Finance
5 Questions Every Property Owner Should Ask This Tax Season
Two specialists from Anchin, Block & Anchin offer guidance on navigating the complex new rules created by the Tax Cuts and Jobs Act.
Top Concern for CRE Execs: Interest Rates
Executives also worry that a recession may be on the way, according to Seyfarth Shaw’s fourth annual Real Estate Market Sentiment Survey.
NorCal Hilton Hotel Sells for $50M
Ashford Hospitality Trust is the new owner of the 178-key property in Santa Cruz. Acquisition financing included a non-recourse mortgage loan of roughly $25.3 million.
FRP Acquires Baltimore-Area Industrial Park
The company intends to perform capital improvements on the 270,000-square-foot Cranberry Run Business Park in Aberdeen, Md. The $6.3 million purchase is part of the firm’s new development strategy.
FD Stonewater Buys Nashville Office Asset
The Class B building traded for $17 million. The fully leased property last changed hands in 2014, for $16.5 million.
From Tenant to Owner: Making the Switch
How the proprietors of a popular San Francisco restaurant found financing to buy a mixed-use building through a federal loan program.
Somera Capital Management Gets $27M Refi for CA Hotel
Sonnenblick-Eichner arranged the refinancing of the construction loan for the Inn at the Pier, a 104-key hotel located in Pismo Beach, Calif.
Ivy Realty Obtains $41M for NJ Portfolio Purchase
Cushman & Wakefield has arranged the financing, which will also help the borrower rebrand the value-add collection of seven industrial assets.
Top Loans That Matured in Houston in 2018
According to Yardi Matrix, almost $720.4 million in financing reached maturity last year, making way for recapitalization opportunities worth keeping a close eye on this year.
Dual-Branded Marriott in Orlando Lands $42M Loan
Meridian Capital Group has arranged the construction financing for the property, which will include a 140-key Aloft Hotel and a 144-key Element. The funding package includes EB-5 capital.