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February 2015 – Briefs/Finance

TPG Real Estate Acquires $2.5B Loan Portfolio from Deutsche; Citibank Provides $36.5M for Philly Office Acquisition; Meridian Arranges $135M in Financing for World’s Tallest Holiday Inn; HCP Prices $600 Million Senior Unsecured Notes Due 2025; Spirit Closes $510M A+ Rated Net-Lease Mortgage Notes; HFF Secures $140M for Omni San Diego; Apollo Completes More Than $1.5 B of CRE Debt Transactions in 2014; GE Capital Agents $500M Credit Facility for Brookdale Senior Living.

SPOTLIGHT ON AUSTIN: Dividend Capital Buys Pair of Class A Office Buildings

Denver-based Dividend Capital Diversified Property Fund has expanded its footprint in Austin with not one, but two office-building purchases.

Irvine Co. Pays Legacy Partners Pretty Penny for Silicon Valley Office Park

The Irvine Co. has taken Tech Park at Freedom Circle in Santa Clara, Calif., off the hands of Legacy Partners, which the seller called a “win-win for both sides.”

MEPT, Bentall Kennedy Go Shopping in Boston

Showing “strong interest and confidence in the Boston market,” Multi-Employer Property Trust has acquired nine assets in three separate transactions in Boston totaling $250 million.

JBG Reels in Refi for Suburban DC Office Building

JBG has gotten a sizable chunk of change for the refinancing of a highly regarded asset in a strong submarket of the country’s capital.

HEI Hotels & Resorts Trades Aloft Houston Galleria Hotel

As hospitality demand in Houston continues to outpace supply, HEI Hotels & Resorts sells its 152-key select-service boutique hotel to Westpark I.

SPOTLIGHT ON BOSTON: Visconsi Cos. Buys Brookline M-F Property

Visconsi Cos., Ltd. has bought a residential property in a Boston suburb from a JV between Westbrook Partners and Nordblom Co.

Parkway Properties Sells 525 North Tryon for $60M

525 North Tryon, one of the iconic high-rises of the Charlotte CBD has traded hands, selling for $60 million or about $147 per square-foot

Rubenstein, Nordblom to Transform Urban Neighborhood in Boston

For Rubenstein Partners L.P., building up its Boston portfolio appears to be an annual event.

DNA Partners Trades Highpoint Towers

Highpoint Towers, one of San Antonio’s largest office properties, is no longer owned by DNA Partners. Marketed by Holliday Fenoglio Fowler, L.P. on behalf of the seller, the two 11-story office towers were purchased for an undisclosed price.