Bank of America
Omninet Capital Continues Southern California Spree With $55M Buy
Newmark Knight Frank represented Topa Equities in the sale of the Westlake, Calif., office portfolio, marking the buyer’s fourth purchase in 90 days.
Brookfield Takes $171M Manhattan Office Loan
Bank of America, the Midtown property’s tenant, provided the financing package.
Kennedy Wilson, Fairfax Financial Launch $2B Debt Platform
The two longtime partners will target first mortgage loans secured by high-quality real estate in the U.S., Ireland and the U.K.
Park Hotels & Resorts Revamps Credit Facilities
The giant hotel REIT has bolstered its financial situation, in part through extended maturities on its $1 billion line of credit.
Cushman & Wakefield Tapped to Lease Florida Office Tower
Black Creek Group selected the firm for its Bank of America Tower in Boca Raton, an eight-story Class A property that will be undergoing renovations.
Merrill Lynch’s New Jersey Campus Commands $95M
American Real Estate Partners and Independencia Asset Management have sold the three-building property they had owned since 2013.
Atlas Capital Group Closes Los Angeles Value-Add Acquisition
Formerly occupied by Bank of America, the 315,000-square-foot office building in Pasadena, Calif., will be repositioned as a multi-tenant property.
CMBS Late Payments Starting to Mushroom
The scope of delayed payments is expected to increase for loans secured by certain asset types, according to data released by the CRE Finance Council.
Hanley Investment Closes Minneapolis Retail Deal
Executive Vice Presidents Jeff Lefko and Bill Asher assisted the seller, TOLD Development Co.
Americold Refinances $1.2B+ Unsecured Credit Facility
The transaction expands the REIT’s borrowing capacity and reduces its cost of capital, while extending debt maturities and increasing liquidity.