Finance
MBA Predicts Originations to Hold at $530B
The Mortgage Bankers Association released its 2019 Economic Outlook & CREF Forecast in San Diego. Here’s what they forecast for lending volumes.
CPE Announces the 2018 Executives of the Year
Now in its 22nd year, the CPE Executive of the Year Awards program is adjudicated by a peer vote among leading executives from across the commercial real estate industry and based on accomplishments in the past year. Here’s what made the winners stand out.
Nashville Hotel Development Lands $29M Loan
Tharaldson Hospitality Management’s Staybridge Suites will include 163 guestrooms. The project kicked off last summer, following the demolition of a fire station.
Why Steady Interest Rates Won’t Save the Day
While the Fed takes a patient approach, what else could disrupt the capital markets in 2019? Aztec Group’s Charles Penan sheds light on potential pitfalls.
MN Retail Center Lands Financing
The borrower will use the three-year, floating-rate loan secured by HFF to redevelop the 137,000-square-foot retail center, which is anchored by Cub Foods.
Atlanta Hotel Receives $36M Refi
Knighthead Funding originated the loan for the refinancing of Kimpton Overland Hotel. Adjacent to Hartsfield-Jackson International Airport, the asset opened in 2017.
Largest New PACE Construction Project in Ohio Receives Funding
PACE Equity funded more than 22 percent of the capital stack of a highly-sustainable new Homewood Suites and Hilton Garden Inn in Easton Town Center.
$330M Atlanta Project Reaches Milestone
The Allen Morris Co. will get a key tax abatement from Fulton County for Star Metals Atlanta, a mixed-use project in the city’s West Midtown district.
Quinbrook Closes Financing on 300MW Ranchero Wind Project
Anticipated for commercial operation by the end of the year, the project has secured a 10-year Proxy Revenue Swap with Allianz Global & Specialty’s Alternative Risk Transfer.
Malkin Properties Gets $155M Loan for 2 CA Hotels
The projects in Oceanside will total more than 350 keys. Destination Hotels & Resorts will operate one of the assets, while Joie de Vivre will be in charge of the other.