News
Colony Capital Completes $1.5B Refi With Assist From Ventas
The refinancing of $1.7 billion in consolidated debt in Colony’s health-care segment includes a $490 junior tranche provided by Ventas. The loan’s collateral comprises 158 health-care properties.
Phoenix Office Building Commands $48M
Mainstreet Capital will provide property management services for the four-building complex. Cushman & Wakefield, which brokered the sale, will retain the leasing.
Corporations, Not Startups, Drive Coworking Surge
Enterprise users are shaking up the real estate industry by demanding better spaces for their employees, say executives at flexible office firms WeWork, Industrious and CommonGrounds Workplace.
Savills Launches Coworking Platform PIVOT
The fully integrated service will be rolled out exclusively in the U.K. and will offer an all-inclusive price point for tenants.
Atlanta Office Property Trades for $120M
Farallon Capital Management and Crocker Partners intend to invest in renovations of the common areas and amenities at the 646,471-square-foot former headquarters of The Home Depot.
Kidder Mathews Hires VPs to San Diego Office
Industry veterans Robert Black and Sean McNee have a combined 30 years of experience in the seniors housing and healthcare sectors.
Sterling Bay Opens Fulton Market Hyatt
The 200-key extended-stay hotel broke ground in 2018, with the developer financing the project through a $42 million construction loan.
New York Self Storage Portfolio Receives $49M Loan
The three properties encompass a total of 176,000 square feet and benefit from strategic positioning in the Bronx, Mt. Vernon and New Rochelle.
Houston Office Portfolio Trades in Energy Corridor
LNR Partners previously purchased the two-building, 176,000-square-foot Parkview complex out of foreclosure in 2017. JLL facilitated the disposition on behalf of the seller.
Skanska Agrees to $152M Helsinki Office Sale
The 190,000-square-foot development, set to become the headquarters for the European Chemicals Agency, is under construction and anticipated to be delivered by the end of 2019.