Mall Giant Macerich Closes $710M Refi for Tysons Corner Center in NoVA
Macerich has secured a massive refinancing deal for its joint venture that owns Tysons Corner Center shopping mall in Tysons, Va. The $710 million commercial mortgage-backed securities (CMBS) loan,...
View ArticleThor Equities Secures $36M to Refinance Fort Lauderdale’s Beach Place Retail
Deutsche Bank provided $36 million to refinance Beach Place, a beachfront retail property in Fort Lauderdale, Fla. Thor Equities owns the 96,000-square-foot asset, which was 98 percent leased when the...
View ArticleDeutsche Bank Refis South Florida Mixed-Use Asset With $133M Loan
EB-5 investment firm Gold Coast Florida Regional Center has landed a $133.4 million loan to refinance a mixed-use asset in Hollywood, Fla., Commercial Observer has learned. Deutsche Bank provided the...
View ArticleCMBS Loan on 280 Park Avenue Hits Special Servicing, Modification in the Works
The $1.1 billion commercial mortgage-backed securities (CMBS) loan backed by SL Green Realty and Vornado Realty Trust’s 43-story office building at 280 Park Avenue has transferred to special servicing,...
View ArticleGerman Capital Flow Into U.S. Commercial Real Estate Drops Sharply
After emerging as one of the biggest global buyers of core U.S. commercial real estate assets following the Global Financial Crisis, German institutional investors have drastically adjusted their focus...
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How James Millon, Tom Traynor and Tom Rugg Turned CBRE Into a Large Loan...
Opportunity, as personified in Greek mythology by the youthful god Caerus, has always been viewed as fleeting. But for CBRE’s nine-person Global Institutional Debt Advisory Group — which has closed...
View ArticleMCR Hotels Refinances Hotel Portfolio With $333M CMBS Loan
MCR Hotels — the nation’s third-largest hospitality owner and operator — has secured $333 million to refinance a 16-hotel portfolio of Hilton and Marriott properties that encompasses 2,274 rooms...
View ArticleLaw Firm Gunster Renews 22K-SF Office in Downtown Fort Lauderdale
Law firm Gunster inked a 22,000-square-foot renewal for its office at Las Olas Centre in Downtown Fort Lauderdale, the tenant’s broker announced. The law firm moved into the nine-story building nearly...
View ArticleDeutsche Bank Refis Charlotte Mixed-Use Tower With $72M Loan
Panorama Holdings has nabbed a $71.5 million loan to refinance a mixed-use property in Charlotte, N.C., Commercial Observer can first report. Deutsche Bank supplied the loan on the sponsorship’s...
View ArticleDeutsche Bank Refis Vegas Hilton-Branded Hotels With $46M Loan
DG Development has nabbed a $46 million loan to refinance a dual-branded Hilton hotel development adjacent to the Las Vegas Convention Center, Commercial Observer can first report. Deutsche Bank...
View ArticleLincoln Property Company Lands $65M Refi for L.A. Office Complex
The owner of Wateridge, a six-building office and retail campus with 583,580 square feet on Los Angeles’ Westside, has secured refinancing, JLL announced Tuesday. An affiliate of Lincoln Property...
View ArticleSL Green, Vornado Extend $1B Senior Loan at 280 Park, Buy Back Mezz at Discount
SL Green and Vornado Realty Trust, Manhattan’s two largest office landlords, announced Wednesday that they have modified and extended a $1.075 billion mortgage secured by 280 Park Avenue, 60-year old,...
View ArticleMadison Realty Capital Adds Samir Tejpaul to Lead Capital Markets Business
Madison Realty Capital has hired Samir Tejpaul from Affinius Capital as head of capital markets, the private equity firm announced Monday. Tejpaul spent the last six years at Affinius (previously...
View Article2024 Power Finance
“I ain’t afraid of no ghost,” was the mantra of Peter Venkman, Egon Spengler, Ray Stantz and Winston Zeddemore in the 1984 film “Ghostbusters.” The thesis of the movie resonated as we compiled this...
View ArticleCommercial Real Estate Financiers Pivot Plenty in Changing Debt Markets
For fans of the 1990s sitcom “Friends,” the the word “pivot” will forever be associated with Ross, Rachel and Chandler’s fruitless attempt to move a couch up a winding stairwell. The phrase has taken...
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