Finance
Economy Watch: Quality of CMBS Improves in Q1, Says Moody’s
As commercial property prices leveled off in the first three months of 2016, CMBS loan quality has improved.
The Conditions of the Ares Capital-American Capital Deal
The $3.4 billion deal between American Capital Ltd. and Ares Capital Corp. is conditioned on the successful sale of American Capital Mortgage Management LLC to American Capital Agency Corp.
HFF Lines Up Refinancing for Airport Road Storage in Monterey
Working on behalf of 21st Century Storage, HFF closed on a $6.4 million refinancing loan for a 480-unit facility in Monterey, Calif.
HFF Arranges 2.2-Acre Land Sale, Secures JV for Mixed-Use Project Development
HFF represented the seller in the development site sale, and secured the JV equity to build a multi-housing/retail project.
Ivy Realty Acquires $68M Miami Office Portfolio
Cushman & Wakefield handled the negotiations and arranged financing for the office buildings located within Waterford at Blue Lagoon.
Sovran, LifeStorage to Merge in $1.3B Deal
The transaction will allow Sovran Self Storage to expand its nationwide portfolio by an additional 6.5 million square feet.
Vornado, SL Green JV Completes Refi of 280 Park Ave.
The joint venture partners have completed the $900 million refinancing of the Midtown Manhattan office tower.
Hines Teams with Universal-Investment on First UK Acquisition
The joint venture is moving forward with a $1.5 billion European shopping spree on behalf of Bayerische Versorgungskammer.
Economy Watch: FOMC Minutes Point to Rate Hike in June
Is the Federal Reserve itchy to raise interest rates again?
The Debt Yield Test: A Great Equalizer
By Jay Maddox, Principal, Avison Young: How this alternative measurement levels the playing field compared to traditional underwriting ratios.