Luxury developer SHVO in a joint venture with Deutsche Finance America and BLG Capital has secured a $545 million loan to finance the redevelopment of 711 Fifth Ave. in Midtown.

Jay Hennick, Global chairman and CEO of Colliers International, says, "The transaction establishes us as a major player in the engineering design and consulting sector in the U.S., providing us with another important engine for growth."

The sale consisted of a 422-room hotel in Atlanta, GA and a 237-room in Washington DC.

Cushman & Wakefield has been retained to arrange the sale of 2265-2267 Second Ave., two mixed-use developments totaling 8,000 square feet in Harlem.