Finance

Nashville Hotels Change Hands

Wheelock Street Capital sold the two-property portfolio to The Gehr Group approximately five years after acquiring the assets for $18.6 million.

Hotel

FL Self Storage Receives $7M Refi

Aztec Group arranged the loan through Benefit Street Partners LLC on behalf of Jacksonville Self Storage LLC. The facility is in Jacksonville, Fla., around 8 miles from the city’s downtown.

Self Storage

Redeveloped Long Island MOB Lands $38M Financing

Once home to BAE Systems, the former industrial property now houses Mount Sinai Health System’s imaging, primary care, pediatric and concierge medicine services.

Healthcare

Regions

Change City

Madison Capital JV Refinances Historic Manhattan Asset

PGIM provided the loan, which will enable the partnership to complete renovations at the landmark building in the Flatiron district.
New York 18 October 2018 09:54
Salt Lake City-Area Retail Center Lands $69M Refi

Dallas-based TriGate Capital received the financing for the 726,000-square-foot, Harmons-anchored property in Taylorsville, Utah. HFF secured the 3-year, floating-rate loan.
Salt Lake City 18 October 2018 09:26
Navigating Construction Loans, Part 2

In the second installment of this series, Avison Young's Jay Maddox describes various guarantees typically required by construction lenders, as well as approaches that borrowers can deploy to protect themselves.
National 17 October 2018 16:13
How Sears’ Bankruptcy Filing Will Influence Retail

While some malls may be hit hard, others will look to redevelop the anchor spaces with different uses, such as apartments, hotels, restaurants, offices and entertainment offerings.
National 17 October 2018 11:17
Uptown Charlotte Office Building Receives $59M Refi

An HFF debt placement team represented the borrower in securing the four-year, floating-rate loan. PCCP provided the financing for 300 South Brevard.
Charlotte 16 October 2018 06:13
Greysteel Arranges Financing of Houston Storage Facility

The company’s Dallas office secured the non-recourse bridge loan for a 463-unit facility, which Extra Space Storage will manage.
Houston 15 October 2018 14:40
DC Retail Center Lands $61M Financing

Walker & Dunlop arranged the loan for The Shops at Dakota Crossing, a 140,000-square-foot retail center. This will replace the existing construction capital stack with a stretch senior bridge loan.
Washington Dc 12 October 2018 12:04