Strategic Hotels & Resorts acquired the 250-room Pacific Ocean-facing Montage Laguna Beach luxury resort in Laguna Beach, California from an affiliate of Ohana Real Estate Investors for $360m. As part of the deal the firm assumed a $150m fixed-rate mortgage loan from Mass Mutual Life, priced at 3.9% and maturing in August 2021.
2 min read · 30 January 2015
Bank of America Merill Lynch has priced its €286.4m Taurus 2015-1 IT CMBS, which is secured against Italian assets.
2 min read · 30 January 2015
Natixus Real Estate Capital provided a $59.6m loan to Savanna for the acquisition of a new retail property in Manhattan’s Meatpacking District, according to city property records. Savanna, a New York-based real estate private equity and asset management firm, paid $86m for the property at 461 West 14th Street, the records show.
1 min read · 29 January 2015
MetLife, through MetLife Real Estate Investors, originated approximately $12.1bn globally in commercial real estate loans in 2014, topping 2013’s $11.5bn and setting a company record. Of the $12.1bn total, $8.6bn were US loans, the firm told Real Estate Capital. As it expanded its international efforts, MetLife also originated more than $2.1bn in the United Kingdom; […]
2 min read · 29 January 2015
The Blackstone Group is on the cusp of breaking a fundraising record with its latest real estate opportunity vehicle, Blackstone Real Estate Partners (BREP) VIII, Real Estate Capital’s sister magazine PERE can reveal.
3 min read · 28 January 2015
MetLife provided a $267m loan to Mirae Asset Global Investments for the acquisition of 1801 K Street in the nation’s capital, Washington, D.C. 1801The five-year, fixed-rate loan represents 60 percent of the $445m the South Korea-based investor paid for the 13-story office property. The seller, Somerset Partners, and architect Skidmore, Owings and Merrill completed a redesign and redevelopment of the 563,000 sq ft asset, located in D.C.’s Central Business District in 2009.
1 min read · 28 January 2015
Deutsche Pfandbriefbank has written a cheque of more than €100m to finance the development of a mixed-use project in Hamburg.
1 min read · 28 January 2015
DRC Capital has completed two deals in the UK, for Draco Property and for a joint venture between Oaktree Capital Management and Patrizia Immobilien, Real Estate Capital can reveal. Lattanzio, Dale – CAP13 SThe real estate debt fund manager, run by managing partner Dale Lattanzio (pictured) and partners Rob Clayton and Cyrus Korat, is deploying capital from its high-yielding £487m European Real Estate Debt Fund II which reached a final close in May last year and issues whole and mezzanine loans.
3 min read · 28 January 2015
BNP Paribas has provided €739.5m of fresh debt to refinance a French residential vehicle and its 7,140 unit portfolio. The finance has been issued to Powerhouse France, which is managed by TwentyTwo Real Estate. TwentyTwo Real Estate is the company set up in 2012 by former Perella Weinberg partner Daniel Rigny.
2 min read · 28 January 2015
ING and LBBW have jointly arranged a £325m loan to refinance Sea Containers House on London’s South Bank, Real Estate Capital can reveal.
2 min read · 28 January 2015
