Search Results: hff
Active and Achieving: Executive of the Year Runners-Up Innovate, Invent
The CPE Executive of the Year Awards this year recognized two runners-up in most categories in addition to the first-place winners. These top executives have drawn on extensive experience to explore new avenues, transact deals, pull back where prudent and break out of the box, devising market-leading strategies.
Financing Closes for Chicago’s $125M Radisson Blu Aqua Hotel
Acting on behalf of Magellan Development Group L.L.C. and Carlson Hotels, commercial real estate services firm Holliday Fenoglio Fowler orchestrated $66 million in financing for the development of the upper upscale Blu Aqua Hotel in downtown Chicago’s 82-story mixed-use Aqua Tower.
Suburban D.C. Property Refinanced for $43.5M
Rosslyn Metro Center in Arlington, Va., has been refinanced to the tune of $43.5 million, according to the Washington, D.C. office of Holliday Fenoglio Fowler (HFF) L.P., which oversaw the deal.
Regional Report: Commercial Retail Investment Sales in the New York City Suburbs
Kevin O’Hearn, Holliday Fenoglio Fowler
As with last year, the investment sales activity in the suburban metropolitan New York area remained low through the first half of the year. More specifically, there wasn’t a single sale transaction in excess of $10 million. However, the good news is that as the overall economy continues to show signs of recovery, the owners of retail assets have become more willing to test the waters.
Former Seville Beach Hotel in Miami Sells for $57.5M and Preps for Ian Schrager Makeover
Located at 2901 Collins Avenue, the Seville is a 12-story building that originally opened its doors in 1955. The sellers had acquired the hotel in 2005 for $25 million and joined forces with the Ritz-Carlton Hotel Company L.L.C. in a plan to convert the property into a three-building Ritz-Carlton Club & Residences with fractional- and whole-ownership units. The project never reached fruition. Now a different set of plans is in store.
Premier 163,000-SF Office Building in Houston’s Energy Corridor Changes Hands
A bevy of eager investors took a great deal of interest in acquiring One Park 10 Plaza in Houston’s desirable Energy Corridor, but it was Beacon Investment Properties Inc. that emerged victorious.
Lantana Media Campus Gets $85M in Financing
Holliday Fenoglio Fowler, L.P. has arranged $85 million in financing for the Lantana Media Campus in Santa Monica, Calif., which was sold for $200 million in last year’s largest office property deal in Los Angeles County.
Amid Slow Investment Market, $1.9B Portfolio Goes on The Block
Given the sluggish property investment market, finding investors for any deal is a challenge these days, let alone for a massive portfolio of 52 properties valued at a total of $1.9 billion. Such is the task faced by the trio of Holliday Fenoglio Fowler L.P., Macquarie Capital Advisers Ltd. and UBS Securities L.L.C., which has been tapped to market the properties, which are owned by Macquarie DDR U.S. Trust, a joint venture involving Australia-based MDT and Developers Diversified Realty Corp. The team will also advise on a strategic review of the REIT’s assets in the U.S.MDT announced last month that…
$65M New Jersey Office Loan Shows Money Still Available—If Property is Right
With the finance industry on its knees, securing a loan for a suburban New York City office property is not the cakewalk it used to be. However, lenders are still willing to fork over the funds for certain area assets, like Livingston, N.J.’s 385,000-square-foot Eisenhower Corporate Campus, which recently attracted a $64.8 million financing package. Property owners Eastman Cos. and The Sagner Cos. turned to Holliday Fenoglio Fowler L.P. to mine the market for money–and the commercial real estate capital intermediary came through with a $44.7 million adjustable-rate loan from Wells Fargo and TD BankNorth, and just over $20 million…
Holliday Fenoglio Seals Deal for Redevelopment of GM Plant in New Jersey
The Indianapolis office of Holliday Fenoglio Fowler arranged $70 million in financing for Duke Realty Corp. to redevelop a former General Motors manufacturing plant in Linden, N.J. The redevelopment project will receive a two-year adjustable rate loan with HSBC Bank USA, with US Bank and The Private Bank as participants.HFF senior managing director David Keller (pictured) and associate director David Ross both worked to establish the financing and secure the loan, on behalf of a joint venture between Duke and also Stockbridge Real Estate Funds. Duke Realty specializes in the construction, development and management of office industrial and health care…