- Working on behalf of the borrower, HFF (NYSE:HF) arranges the $290M construction loan for The Surf Club Four Seasons Private Residences in Surfside, FL. The property will include 151 residential units, 77 hotel rooms, and luxury retail and restaurant space.
- In another deal, HFF arranges the financing for 401 North Michigan Avenue, a 35-story, 58K square foot Class A office tower along Chicago's "Magnificent Mile." The property was built in 1965 and currently 81% leased. The five-year floating-rate loan came through Blackstone Mortgage Trust (NYSE:BXMT), and the money (amount not disclosed) will be used to renovate the property over the next three years.