Wells Fargo Bank
Philadelphia Commercial Real Estate Wrap-Up – March 2020
Industrial project lands $111 million loan. Hospital construction speeds up. Here’s our March selection of Philadelphia must-knows.
Iconic Manhattan Skyscraper Lands $510M Refi
Wells Fargo Bank provided the floating-rate loan for the revamped 120 Broadway building.
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.
Tampa-Area Office Campus Changes Hands
Transwestern advised LNR Partners in the $9 million sale of an eight-building value-add asset in New Port Richey.
Los Angeles Industrial Asset Commands $104M
Westcore Properties sold a 543,000-square-foot facility in Santa Fe Springs, Calif. With this acquisition, the buyer’s industrial portfolio in the metro increased to 2.2 million square feet.
Regus-Leased Office Asset Changes Hands in Greater Phoenix
Working on behalf of McAfee Investments, Cushman & Wakefield negotiated the sale of a 41,876-square-foot building in Tempe, Ariz.
Denver-Area Hotel/Convention Center Lands $800M Refi
The loan package covers a potential expansion of the $795 million Gaylord Rockies Resort & Convention Center in Aurora, Colo., which opened in December 2018.
Las Vegas Office Asset Changes Hands for $20M
The 58,950-square-foot Crossing Business Center VII previously traded less than a year ago, when Moonwater Capital purchased it as part of an $82.8 million, seven-building portfolio transaction.
Denver Trophy Tower Lands $220M Loan
HFF worked on behalf of Hines and its equity partner to secure the permanent financing for 1144 Fifthteenth St., the city’s first high-rise office development in more than 30 years.
Meridian Capital Arranges $100M Refi for Manhattan Office
Princeton International Properties owns the 25-story building in the borough’s Financial District. The property includes more than 18,000 square feet of retail space.