News
Cushman & Wakefield Arranges Bridge Loan for 1M SF Distribution Facility; New Student Housing Development Rising Next to University of Memphis
Cushman & Wakefield announced that its Equity, Debt & Structured Finance Group has recently arranged a $25.1 million bridge loan on behalf of PDC Memphis Oaks 3 Holdings, LLC, an entity managed by Panattoni Development Company. The loan will refinance the existing loan on Memphis Oaks 3, a 1,025,000-square-foot, Class A distribution facility.
Adler Kawa Real Estate Buys 224KSF Office Space in Office Park
One year after purchasing the 223,850-square-foot Carmel Executive Park, Florida-based Adler Kawa Real Estate Advisors (AKREA) has made another acquisition in the Charlotte Metropolitan Area, picking up 249,000 square feet of office space at Oak Hill Business Park.
Federal Government’s Partnership for Sustainable Communities Celebrates 5 Years of Progress
The Partnership for Sustainable Communities has covered a lot of ground since its inception, and it has big plans for the future.
W.P. Carey Buys Corporate HQ Property in Norway for $114M
In its second acquisition in Norway this year, W.P. Carey Inc. has added the 275,600-square-foot headquarters of Total E&P Norge AS to its portfolio.
Meridian Finances 1412 Broadway Purchase
Meridian Capital Group L.L.C. provided $165 million in permanent and mezzanine financing for the purchase of 1412 Broadway in Manhattan.
Cantor Real Estate Acquires Ranieri Distressed Property Investment Firm
Cantor Real Estate L.P., a subsidiary of Cantor Fitzgerald L.P., has acquired RREP Recovery Partners Manager L.L.C. from Ranieri Real Estate Partners L.P.
Economy Watch: Mortgage Delinquencies, Seniors Housing Confidence, Initial Unemployment Claims
The delinquency rate for mortgage loans on one- to four-unit U.S. residential properties decreased and builder confidence in the single-family 55-and-up housing market rose at the end of the second quarter. Initial unemployment claims decreased last week.
HFF Secures $480M Construction Loan for 181 Fremont in San Francisco
HFF arranged $480 million in construction financing for 181 Fremont St., a 55-story, 684,000-square-foot Class A office and luxury condo tower in San Francisco’s South Financial District.
State Greenlights $115M Hotel at the University of Maryland
Now that the State of Maryland has given its approval, the University of Maryland will soon offer a four-star hotel at its campus in College Park, Md.
H&R Real Estate Investment Trust Acquires Winnipeg Center for $138.5M
H&R Real Estate Investment Trust has acquired Kildonan Place, a shopping center located in Winnipeg, for $138.5 million from a joint venture consisting of Ivanhoé Cambridge and Sears Canada.