Prudential Financial
Scoping Out the Recovery’s Best-Case, Worst-Case Scenarios
Much is up in the air about what’s ahead, but the COVID-19 effect could bring good news, bad news or both for real estate’s asset categories.
Manhattan Office Building Lands $100M Refi
PGIM Real Estate provided the 15-year financing to Jack Resnick & Sons and its joint venture partner, The Ruben Cos.
Seattle Office Park Lands $110M Refi
Lionstone Investments and Talon Private Capital will use the loan to retire a $77.5 million existing financing from Prudential Financial.
PREP Property Group Buys Dallas-Area Retail Center
Redeveloped five years ago, the 611,000-square-foot shopping center features such national brands as Dick’s Sporting Goods, Barnes & Noble, H&M and Victoria’s Secret.
JV Wraps Deal for 1.6 MSF Newark Office Campus
A four-way partnership, with backing from Newark mainstay Prudential, acquired most of New Jersey’s largest transit-hub office campus.
PGIM Acquires 400 KSF Houston Mixed-Use Asset
LaCenterra at Cinco Ranch recently changed hands. Executive Director Mark Seedorff at PGIM Real Estate’s South Region Transactions arranged the deal.
Newark Dreams to Join Ranks of Destination Cities
As the Garden State’s largest city is looking to get into the revitalization game, cranes are returning to the skyline, with $1 billion of projects underway and another $4 billion in the pipeline.
Crowne Plaza Ravinia in Atlanta Lands New Owner
Sold by Ashford Hospitality Trust, the 495-key property in Dunwoody changed hands for $89 million. The former owner had bought the hotel in 2011 as part of a $1.3 billion portfolio.
CT Realty to Develop $300M Industrial Park in Atlanta
Acting through its affiliate, Port Logistics Realty, the company is paving the way for the construction of a 3.5 million-square-foot project in Fulton County.
CBRE Secures Financing for Cupertino Office Building
Harbor Group International LLC is set to acquire an 88,580-square-foot asset in the heart of Cupertino, Calif. CBRE’s Shawn Rosenthal secured a ten-year interest-only loan provided by JP Morgan.
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