Canadian Imperial Bank of Commerce (CIBC) has provided a $55.1 million floating rate loan to Pearlmark for the refinancing of the The Ritz-Carlton, Denver in Colorado.
2 min read · 06 April 2016
Pembrook Capital Management has raised $100 million for the first close of its third commercial real estate debt fund, PCI Investors Fund III, Real Estate Capital has learned.
1 min read · 06 April 2016
Investment allocations outside the traditional commercial sectors (office, retail, industrial) have been increasing by 25 percent year-on-year on average over the past 15 years, according to a report by real estate advisor Savills. The report also highlights the rise in European residential investment specifically.
2 min read · 06 April 2016
Northwestern Mutual has provided a $184 million mortgage on a 677,677 sq ft office tower in Miami, Florida.
2 min read · 05 April 2016
Landesbank Baden-Wurttemberg (LBBW) has provided a $170 million mortgage on six shopping malls in Southern Florida and Atlanta, Georgia.
2 min read · 05 April 2016
Morgan Stanley and Blackstone have provided a $335 million acquisition loan to HNA Capital and MHP Real Estate Services for the acquisition of 850 Third Avenue in midtown Manhattan.
1 min read · 05 April 2016
German lender pbb Deutsche Pfandbriefbank has written a €72.5 million loan to finance the recent acquisition of nine French retail parks by a trio of joint venture partners.
2 min read · 05 April 2016
JLL has expanded its European debt advisory division into providing structured finance services in a bid to augment its existing debt brokerage practice.
3 min read · 04 April 2016
Fitch Ratings expects US CMBS loan defaults to increase in 2016 after five straight years of declines.
1 min read · 04 April 2016
Columbia Property Trust has sold its 653,000 sq ft office property in Baltimore, Maryland and will use the proceeds to repay a $119 million short-term bridge loan and borrowings on its unsecured credit facility.
2 min read · 04 April 2016
