Finance
Houston Office Asset Lands $92M Refinancing
The note, secured by HFF and held by PGIM Real Estate, matures after three years and has a variable interest rate.
Madison International Secures Stake in Central Europe’s Tallest Office Tower
The company acquired a 50 percent interest in the iconic Warsaw Spire Tower from Ghelamco for $423 million.
ATCO Properties Forms JV for NC Adaptive Reuse
The company’s partnership with Shorenstein Properties paves the way for the transformation of historic buildings into office and retail space at the Camp North End development in Charlotte.
Sterling Bay Nails Down $181M Loan for Chicago Tower
The Class A office project continues the company’s streak of high-profile deals on the city’s Near West Side, including acquisitions, new developments and adaptive-reuse projects.
Midtown Miami Hotel Lands $21M Construction Loan
The 153-room hotel—expected to open in mid-2019—will be situated at the corner of Northeast 34st Street and Biscayne Boulevard, a few blocks away from the Shops at Midtown Miami.
Brick and Timber Acquires San Francisco Office Property
NKF Capital Markets arranged financing through PCCP on behalf of the buyer, and represented the seller, Triton International.
Recently Completed Dallas-Area Office Building Lands Refi
Billingsley Co. will use the 15-year refinancing loan, provided by Lincoln Financial Group and secured by HFF, to take out the construction loan.
$125M San Diego-Area MOB Changes Hands
Preston Hollow Capital was the sole investor in the financing, which will be used for both improvements and refinancing purposes.
Steam Realty Development Lands $11M Financing
The firm plans to build a nearly 300,000-square-foot Class A speculative industrial property approximately 20 miles southwest of central Atlanta.
Global Medical Buys $64M MOB Portfolio in Ohio
Marietta Memorial Hospital—a division of the Memorial Health System, a Fitch BB-rated health structure—currently leases four assets.