Finance
SL Green, Vornado Snag $1.2B Refi for Manhattan Tower
The new loan on the 280 Park Ave. office building, now 97 percent leased following its emergence from a sweeping $150 million renovation, replaces the $900 million refinancing secured in 2016.
HFF Secures $10M Financing for NC Industrial Portfolio
Arrowridge Business Park consists of four rear-load buildings totaling 194,560 square feet of space. The portfolio is currently 98 percent leased to a mix of 26 tenants.
Kimmerle Group Boosts Multigenerational Leadership
Robert Kimmerle, son of company founder & president George Kimmerle, has returned to the firm as chief financial officer. He brings more than a decade of experience in financial management and will focus on providing financial and consultative support.
Stonemont Buys $1.3B Net Lease Portfolio
CBRE Capital Markets arranged the transaction on behalf of the seller, Oak Street Real Estate Capital, and secured $1.1 billion in acquisition financing for Stonemont. The deal encompasses 100 assets in 20 states.
PGIM Secures $33 Million Loan for Columbus Retail Center
The financing will support capital improvements to Graceland Retail Center, a 456,021-square-foot property located nine miles from Columbus’ central business district.
Fully Leased NJ Industrial Asset Nabs $15M Financing
Arranged by Cushman & Wakefield, the loan was used for Camber Real Estate Partners and Advance Realty’s acquisition of a distribution center in Paterson, N.J.
JW Marriott Chicago Lands $270M Natixis Refi
The 610-key luxury hotel, which opened seven years ago, is located in the former Continental & Commercial National Bank Building in the city’s downtown Loop.
Keystone Secures $60M for OC Retail
One of Keystone’s correspondent insurance companies sourced the 15-year, fixed-rate loan for the 295,000-square-foot shopping center in Laguna Niguel, Calif.
Westwood New Executive VP Leads Expansion
Matt Lougee brings a decade of real estate finance experience and will spearhead the firm’s corporate strategy and finance, supporting its growth.
Petaluma Self Storage Gets $12M Financing
Talonvest Capital Inc. provided funding for the joint venture development of a 830-unit self-storage facility in Petaluma, Calif. The property will include two buildings on a site of roughly 2 acres.