Finance
HFF Arranges Financing for CO Office Asset
The six-story, Class A office building, which was built in 1998 and renovated in 2017, was 94 percent occupied at the time of the sale.
Boston-Area Arsenal Yards Development Receives $109M
The project will bring more than 1 million square feet of mixed-use space to Watertown, Mass. The first phase is currently underway, with completion slated for 2019.
Greysteel Secures Acquisition Financing in Texas
The company worked on behalf of the borrower to finance the acquisition of a 480-unit self-storage facility located in Garland, Texas, roughly 15 miles from downtown Dallas.
Unicorp Lands Refi for Orlando-Area Development
The initial phase of the firm’s mixed-use project in Lake Mary, Fla., contains more than 50,000 square feet of retail.
Wells Fargo Grants $103M Financing for Miami TOD
Florida East Coast Industries secured the construction loan for two buildings totaling more than 300,000 square feet, part of the MiamiCentral project.
Marx Development Gets $88M in Financing for Hudson Yards Hotel
Meridian Capital Group secured the 24-month term loan from Mack Real Estate Credit Strategies. The developer plans a 42-story, Marriott-branded property across from the Javits Center on Manhattan’s Far West Side.
Suburban Chicago Office Towers Land $60M Refi
Zeller Realty Group received the financing for two seven-story buildings totaling 350,000 square feet in the North Shore submarket. HFF arranged the loan through Ares Commercial Real Estate Corp.
WPB Marriott Receives $42M Construction Loan
Concord Hospitality Enterprises Co. intends to build a 208-key luxury hotel until the fall of 2019. Aztec Group originated the loan on behalf of the operator.
Stockbridge Lands $47M Loan for FL Office
Earlier in January, the owner paid $41.1 million to acquire the 24-story tower and a connected two-story building in Fort Lauderdale’s central business district from U.S. Bank.
Robertson Properties Grabs LA Retail Financing
The owner landed $21 million for the building comprising more than 50,000 square feet, which is fully leased to Ralphs grocery store.