Finance
New York Life Secures NJ Retail Refi
EDENS’ 208,337-square-foot Closter Plaza in Closter, N.J., is home to big names such as Whole Foods and Target, and is the only shopping center within a 5-mile radius.
Hawaii’s Largest Office-Industrial Park Lands $165M Financing
Working on behalf of AIPA Properties, Sonnenblick-Eichner secured the 15-year, fixed-rate loan for Airport Industrial Park, a 1.3 million-square-foot mixed-use complex in Honolulu.
Pollack Realty Lands $26M for CA Boutique Hotel
HALL Structured Finance secured the first lien construction loan for the Park James Hotel in Menlo Park, Calif. The 61-key boutique hotel is scheduled for completion in May 2018.
HFF Arranges Refi of Boston Hotel Portfolio
The commercial real estate services firm landed a 10-year CMBS loan for Distinctive Hospitality Group’s refinancing of three properties in the city’s suburbs.
Elite Street Capital Buys 162 KSF Houston Office Asset
Buchanan Street Partners and CarVal Investors sold a 162,000-square-foot office building in Houston. HFF arranged the deal on behalf of the seller and secured the buyer.
Lennar HQ in Miami Trades for $40M
The Fortune 500 company developed the office complex between 1982 and 1993. The property has served as the firm’s headquarters ever since.
ASB JV Nabs Brooklyn Warehouse Complex
The two-building industrial asset is located in Brooklyn’s Sunset Park neighborhood and includes 21,000 square feet of surface parking.
Grocery-Focused REIT Completes $1B Sponsor Buy
Phillips Edison’s transaction has created the largest REIT exclusively focused on grocery-anchored shopping centers. The new entity has an enterprise value of roughly $4 billion.
Expo Real 2017: The French Connection
In the wake of Brexit, Paris is betting big on the future of its real estate. First stops: a $41 billion infrastructure project and the 2024 Olympic Games.
Charles River, AEW Land $205M Mixed-Use Financing
Located a few miles from Boston, The District Burlington is a 1 million-square-foot urban park with suburban environment features. Tenants are attracted by its enhanced connectivity, walking trails and private shuttles.