PMH Financial

Business Journal | February 26, 2020

JBG Smith Properties sold a 50% stake in its 552,000-square-foot Central Place office tower in December for $220 million, the Bethesda-based firm disclosed in its 2019 annual report released Tuesday.The sale to PGIM Inc. of the Rosslyn asset netted JBG Smith (NYSE: JBGS) $53.4 million and comes as the company seeks to both shed properties outside of its core business and fuel a development pipeline. In all, JBG Smith sold or recapitalized around $426 million last year, above previously stated ex...

Business Journal | March 13, 2020

Across the country, the coronavirus outbreak is beginning to affect real estate decision-making with the greatest impact to commercial property markets likely to be in development, finance, hotel, retail and industrial sectors. We wonder, is this the Black Swan event that finally halts the nearly 11-year economic expansion in the U.S., and sends the commercial property market into a tailspin akin to what is currently happening with the global stock markets? We sincerely hope not. However, the wh...

Real Clear Markets | April 22, 2020

The Trump administration is starting to turn its attention toward re-opening and revitalizing the economy, with the President announcing the formation of a new taskforce dedicated to these goals. While the health of Americans remains the top priority, the administration is right to also focus on kickstarting the once-roaring economy through tax and deregulatory policies that encourage investment and job creation. One policy proposal that should be at the top of this list is rolling back th...

Cision PR Newswire | March 16, 2020

Simon, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, today announced that it has amended and extended its existing $4.0 billion senior unsecured multi-currency revolving credit facility, with a $6.0 billion senior unsecured credit facility comprised of a $4.0 billion multi-currency revolving credit facility and a $2.0 billion delayed draw term loan facility. The revolving facility provides for borrowings denominated...