Finance
How Sears’ Bankruptcy Filing Will Influence Retail
While some malls may be hit hard, others will look to redevelop the anchor spaces with different uses, such as apartments, hotels, restaurants, offices and entertainment offerings.
Uptown Charlotte Office Building Receives $59M Refi
An HFF debt placement team represented the borrower in securing the four-year, floating-rate loan. PCCP provided the financing for 300 South Brevard.
Greysteel Arranges Financing of Houston Storage Facility
The company’s Dallas office secured the non-recourse bridge loan for a 463-unit facility, which Extra Space Storage will manage.
DC Retail Center Lands $61M Financing
Walker & Dunlop arranged the loan for The Shops at Dakota Crossing, a 140,000-square-foot retail center. This will replace the existing construction capital stack with a stretch senior bridge loan.
NYC Office High-Rise Lands $250M Refi
Normandy Real Estate Partners, Meadow Partners and AM Property Holding Corp. used the proceeds to refinance the 610,000-square-foot property at 80-90 Maiden Lane.
HFF Arranges $110M for Denver Mixed-Use Project
Continuum Partners will use the loan to retire the existing construction financing. A Block consists of roughly 55,000 square feet of office, plus a 200-key hotel and ground-level retail space.
Manhattan Office Project Lands $187M Construction Financing
The developers, a joint venture comprising Normandy Real Estate Partners and Columbia Property Trust, will use the loan for the construction of a $300 million project in Midtown South.
Marcus & Millichap Sells Indianapolis Retail Development
The property is part of The Village at Eagle Creek shopping center and was put under contract before it was completed earlier this year.
Berkadia Arranges $56M for IL Mixed-Use Development
The firm’s Hotels & Hospitality group represented Marquette Cos. The refinancing comes as the construction of the Water Street District project nears completion.
Meridian Capital Secures $40M Refi in Manhattan
The owner, Moinian Group, is set to redevelop three vacant buildings in the Financial District, on a site with more than 250,000 square feet of development rights.