Wells Fargo
Economy Watch: US Expansion Showing Its Age, Wells Fargo Reports
The U.S. economic expansion, now the second-longest ever, is looking a little long in the tooth, but REIT fundamentals are still strong.
Wells Fargo Grants $103M Financing for Miami TOD
Florida East Coast Industries secured the construction loan for two buildings totaling more than 300,000 square feet, part of the MiamiCentral project.
Kearny Appoints New VP of Acquisitions, Project Management
Steven Hillgren, who is joining the company’s Los Angeles office, adds nearly 10 years of real estate lending experience to Kearny’s roster.
Suburban Seattle Industrial Park Commands $13M
Colliers brokered the sale of the two-building Olympic Industrial Park in SeaTac, Wash., that changed hands in a 1031 exchange transaction.
Kimco Sells 370 KSF Midwest Shopping Center
Chase Properties and DRA Advisors used a $40 million Wells Fargo loan to fund the acquisition of Primrose Marketplace, an open-air retail property in Springfield, Mo.
Clarius Trades Phoenix Industrial Property
The two-building asset opened in 2017 and contains nearly 200,000 square feet. The structures are 71 percent leased to four tenants.
Sterling Bay Nails Down $181M Loan for Chicago Tower
The Class A office project continues the company’s streak of high-profile deals on the city’s Near West Side, including acquisitions, new developments and adaptive-reuse projects.
Hertz Investment Snags Baltimore’s Wells Fargo Tower
Natixis provided a $29.3 million loan to the company, which used the financing to purchase the asset and fund tenant improvements and leasing commissions associated with the lease-up of the building.
Coworking Firm Industrious Raises $80M
The closing of a Series C funding round, co-led by Riverwood Capital and Fifth Wall Ventures, paves the way for the company’s continued expansion and research into new workplace technologies.
San Jose Office Development Lands First Tenant
An IT firm plans to occupy building number one at the Coleman Highline development by 2019. The owner plans to add four more structures on the same site.