Office
Paramount Group Closes $1.3B Manhattan Refi
New financing for the 49-year-old trophy tower in the Times Square submarket was arranged by Eastdil Secured.
Angelo Gordon JV Sells Tampa Office Portfolio for $157M
The five-building collection includes WeWork Place, a 19-story tower that occupies an entire city block.
Connecticut Transit-Oriented Campus Lands $150M Refi
The developer will use financing from PGIM for property renovations, as well as for the development of a $45 million mixed-use transit center in Greenwich.
New Supply to Weigh on CRE Return Growth
UBS Asset Management’s positive outlook for commercial real estate is tempered by new construction and increased capital expenditure requirements.
Office REIT Sells Maryland Portfolio for $62M
Two of the properties are in the Woodlawn area of Baltimore, while the third asset is in Rockville, about 17 miles northwest of Washington, D.C.
CIP Real Estate Lands $59M Refi for Inland Empire Portfolio
JLL arranged the seven-year, fixed-rate loan as part of the recapitalization of the 610,000-square-foot group of three industrial/office business parks.
Class A Atlanta-Area Office Property Sells for $11M
NAI Brannen Goddard represented Pinnacle Cos., the seller of the 109,000-square-foot asset.
Douglas Emmett Commits More Deeply to CRE Fund
In a deal worth $95 million, the REIT brought its ownership stake in an existing unconsolidated real estate entity to nearly 90 percent.
Newmark Knight Frank Represents Nordblom Co. in Boston-Area Acquisition
Executive Managing Director Michael Frisoli brokered the $6.4 million transaction. Jam Holdings Inc. was the seller.
American Real Estate Partners Breaks Ground in Philadelphia Suburb
Developed in partnership with Oliver Tyrone Pulver Corp. and Partners Group, the 14-story office property is slated to come online late next year.