Finance
Penwood Nabs Financing for NJ Industrial Project
The company’s new ground-up development will include some 290,000 square feet of warehouse space located near both New York and the Port of Newark-Elizabeth.
Cousins Sells Orlando Portfolio for $24M
CBRE brokered the sale and arranged $18.3 million in acquisition financing on behalf of buyer-borrower Realty Capital Commercial Real Estate Advisors.
Abbey Nails Down $229M Bridge Funding on Retail Portfolio
Represented by law firm Sklar Kirsh, the company recapitalized a 27-property portfolio in California. The assets total 2.1 million square feet of space scattered across Los Angeles, Orange, Riverside, San Bernardino, Fresno and Kern counties.
Etkin Johnson Secures $75M Refi Loan for CO Portfolio
HFF arranged the 10-year, sub-4 percent fixed-rate loan with MetLife to refinance five properties in the Colorado Technology Center.
LA Office Building Commands $196M
NKF Capital Markets represented Lincoln Property Co. in the sale of Wedbush Center, a 21-story tower at 1000 Wilshire in the city’s downtown.
Slowing Ahead
In this month’s Economist’s View, Hugh Kelly explains why you should prepare for a recession that’s likely coming in 2019.
CMBS’s Coming Headwinds
The CMBS market is well positioned for another stable year, but at this late stage in the current cycle, the market faces a number of challenges.
Transactions: March 2018
The following is a list of transactions that were announced between December 2017 and Feb. 21, 2018.
Continental Partners Secures Financing for Chicago Industrial Asset
The buyer plans to reposition the Hudson Motor Building into a Class A, mixed-use property which is expected to include retail and office space.
JV Lands Equity, Construction Financing for FL Retail Project
O’Connor Capital Partners and LaSalle Investment Management, with help from HFF, secured the financing for Vineland Pointe, a 470,000-square-foot retail destination in Orlando.