Finance
Miami Mixed-Use Complex Gets $53M Loan
Guggenheim Partners provided the permanent mortgage financing for the Coconut Grove asset. Whalou Properties purchased the office and retail development spanning more than 281,000 square feet in 2010.
Small Business Administration Loans: New Challenges and Changes
TMC Financing CEO Barbara Morrison on recent changes to the Small Business Administration’s 504 and 7a loan programs and what they mean for emerging real estate companies.
HFF Secures $17M Refi for Sacramento Facility
The Bendetti Co. received the loan for a 302,400-square-foot industrial asset located in West Sacramento, an emerging industrial market.
HFF Arranges Refi for NC Storage Facility
The firm’s debt placement team arranged the loan on behalf of Madison Capital Group, to refinance a 719-unit property located in Wilmington N.C.
CMBS Market Update
Commercial mortgage-backed securities origination has declined significantly in early 2019, though the falloff in volume this year may yet turn out to be more modest than the 10 percent initially projected. Read our latest CMBS Update.
Bay Area Project Lands $515M in Financing
The U.S. arm of China’s Genzon Investment Group is developing the more than 800,000-square-foot office campus in Burlingame, Calif., which will be occupied by Facebook’s virtual reality firm Oculus. A Cushman & Wakefield team secured the financing package.
Transactions: May 2019
A selection of noteworthy deals announced between 28 March – 18 April 2019.
Four Seasons Nashville Lands $360M in Financing
HFF orchestrated the debt and equity package for The Congress Group and AECOM Capital’s development of the 232-key hotel and residential project.
TIG Raises $200M for New Fund
The firm raised $200 million to start its TSP Value and Income Fund II, which is targeting a net IRR of 12.5 percent or higher.
PCCP Provides $103M Loan for Silicon Valley Office Project
Renault & Handley Mid-Peninsula Joint Venture is building 600 Clyde Ave., a 190,000-square-foot development in Mountain View, Calif., which will be occupied in its entirety by Google.