Finance
Jacksonville Office Asset Lands $19M Refi
HFF secured the loan on behalf of the owner, Taurus Investment Holdings LLC. The property is part of Deerwood Park, the largest full-service campus in Jacksonville, Fla.
CBRE Secures Loan for Carlsbad Mixed-Use Campus
Mark McGovern, Scott Peterson and Brian Cruz of CBRE negotiated a $16 million loan for the refinancing of a 146,000-square-foot asset in Carlsbad, Calif. Tenants at Carlsbad Commerce Center include Advanced Brain Monitoring, SabreSciences Inc. and GIMDx Inc.
Newmark Secures $68M Financing for Silicon Valley Assets
The recent long-term financing for two office properties and a big-box retail center brings the firm’s debt transaction volume in these submarkets to $157 million in 2017.
Natixis Scores $39M Loan for Hyatt Acquisition
The Excel Group received a $39 million loan for the acquisition of 200-key Hyatt Place Washington DC/US Capitol, located in the NoMa neighborhood of Washington, D.C.
Paramount Lands $300M Refi for Manhattan Asset
The REIT engaged Eastdil Secured to arrange the financing for 712 Fifth Ave., a 52-story, 543,000-square-foot Class A office tower in the Plaza District.
Commercial Banks and the Capital Markets
As 2017 approaches the midpoint, the capital markets remain bullish on real estate, and commercial banks are among the most active lenders.
CBRE Secures Financing for Cupertino Office Building
Harbor Group International LLC is set to acquire an 88,580-square-foot asset in the heart of Cupertino, Calif. CBRE’s Shawn Rosenthal secured a ten-year interest-only loan provided by JP Morgan.
Atlanta-Area Office Campus Trades for $19M
Avison Young negotiated the disposition of the seven-building asset, while Lincoln Property Co. will handle the management and leasing assignment of the complex.
Philly-Area Office Trades, Lands $45M Financing
HFF’s investment sales team reeled in a buyer for Valley Creek Corporate Center, then the firm’s debt placement team secured acquisition funds for the Pembroke-Ten Capital joint venture through Barclays Capital.
Full Steam Ahead for Vancouver Waterfront Project
At full build-out, Waterfront Vancouver will consist of 3,300 new residential units, more than 1.3 million square feet of Class A creative office space, a boutique hotel, flagship restaurants and unique retail spaces.