Investment
Bellwether Arranges $57M Refi for Cleveland Office Tower
The 10-year CMBS loan, originated by Rialto, will allow One Cleveland Center’s owner to refinance the property’s high interest rate debt and fund tenant improvements.
Tampa Office Asset Receives Acquisition Loan
The Aztec Group team of Jason Shapiro and Sean Harrington worked with BankUnited to secure strong financing terms on behalf of the borrower that purchased the property.
What’s Ahead for the Capital Markets in 2018
Lenders are showing no signs of slowing down in 2018 when it comes to commercial real estate. Matt Wurtzebach of Draper and Kramer Inc.’s Commercial Finance Group delves into what we can expect from the real estate capital markets this year.
Cautious Optimism Ahead for 2018 NYC Capital Markets
Despite a slowdown in transaction volume and leasing activity in the market last year, Cushman & Wakefield executives discussed why 2018 will likely be a better year for investors and lenders, at the firm’s year-end retail data and capital markets presentation.
Forest City Ratner CEO Launches NYC Development Firm
L&L Holding Co. founders David Levinson and Robert Lapidus will share ownership with MaryAnne Gilmartin in the joint venture and assist in the sourcing, financing and implementation of major ground-up projects.
France’s AXA Investment Snags $165M Office Asset in DC
The Paris-based real estate assets investment and management firm acquired the 210,000-square-foot trophy property in a joint venture with Stewart Investment Partners.
Bamboo Equity Acquires MO Office Asset
This acquisition marks the first purchase for the company’s Bamboo Micro Opportunity Fund I LP in Maryland Heights, and the second overall.
Preiss Acquires 1,180-Bed Student Housing Portfolio
The portfolio includes two properties serving the University of North Carolina, Charlotte. The acquisition was funded with a 10-year mortgage.
Intercontinental RE Enters NYC Market
The firm teamed up with a local investor for the acquisition and redevelopment of two office buildings in SoHo, which will result in 42,000 square feet of premier office space and a 4,500-square-foot, two-floor retail portion.
CRE in 2018: Change Is Afoot
The good times in the commercial real estate industry have continued to roll for more than a few years now, but something new is brewing, according to a report by commercial real estate services firm Avison Young.