News:
Brokerage
Posted: July 10, 2009
Heiss of Largo finances $5.55 million for four medical office buildings
Kevin Heiss, account executive for the Largo Group of Companies, arranged $5.55 million in permanent financing for four medical office buildings located in Houston, Tex.; Shenandoah, Tex.; Manchesney Park, Ill. and Rockford, Ill. The medical office located in Houston is the largest of the four properties, consisting of 15,514 s/f, whereas, the other property in Shenandoah, consists of 10,444 s/f. Both properties are 100% occupied by Northwest Cancer Center. Both properties in Illinois consist of 10,400 s/f with Physicians Immediate Care operating 100% of the space. The Texas properties were financed on a 10-year term with one rate reset, whereas, the two Illinois properties were structured on a 7-year term with two rate resets.
Tags:
Brokerage
MORE FROM Brokerage
Marcus & Millichap brokers $16.25 million sale of Ponce Bank flagship headquarters in the Bronx
Bronx, NY Marcus & Millichap negotiated the sale of a net-leased bank property occupied by Ponce Bank. The asset sold for $16.25 million. “This property drew tremendous interest as it was a
Quick Hits
Columns and Thought Leadership
A fresh start - by Shallini Mehra and Amit Doshi
For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver
New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian
There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman
July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.