Finance
715 Peachtree in Atlanta Lands $62M Refi
The loan will allow Carter and PCCP to repay existing debt on the property, while also providing for tenant improvements and leasing capital.
Fort Lauderdale-Area Medical Office Campus Trades for $6M
Cushman & Wakefield facilitated the transaction and procured a long-term lease prior to the sale, securing an enhanced return for the seller.
Jacksonville Office Asset Trades in $23M Deal
CCP Commercial Real Estate purchased the property from DRA Advisors. The transaction benefitted from a $17.8 acquisition financing originated by NTX Capital LLC.
JLL Arranges Financing For Retail Centers in Austin Suburbs
The retail assets are 19,628-square-foot Elgin Village and 9,240-square-foot Cedar Breaks Center, fully occupied at the time of the deal.
Alexander’s Cashes Out Nearly $200M in Manhattan Refi
The office portion of 731 Lexington Ave. in Manhattan received $500 million in refinancing, which matures in June of 2024.
CPE’s Top 5 May 2017 Articles
Miss out on any CPE stories in May? Here are five of our most popular articles for the month, including a report on the highest taxed buildings in America and news on a massive live-work-play community underway from Hines.
85 Broad St. in Manhattan Gets 2 New Owners
The 1.1 million-square-foot building takes up the full block of Broad Street between South William and Pearl streets and has 115 feet of frontage along Broad Street in the Financial District.
Velocity Appoints CFO
Mark Szczepaniak brings 30 years of industry experience to the position, having held various senior financial services roles with both public and privately held finance companies.
One Lincoln Center Lands $21M in Financing
Meridian Capital Group secured the acquisition and repositioning loan on behalf of Zamir Equities, which purchased the tallest office tower in Syracuse for $25.3 million.
Kennedy Wilson Fund Grabs $144M Office Campus
The two-building, 437,000-square-foot Glendale property is 88 percent leased to 21 tenants including Cigna, also serving as the headquarters for DineEquity and Learner’s Digest International.