Finance
Manhattan’s GM Building Lands $2.3B Refi
Boston Properties has completed a $2.3 billion refinancing of the 50-story, 2 million-square-foot trophy tower. The financing includes interest-only payments and matures in 2027.
Quantum Capital Secures $50M Retail Refi
The loans will refinance a Walmart-anchored shopping center in Torrance, Calif. and four fully leased retail buildings in Beverly Hills, Calif.
HFF Secures $170M Refi for NoCal Retail Portfolio
The 33 triple-net-leased grocery retail assets in San Francisco Bay Area, Sacramento and the Central Valley are fully occupied under a master lease with The Save Mart Cos.
Talonvest Arranges $62M in Financing for Self-Storage Developments
The company secured seven construction loans through four different banking institutions on behalf of The William Warren Group and Metro Self Storage.
Vintage NYC Building Scores $430M Refi
The 675,000-square-foot, Class A property was built in 1909 and consists of two contiguous buildings near Union Square, Gramercy Park and Madison Square Park.
NREA, HYM Land $180M in Financing
The loan represents the first step in a long-term development plan and the formation of a strategic lending relationship between the two companies.
CMBS Walks a Fine Line in 2017
This year promises to be a transitional one for CMBS, as issuers not only attempt to comply with new regulations but also face the concern that the recovery of the economy and real estate fundamentals will run out of steam, notes Yardi Matrix Associate Director of Research Paul Fiorilla.
Dilweg Cos. Snaps Up Tampa Office Portfolio
HFF marketed the assets on behalf of the seller and assisted the buyer in placing the floating-rate acquisition financing originated by a public real estate investment trust.
JLL Secures $22M in Financing for Humblewood Center
The 172,897-square-foot retail asset is located in a highly visible area of Humble, Texas, at the southwest corner of U.S. Highway 59 and Farm to Market Road 1960.
Kennedy Wilson Buys Big in Seattle
Constructed between 1999 and 2001, 90 East consists of three Class A buildings situated on a 20-acre site in the greater Bellevue area. The property is currently 100 percent leased.