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NYC property gets $200M refinancing; Amazon expands in Austin, Texas

Commercial real estate

* Jack Resnick & Sons Inc. refinanced the 315 Hudson St. office building in Manhattan, N.Y.'s Hudson Square with a $200 million loan from PGIM Real Estate Finance, The Real Deal reported, citing property records filed with the city's Finance Department. The 10-story, 484,000-square-foot building is undergoing a renovation that is slated for completion in 2019. The property will house Google which will start moving in in 2020.

* Inc. is leasing another roughly 120,000 square feet at the Domain 10 project under construction in Austin, Texas, the Austin Business Journal reported, citing unnamed sources. The online retail giant had reportedly leased 145,000 square feet at the 15-story project back in February.

* Artemis Real Estate Partners LLC acquired a roughly 95% stake in three interconnected buildings in Manhattan's Chelsea neighborhood for almost $155 million, The Real Deal reported, citing unnamed sources. The stake in the Ironworks office complex at 511-541 W. 25th St. was sold by PGIM Real Estate.

Coworking giant WeWork Cos. Inc. occupies 60,000 square feet at the nearly 93%-leased, 194,000-square-foot property, according to the report.

* General Iron Industries is advancing its plan to sell a combined 21.5 acres of scrap yard land near the $6 billion Lincoln Yards development in Chicago, the Chicago Tribune reported. The properties are expected to sell for roughly $130 million based on comparable land sales in the area, the publication added.

* The Orlando Business Journal featured a report on Prologis Inc.'s plans to expand its Central Florida industrial real estate footprint to 12 million square feet from 7 million square feet. Denver Glazier, an investment officer at the real estate investment trust, said at a NAIOP Inc. panel discussion the REIT plans to target redevelopments or site repurposings in areas where it already has a presence.

* Developer Geoff Palmer landed a $128 million refinancing from Walker & Dunlop for the 566-unit Orsini II residential complex at 550 N. Figueroa St. in downtown Los Angeles, The Real Deal reported.

* Full Sail University's real estate arm, Silver City Properties Ltd., plans to develop a roughly $300 million, 2,400-bed student housing project on roughly 13 acres at 3714 N. Forsyth Road in Winter Park, Fla., the Orlando Business Journal reported, citing Orange County records. The project will also have 30,000 square feet of commercial space.

After the bell

* Jay Johnson will resign as DiamondRock Hospitality Co.'s executive vice president and CFO, effective Aug. 31. He will become CFO at outdoor advertising company Lamar Advertising Co., effective Oct. 1.

The day ahead

Early morning futures indicators pointed to a lower opening for the U.S. market.

In Asia, the Hang Seng was down 0.79% to 26,901.09, and the Nikkei 225 fell 1.63% to 20,601.19.

In Europe, around midday, the FTSE 100 was down 0.92% to 7,151.63, and the Euronext 100 was down 1.58% to 1,014.46.

On the macro front

The personal income and outlays report, the Chicago PMI, the consumer sentiment report, the farm prices report and the Baker-Hughes Rig Count report are due out today.

Click here to read about today's financial markets, setting out the factors driving stocks, bonds and currencies around the world ahead of the New York open.

Now featured on S&P Global Market Intelligence

Data Dispatch: Public REITs' share buyback activity on the rise: Though REITs historically have not been big purchasers of their own stock, buyback activity picked up near the end of 2018, and one analyst thinks the group should be doing more of it in 2019.

Data Dispatch: US housing market: Housing starts rise, home sales fall MOM in April: Recently released data showed a monthly increase in housing starts, while both new- and existing-home sales experienced month-over-month declines.

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