Finance
Restructuring CMBS Loans, Part 2
By Jay Maddox, Principal, Avison Young: CMBS loan modifications, while difficult, can be accomplished—provided that the borrower understands the practical realities of dealing with special servicers.
Dog Days of Summer 2016
By Brian O’Hear, Director, Calkain: The outlook for the triple-net-lease market for the remainder of this year promises to be exciting.
NGKF Completes $108M Recapitalization in LA
The company advised on the recapitalization of three Class A office buildings in Orange, Calif.
Macy’s Closing 100 Stores Following Drop in Sales
The company plans to invest in better-performing assets and omnichannel capabilities.
MAA, Post Properties Merger Creates $17B REIT
The combined company will operate a portfolio of 105,000 multifamily units in 317 properties.
Dwight Capital Lends $128M Hand in DC
The 223(a)(7) loan for City Market at O was the largest in HUD’s history.
SL Green Sells Stake in Manhattan Trophy Tower
PGIM Real Estate takes a 40 percent stake in a 2.3 million-square-foot Art Deco landmark.
Novo Nordisk HQ Commands $305M
Cushman & Wakefield orchestrated the deal, which is the largest single-asset sale in New Jersey this year.
Equinix Invests $28M in Australia Data Center Expansion
The expansion addresses the growing demand from businesses planning to expand into Melbourne, home to 25 percent of Australia’s business population.
Berkadia Secures $20M Financing for Florida Office Park
The Gateway Westlinks business park is located along Commonwealth Drive in Fort Myers, Fla.