Finance

Strategic Real Estate Acquires NJ Office Complex

The company received a $53.6 million loan to purchase the more than 320,000-square-foot asset in Morristown. The building counts Travelers Insurance among its tenants.

Office

SoCal Hotel Lands $44M Construction Loan

Acres Capital Corp. will use the financing to complete and stabilize a 233-key property in Arcadia, Calif. Le Meridien by Marriott International is set to be a four-star property.

Hotel

Blackstone’s Credit Arm Closes $4.5B Fund

GSO Capital Partners announced the final closing of the GSO Energy Select Opportunities Fund II, one of the largest energy-focused credit funds in the market.

Finance

Regions

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Exeter Property Group Buys Phoenix Industrial Asset

The company acquired a 123,754 square-foot warehouse in the Southwest Valley submarket. DAUM Commercial represented both buyer and seller in the off-market transaction.
Phoenix 17 June 2019 14:17
New York Self Storage Portfolio Receives $49M Loan

The three properties encompass a total of 176,000 square feet and benefit from strategic positioning in the Bronx, Mt. Vernon and New Rochelle.
New York 14 June 2019 12:19
Brasa Capital Closes First Fund With $120M in Commitments

The investment vehicle, which is targeting middle-market opportunities mainly in the Southern California region, exceeded its fundraising goal by $20 million.
National 14 June 2019 09:35
Magnolia Capital JV Buys Nashville Office Portfolio

The two Class B properties traded for $32 million. The buildings add up to more than 125,000 square feet and are located in the Brentwood submarket.
Nashville Knoxville 13 June 2019 15:54
Bulls Outnumber Bears in CRE C-Suites

Though it acknowledges a wide variety of obstacles and headwinds, Akerman's annual survey indicates a perhaps surprising degree of optimism among executives.
National 13 June 2019 12:39
Fort Lauderdale-Area Mixed-Use Project Lands $121M in Financing

A private REIT is building a master-planned town center development in the heart of Plantation, at the site of a former fashion mall.
Miami 13 June 2019 10:05
Eastdil Secured to Go Private in Management Buyout

The financial services firm will sell its majority stake to Eastdil Secured's management in partnership with Temasek Holdings and Guggenheim Investments. The deal is expected to close later this year.
National 11 June 2019 17:35