JPMorgan Chase
Simon Property Boosts Credit Revolver to $6B
The company’s move comes in the context of a very active first quarter for both acquisitions and development.
Merit Hill Capital Grows Inland Empire Presence
The company expanded its self storage portfolio with the acquisition of a 70,570-square-foot property.
JPMorgan Chase to Restrict Fossil Fuel Project Funding
The announcement follows similar pledges made by several European banks and by Goldman Sachs, which was also the first U.S. bank to announce limits on fossil fuel funding.
JBG Smith Recasts $1B Revolver
The company is the developer of National Landing, Amazon’s campus in Arlington, Va.
World’s Biggest Banks’ Uneven Ways in Project Financing
Between 2016 and 2018, 33 large U.S. and European banks provided more than $1.9 trillion to fossil fuel companies. Yet at least two leading lenders will stop funding such projects after 2019.
Monmouth Lands Larger, Extended Revolving Credit Facility
The New Jersey-based net-lease industrial REIT negotiated a total of $300 million in unsecured credit, along with an accordion feature, extended maturities and interest-rate swap.
Detroit Prep Academy Opens New Campus
Located in Pingree Park, the newly renovated school received donations from Detroit native Madonna and local organizations.
Facebook-Leased Office Development in Seattle Trades for $415M
The two Class A buildings delivered a combined 388,900 square feet to the metro’s Lake Union submarket earlier this year.
Elmington Capital Buys Nashville Office Park for $46M
The buyer secured more than $32 million in financing from JPMorgan Chase for the acquisition of the 325,000-square-foot campus.
IPO Filing Reveals Costs of WeWork’s Growth Spree
The flexible office giant’s parent firm revealed that the company lost more than $900 million in the first six months of 2019, while revenue doubled to $1.54 billion.