Finance

Developers to Bring $150M Office Project to Atlanta

Atlantic Capital Properties and Gateway Ventures have secured $68 million in financing to build a 175,000-square foot office building in Atlanta’s emerging West Midtown market.

Office

Eastern Union Funding Arranges Financing for MD Storage

Developer Poverni Sheikh Group has received more than $9 million to construct a 950-unit self storage facility in District Heights, Md.

Self Storage

Lightstone Secures Construction Loan for FL Moxy Hotel

Canyon Partners Real Estate and CapitalSource provided an equity and debt package for the 202-key Moxy South Beach. This marks Canyon's second investment with Lightstone.

Hotel

Regions

Change City

Sizing Up the Opportunity Zone Council

Multifamily and commercial real estate tax experts say they are generally pleased but express concerns about how the program will be regulated and implemented.
National 13 December 2018 09:26
Fenway Capital Lands Refi for San Diego Office Property

A CBRE Capital Markets Debt & Structured Finance team arranged the $8.3 million loan, which will go toward providing future funds for tenant improvements.
San Diego 13 December 2018 09:18
Sabal Capital Names New President, COO of Lending

A veteran real estate finance executive, Jason Pendergrist joins the firm from Banc of California, where he served as executive vice president & head of real estate and commercial banking.
Los Angeles 12 December 2018 12:46
Samitaur Constructs Obtains $232M for Creative Office Portfolio

Square Mile Capital Management LLC and Deutsche Bank originated the financing for the company’s 319,000-square-foot collection of assets in Culver City, Calif.
Los Angeles 10 December 2018 13:41
LA Hotel Redevelopment Lands $51M Financing

HFF worked on behalf of Oceans V to obtain the construction loan, which will help transform a vacant office building into a 180-key Cambria Hotel & Suites.
Los Angeles 10 December 2018 12:02
Square Mile Provides $161M Loan for NYC Office Tower

Borrowers Rockwood Capital and Midtown Equities utilized the financing for the acquisition and repositioning of One Broadway, a 253,000-square-foot, landmark building in downtown Manhattan.
New York 07 December 2018 12:51
Ares Management Closes $1B Fund

The firm’s ninth investment vehicle is significantly larger than the fund that closed in 2014, on the strength of support from both current and new investors.
National 07 December 2018 12:26