Finance
Banyan Street, EII Realty Form New Investment Manager
The freshly minted vehicle, Banyan Street Real Estate Funds LLC, will focus on value-add and opportunistic strategies under the guidance of two former Ell Realty executives.
San Jose R&D Property Lands $46M Bridge Loan
Working on behalf of Vertical Ventures, NorthMarq’s San Francisco office secured the financing for Hellyer Oaks, a two-building asset totaling nearly 350,000 square feet.
HFF Arranges $5.8M Financing for FL Storage
SecYour Storage Property Group received the loan for the acquisition and repositioning of a 289-unit asset located in Melbourne, Fla.
Atlanta Hotel Lands $31M Refi
HFF arranged the loan for Sheraton Suites Galleria-Atlanta, which has undergone more than $11 million in upgrades since last purchased in 2013.
Bellwether Secures Acquisition Loan for 2 LA Assets
Working on behalf of a private family firm, the mortgage banking company closed $62 million in financing for two former industrial buildings redeveloped for office use.
Moinian Closes $595M Refi for Manhattan Asset
The developer secured a CMBS loan for 3 Columbus Circle, formerly known as the Newsweek Building and originally built as the General Motors Corp.’s headquarters.
EverWest Arranges $63M Refi for Dallas Office Complex
Together with Korea-based investment clients, the company closed on a five-year loan for Fortis Property Group’s refinancing of The Colonnade, a 1 million-square-foot trophy property in Addison, Texas.
Aztec Group Arranges $19M for Miramar Office Acquisition
Synovus Bank originated the five-year, fixed-rate loan on behalf of the new ownership, which plans to launch a rebranding and repositioning program at Miramar Financial Center.
TPG Real Estate Partners Closes $4B Fund
The company’s latest opportunity vehicle, TPG Real Estate Partners III, secured more than $3.7 billion in capital commitments and was oversubscribed.
Walker & Dunlop Arranges Loan for GA Office
Owner-borrowers Praelium Commercial Real Estate and South Street Partners have received $44.3 million in financing for a four-building campus in Marietta.