Finance
Cornerstone Inks Deal to Buy ACRE Capital
The mortgage banking subsidiary of Ares Commercial Real Estate will go to Cornerstone Real Estate Advisers.
NSA Trust to Buy 29-Property Self-Storage Portfolio
The Colorado-based REIT is shelling out $190 million to acquire roughly 2.1 million square feet of self-storage space across the U.S.
Marcus & Millichap Arranges Miami Metro Retail Deal
Currently, the property is 100 percent leased, but the anchor tenant filed for bankruptcy, which will negatively impact traffic at the center.
C&W Lends a Hand in Orlando
Technology Park features five Class A office, flex and warehouse/distribution buildings totaling more than 297,000 square feet.
Post Bankruptcy, Austin Hospital Sells for $115M
The asset includes a 147,000-square-foot hotel-like hospital, a 79,708-square-foot medical office building and 508 parking spaces.
$150M Refi for Prime Boston Hotel
The 10-year loan for Chesapeake Lodging Trust’s 502-key downtown property was provided by MetLife.
Sonnenblick-Eichner Secures Refi for Emeryville Flex Asset
The company provided a $12.4 million loan for the refinancing of an Alameda County office asset.
$165M Financing Earmarked for LA Mixed-Use Project
The makeover of the Broadway Trade Center in downtown Los Angeles will include the addition of retail, office and hotel space.
Economy Watch: Will Brexit Affect U.S. CRE?
NAIOP Distinguished Fellows weigh in on the potential impacts Brexit could have on the U.S. commercial real estate industry.
Bellwether Closes Refi for Charlotte Music Factory
Entertainment hub AvidXchange Music Factory received a refinancing loan thanks to Bellwether Enterprise.