Finance
Prudential Mortgage Closes $355M Loan for Douglas Emmett Portfolio
Prudential has provided Douglas Emmett Inc. with a $355 million first mortgage with the REIT’s 1-million-square-foot commercial-property portfolio serving as collateral.
Strategic Hotels’ Refi Frenzy Continues with $130M Loan on Four Seasons D.C.
Strategic just closed a $130 million limited-recourse loan secured by the premier 222-room property in D.C.’s upscale Georgetown neighborhood.
Invesco Secures $72.8M Loan Through ING
The loan money is once again flowing. On Thursday, ING Real Estate Finance announced the closing of a $72.8 million term loan with Invesco Real Estate.
NorthMarq Arranges $98.4M Bond Securitization for Multi-Family Portfolio
Capitalizing on its relationship with Freddie Mac, NorthMarq Capital has orchestrated an approximately $98.4 million tax-exempt bond securitization for a portfolio of 11 bonds owned by TCH I Depositor L.L.C.
Elbit Imaging Subsidiary Concludes Purchase of Remaining Units in EDT Retail Trust
A subsidiary of Israel-based Elbit Imaging Ltd. has wrapped up the off-market takeover bid for all remaining units in EDT Retail Trust, a retail REIT. The all-cash transaction increases EPN and its affiliates’ stake in the REIT to 96.4 percent.
Changes at the GSEs
CPE offers the latest updates on possible changes at the GSEs, including news and opinions from leading CRE executives.
Prudential, Perella Weinberg JV Opens Access to $1B in CMBS
It’s a new day for Prudential, as a new joint venture with Perella Weinberg Partners will allow the financial firm to begin issuing CMBS, effective immediately.
JLL Secures $160M Financing for 1 MSF Downtown L.A. High-Rise
Downtown Los Angeles is seeing some action, as One California Plaza, a 995,000-square-foot office building, has been refinanced for up to $160 million in a deal secured by Jones Lang LaSalle.
CBRE Closes First Phase of $940M Purchase of ING’s Securities, Management Businesses
The first phase of CB Richard Ellis Group Inc.’s deal to acquire ING Group N.V.’s real estate securities business and its investment management operations, for a combined sum of $940 million, has closed.
New CNL Fund to Invest $3B Across Multiple CRE Sectors
The fund will set its sights on lifestyle, lodging and specialty properties, and keep a special eye on senior living and healthcare assets.