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NEW YORK CITY—The deal, arranged by NKF Capital Markets, is structured as a 10-year fixed rate interest-only rate loan that replaces a $217-million loan from New York State Teachers' Retirement System.
HELSINKI—Valued at approximately US$2 billion, the investment in Sponda will give Blackstone control of a 13-million-square-foot retail and office portfolio in Finland's major cities.
SOUTHERN CALIFORNIA—As investors have been squeezed of yield, they are looking at qualified secondary/tertiary submarkets that can produce the cash flows they are seeking, ABI Multifamily's Thomas Brophy tells GlobeSt.com.
LAS VEGAS—Dorsky + Yue tells GlobeSt.com about taking underperforming retail developments and using them to instead create a memorable experience for communities.
CHICAGO—The high cost of new development, coupled with the level of demand for new apartments, means even more developers will seek to buy out condominium associations.
CHICAGO—The rise of Donald Trump, along with the advent of Brexit, among other factors, may not mean globalism is dead, but experts say it could reset the supply chain.
WASHINGTON, DC--A source tells us that Norges is partnering with the Toronto-based Oxford Properties to buy 900 16th St., NW for $160 million, or $1,250 per square foot, from JBG Cos. and ICG.