Finance
Airport-Area Office Project Kicks Off in Dallas
Staubach Capital provided equity, while First United Bank originated debt financing for the two-building development, which is slated for completion in 2020.
Major Dallas Mixed-Use Secures $108M Financing
Scheduled for completion in November 2021, Weir’s Plaza is 65 percent preleased to major companies such as anchor tenant Kirkland & Ellis and coworking giant WeWork.
GA Shopping Center Trades for $24M
The 159,329-square-foot shopping center is currently fully leased, with T.J. Maxx, Hobby Lobby, Dick’s Sporting Goods, ULTA and PetSmart as anchors. Newmark Knight Frank represented the seller in the deal.
Boston Mixed-Use Lands $315M Construction Loan
Madison Realty Capital will provide the financing, while Cain International will contribute most of the equity for the $400 million Raffles Hotels & Resorts tower in the Back Bay neighborhood.
Life House Secures $100M in Equity Capital
The funding from Blue Flag Partners is expected to enable the lifestyle hotel brand and management company to substantially expand its portfolio.
Berkadia Arranges $50M Refi for New Orleans Tower
Working on behalf of Stirling Properties, owner of the 674,000-square-foot Pan American Life Center, the firm orchestrated a 10-year fixed-rate loan through Wells Fargo.
USAA Real Estate Secures $140M for DC Trophy Building
JLL Capital Markets facilitated the transaction for 700 Sixth St., a 300,000-square-foot office property in Washington, D.C.’s East End submarket.
Pine Gate Starts Work on 101MW Solar Project in SC
The development, which marks the company’s 13th project in the state, is spread across 651 acres, making it one of South Carolina’s largest solar sites.
San Francisco’s One Montgomery Terrace Sells for $82M
CBRE arranged the sale of the historic office building in the city’s North Financial District. The firm also secured $76.6 million in acquisition financing.
Longroad Energy Begins Construction on 243MW Wind Farm
El Campo is one of the largest investments ever made in Knox County, with the total cost of the project estimated at $335 million.