Finance
Seattle Mixed-Use Project Moves Forward With $31M Loan
The eight-story building will consist of 71 residential units, 11,000 square feet of office space, ground-floor retail and one level of underground parking.
Redeveloped Brooklyn Asset Gets $15M Refi
Mission Capital originated the loan, which will contribute to the further enhancement of The Box Factory, a creative office and flex asset in the Bushwick neighborhood.
Hammes Partners Pays $409 Per SQFT for AZ Medical Building
Spectrum Medical Commons, developed by Irgens in 2017, is adjacent to Mercy Gilbert Medical Center. JLL brokered the $17.8 million transaction.
FL Mixed-Use Project Receives $36M Construction Loan
Ivory 214 will include roughly 11,000 square feet of retail, 34,000 square feet of office and a 100-key Tapestry Collection by Hilton hotel.
Levcor Refinances Houston Entertainment Center
JLL’s Capital Markets team secured the $68 million loan, which will recapitalize existing debt. LoanCore provided the non-recourse, floating-rate financing.
Greater Orlando Office Condos Land Financing
The borrower will use the $4.1 million loan to construct a 42,909 square-foot building in Hunter’s Creek. The development is slated for completion in the first quarter of 2020.
HFF Arranges Loan for Denver Office Asset Sale
The buyers plan to renovate the office property located in Denver’s Midtown West area. The eight-story building was home to the Downtown Woolworth’s store on the ground floor.
Boston Office Property Gets $112M in Financing
NB Development Group secured first mortgage financing for 80 Guest Street, a trophy office property and part of the Boston Landing mixed-use project.
CTP to Receive $2B for Czech Industrial Portfolio Refi
Czech developer CTP has reached an agreement with multiple lenders, marking the largest real estate transaction in Central and Eastern Europe this year.
Orgill to Build $68M Distribution Center in New York
Billed as the world’s largest hardlines distributor, the company plans to build its first facility in the Northeast in the upstate city of Rome.