office space.
Trimont Global CEO: Commit to Disciplined Capital Allocations
Brian Ward discusses current risks in the lending environment and shares his views on effective management strategies at this late point in the economic cycle.
Blackstone Lines Up $140M Refi for Houston’s GreenStreet
The 617,000-square-foot property featuring office, retail and entertainment space is within walking distance of the George R. Brown Convention Center.
West Palm Beach Retail Asset Sells for $24M
Kohl’s and Dick’s Sporting Goods are the long-term anchor tenants of the 200,000-square-foot property.
CapRidge Sells Charlotte Office Property for $36M
Synovus Bank provided the buyer of the 173,000-square-foot asset with nearly $25 million in acquisition financing.
Las Vegas Office Building Trades for $19.5M
Pacific Oak SOR II sold the Class A asset acquired four years ago by KBS Realty Advisors for $13.4 million, according to Yardi Matrix data. Pacific Oak recently took over three REITs established by KBS.
CoreSite Boosts Borrowing Capacity to $1.2B
The multi-lender arrangement extends the data center REIT’s debt maturity profile and expands its credit facility.