Regions
HFF Arranges $100M for CT Office Park
The company arranged the five-year, fixed-rate loan on behalf of Clarion Partners for Merritt 7, a six-building, 1.4 million-square-foot office park located in Norwalk.
HFF Secures $289M Loan for CA Luxury Community
The company secured a five-year, interest-only construction financing for MIRO, a pair of 28-story San Jose luxury apartment towers comprising more than 600 units.
Brooklyn Mixed-Use Project Lands $64M
The development, 200 Kent Ave., will offer 50,101 square feet of retail space, 22,055 square feet of office and restaurant space, as well as 45,170 square feet of parking. Madison Realty Capital arranged the construction loan.
Caesars to Buy Indiana Gaming Operator for $1.7B
The company, in bankruptcy not long ago, seems to see the purchase of Centaur Holdings as a safe bet. Subject to regulatory approvals and other closing conditions, the transaction is expected to close in the first half of 2018.
Tech Office Users Branch Out
With companies vying for the diminishing pool of available office space in North America’s top tech neighborhoods, surrounding submarkets are primed to benefit from the overflow of demand, according to CBRE’s annual Tech-30 report.
Meritex to Develop Minneapolis Industrial Project
Meritex will demolish a 360,000-square-foot industrial property and plans to deliver two state-of-the-art distribution buildings next to its Highcrest Distribution Center.
Jernigan Capital Continues Self-Storage Expansion
The company has closed a $20.1 million investment Miami. The 96,295-square-foot facility will be developed by Mequity LLC and is slated for completion by 2019.
LPC Buys Land for 900 KSF Phoenix Spec Project
The company plans to develop the first fully speculative industrial property in Phoenix which has 40-foot high clear ceilings. The property will be situated within a 350-acre master-planned project that will feature office, industrial and medical office space.
Economy Watch: State Unemployment Rates Mostly Stable in October
Compared with the month before, jobless rates were lower in October in 12 states and higher in only one state, according to the Bureau of Labor Statistics’ latest jobs report.
Davidson Expands CA Portfolio
Located in the heart of the prominent California Highway 1 corridor, the 550-key hotel spreads across a 22-acre site nestled along the historic 18-hole Del Monte Golf Course.