ValueXpress has arranged a $4,050,000 CMBS conduit loan for the purchase of a Homewood Suites by Hilton limited-service hotel. The Homewood Suites – Jackson/Ridgeland is a 3-story, 91-room interior corridor property constructed in 1997. A major Property Improvement Plan (PIP), expected to cost $2 … [Read more...] about VALUEXPRESS OBTAINS $4.05-MILLION CMBS CONDUIT LOAN FOR THE PURCHASE OF A HOMEWOOD SUITES LIMITED SERVICE HOTEL IN RIDGELAND (JACKSON), MS
9.1.22: FED CHAIR POWELL SAYS HIGHER INTEREST RATES LIKELY TO LAST “FOR SOME TIME”
On Friday, August 26, Federal Reserve Chairman Jerome Powell warned that combating high inflation will likely mean higher interest rates “for some time. The historical record cautions strongly against prematurely loosening policy.” Speaking at the annual Jackson Hole Economic Policy … [Read more...] about 9.1.22: FED CHAIR POWELL SAYS HIGHER INTEREST RATES LIKELY TO LAST “FOR SOME TIME”
8.17.22: KPMG CUTS OFFICE SPACE BY 40% IN HUDSON YARDS MOVE
Accounting firm KPMG will cut more than 40% of its New York City office footprint and relocate its U.S. headquarters to Brookfield Properties’ 2 Manhattan West, the firm announced. KPMG inked a 20-year deal for 456,000 square feet across 12 floors of the under-construction Hudson Yards skyscraper to … [Read more...] about 8.17.22: KPMG CUTS OFFICE SPACE BY 40% IN HUDSON YARDS MOVE
VALUEXPRESS OBTAINS $6.65-MILLION CMBS CONDUIT LOAN FOR A SINGLE-TENANT INDUSTRIAL FLEX BUILDING
ValueXpress obtained a $6,650,000 first-mortgage CMBS conduit loan that was utilized to refinance an 82,280-square-foot single-tenant, industrial flex building located in St. Louis, Missouri. The building is 100% occupied and leased to Nooter Construction Company. The transaction refinanced a … [Read more...] about VALUEXPRESS OBTAINS $6.65-MILLION CMBS CONDUIT LOAN FOR A SINGLE-TENANT INDUSTRIAL FLEX BUILDING
VALUEXPRESS OBTAINS $6.65-MILLION CMBS CONDUIT LOAN FOR A SINGLE-TENANT INDUSTRIAL FLEX BUILDING
ValueXpress obtained a $6,650,000 first-mortgage CMBS conduit loan that was utilized to refinance an 82,280-square-foot single-tenant, industrial flex building located in St. Louis, Missouri. The building is 100% occupied and leased to Nooter Construction Company. The transaction refinanced a … [Read more...] about VALUEXPRESS OBTAINS $6.65-MILLION CMBS CONDUIT LOAN FOR A SINGLE-TENANT INDUSTRIAL FLEX BUILDING
8.8.22: AMAZON NIXES OR DELAYS OPENING ALMOST 50 WAREHOUSES
Perhaps Amazon’s run of furiously adding what seemed like an endless amount of warehouse space has plateaued. In the face of declining online shopping, the e-commerce king has canceled, closed or delayed the opening of 49 delivery processing facilities in the United States, according to reports … [Read more...] about 8.8.22: AMAZON NIXES OR DELAYS OPENING ALMOST 50 WAREHOUSES
8.1.22: VALUEXPRESS ANNOUNCES NEW LOAN PROGRAM FOR HEALTHCARE PRACTICES
ValueXpress is pleased to announce a new loan program for healthcare practices. The program is for fixed-rate conventional loans -- NOT SBA loans. The loans are for professionals who own healthcare businesses with or without real estate. Qualifying practices include dentists, veterinarians, eye care … [Read more...] about 8.1.22: VALUEXPRESS ANNOUNCES NEW LOAN PROGRAM FOR HEALTHCARE PRACTICES
7.11.22: SUBURBAN OFFICES MORPH TO RESIDENTIAL AND OTHER USES
Suburban municipalities that in the 1980s courted office buildings as the perfect new source for coveted tax revenue -- nearly invisible neighbors with no impact on school systems -- now accept the fact that some of those buildings will be replaced with apartment complexes and mixed-use projects. In … [Read more...] about 7.11.22: SUBURBAN OFFICES MORPH TO RESIDENTIAL AND OTHER USES
6.24.22: HYATT’S BUSINESS STRENGTHENS FROM HOTEL SALES
Hyatt Hotels Corp.'s goal of transforming into an asset-light business is well on its way after several sales in the second quarter. During the company's second-quarter earnings call, President and CEO Mark Hoplamazian said it's been an active first half of the year for the company. Hyatt … [Read more...] about 6.24.22: HYATT’S BUSINESS STRENGTHENS FROM HOTEL SALES
VALUEXPRESS ARRANGES $11,000,000 CMBS CONDUIT LOAN FOR THE REFINANCE OF A HILTON GARDEN INN IN PASCAGOULA, MS
ValueXpress obtained an $11-million CMBS conduit loan for the refinance of a 119-room Hilton Garden Inn located in Pascagoula, Mississippi. The 5-story property was constructed in 2014 and is the number one-rated hotel in the Pascagoula market, according to TripAdvisor. The loan refinanced a … [Read more...] about VALUEXPRESS ARRANGES $11,000,000 CMBS CONDUIT LOAN FOR THE REFINANCE OF A HILTON GARDEN INN IN PASCAGOULA, MS
