Finance
HFF Arranges $10M Financing for NJ Storage Development
The company has secured the loan through the Bank of New Jersey for the construction of a 925-unit self-storage facility located in Nutley, N.J.
Stability Encumbers CMBS Market
Forged out of crisis and sharpened during a cycle of frenetic activity, the CMBS market is struggling to adjust to a period of relative calm, observes Yardi Matrix Associate Director of Research Paul Fiorilla.
Westwood Financial Acquires AZ, GA Retail Centers
In a deal totaling $66.2 million, the company bought Boardwalk at Andersen Springs in Chandler, Ariz., and Decatur Crossing in Decatur, Ga. HFF arranged the financing for both purchases.
UBS Trades DC Office Asset for $54M
Representing the property owner, HFF secured a buyer for the 110,000-square-foot building and orchestrated acquisition financing on behalf of the investor.
Kennedy Wilson Snags 292 KSF Seattle Business Campus
CBRE Capital Markets arranged $34.5 million acquisition financing on behalf of the buyer, for its acquisition of the eight building Redmond East Business Campus in Redmond.
Long Island Office Asset Lands $17M Financing
The building comprises nearly 120,000 square feet and underwent an adaptive reuse conversion from data center to office in 2006.
Insurance Broker Selection vs. Competition: What’s Best?
Choosing an insurance broker is a critical part of risk management, yet the system is structured in a way that limits competition. An industry veteran offers tips on navigating the challenging process and finding the right broker for your company.
Abrams Realty Snags $55M PA Retail Power Center
HFF marketed the property on behalf of Urban Edge Properties and arranged a $50.4 million floating-rate acquisition loan for the buyer.
Silicon Valley Office Campus Lands $71M Refi
CBRE has arranged the financing on behalf of Rockwood Capital and Four Corners Properties, the owners of The Junction at Montague, a four-building, 262,110-square-foot property in San Jose, Calif.
Orlando Hotel Lands $22M Construction Loan
Located on Westbrook Boulevard, the eight-story, 259-key hotel is planned to be the largest Tru by Hilton in the U.S.