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The financings come at a time when few lenders have been funding construction loans.
Hines and Urban Street Development will use the financing for the first phase of a multifamily, office and retail project.
Cushman & Wakefield is marketing Hawthorne Mall as a potential large-scale redevelopment play with the potential for seller financing.
As the retail apocalypse ends, the office Armageddon begins, says Toby Cobb, co-founder of the national real estate investment trust.
The firm is launching the deal at a time when segments of the retail sector are showing signs of resilience.
June saw Calvert Impact and PACE Equity launch Cut Carbon Notes, a finance program that is open to both institutional and retail investors.
Washington, DC, shopping mall will be redeveloped into mixed-use asset with 320 apartment units.
The Starwood-owned portfolio’s appraisal value has risen 35%% since December 2021.
Subdued levels of new retail supply over the past decade means lenders have one eye on the sector – and one eye on a potential recession.
Robert Lapidus, L&L president and CIO, says the firm is looking past New York for its next deals.