Finance
San Diego MOB Lands $14M Loan
The four-story medical facility spreads across two acres and is situated approximately 10 miles from downtown.
JLL Co-Head Provides 2018 Capital Markets Update
Tom Melody, the firm’s real estate investment banking practice leader, highlights trends most likely to impact the industry in the coming months.
TriOut Advisory Snags $28M FL Office Asset
The three-story building comprises 186,309 square feet and is fully occupied by WiPro’s HealthPlan Services Inc. until 2022.
How Technology Is Changing the Small-Balance Business
Sabal Capital Partners’ Pat Jackson discusses the evolution of the small-balance lending market and what makes businesses in the field competitive.
Blackstone Sells NYC Office Tower for $640M
The company found a buyer for the 683,000-square-foot 5 Bryant Park in Midtown Manhattan with the assistance of JLL and HFF. JLL also arranged $463 million in acquisition financing.
Meridian Capital Lines Up $105M for SoCal Office Refi
An affiliate of J.H. Snyder Co. used the funds to refinance the 11-story SAG-AFTRA Plaza building along the Miracle Mile in Los Angeles.
Core Philly Asset Scores $13M Refi
The 24-story hotel and residential tower is situated in Center City. Meridian obtained the loan from a balance sheet lender.
Manhattan Office Tower Lands $100M Refi
Partners GFP Real Estate and Northwind Group secured the 10-year loan, provided by Capital One Bank, for a 300,000-square-foot property in the Financial District.
Boston-Area Flex/R&D Complex Lands $21M Loan
Parsons Commercial Group has acquired the 330,000-square-foot Chiswick Park, for $27.5 million. Berkadia secured acquisition financing for the five-building office and industrial ensemble.
JV Buys Warehouse, Plans Office Revamp in Richmond
The 35,985-square-foot industrial asset is located in the Scott’s Addition neighborhood. The new ownership intends to reposition the asset as a creative office property, with extensive remodeling work planned for the next six months.