25 stories on refinancing in commercial real estate.
Gantry secured a $22M five-year fixed-rate loan for Chesterfield Commons, a 750,000 SF St. Louis power center anchored by Walmart, Sam's Club, Lowe's, Best Buy, and Ross.
JLL Capital Markets arranged $74.5M in refinancing for the Shops at Stonefield, a 267,294 SF Trader Joe's-anchored center in Charlottesville, VA.
JLL Capital Markets arranged a $7.5M fixed-rate permanent loan to refinance 200 Pine Avenue, a 64,376-square-foot retail and office building in Long Beach, CA.
SL Green, Hines, and NPS of Korea secured a $1.65B refinancing for One Madison Avenue, a 1.4M-sq-ft fully leased Midtown South office tower.
JLL arranged $59M in refinancing for a 647,717 SF industrial portfolio owned by Brennan Investment Group and RGA across Chicago and Cincinnati.
The Federal Reserve paused its rate-cutting cycle amid conflict-driven economic uncertainty, extending the period of elevated borrowing costs for commercial real estate.
Deutsche Bank's latest assessment suggests the commercial real estate industry continues to face significant challenges, with no immediate relief in sight for investors and lenders. The report highlights lingering concerns over valuations and refinancing risks in the current economic climate.
Gantry arranged $25.5M in permanent financing for Riverside Logistics Centre II, a 328,000 SF multi-tenant industrial facility in Riverside, Missouri.
Gantry arranged $13.5M in permanent financing for a fully leased, 14,500 SF office and retail building at 384 University Ave. in downtown Palo Alto.
JLL arranged a $125.5M Freddie Mac refinance for Union Channel, a 224-unit multifamily tower in Brooklyn's Gowanus Wharf development.
Gantry arranged $42.8M in permanent loans for four retail centers across California, Illinois, Oregon, and Wisconsin for Rhino Investments Group.
Fortress Investment Group originated a $96M loan for Cityview's Jasper, a 296-unit apartment complex in Downtown Los Angeles that opened in 2023.