Finance
RXR Realty Lands $182M Refi for NYC Asset
The 665,000-square-foot office property, 470 Vanderbilt, is located in the Clinton Hill neighborhood of Brooklyn. Meridian Capital Group arranged the financing.
New York Life REI Originates $94M for Bay Area Office Asset
The 20-year mortgage will be used to finance the redevelopment of Westlake Realty Group’s nine-story, 118,000-square-foot headquarters in San Mateo.
TerraCap Management Expands DFW Presence
Griffin Partners worked with CBRE to sell the roughly 368,000-square-foot, Class A Preston Park Financial Center in Plano, after more than a decade of ownership.
OC Shopping Center Lands $101M in Financing
George Smith Partners facilitated the non-recourse bridge debt for DJM Capital Partners, with the package replacing existing senior and mezzanine loans.
Full Speed Ahead for Amazon HQ2 in Northern Virginia
JBG SMITH’s development in Arlington has reached a major milestone by receiving approval of all government incentives and investment packages negotiated for the project.
BioMed Realty Buys $135M Bay Area Office Property
The company purchased the 250,000-square-foot Emeryville Center for Innovation in a sale-leaseback transaction. The deal also includes adjacent developable land parcels.
Talonvest Arranges $24M Loan
Working on behalf of Leon Capital Group, the firm has negotiated the financing for the development of two storage facilities in the Pacific Northwest.
Manhattan Spec Office Gets $40M Construction Loan
HFF arranged the financing for the 10-story, 34,364-square-foot building. Construction is set to begin next month and the property is slated for completion in 2020.
Manhattan Luxury Hotel Gets $31M Refi
Madison Realty Capital originated the loan for the 81-key GEM Hotel in Chelsea. The sponsor acquired the property, which previously served as a residential building, in 2007.
Amerant Bank Provides $10M Refi for FL Shopping Center
Aztec Group arranged the fixed-rate loan on behalf of General Real Estate Corp. The owner recently wrapped up a comprehensive renovation program on the property.