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The refinancing will enable Denholtz to complete an extensive renovation plan throughout the portfolio that includes replacing all parking areas and roofs, as well as facade repairs to each building.
The CRE community feels that 150 basis point increase is about as high as it can tolerate before material adverse effects set in, according to Seyfarth Shaw's Real Estate Market Sentiment Survey.
HALL Structured Finance has opened a Reg. A debenture offering in an effort to raise $50 million in investments to meet the growing demand for construction financing.
A recent office analysis shows a strikingly vulnerable national office sector with vacancies that have remained essentially unmoved in the past two years and rent growth slowing to its weakest pace in five years.
Economic tailwinds, compelling yields and demand that is outpacing new supply all bode well for the office sector this year, according to new research from Marcus & Millichap.