PGIM Real Estate
M&T Bank, Natixis Co-Lead $195M NYC Office Refi
SL Green, New York City’s largest office landlord, and PGIM, the global investment management arm of Prudential Financial, purchased Tower 46 in 2014, with the help of a bridge loan from Wells Fargo.
Allianz, Columbia Team Up on $421M DC Purchase
HFF represented seller PGIM Real Estate and procured the buyer. The 10-story, LEED Gold-certified 1800 M St., N.W., is currently 94 percent leased to 34 tenants and features below-grade parking and ground-floor retail.
Behind the Soaring Demand for Scottish Hotels
Resilient to wider geopolitical headwinds, the Scottish hotel market is attracting an increasingly larger amount of capital, especially from the U.S. and India. The relative weakness of the pound sterling and the sharpness of yields are some of the factors behind this trend, according to Steven Fyfe, associate in the hotels team at Savills Scotland.
AY Adds Tenant to Raleigh Office Development
The four-story Wade IV will receive LEED Gold certification upon completion in early October and is part of a mixed-use campus dubbed the Offices at Wade.
Institutional Update: New Life
Life insurance companies, long active in commercial real estate investment, have been stepping up their involvement.
Storage Post Expands Florida Footprint
The company continues its self-storage space buying spree, making its ninth purchase in the state in the heart of Miami’s Little Havana neighborhood. According to public records, the seller was an entity affiliated with former Dubble Bubble candy executive Bruce Weiner.
Chicago Freezer Facility Lands New Tenants
Frozen Assets Cold Storage will occupy more than 50 percent of Bridge Point Northlake, a cold storage facility in Northlake, Ill. The lease was brokered by Bridge Development Partners.
PGIM Secures $33 Million Loan for Columbus Retail Center
The financing will support capital improvements to Graceland Retail Center, a 456,021-square-foot property located nine miles from Columbus’ central business district.
Unearthing Alpha: Where Are the Next Opportunities?
The job market continues to be the most telling gauge of commercial real estate performance, fueling demand for all property types.
PGIM Acquires Midtown Atlanta Office Tower
The real estate investment arm of the insurance company purchased the LEED Gold certified asset from Crocker Partners on behalf of institutional investors.