Finance
Miami’s 10 Tallest Office Buildings
Downtown Miami has grown into one of the largest financial districts in the U.S. According to Yardi Matrix data, the top 10 tallest office buildings are in Miami’s Brickell neighborhood.
Medical Office Portfolio Commands $230M
MedProperties Holdings is the new owner of 17 multi-state Harrison Street health-care assets totaling 620,000 square feet. The transaction marks the company’s single-largest acquisition in terms of purchase price, number of properties and total square footage.
Columbus Office Tower Lands a $30M Loan
Citizens Bank provided the loan to HEARN and CrossHarbor Capital Partners, the property owners. The money will be used for future capital projects and leasing costs.
JLL Secures $96M for Philly Office Buy
In an unusual deal, Taconic Capital Advisors and Cohen Equities consolidated their ownership of a 13-story historic tower in the city’s Market East section.
Branch Buys $110M Grocery-Anchored Retail Portfolio
The portfolio encompasses properties anchored by Publix, Kroger and Whole Foods, totaling 876,153 square feet of space. HFF secured the $110 million seven-year, fixed-rate loan.
Expo Real 2017: The Rise of Logistics
Executives of Prologis, CBRE Global Investors, Allianz Real Estate and other high-profile players kicked off this year’s Expo Real with an in-depth dialogue on the perks and challenges of logistics real estate.
HFF Secures $21M Financing for Charlotte Office Asset
The debt placement team of Travis Anderson and Cory Fowler worked on behalf of The Fallon Co. in arranging the floating-rate mortgage.
Watkins Breaks Ground on New AL Retail Center
A Publix-anchored shopping center broke ground in Huntsville, Ala. The $12 million development is scheduled for completion in the first part of 2018.
Goldman Sachs Joins $5.5B Baltimore Revitalization Project
The financial company’s Urban Investment Group is contributing $233 million for the construction of Port Covington, a 235-acre master-planned development on the city’s waterfront. The commitment marks the fund’s largest single private equity investment ever.
Walker & Dunlop Secures $15M Loan for Pittsburgh Hotel
The company worked on behalf of the borrower, Reception Hotels and Resorts LLC, to provide the three-year, non-recourse construction loan. Reception Hotels and Resorts purchased the fifth and the sixth floors for the hotel.