Finance
CIM Group Buys Denver Office Complex
The purchase of the LoDo Towers is the company’s first deal in downtown Denver, but it has been working on a large redevelopment project a few miles away.
The Unique Challenges of EB-5 Defaults
While the program has been a valuable financing tool for the real estate industry, it has also attracted poorly conceived projects and abuses. Avison Young Principal Jay Maddox offers insight on what to do when things go wrong.
NYU’s Sam Chandan on the Changing Real Estate Capital Markets
The associate dean of the NYU Schack Institute of Real Estate discusses how economic and policy changes are impacting the real estate capital markets, the potential for a next recession and the risks investors should consider going forward.
GSP Arranges Acquisition Loan for Silicon Valley Office Property
Working on behalf of Vahe Tashjian of Dutchints Development, the firm secured financing for 24 months at an 85 percent loan-to-purchase price.
CBRE Hotels Taps New SVP
Cara Leonard will coordinate with existing team members in arranging financing for large institutional and middle market hotels and resorts.
Houston-Area Retail Center Lands $7M Refi
JLL Capital Markets arranged the fixed-rate non-recourse loan for The Shops at Spring Village in Spring, Texas, on behalf of Capital Retail Properties.
Coachella Hotel Receives $8M Funding
The financing represents 15 percent of the total $51 million development cost for IHG-Hotel Indigo. Pace Equity secured the loan in partnership with Renew Financial.
NorthMarq Arranges $157M Loan for Bay Area Office Project
Borrowers Bohannon Development Co. and Alexandria Real Estate Equities will use the financing to develop the 521,000-square-foot Phase II of Menlo Gateway, which will be occupied by Facebook.
NY Storage Facilities Receive $36M Refi
The two properties, located in Queens and Yonkers, received a combined $36 million loan. Progress Capital secured the financing on behalf of Storage Fox Inc.
Hines JV Refinances Orange County Office Campus
The $144 million financing package will be used to retire existing debt and fund leasing efforts for the 452,203-square-foot Class A office asset.