How Your Neighbors Can Increase (or Destroy) Your Equity
Ask any appraiser what drives a home’s market value, and they’ll point to square footage, recent comps, and structural condition. But ask anyone who has … Continued
Category : Debt & Equity
Criterion JV refinances 22-property outdoor storage portfolio with $132.3M loan from Axos Bank
JLL Capital Markets announced today that it arranged a $132.3 million refinancing for a 22-property industrial outdoor storage portfolio located across 230 acres in nine states. JLL worked on behalf of the borrower, a joint venture between Criterion Group and Columbia Pacific Advisors, to secure the five-year, floating-rate loan through...
JLL arranges $220M financing, equity for downtown Manhattan office-to-apartment conversion
JLL arranges $220M financing, preferred equity for downtown Manhattan office-to-apartment conversion JLL’s Capital Markets group announced today that it has secured $220 million in financing and advised on the procurement and structuring of the equity for the conversion of 55 Broad St., a 30-story office tower located in New York...
Lonicera Partners and Rabina Secure JV Equity and Financing for Downtown Brooklyn Apartment Development
JLL Capital Markets has arranged the capitalization of 55 Willoughby, a 268,000-square-foot, mixed-use luxury development in Downtown Brooklyn that will feature 295 apartments and 3,500 square feet of retail space. JLL worked on behalf of the borrower, a joint venture of Lonicera Partners and Rabina, to secure a floating-rate loan...
DH Property Holdings Secures $88M Loan For 53-Acre Industrial Outdoor Storage Site
DH Property Holdings, LLC, a leading developer and owner of urban infill industrial logistics facilities, secured $88 million from Apollo Global Management subsidiary Athene, to refinance and make capital improvements to 1900 South Avenue in Staten Island, New York. The property is the largest privately-owned industrial site in New York...
WALKER & DUNLOP ARRANGES DEBT AND EQUITY FOR $146 MILLION STATE-OF-THE-ART LOGISTICS FACILITY IN QUEENS, NY
Walker & Dunlop, Capital Markets announced today that it arranged a $94 million construction financing to facilitate the development of Wildflower Ltd.’s $146 million College Point Logistics Center, a Class A logistics warehouse development located on the Whitestone Expressway (I-678) in College Point, Queens, NY. The company represented Wildflower Ltd. and its...
Acadia Realty Trust and DLC Management Secure $36M Loan to Recapitalize Grocery-Anchored Shopping Center
JLL Capital Markets has closed on a $36.1 million loan facility to recapitalize and reposition The Shoppes at South Hills, a 512,218-square-foot, grocery-anchored shopping center and future self-storage facility in Poughkeepsie, New York. JLL exclusively represented joint venture partners Acadia Realty Trust and DLC Management to secure a five-year, non-recourse,...
Avison Young’s Andy and Scott Singer honored by Israel Bonds with Lifetime Achievement Award and Israel Peace Award, respectively
Andy and Scott Singer, Principals and Co-leaders of Avison Young’s Tri-State Debt & Equity Finance team, were recently honored by Development Corporation for Israel/Israel Bonds Real Estate & Allied Industries Division at the organization’s annual event at Cipriani 42nd Street in New York. The father and son duo were presented with Israel Bonds’...
PA-based investor secures $27M loan for first Manhattan apartment buy
JLL Capital Markets announced today that it has arranged $26.85 million of acquisition financing for The Nathaniel, a grocery-anchored, 85-unit apartment building located at 138 East 12th St. in the East Village neighborhood of Manhattan. JLL worked on behalf of the buyer, Westover Companies, a Pennsylvania-based owner and manager making...
JLL arranges $140M construction financing for latest mixed-use Gowanus development
JLL Capital Markets announced today that it has arranged $142 million in construction financing for Majestic, a ground-up, Class A mixed-use development with 255 multi-housing units and 18,000 square feet of commercial space, located at 540 DeGraw St. in the rezoned Gowanus neighborhood of Brooklyn. JLL worked on behalf of...