Finance
Brasa Capital Closes First Fund With $120M in Commitments
The investment vehicle, which is targeting middle-market opportunities mainly in the Southern California region, exceeded its fundraising goal by $20 million.
Magnolia Capital JV Buys Nashville Office Portfolio
The two Class B properties traded for $32 million. The buildings add up to more than 125,000 square feet and are located in the Brentwood submarket.
Bulls Outnumber Bears in CRE C-Suites
Though it acknowledges a wide variety of obstacles and headwinds, Akerman’s annual survey indicates a perhaps surprising degree of optimism among executives.
Fort Lauderdale-Area Mixed-Use Project Lands $121M in Financing
A private REIT is building a master-planned town center development in the heart of Plantation, at the site of a former fashion mall.
Eastdil Secured to Go Private in Management Buyout
The financial services firm will sell its majority stake to Eastdil Secured’s management in partnership with Temasek Holdings and Guggenheim Investments. The deal is expected to close later this year.
Global Holdings Lands $340M Refi for Manhattan Asset
The Crédit Agricole loan will be used to retire an existing $320 million financing from Bank of America, which was taken out four years prior.
Seattle Office Portfolio Receives $135M Refi
Located in the Belltown neighborhood, Martin Selig Real Estate’s Fourth & Battery, 333 Elliott West and Third & Battery total roughly 400,000 square feet.
South Florida Hotel Project Scores $72M Loan
Menin Development is building a 141-key hospitality property to be operated by Hilton in Delray Beach. Madison Realty Capital provided financing.
Capstone Partners Lands $155M for Seattle Office Project
One Esterra Park, a 245,000-square-foot Class A building, will be the latest piece of the company’s 3 million-square-foot Esterra Park mixed-use development in Redmond, Wash.
JV Obtains Mezzanine Loan for Brooklyn Project
Bluestone Group has provided $8 million in financing for the mixed-use property that Cornell Realty Management and LIVWRK are co-developing in Williamsburg.