Finance
CareTrust Expands Health Care Portfolio
While providing mortgage financing for a SoCal property, CareTrust purchased other three skilled nursing facilities. Providence Group will be managing the assets.
West LA Office Asset Lands $33M Refi
Quantum Capital Partners arranged a CMBS loan for a 107,000-square-foot West Los Angeles office building. The real estate capital advisory firm represented the landlord, a a joint venture between Sunrise Real Estate Group, Robhana Group and 4M Investment Group.
Gramercy Lands $400M Syndicated Term Loan
Capital One also was the sole lead arranger, sole book runner and administrative agent. The loan has replaced a previous $175 million term loan that was closed in December 2015.
Frisbie Group Picks Up Palm Beach Office Asset
Located on the “Rodeo Drive of Florida”, the boutique property is home to a mix of notable tenants including The Neiman Marcus Group, Branch Banking and Trust Co., UBS and Ferretti Group.
M&T Bank, Natixis Co-Lead $195M NYC Office Refi
SL Green, New York City’s largest office landlord, and PGIM, the global investment management arm of Prudential Financial, purchased Tower 46 in 2014, with the help of a bridge loan from Wells Fargo.
Ken Rogozinski Rejoins Greystone in Newly Created Role
The financing specialist will serve as executive managing director of Greystone Bassuk, one of Greystone’s real estate advisory companies. Rogozinski will build structured debt products for real estate owners and developers.
Berkadia Completes Orlando, Tampa Transactions
The Orlando-area Winter Park Shopping Center received $27 million in financing, while the Villages at Turtle Creek, a suburban Tampa community, traded in an $18.6 million deal.
JV Grabs Ft. Lauderdale-Area Office Asset
The building’s solid tenant roster includes Ford, Fidelity Information Systems, AT&T, American Express, Harris Corporation, Xerox and Ticketmaster. CBRE facilitated the sale of the Class A property.
$58M Sourced to Refi South Florida Retail Portfolio
MMG Equity tapped HFF to find the lender, a life company, for a nine-property portfolio. The properties are located in urban infill areas in what reportedly are some of South Florida’s densest retail submarkets.
The Blockchain Opportunity in CRE Finance
Could strategic investments in this new technology be the next big competitive advantage for CRE players? Insights on the trend from two Deloitte experts.