Dallas Apartment Builder Inks $78.7M Refi
JLL Capital Markets arranged a $78.7 million construction takeout financing for The Flynn at Live Oak, a five-story, 327-unit newly completed luxury multifamily community in Dallas, Texas. JLL represented the borrower, Conor Commercial Real Estate and Globe Corporation, in securing the loan
Is the Market Mispricing the Rate Hike Probability?
Executive Summary Inflation expectations have fallen sharply following last week’s benign CPI and PPI prints, yet the market continues to price a meaningful probability of an interest rate hike by the Federal Reserve — a disconnect that appears mispriced. On balance,
KREF Explores Sale After Posting $122M Loss
KKR Real Estate Finance Trust is exploring a potential sale, the company announced as part of its reporting of weak second-quarter results Wednesday.
Collectible Toy Stores Could Become One of Retail’s Most Powerful Traffic Drivers
Retail has been searching for a solution to the foot traffic problem for the better part of a decade. E-commerce has been slowly eating market share from brick-and-mortar stores. A long string of closures left shopping centers with the difficult
Mortgage REIT Backed by KKR Explores Exit Amid Sector Losses
KKR Real Estate Finance Trust announced Tuesday it has formed a special committee to review strategic alternatives, including a potential sale, merger, asset sale, or business plan overhaul. The commercial mortgage REIT provided no timeline for the review and said
First Steve Ballmer-Backed Housing Project Breaks Ground
Addison Grove, a 102-unit affordable apartment community in Puyallup, Washington, broke ground last week using a financing model that bypasses the federal Low-Income Housing Tax Credit program. The 122,189-square-foot project is the first to draw on the Washington Family Housing
United Talent Agency Will Relocate NYC Offices to Empire State Building
United Talent Agency (UTA) and Empire State Realty Trust, Inc. announced that the agency will move its New York offices to the Empire State Building next summer. The new office will feature 100,948 square feet across four floors and will