Finance
Growth Potential in New Construction for PACE Industry
With energy consumption, carbon emissions and climate change becoming more pressing issues, many panelists at PACENation Summit in Austin were optimistic about C-PACE’s future.
PACE Financing: Partnership With Public Sector Is Fundamental
The role of policy in the green energy finance strategy was a hot topic at the PACENation Summit in Austin last week.
Flag Luxury Lands Equity Partner for $508M NYC Project
EB5 Capital made a $125 million investment in the 250-key Ritz-Carlton development, which is currently under construction in Manhattan’s NoMad area.
Hidrock Secures $32M Refi for Manhattan Asset
The loft-style office building comprises 77,880 square feet and is located in the Midtown neighborhood. HFF placed the loan through Ladder Capital Finance.
Cayuga Capital Secures $22M for Brooklyn Retail Conversion
The landlord has already locked down a long-term tenant for the entire building—California-based Vital Climbing Gym will open its first East Coast location in April 2020.
JLL Secures $67M for Downtown Manhattan Mixed-Use
Developers East End Capital and K Property Group are moving forward with construction of the 63,000-square-foot office and retail property, with financing from Capital Source and Canyon Partners Real Estate.
Executive Q&A: Capital Structure Is King
Following his firm’s purchase of Central Park Capital Partners, Berkadia’s Ernest Katai offers insights on the competitive debt and equity markets and late-cycle activity.
Durst Org. Secures $120M Loan for NYC Office Condo
Acting as administrative agent, Capital One provided financing for the 150,000-square-foot space at 855 Avenue of the Americas.
JV Lands $165M Refi for Denver Mixed-Use Project
McWhinney, Grand American Inc. and Sage Hospitality are using the long-term debt arranged by HFF to refinance the construction loan for Dairy Block in the LoDo district.
Morningstar CMBS Outlook Suggests Soft-ish Landing
The ratings agency’s latest quarterly report cites multiple reasons why a CRE crash like the Great Recession’s does not seem to be in the cards.