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Owners CBRE IM and Brookfield in February lined up a $215m refinancing for the property via Nuveen and Torchlight Capital.
On The PERE Podcast, Greg Dool, Samantha Rowan and Guelda Voien break down a pair of deals that signify a renaissance for the once-exiled sector.
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The loan will be backed by 93 shopping centers, totaling 10.5 million square feet.
Shopping
Retail-focused manager RCG Ventures has closed on the first phase of its deal to take private 100 assets owned by listed REIT Global Net Lease.
Shopping trolley with a giant blue lightning symbol in it
Necessity- and grocery-anchored properties are the winners as the retail sector re-emerges.
Rendering of Fenton in Cary, North Carolina
The capital will be used by Hines, Affinius Capital and Columbia Development for master-planned community near Downtown Raleigh.
Skyline of Newark, New Jersey and its reflection on the water.
The Newark-based manager has been refinancing sizable portfolios and tacking on more concentrated one-off deals to fuel momentum.
Puente Hills Mall, a roughly 56-acre mall in the City of Industry, California which is best known as a filming location in Hollywood blockbuster Back to the Future, is set to undergo a major redevelopment.
Tishman Speyer purchased 422 Fulton Street, a Brooklyn mixed-use property housing a Macy’s department store, in 2015.
The Houston-based REIT believes secular shifts are driving momentum around smaller retail assets.  

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