Finance
NY Office Complex Lands $120M Financing
Ginsburg Development Cos. and Robert Martin Co. will use the Bridge Investment Group-funded loan to pay for their acquisition and redevelopment of the existing buildings into a mixed-use development.
L+R Enters U.S. Hotel Market
The company purchased the 283-key Hotel MdR—a DoubleTree by Hilton Hotel in West Los Angeles, which underwent extensive renovations and a repositioning in 2014.
C-PACE Turns Boulder Business Energy Efficient
The measures designed and implemented by Energesco Solutions for marketing agency Room 214 will generate annual savings of more than $39,000 and reduce the facility’s gas emissions by 1,869 metric tons per year.
Scottsdale Plaza Resort in AZ Receives $64M Refinancing
The property’s owners will use the proceeds to retire an existing $57.2 million CMBS loan from JPMorgan Chase, which they secured in 2006.
NJ Industrial Facility Lands $37M Loan
HFF arranged the 15-year, fixed-rate loan with Allianz Real Estate of America, working on behalf of Bhasin Properties. The asset is situated in Secaucus and comprises 240,317 square feet.
JV Secures Financing for Creative Office Conversion in Austin
EverWest Real Estate Investors and WHI Real Estate Partners are converting a 81,711-square-foot warehouse property in East Austin into a creative office project named UpCycle.
CBRE Arranges $33M in Financing for Hyatt Hotel
Phoenix Development Partners used the loan to acquire and renovate the 301-key property located in Deerfield, Ill., off the interchange between interstates 94 and 294.
The Impact of Tax Reform
Dr. Peter Linneman examines the biggest effects the Tax Cuts and Jobs Act will have on the commercial real estate industry.
Transactions: May 2018
The following is a list of transactions that were announced between March 7 and March 26, 2018.
The Accelerated Growth of Private Debt Funds
Debt funds are filling the gap left by banks and other regulation-constrained lenders. As dry powder stacks up in a mature cycle, where will fund sponsors place their capital?