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Private Real Estate Daily

from Private Wealth Daily

The edition as it went to readers: 5 stories.

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The lead

Trinity Investments secures $210 million refinancing for Grand Hyatt Indian Wells

The 531-key Coachella Valley resort recently completed a $62 million renovation and conversion to the Grand Hyatt flag.

The Wrap

Terra refinances Bay Harbor Islands office with $183.8M Monroe loan

The new debt is $54.2 million smaller than the $238 million loan it retires, despite the building being more than 90 percent leased.

Sectors

Aviator House opens as D.C.'s first completed Housing in Downtown conversion

National Real Estate Development converted the 1972-vintage Air Line Pilots Association headquarters, which the project lead said was about half leased after the pandemic.

Deals

Cushman & Wakefield hires CBRE's Doug Middleton to lead New York capital markets

Jack Stillwagon joins him as executive managing director; the role had been largely open since Adam Spies and Doug Harmon left for Newmark in 2023.

The Wrap

PACE Loan Group, Nuveen Green Capital finance $140M in data-center C-PACE loans

A $100 million Missouri loan was the largest C-PACE deal in state history, and PDG separately agreed to sell five Indonesian enterprise data centers to Sinar Mas-backed SMPlus.

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