Finance
Landes Group Refinances 26 CVS Stores Valued at $48M
Located in 11 states across the U.S., the assets total 312,000 square feet. Chemical Bank advised the buyer and developer of single-tenant retail assets.
Dallas-Area Storage Development Receives Financing
Central Southwest Texas Development received the $6.2 million loan for the construction of a 906-unit self storage facility in Sachse, Texas.
Inland Empire MOB Lands Refi
The new mortgage pays down a previous $2.5 million CMBS loan on the 30,192-square-foot Class B property in Bermuda Dunes, Calif.
Small-Balance Loan Strategies: 6 Questions with Sabal Capital’s Pat Jackson
Sabal Capital Partners CEO Pat Jackson sheds light on new options and the latest trends in small-balance lending. Also on Jackson’s radar: How the financing category can ease the affordable housing crisis.
Louisiana Mall Secures $33M Financing
Uber Capital Group originated the 15-year loan for Namdar Realty Group. Macy’s, Dillard’s and JCPenney anchor the roughly 1.6 million-square-foot asset in Lafayette.
SunCap Trades South FL Industrial Asset
The nearly 60,000-square-foot warehouse and distribution center is fully occupied by a single, long-term tenant under a lease expiring in 2028.
CapRidge Buys Charlotte Office Property for $39M
The two buildings total more than 180,000 square feet of Class B space in the Southpark submarket. BBVA Compass Bank provided nearly $29 million in acquisition financing.
Historic Charlotte Office Asset Trades for $35M
Spaulding & Slye Investments acquired the 172,382-square-foot Class B office tower. Pacific Coast Capital Partners provided nearly $34 million in financing.
JV Picks Up Raleigh-Area Office Park
Pinnacle Financial Partners provided financing for the acquisition of the two-building portfolio in Cary, N.C. Avison Young will lead the leasing efforts.
Lightstone Lands $70M in EB-5 Funding for Manhattan Hotel
On track for a September opening, the property is the third Moxy-brand hotel in Manhattan developed by Lightstone in partnership with Marriott.