Finance
Berkadia Secures $107M for 7 M-F Properties in Las Vegas
A portfolio of seven multi-family properties in Las Vegas owned by Interwest Capital and Angelo, Gordon & Co. received $107 million in financing arranged by Berkadia Commercial Mortgage.
Colliers Arranges $175M Loan for Granada Highlands in Malden, Mass.
Colliers International has arranged $175 million in financing through JP Morgan Chase for Granada Highlands, a gated multi-family community in Malden, Mass., owned by Metropolitan Properties of America.
C&W Arranges Financing for 2.5 MSF Office, Retail Complex in Atlanta
Capital improvements will be made at Peachtree Center in downtown Atlanta, thanks to $182 million in financing obtained by Cushman & Wakefield for owner Banyan Street Capital and its foreign equity partner.
Pondering Interest Rates
By Paul Daneshrad, CEO, StarPoint Properties: If you were to ask 100 economists what is going to happen to interest rates over the next two to three years, I am certain 95 would say they are going to rise, and I might have agreed with them a month ago.
Walker & Dunlop to Acquire Johnson Capital’s Loan Platform
Walker & Dunlop Inc. has signed on to acquire the loan origination and servicing platform of Johnson Capital.
CBRE Global Investors Fund Acquires 28-Story Boston Office Tower
A fund sponsored by CBRE Global Investors has acquired 100 High St., a 546,336-square-foot, 28-story office building with a 273-space, three-level, on-site subterranean parking garage situated in the heart of Boston’s Financial District.
TIAA-CREF, TIAA Henderson Close Value-Add M-F Fund
TIAA-CREF and TIAA Henderson Real Estate closed their CASA fund with a $420 million price target in value-add workforce housing.
Update: JCR Capital Obtains $105M for Middle-Market Fund
JCR Capital’s JCR Capital Commercial Real Estate Finance Fund III L.P. is targeting a total capitalization of $250 million for middle-market sponsors typically overlooked by institutional capital.
Keep Your Eyes Peeled and Don’t Get Sloppy
By Marcelo Bermudez, President, Figueroa Capital Group, a subsidiary of Charles Dunn Co.: When it comes to U.S. business news, recent headlines make it seem like everything is fine. If you analyze the numbers and metrics, however, you’ll see that this is something of a mirage.
RW Kline Breakup Creates CMBS Shop for Cushman & Wakefield
RW Kline Cos., of Scottsdale, Ariz., has been sold and split into three pieces, and one of those parts will find a new home at Cushman & Wakefield Inc. as North America’s largest CMBS debt restructuring practice.