Dacra, Raycliff Land $125M Loan for Design District Office Tower
The loan follows a $31.1M city construction permit pulled a week earlier, tying the financing directly to a project now cleared to break ground.
Financing, acquisitions, joint ventures, and fund closes.
The loan follows a $31.1M city construction permit pulled a week earlier, tying the financing directly to a project now cleared to break ground.
Ken Griffin threatened to leave New York over a tax fight, then stayed in as a 60% partner on 350 Park Avenue while Miami's Citadel Tower advances in parallel.
A developer shopping a data center construction loan now has an actual counterparty list, and a vehicle-type breakdown showing where the real money sits.
Goldman Sachs is buying sale-leaseback firm LCN Capital Partners for up to $410M, a bigger counterparty for owners facing 2026-27 debt maturities.
Richman Group refinanced three stabilized Florida apartment towers, including Miami-Dade's Vista Sur, for $225M at rates from 5.74% to 6.15%.
Mezzanine debt to finish a condo tower mid-construction is what the South Florida capital stack costs right now.
A decade-old institutional owner cashed out of a fully leased Sunrise warehouse at a price that pencils Broward infill industrial for buyers today.
Vornado, Citadel and Rudin lined up a $3.3B construction loan for 350 Park Avenue, showing office capital is open only for fully pre-leased trophy towers.
A hedge-fund fortune is converting two Manhattan buildings into a life-sciences campus, and the demand behind it is medical, not commercial.
A nine-figure C-PACE close shows how developers are using the tool to cheapen the capital stack on specialized, pre-leased product.
The largest pure-play infill Southern California industrial owner just wrote down its own portfolio. Cash rents on renewals are down 11.3 percent.
Even trophy beachfront hotels are getting pulled into workout, and the fight is over loan terms, not performance.
Mid-Wilshire office is repricing to land value, and the lender is now the one deciding what happens next.
A full-building backfill of a Google exit is the cleanest evidence yet that Silicon Valley's best office stock is clearing.
A 112-acre infill megasite edges toward a clean owner, on terms where the city lends the buyer most of the money.
Google keeps shedding Bay Area office space, and this time a hockey team is the buyer.
When buying beats building, the math bends toward existing towers, and Chicago's supply drought makes them scarce.
A vote of confidence in downtown rentals just as new supply dries up and the maturity wall forces owners to recut 2019 debt.
A clean read on the office bifurcation: new, fully leased, blue-chip-tenanted space trades near replacement cost while commodity space languishes.
The maturity wall is real, but for stabilized 2019-2023 product, the refinancing window is reopening.
An owner-user, not a fund, set the benchmark at $215 a foot. That is the trophy-office recovery, such as it is.
A Houston office park changes hands out of bankruptcy, a reminder that distress is still clearing the market's weakest assets.
The 176-unit Civic Lofts changed hands for $30 million, less than half the $63 million paid at the 2021 peak, as rising vacancy resets values in Denver's core.