{"id":1004141640,"date":"2016-04-13T12:01:56","date_gmt":"2016-04-13T20:01:56","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004141640"},"modified":"2022-03-03T21:55:24","modified_gmt":"2022-03-04T05:55:24","slug":"cbre-miami-arranges-nearly-61m-refi-for-brickell-city-tower","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cbre-miami-arranges-nearly-61m-refi-for-brickell-city-tower\/","title":{"rendered":"CBRE Miami Arranges Nearly $61M Refi for Brickell City Tower"},"content":{"rendered":"

By Robert Demeter<\/em><\/p>\n

\"Brickell<\/a>

Brickell City Tower<\/em><\/p><\/div>\n

Miami<\/strong>\u2013The CBRE <\/a>South Florida Capital Markets Team arranged a $60.8 million loan to refinance Brickell City Tower<\/a>, a 33-story, 288,314 square-foot office tower located at the epicenter of the Brickell district in Miami.<\/p>\n

Christian Lee, Amy Julian and Jos\u00e9 Lob\u00f3n of CBRE\u2019s Miami office arranged the refinancing on behalf of Banyan Street Capital<\/a>, Crocker Partners<\/a> and Independencia Asset Management<\/a>. An affiliate of Square Mile Capital Management<\/a> provided the floating rate loan with a term of three years plus extension options.<\/p>\n

\u201cWe were really pleased with the execution. We feel like Square Mile really committed to making the deal happen and to building a relationship with the great Sponsorship,\u201d said Christian Lee, vice chairman with CBRE.<\/p>\n

\u201cBrickell City Tower is in the midst of an extensive renovation plan that includes an elevator modernization, common area upgrades and an impressive expansion and renovation of the building\u2019s lobby,\u201d said CBRE Vice President Amy Julian. \u201cOwnership\u2019s commitment to making Brickell City Tower best-in-class, as well as a location near the Metrorail station and immediately adjacent to Mary Brickell Village<\/a> and Brickell City Centre<\/a>, will continue to attract new tenants to the building. Square Mile’s ability to replace the current loan and offer additional funding for the ongoing improvements and lease-up costs with an attractive structure helped them win the deal.\u201d<\/p>\n

Brickell City Tower\u2019s distinctive architectural design grants visibility throughout Brickell and Downtown Miami. In addition to its access to Mary Brickell Village, the Brickell Metrorail Station and Brickell City Centre, the property is just blocks from Interstate-95.<\/p>\n

Brickell City Tower is currently 82 percent leased to 35 high-profile tenants<\/a>, including Uber<\/a> and the South Florida Business Journal among others.<\/p>\n","protected":false},"excerpt":{"rendered":"

The 33-story, 288,314 square-foot Brickell City Tower gets a $60.8 million loan for upgrades and refurbishing.<\/p>\n","protected":false},"author":59,"featured_media":1004141645,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21825,1492,21742,21747],"tags":[],"class_list":["post-1004141640","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-finance","category-miami","category-latest","category-office"],"acf":[],"yoast_head":"\nCBRE Miami Arranges Nearly $61M Refi for Brickell City Tower - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/cbre-miami-arranges-nearly-61m-refi-for-brickell-city-tower\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CBRE Miami Arranges Nearly $61M Refi for Brickell City Tower\" \/>\n<meta property=\"og:description\" content=\"The 33-story, 288,314 square-foot Brickell City Tower gets a $60.8 million loan for upgrades and refurbishing.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/cbre-miami-arranges-nearly-61m-refi-for-brickell-city-tower\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2016-04-13T20:01:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-04T05:55:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/1_454x340.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"454\" \/>\n\t<meta property=\"og:image:height\" content=\"340\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Robert Demeter\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cbre-miami-arranges-nearly-61m-refi-for-brickell-city-tower\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cbre-miami-arranges-nearly-61m-refi-for-brickell-city-tower\\\/\"},\"author\":{\"name\":\"Robert Demeter\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/1b890baecdbd25af52e3a730ac8cff6f\"},\"headline\":\"CBRE Miami Arranges Nearly $61M Refi for Brickell City Tower\",\"datePublished\":\"2016-04-13T20:01:56+00:00\",\"dateModified\":\"2022-03-04T05:55:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cbre-miami-arranges-nearly-61m-refi-for-brickell-city-tower\\\/\"},\"wordCount\":301,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cbre-miami-arranges-nearly-61m-refi-for-brickell-city-tower\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2016\\\/04\\\/1_454x340.jpg\",\"articleSection\":[\"Deals\",\"Finance\",\"Miami\",\"News\",\"Office\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cbre-miami-arranges-nearly-61m-refi-for-brickell-city-tower\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cbre-miami-arranges-nearly-61m-refi-for-brickell-city-tower\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cbre-miami-arranges-nearly-61m-refi-for-brickell-city-tower\\\/\",\"name\":\"CBRE Miami Arranges Nearly $61M Refi for Brickell City Tower - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cbre-miami-arranges-nearly-61m-refi-for-brickell-city-tower\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cbre-miami-arranges-nearly-61m-refi-for-brickell-city-tower\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2016\\\/04\\\/1_454x340.jpg\",\"datePublished\":\"2016-04-13T20:01:56+00:00\",\"dateModified\":\"2022-03-04T05:55:24+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/1b890baecdbd25af52e3a730ac8cff6f\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cbre-miami-arranges-nearly-61m-refi-for-brickell-city-tower\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cbre-miami-arranges-nearly-61m-refi-for-brickell-city-tower\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cbre-miami-arranges-nearly-61m-refi-for-brickell-city-tower\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2016\\\/04\\\/1_454x340.jpg\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2016\\\/04\\\/1_454x340.jpg\",\"width\":454,\"height\":340,\"caption\":\"Brickell City Tower\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cbre-miami-arranges-nearly-61m-refi-for-brickell-city-tower\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"CBRE Miami Arranges Nearly $61M Refi for Brickell City Tower\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/1b890baecdbd25af52e3a730ac8cff6f\",\"name\":\"Robert Demeter\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/f2e4ddc660cf0d4243b4032a150ba1b9a1933224e3dacd59315bee8b1869a756?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/f2e4ddc660cf0d4243b4032a150ba1b9a1933224e3dacd59315bee8b1869a756?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/f2e4ddc660cf0d4243b4032a150ba1b9a1933224e3dacd59315bee8b1869a756?s=96&d=mm&r=g\",\"caption\":\"Robert Demeter\"},\"description\":\"Robert is a copywriter at CommercialCafe and brings 3+ years of experience in commercial real estate. He previously worked as a copywriter at PropertyShark, as a senior associate editor at Commercial Property Executive and Multi-Housing News, and also wrote monthly market reports at Yardi Matrix.\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/robert-demeter-2\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"CBRE Miami Arranges Nearly $61M Refi for Brickell City Tower - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/cbre-miami-arranges-nearly-61m-refi-for-brickell-city-tower\/","og_locale":"en_US","og_type":"article","og_title":"CBRE Miami Arranges Nearly $61M Refi for Brickell City Tower","og_description":"The 33-story, 288,314 square-foot Brickell City Tower gets a $60.8 million loan for upgrades and refurbishing.","og_url":"https:\/\/www.commercialsearch.com\/news\/cbre-miami-arranges-nearly-61m-refi-for-brickell-city-tower\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2016-04-13T20:01:56+00:00","article_modified_time":"2022-03-04T05:55:24+00:00","og_image":[{"width":454,"height":340,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/1_454x340.jpg","type":"image\/jpeg"}],"author":"Robert Demeter","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/cbre-miami-arranges-nearly-61m-refi-for-brickell-city-tower\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/cbre-miami-arranges-nearly-61m-refi-for-brickell-city-tower\/"},"author":{"name":"Robert Demeter","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1b890baecdbd25af52e3a730ac8cff6f"},"headline":"CBRE Miami Arranges Nearly $61M Refi for Brickell City Tower","datePublished":"2016-04-13T20:01:56+00:00","dateModified":"2022-03-04T05:55:24+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/cbre-miami-arranges-nearly-61m-refi-for-brickell-city-tower\/"},"wordCount":301,"commentCount":0,"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/cbre-miami-arranges-nearly-61m-refi-for-brickell-city-tower\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/1_454x340.jpg","articleSection":["Deals","Finance","Miami","News","Office"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.commercialsearch.com\/news\/cbre-miami-arranges-nearly-61m-refi-for-brickell-city-tower\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/cbre-miami-arranges-nearly-61m-refi-for-brickell-city-tower\/","url":"https:\/\/www.commercialsearch.com\/news\/cbre-miami-arranges-nearly-61m-refi-for-brickell-city-tower\/","name":"CBRE Miami Arranges Nearly $61M Refi for Brickell City Tower - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/cbre-miami-arranges-nearly-61m-refi-for-brickell-city-tower\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/cbre-miami-arranges-nearly-61m-refi-for-brickell-city-tower\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/1_454x340.jpg","datePublished":"2016-04-13T20:01:56+00:00","dateModified":"2022-03-04T05:55:24+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1b890baecdbd25af52e3a730ac8cff6f"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/cbre-miami-arranges-nearly-61m-refi-for-brickell-city-tower\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/cbre-miami-arranges-nearly-61m-refi-for-brickell-city-tower\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/cbre-miami-arranges-nearly-61m-refi-for-brickell-city-tower\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/1_454x340.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/1_454x340.jpg","width":454,"height":340,"caption":"Brickell City Tower"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/cbre-miami-arranges-nearly-61m-refi-for-brickell-city-tower\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"CBRE Miami Arranges Nearly $61M Refi for Brickell City Tower"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1b890baecdbd25af52e3a730ac8cff6f","name":"Robert Demeter","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/f2e4ddc660cf0d4243b4032a150ba1b9a1933224e3dacd59315bee8b1869a756?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/f2e4ddc660cf0d4243b4032a150ba1b9a1933224e3dacd59315bee8b1869a756?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/f2e4ddc660cf0d4243b4032a150ba1b9a1933224e3dacd59315bee8b1869a756?s=96&d=mm&r=g","caption":"Robert Demeter"},"description":"Robert is a copywriter at CommercialCafe and brings 3+ years of experience in commercial real estate. He previously worked as a copywriter at PropertyShark, as a senior associate editor at Commercial Property Executive and Multi-Housing News, and also wrote monthly market reports at Yardi Matrix.","url":"https:\/\/www.commercialsearch.com\/news\/author\/robert-demeter-2\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/1_454x340.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004141640","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004141640"}],"version-history":[{"count":2,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004141640\/revisions"}],"predecessor-version":[{"id":1004570441,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004141640\/revisions\/1004570441"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004141645"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004141640"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004141640"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004141640"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}