Finance
WPB-Area Mixed-Use Asset Trades for $28M
HFF secured $20.3 million in acquisition financing on behalf of the new owner, who acquired the property free and clear of debt.
HFF Secures Construction Loan for TX Office Building
The 327,000-square-foot property is part of the CityPlace master plan, which will bring 4 million square feet of Class A office space to the Houston area.
Condor Hospitality Trust Boosts Acquisition Fund
KeyBanc Capital Markets, BMO Capital Markets and Huntington National Bank were the joint lead arrangers of the additional $60 million to the company’s credit facility.
RealtyShares Names Industry Vet to BOD
Edward Forst brings a wealth of experience to the online crowdfunding operation, having worked with Cushman & Wakefield and Goldman Sachs.
NJ Retail Power Center Lands $100M Refi
HFF arranged the refinancing of the 410,015-square-foot Tonnelle Commons in North Bergen, N.J., on behalf of REIT Urban Edge Properties.
Boston Office Asset Lands $208M in Financing
The 10-year loan was made to an affiliate of Rockpoint Group LLC., which purchased the asset in January 2017 from CBRE Global Investors for $370 million.
Office Sector Offers Opportunity in Q2
Robust job growth bodes well for office properties, despite uncertainty about the current cycle and future political and economic policy.
CBRE Secures $152M Bay Area Office Refi
The owner has repositioned and modernized Rosewood Commons, taking it from 10 percent leased at purchase to 95 percent leased now.
Phoenix-Area Retail Center Lands $31M in Financing
Meridian Capital Group represented the borrower in securing the three-year, floating-rate loan for the acquisition of a mixed-use retail center located in Peoria.
DC-Area Assets Land $90M in Financing
Citizens Bank arranged the $49 million loan to refinance Georgetown Center in Washington, D.C. and the $41 million loan to finance the Old Centerville retail center in Centerville, Va.