Finance
Blackstone to Become a Corporation
The world’s biggest landlord, with $136 billion of real estate assets under management, will switch its status from a publicly traded partnership to a corporation, opening its stock to more investors.
Austin Office Project Lands $123M Construction Loan
HFF has arranged the financing for Stream Realty Partners’ 15-story RiverSouth development, just south of the city’s central business district.
Newmark Knight Frank Arranges Refi for Miami Office
Jordan Roeschlaub, Dustin Stolly, Chris Kramer and Josh Egert facilitated the $31 million recapitalization of a 1958-built, 142,000-square-foot property in the city’s central business district.
City Ventures Buys 147 KSF Office Campus in KC
The company purchased Park Central Plaza in the city’s Country Club Plaza submarket using a $24 million loan from JPMorgan Chase.
MRP Realty Recapitalizes Downtown Philadelphia Portfolio
The company has partnered with Goldman Sachs to refinance a collection of three office buildings and a large parking garage.
Pier 57 Owners Obtain $375M Refi
RXR and Youngwoo are the recipients of the refinancing package, as they move to complete the renovation of the Manhattan property, with Google as their prime tenant.
Landmark Indiana Plant Closes $260M Financing
Brightmark Energy’s facility in Ashley, Ind., will hold the distinction of being the first plastics-to-fuel plant in the U.S.
MA Includes Battery Storage in Statewide Energy Efficiency Plan
The three-year plan is estimated to drive the installation of 30 to 34 megawatts of behind-the-meter battery storage in the state.
New York Life REI Provides $915M for Industrial Portfolios
Singapore-based Mapletree Investments’ 17.2 million-square-foot collection of assets, consisting of 100 buildings across the U.S., served as collateral for the fixed-rate financing.
Meridian Capital Arranges $100M Refi for Manhattan Office
Princeton International Properties owns the 25-story building in the borough’s Financial District. The property includes more than 18,000 square feet of retail space.