Finance
Fort Lauderdale-Area Office Asset Trades for $9M
Cushman & Wakefield worked on behalf of the seller in the disposition of the campus. The deal included a $7 million acquisition loan.
Grandbridge Secures 221 KSF Minnesota Industrial Loan
The company arranged the five-year non-recourse, fixed-rate loan through Nationwide. The loan closed with an interest rate of less than 4 percent.
Monday Properties Closes $888M NoVa Refi
The financing includes a future funding facility that will provide significant capital to meet additional long-term strategic investments and support tenant needs.
Nashville Hyatt Hotel Gets $41M Citizens Bank Construction Loan
A partnership between Songy Highroads LLC and an affiliate of Hyatt Hotels Corp. will build the 201-key hotel in Nashville’s West End.
Historic Atlanta Hotel Lands $16M Refi
Formerly known as Cox-Carlton, the 140-key property operated under the Days Inn franchise between 1985 and 2004. Ashford Trust acquired the asset in 2015 for $26 million.
China Life Invests $950M in ElmTree Portfolio
The majority of the assets are recently constructed, build-to-suit industrial, office and health-care properties in secondary and tertiary markets.
Largest C-PACE Deal to Fund CA Medical Center Retrofits
Verity Health System will use the 30-year loan to make mandatory seismic upgrades to Seton Medical Center in Daly City, Calif.
BH Properties Lands $253M Loan for NYC Portfolio
New York Life Real Estate Investors provided a 25-year mortgage and mezzanine facility for three Manhattan hotels totaling 1,179 guestrooms.
Historic Charleston Cigar Factory Lands $50M Refi
Constructed in 1881, the building now offers creative office space, a signature restaurant, high-end retail and grade-level parking. Patterson Real Estate Advisory Group secured the fixed-rate, 20-year loan.
$325M San Diego Mixed-Use Project Underway
A joint venture affiliated with Hammer Ventures recently acquired a former post office property in the city’s Point Loma/Midway district, which it plans to develop into a mixed-use project tentatively called The Point.