Jones Lang LaSalle (JLL) has appointed Erik Jacobs to its Capital Markets Hotels & Hospitality Group as it expands its lending advisory business across Europe.
Jacobs will be cover hotel transactions across the EMEA region from a debt and equity perspective.
Seven loans from a JP Morgan CMBS deal from 2006 have been liquidated, amounting to more than $82m in write-offs, according to data from research firm Trepp.
The CRE Finance Council (CREFC) announced today that it has launched its CREFC Canada Chapter.
pbb Deutsche Pfandbriefbank has provided a SEK 275.5m (€29m) facility to Standard Life Investments' European Real Estate Club fund for the acquisition of a retail park in in Sweden.
The five-year loan will finance the purchase of the 33,400 sq m Länna Retail Park, located just south of Stockholm, from German real estate company IVG.
pbb Deutsche Pfandbriefbank has provided a €110m, long-term refinancing facility to the Marc Asbeck family for a portfolio of office assets located in Bonn, Germany.
The portfolio consists of seven buildings in the prime office location of Bundesviertel, or government quarter. The offices are fully occupied by tenants such as Deutsche Post.
Annaly Commercial Real Estate Group has provided a $592m loan to an affiliate of Blackstone Real Estate Partners (BREP) VIII -- Blackstone Group’s $15.8bn global private equity fund -- and partner Fairstead Capital for the purchase of a 24-building multifamily apartment portfolio in New York City.
A three-party joint venture partnership has secured $360m in financing for the acquisition of the Grolier Building at 575 Lexington Avenue on the east side of Midtown Manhattan.
The continued consolidation of the US healthcare industry is encouraging healthcare REITs to finance newly integrated hospital systems and acquire assets through sale-leasebacks.
Cityhold Office Partnership has secured a €231m, 18-month refinancing facility from ING Real Estate Finance for part of its €2.2bn office portfolio.
The joint venture, formed in September by US teachers' pension fund TIAA-CREF and Swedish National Pension Fund's AP1 and AP2 funds, targets pan-European offices. It is advised by TH Real Estate, which is owned by TIAA-CREF.
Mall at Bay Plaza, the first indoor, enclosed mall to open in New York City in four decades, has secured one of the largest commercial real estate loans to ever hit the Bronx.