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Helaba finances Harbor’s London office purchase

Floating-rate five-year loan has a 65% LTV ratio.

Northwestern Mutual provides $184m loan on Miami office tower

Northwestern Mutual has provided a $184 million mortgage on a 677,677 sq ft office tower in Miami, Florida.

Columbia Property Trust repays $119m loan with Maryland office sale

Columbia Property Trust has sold its 653,000 sq ft office property in Baltimore, Maryland and will use the proceeds to repay a $119 million short-term bridge loan and borrowings on its unsecured credit facility.

Thai REIT seeks $283m for Bangkok offices

Thailand’s Golden Ventures REIT aims to raise 10 billion baht ($283 million; €258 million) to invest in the leasehold rights of two Grade A office buildings in Bangkok’s prime area. The REIT was set up by Univentures and Golden Land, two of Thailand’s major property developers.

Tristan buys in Poland with €71m pbb backing

Tristan Capital and Avestus Capital Partners have jointly purchased an office park in Poland with a €71m five-year loan from pbb Deutsche Pfandbriefbank.The new facility will be used to acquire Enterprise Park and adjacent development land in Kraków.

BNP agrees £105m first sole UK underwrite this year

BNP Paribas has cemented a comprehensive return to European property lending with its first sole UK underwrite this year, for Tisman Speyer. The French bank is financing Tishman’s £210m purchase of The Point in London’s Paddington Basin redevelopment area. The 232,772 sq ft, grade A office building is an investment for Tishman’s open-ended European core, […]

JPMorgan arranges $240m in loans for Boston office building

JPMorgan Chase Bank has provided a five-year, $190m loan on CV Properties’ new One Channel Center office building in South Boston.The bank placed an additional $50m mezzanine loan through global investment management company BlackRock.One Channel Center (Credit: David Ryan, The Boston Globe). One Channel Center (Credit: David Ryan, The Boston Globe). The debt replaces $170m of construction financing that the lenders provided two years ago and allows for a recapture of equity.The 500,000-square-foot, 12-storey office building and an adjoining 970-car garage is fully-leased to financial services giant State Street, which opened the new building last month. Completed last year, it can house more than 3,500 employees.One Channel Center is part of the broader Channel Center project, a 2m-square-foot mixed-use development with office, residential and retail, and plans for at least two open space parks.CV Properties bought an undeveloped portion of Channel Center from Beacon Capital Partners LLC in 2007 for a reported $21.5 million, overseeing the development and redevelopment of about 1m square feet with the backing of capital partner AREA Property Partners, which was later acquired by Ares Management.CV Properties and JP Morgan Chase Bank declined to comment.

Lone Star lines up banks for €350m CBRE Dutch offices acquisition

Credit Suisse and BAWAG are said to be lined up to provide circa €245m of financing for Lone Star’s purchase of a Dutch office portfolio from CBRE Global Investors. Lone Star acquired the good-quality assets from CBRE Global Investors’ €1.56bn CBRE Dutch Office Fund for a purchase price of around €350m. Leverage equates to about […]

GE Capital finances $109m New Jersey Meadowlands acquisition

Vision Properties has closed a circa $76m, 10-year loan with GE Capital Real Estate to finance its $108.7m acquisition of the Metropolitan Center at One Meadowlands Plaza in East Rutherford, New Jersey. The firm purchased the 15-storey LEED Gold office tower, with an unnamed capital partner, from a real state investment trust run by KBS […]

Silverstein seeks private funding for 3 World Trade Center

Developer Larry Silverstein is on the lookout for roughly $1.2bn in financing to complete 3 World Trade Center now that an agreement brings new life to the stalled tower. After months of negotiations, Silverstein and The Port Authority of New York and New Jersey reached an agreement this week that immediately frees up $159m in […]

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