Deutsche Bank
Allianz Taps Loan, Asset Management Head
Peggy DaSilva, who brings more than 30 years of industry experience to the firm, will oversee the loan and asset management group for the Americas region.
Thor Equities Enters Philadelphia Market
The firm acquired 907 Market St., a 214,000-square-foot asset, part of the much larger Market East, which includes the Lits Brothers Building, East Market and Fashion District Philadelphia.
Repositioning of Queens Asset Lands $81M in Financing
NKF Capital Markets arranged the loan on behalf of Normandy Real Estate Partners, for the acquisition and repositioning of 25-11 49th Ave. in Long Island City.
Wyndham to Buy La Quinta for $2B
The transaction will expand Wyndham’s hotel portfolio to 21 brands and more than 9,000 properties, and result in the spinoff of La Quinta’s owned real estate assets into the newly formed CorePoint Lodging Inc., which will hold the distinction of being the only pure-play, publicly traded REIT focused exclusively on midscale and upper-midscale lodging.
JLL Secures $75M for Denver-Area JP Morgan Acquisition
The seller was Blackstone, on whose behalf JLL Capital Markets had completed the sale. Deutsche Bank provided the five-year, floating-rate loan.
A Digital Frame With a Literal Twist
Unlike a traditional frame, Depict allows the display of artworks from its library or user-uploaded content in either landscape or portrait orientation, thanks to a swiveling wall mount.
Stonemont Buys $1.3B Net Lease Portfolio
CBRE Capital Markets arranged the transaction on behalf of the seller, Oak Street Real Estate Capital, and secured $1.1 billion in acquisition financing for Stonemont. The deal encompasses 100 assets in 20 states.
San Jose Office Building Trades for $50M
Menlo Equities sold a 180,000-square-foot building in Milpitas, Calif., to Nazareth Enterprises. At the time of sale, the asset was fully leased to Johnson & Johnson Vision.
JLL Lends a Hand in Iconic NYC Hotel Sale
Highgate and the Rockpoint Group are the new owners of the 168-key Royalton in the heart of Midtown Manhattan.
Texas Shopping Center Lands $13M Refi
JLL secured the loan for Forum at Soncy, a 64,914-square-foot, Class A retail center in Amarillo. The retail asset is currently 93 percent leased.