Finance
NYC Innovation Tower Reels In $749M for Redevelopment
A new advisory firm secured the loan for Milstein Properties’ transformation of a 35-year-old tower into the city’s first vertical innovation campus.
Unicorp Lands $21M Loan for Orlando-Area Retail Project
The developer obtained financing for the second phase of the 109,000-square-foot shopping center located just 4 miles from Walt Disney World.
Baltimore Tower Lands $185M Recap
Bridge Investment Group secured one of the largest loans in the market for the 28-story property in the city’s business district.
Aligned Energy Secures $495M Credit Facility
The data center provider intends to use the proceeds for further expansion and improvement of services on three existing facilities.
Kansas City Hotel Project Lands C-PACE Support
Upon completion in early 2021, the 153-key development will be the first Hyatt House in the metro.
South Florida Shopping Center Sells for $18M
The 262,632-square-foot retail asset is 8 miles southwest of downtown Palm Bay. Institutional Property Advisors represented the seller and procured the buyer in the deal.
Industrial Logistics Properties Scoops Up $350M in Financing
The fixed-rate mortgage is secured by 11 industrial properties totaling about 8 million square feet.
Suburban Portland Office Property Changes Hands
National Loan Acquisitions Co. paid $6.5 million for the Tigard property.
Portland Office Development Changes Hands
ACORE Capital provided the buyer of the 191,500-square-foot project with nearly $100 million in acquisition financing.
Bay Area AC Marriott Lands $43M Construction Loan
CBRE secured a non-recourse, floating-rate loan through ACORE Capital for the 140-key lodging project in San Rafael, Calif.