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Jones Lang LaSalle Chosen as Leasing Agency at 1177 Avenue of the Americas
Silverstein Properties has appointed a leasing team from the real estate services firm Jones Lang LaSalle to handle deals at 1177 Avenue of the Americas. A lot appears to be riding on the assignment....
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Head of the Class: Teachers Retirement Fund TIAA-CREF Making Waves in New York
Though not a traditional owner-operator, TIAA-CREF has begun to draw the attention of the real estate industry in recent months for a bevy of deals, including its acquisition of a stake in the Frank...
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$310 M. 120 Broadway CMBS Loan Closes
Mortgage Observer Weekly has learned that a $310 million CMBS loan on 120 Broadway closed last week, likely at a rate in the mid-2 percent range. Wells Fargo originated the loan. A previous CMBS loan...
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How Will Silverstein Fund 2 World Trade Center?
Larry Silverstein. (Adam Jones) The new World Trade Center retains an air of mystery around its financing, among other things. The multibillion dollar financing of 2 World Trade Center is the latest...
View ArticleBelay and Arc Capital Gear Up for $425M Acquisition Spree in US Southwest
Belay Investment Group has provided Arc Capital Partners a $100 million investor allocation to back the firms’ joint plans to buy up to $425 million of urban real estate in America’s sunbelt, ArcWest—a...
View ArticlePGIM Lends $240M on Pension Fund’s Buy of Major Houston Office Building
California State Teachers’ Retirement System (CalSTRS), along with Beacon Capital Partners, nabbed $240 million in acquisition debt from PGIM Real Estate Finance to help finance its purchase of a...
View ArticleCalif. Teacher Pension System Secures $992M for Mixed-Asset Portfolio
The California State Teachers’ Retirement System (CalSTRS) has secured $991.8 million in financing for a 17-property mixed-asset portfolio that spreads across seven states. The 10-year, fixed-rate loan...
View ArticleMassive Downtown LA Office Complex Gets $550M CMBS Refinance
One theme of the COVID-19 era in commercial real estate is that robust sponsors with strong assets will still get the financing they need, despite freezes in certain financial subsectors. The owners of...
View ArticleAmazon Signs 202K SF Distribution Lease in SoCal
Amazon is first for last-mile real estate. The ecommerce giant signed a lease to take over a 202,421-square-foot industrial building in Ventura County. Records show the California State Teachers...
View ArticleDivcoWest Refinances New Boston Lab and Office Buildings With $1.2B Loan
A collection of four lenders have come together to originate a $1.23 billion loan to refinance developer DivcoWest’s 350 Water Street and 450 Water Street, two newly built life sciences and office...
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