Finance
Best Strategies for Landing the Perfect Anchor Retail Tenant
There are many areas to consider when strategizing which anchor tenant is the best fit for a new project. Eric Jordan, vice president of fund development at Calmwater Capital, outlines a few.
The Big Policy Shift: Gauging the Impact
How will changes in taxation, regulation and other areas affect the job market and real estate’s prospects over the next few years? Here’s what to look for.
Transactions: June 2018
The following is a list of transactions that were announced between April 5 and May 2, 2018.
CLG Hedge Fund Originates $105M Construction Loan for TX Hotel
The Sam Moon Group broke ground on the Hyatt Regency Stonebriar, an 18-story, 303-key hotel that will be built on to the Stonebriar Center mall and feature a conference center and public library.
Technology Promises to Simplify CRE Finance
Commercial real estate players looking for a smoother transaction process and wider investor base are pursuing blockchain and cryptocurrency as potential solutions.
Retail Properties of America Sells Last Office Asset
Schaumburg Towers in Schaumburg, Ill. comprises 895,400 square feet across 20 floors and sold for $86.6 million, a $51.4 million difference since the company purchased the campus in 2004.
Meridian Arranges $240M Loan for NYC Office Tower
The Hakimian Organization will utilize the proceeds to refinance 636 11th Ave., a 560,000-square-foot property fully leased to advertising and public relations firm Ogilvy & Mather.
Citizens Bank Provides $185M Loan for SF Office Tower
Phase 3 Real Estate utilized the funds to refinance Genesis South Tower, a 336,400-square-foot lab and office property located within a three-building life sciences development.
Aztec Group Arranges $6M Financing
The company secured a seven-year fixed rate loan through BankUnited, on behalf of Reo Center Tampa LLC, for the acquisition of the Westshore Center office building in Tampa.
Miami Shopping Center Lands $10M Refi
CBRE arranged the 20-year term loan for Bird Square Plaza, an 89,582-square-foot property anchored by Latin grocer Fresco y Más.