 (1).gif)
News:
Finance
Posted: December 9, 2016
HFF arranges $34.5m mortgage financing for Linear Retail site
Cambridge, MA Holliday Fenoglio Fowler, L.P. (HFF) has arranged $34.5 million in first mortgage financing for Alewife Brook Parkway Shopping Center, a 47,004 s/f, Trader Joe’s and CVS-anchored center.
Working on behalf of Linear Retail Properties, LLC, HFF placed the fixed-rate loan with Nationwide Life Insurance Company.
Alewife Brook Parkway Shopping Center - Cambridge, MAAlewife Brook Parkway Shopping Center was built and substantially redeveloped in 2009, and is fully leased to the two anchor tenants, TD Bank, Chipotle Mexican Grill, Mattress Firm, Sav-Mor Spirits, Genki Ya and T-Mobile. The class A urban retail center is situated on a 3.49-acre site located along Alewife Brook Pkwy., near the intersection of Rtes 2, 3 and 16, less than a quarter of a mile south of the Alewife MBTA station.
The HFF debt placement team was led by senior managing director Riaz Cassum, director Brett Paulsrud and senior real estate analyst Andrew Gray.
“HFF was able to work very closely with our client to secure a loan that met all their objectives,” said Paulsrud. “It is always a pleasure to work with best-in-class organizations such as Linear Retail and Nationwide.”
Based in Burlington, Massachusetts, Linear Retail Properties is a leading acquirer, owner, developer and operator of retail properties in New England. Linear Retail Properties owns 82 retail properties including convenience-oriented strip shopping centers; specialty storefront retail in select downtown neighborhoods; smaller, well-located centers in dominant retail destination corridors; net leased, single-tenant retail properties; and urban retail condos.
HFF and HFFS (HFF Securities L.P.) are owned by HFF, Inc. HFF operates out of 23 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing.
Tags:
Finance
MORE FROM Finance
C-Lounge Capital provides $18m equity investment for $40m acquisition of Fountains of Boca Raton by Interface Properties
Boca Raton, FL C-Lounge Capital provides $18m equity investment for $40m acquisition of Fountains of Boca Raton by Interface Properties. C-Lounge Capital is a relationship-driven family office investment platform backed by more than 50 years of commercial real estate experience.
 (1).gif)
Quick Hits
Columns and Thought Leadership
Are appraisers on the same page as the assessor? - by Richard Seman
The purpose of this article is to address problematic or confusing issues which may help assessors and appraisers to better understand how to value real estate for tax assessment purposes.
The focus on price per s/f compared to the comparable sales used in the appraisal report - by Dennis Chanski
Over the past several weeks, I have completed appraisal assignments for private clients. Interestingly, after submitting these appraisals, I received several phone calls – not to question the value, content, or any incorrect information, but rather to discuss the price per s/f compared to the comparable sales used in the report.
Reverse exchanges and the challenges of a competitive real estate market - by Michele Fitzpatrick
Our current, highly competitive real estate market poses specific challenges for investors who are considering taking advantage of a tax-deferred 1031 exchange. In this market, investors will have no problem selling their current property if priced properly, but they may find it difficult to find a suitable replacement property
Massachusetts real estate transfers over $1 million face new tax rules as of November 1st - by Daniel Meyer
Attention to owners of real estate in the Commonwealth (and the title companies and other professionals who advise them), the Massachusetts Department of Revenue (the “DOR”) recently adopted a new “millionaire’s tax” via 830 CMR 62B.2.4
