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Office: rates & lending – page 2
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Corebridge Financial Refis Meatpacking Office Property With $293M LoanA joint venture between Aurora Capital Associates and William Gottlieb Real Estate has sealed a $293 million loan to refinance a mixed-use asset in Manhattan’s Meatpacking District, according to a release.
Representative image$420M CMBS Loan Backed by 51 West 52nd Exits Special Servicing, Secures ExtensionA $420 million commercial mortgage-backed securities (CMBS) loan secured by 51 West 52nd Street — a 38-story tower with 893,000 square feet of office space in Midtown — will exit special servicing after sponsor Harbor Group International closed a loan extension.
PGIM Refis Manhattan Office-to-Storage Conversion With $57M LoanA joint venture between Mequity Companies and Flatiron Equities Real Estate has sealed a $57 million loan to refinance an office-to-storage conversion project in Midtown Manhattan, Commercial Observer has learned.
HPP, Blackstone Nab Extension On $1.1B Loan Tied To 2.2M SF Hollywood PortfolioThe investors secured another year to pay off the mortgage tied to a 2.2M SF studio and office portfolio.
Representative imageFoundation 8 Receives $44.5M Loan for Office Component of Mixed-Use Tower in Downtown PhoenixPHOENIX — Foundation 8 has received a $44.5 million loan secured by the office component of 333 N. Central Avenue, a mixed-use tower in downtown Phoenix.
333 N. Central Office Investor Snags $44.5M FinancingFoundation 8 and Hilco Global Real Estate Capital closed a $44.5 million loan secured by the office component of 333 N Central Avenue, a mixed-use tower in Downtown Phoenix.
Representative imageBWE Secures $71M in Acquisition Financing for Las Vegas Multifamily PortfolioLAS VEGAS — BWE has secured $71 million for the acquisition of 536 multifamily units in Las Vegas. Jake Roberts of BWE originated the financing on behalf of a high-net-worth family real estate office and a longtime client of BWE.
Representative imageGlobal Holdings Receives $382.4M Loan for Refinancing of Midtown Manhattan Office BuildingNEW YORK CITY — Locally based owner-operator Global Holdings has received a $382.4 million loan for the refinancing of 120 Park Avenue, a 620,000-square-foot office building in Midtown Manhattan. Wells Fargo and LBBW co-provided the loan.
Nuveen Green Capital Supplies $93M C-PACE Loan for Cleveland Office Conversion to W HotelThe increased utilization of Commercial Property Assessed Clean Energy (C-PACE) debt for conversion projects has reached new heights with Cleveland’s fifth-tallest building.
Cantor Fitzgerald Provides $141M CMBS Loan for Raleigh Office ComplexA joint venture among East West Partners, CBC Real Estate and Affinius Capital has secured $141 million to refinance a 535,000-square foot office campus in Raleigh, N.C., that serves as the global headquarters of Bandwidth, a publicly traded technology firm.
Representative imageWaterfall Asset Management, Delaware Life Provide $64.7M Refinancing for Office Property in Torrance, CaliforniaTORRANCE, CALIF. — Waterfall Asset Management, an alternative investment manager, and Delaware Life have provided a $64.7 million loan facility for the refinancing of The Torrance, a Class A office property in Torrance.
Global Holdings Lands $382M Refi for Midtown TowerPrivate equity firm Global Holdings has secured a $382.4 million refinancing loan for its Midtown Manhattan office tower at 120 Park Ave., with Wells Fargo and German bank LBBW originating the note.
Representative imageRelated Secures $65M Refi for Office Property in L.A.’s South BayThe owners of a 301,000-square-foot Class A office property in Los Angeles’ South Bay have secured refinancing for the property.
Investor Duo Inks Refi on 301K-SF Torrance Office PropertyWaterfall Asset Management and Delaware Life closed on a $64.7 million loan facility to refinance The Torrance, a 301,000-square-foot Class A office property in Torrance, California.
Downtown D.C. Office Conversion Secures $176M Loan, New Majority PartnerOne of Washington, D.C.’s largest office-to-residential redevelopments has secured a new majority partner and $175.6 million in construction financing.
Georgetown Waterfront Office-To-Condo Conversion Lands FinancingOne Street Commercial Properties has inked the capital necessary to turn the 70K SF office building at 3333 K St. NW into 22 for-sale condo units and retail.
Tishman Speyer Completes $340M Refinancing of West Loop Office ComplexTishman Speyer has refinanced The Franklin, a two-tower office complex in Chicago’s West Loop, with a $340 million CMBS loan. The loan was led by JPMorgan with Bank of America and Deutsche Bank serving as co-lenders.
Representative imageJLL Arranges Loan for Refinancing of 121,115 SF Office Building in Southwest AustinAUSTIN, TEXAS — JLL has arranged a loan of an undisclosed amount for Rollingwood III, a 121,115-square-foot office building in southwest Austin.
Bank OZK Lends $76M for Connecticut Office-to-Resi ConversionA joint venture between Saber-Hightower and Granoff Real Estate has sealed $75.5 million of construction financing for an office-to-residential conversion project in Connecticut’s Fairfield County, Commercial Observer has learned.
Representative imageAffinius Capital Provides $35M Loan for Refinancing of Metro Houston Retail, Office PropertyCYPRESS, TEXAS — New York City-based Affinius Capital has provided a $35 million loan for the refinancing of Village Green at Bridgeland Central, a 198,000-square-foot retail and office property located in the northwestern Houston suburb of Cypress.