Finance
PCCP Provides $22M to Recap Charlotte Hotel
The real estate finance and investment management firm acted on behalf of Lowe Enterprises Investors to arrange the loan for 175-key Aloft Charlotte Uptown.
WPT Capital Obtains $29M for ATL Distribution Facility
The 781,440-square-foot facility is located within Cobb County’s Six Flags Opportunity Zone, where companies are eligible for job tax credits of up to $3,500 per job created.
HSF Closes $17M Construction Loan for SC Hotel
The 126-key Cambria Suites in Charleston has recently broken ground. A joint venture between RREAF Holdings and Upland Lodging is sponsoring the project.
RCG Ventures Nabs 471 KSF Idaho Retail Center
Nampa Gateway Center is situated on 78.8 acres along Interstate 84 at Garrity Boulevard, with a traffic count of roughly 112,600 vehicles per day.
NCC Closes $33M Sale of Sacramento Retail Center
With a 98 percent occupancy rate, Laguna Village Investors LLC bought the 15-acre asset anchored by Regal Cinemas and 24 Hour Fitness.
San Jose Office Tower Lands $200M
NKF Capital Markets arranged the acquisition financing on behalf of Lane Partners for HQ@first, a 603,666-square-foot, three-property creative office tower.
EPP Invests $818M in Polish Shopping Center Portfolio
The M1 portfolio encompasses 12 retail assets totaling 4.8 million square feet across 620 stores. The properties are all single level, fully-leased and grocery-anchored.
Abundant Cheap Debt Drives Recaps
Kennedy Wilson Brokerage Group Executive Vice President Fred Córdova explains why potential tax reform is increasingly leading real estate borrowers to turn to recapitalization, across the product spectrum.
NJ Office Asset Lands $66M
Cushman & Wakefield negotiated the terms of the 10-year, fixed-rate financing provided by Morgan Stanley Bank N.A. One Newark Center is a Class A, 423,028-square-foot office building in Newark’s CBD.
Innovative Industrial to Purchase 350 KSF Medical-Use Cannabis Facility
The firm will also enter into a long-term, triple-net lease agreement with The Pharm, which is planning certain tenant improvements.