Finance
Talonvest Secures $27M to Finance 3 Acquisitions
The company secured three separate bridge/acquisition loans for two Chicago facilities and a three-property portfolio in Western Michigan on behalf of Devon Self Storage.
NY Health Care Center Receives $24M Financing
Greystone provided the HUD-insured loan for The Willows at Ramapo Rehabilitation and Nursing Center, the largest subacute community in Rockland County.
Mid-Rise LA Office Building Changes Hands
Curo Enterprises sold a 74,000-square-foot office property in North Hollywood, Calif., to Swift Real Estate Partners. The transaction was subject to an $18.8 million acquisition loan.
Aon Acquires The Townsend Group
With this purchase, the company’s investment organization now manages more than $130 billion of worldwide assets. Morgan Stanley & Co. served as the seller’s financial advisor.
HFF Closes Financing for 7-Building Denver Industrial Park
The company placed a $11.2 million acquisition loan on behalf of the borrower, The Bendetti Co. The property is situated 23 miles from Denver International Airport.
Manhattan’s New Mondrian Hotel Gets Refi
An HFF team arranged the floating-rate loan with JPMorgan Chase Bank, N.A., on behalf of Moin Development Corp., sponsor of the 190-key luxury property. Proceeds were used to refinance the construction loan.
Real Estate Financing: What to Expect in 2018
Essex Realty Group’s Douglas Fisher summarizes the evolution of the real estate market in 2017 and sets the direction for the coming year.
NYC Mixed-Use Development Secures $190M Loan
Trinity Place Holdings has begun construction on 77 Greenwich St., which will include luxury condos and a long-awaited public school for Lower Manhattan.
PA Casino Resort Commands $281M
Boyd Gaming acquired Valley Forge Casino Resort, a 40,000-square-foot casino in King of Prussia. The resort includes 500 hotel rooms, eight restaurants and bars, and more than 100,000 square feet of meeting, convention and exhibit space.
Blackstone Closes $1B CLO
The CRE collateralized loan obligation, which diversifies the company’s funding sources, is the largest of its kind since the financial crisis.