U.S. hotel gross operating profit per available room improved slightly from prior months in January, but remains in the low single digits, reported STR, Hendersonville, Tenn.
Tag: Cushman & Wakefield
‘A Relative Holding Pattern’ For Offices
The office market has seen less deterioration during the pandemic recession than it did during the Great Recession, but it’s not out of the woods yet, reported Moody’s Analytics REIS, New York.
Dealmaker: Cushman & Wakefield Arranges $360M Refinancing for 100 Park Avenue
Cushman & Wakefield, Chicago, arranged $360 million to refinance 100 Park Avenue, a 36-story office property in Midtown Manhattan.
Office Sector Still Reeling From Recession
Cushman & Wakefield, Chicago, reported the recession that began in March is still being felt in the U.S. office market.
Dealmaker: Nuveen Real Estate Finances Atlanta-Area Office Park
Nuveen Real Estate, Chicago, supplied a $114 million loan facility to refinance Pennant Park, a six-building office park in Atlanta’s Northwest submarket.
Dealmaker: Cushman & Wakefield Brokers $45M in Industrial Asset Sales
Cushman & Wakefield, Chicago, brokered $45.3 million in Arizona industrial property sales.
Dealmaker: Cushman & Wakefield Brokers $19.3M in Industrial Sales
Cushman & Wakefield, Chicago, closed $19.3 million in industrial property sales in North Carolina and Arizona.
Dealmaker: Electra Capital Provides $92M Bridge Loan
Electra Capital, West Palm Beach, Fla., closed a $92 million bridge loan for Four West Las Olas, Elevate Partners’ new apartment tower in downtown Fort Lauderdale, Fla.
Dealmaker: Cushman & Wakefield Arranges $287M in Property Sales
Cushman & Wakefield arranged property sales totaling $286.6 million in metro Atlanta and the Washington, D.C. area.
Office Sector Woes Continue
Analysts say the pandemic shutdown and millions of job layoffs are weighing heavily on the office sector.