Finance

Four construction cranes

Innovo Property Group Lands $354M for Queens Industrial Project

Goldman Sachs provided part of the equity financing.

Federal reserve building at Washington D.C. on a sunny day.

CRE Expects a Rate Hike Pause. Here’s What It Means. 

The Fed’s next move depends on economic data, experts say.

Jim Costello at NAREE 2023

Costello Expects CRE Debt to Outperform GFC

MSCI Real Assets’ chief economist tells NAREE conference to look for challenges in 2023 and 2024.

KV Casa Grande. Image courtesy of JLL Capital Markets

Kentwood Ventures Lands $38M for Phoenix Project

JLL Capital Markets arranged the equity financing and construction loan.

A new development area of residential buildings with construction cranes and construction site in the background

Kennedy Wilson Sells $2B Construction Loan Portfolio

The deal represents most of a package the firm acquired from a regional bank last month.

Bridge Point 15E

Bridge Industrial Lands $64M for Newark Spec Project

The Class A distribution center will rise near the Port of New York and New Jersey.

Legacy Place, Dedham, Mass.

WS Development, Nuveen Obtain $190M Refi for Lifestyle Center

JLL Capital Markets arranged the financing for this suburban Boston asset.

Union Bank Plaza. Image courtesy of KBS

Transaction Highlights: June 2023

A coast-to-coast roundup of noteworthy office and industrial deals.

3300 75th Ave

Office Properties Income Trust Secures Loan for DC-Area Asset

This deal starts the company’s financing strategy for its merger with Diversified Healthcare Trust.

Rendering of Pacific Center

San Diego Life Science Project Gets $265M

Bank OZK provided financing for the $650 million development.