Finance
Transactions: December 2018
The following is a list of transactions that were announced over the month of October, 2018.
Berkadia Secures $112M Loan for DC Portfolio
The company arranged construction financing for developer Foulger-Pratt for a self storage property in the NoMa neighborhood and a mixed-use development near Capitol Hill.
Vornado Realty Trust Refinances NYC Retail Property
The financing replaces an existing $205 million loan on a 78,000-square-foot Manhattan building occupied in its entirety by Old Navy.
Don’t Rush to Opportunity Zones
Leaders in the real estate and finance sectors advised those looking to take part in the federal program to proceed with caution.
Where Are Transactions Moderating?
Supply has remained in check throughout the recovery, and overall fundamentals remain steady, although slowing deal flow may persist for some property types, according to Yardi Matrix’s Chris Nebenzahl.
Endurance, Blue Vista Break Ground on PA Distribution Center
Construction has begun on the 125,125-square-foot build-to-suit facility, which is located off Interstate 81 in Northeast Pennsylvania and scheduled for delivery in the third quarter of 2019.
Navigating Construction Loans, Part 3
In the final installment of this series, Avison Young Principal Jay Maddox addresses some of the challenges unique to the financing mechanism.
Houston Office Tower Gets $147M Loan
Natixis originated the floating-rate loan for the refinancing of San Felipe Plaza, a Class A asset in the Galleria/Uptown submarket.
Mission Capital Arranges $13M Loan for Chicago Retail Asset
The owner, an affiliate of the Sterling Organization, will use the financing to recapitalize the vacant property, which is part of the Magnificent Mile.
MCR, BLT Close $648M Hotel Portfolio Financing
A Bank of America-led consortium provided the funding, which is secured by a 53-property, 5,958-key collection of lodging properties operating under the Marriott and Hilton brands.