CALMWATER CAPITAL PROVIDES ACQUISITION AND REDEVELOPMENT LOAN FOR PNC PLAZA BUILDING IN DOWNTOWN COLUMBUS
Calmwater Capital, a Los Angeles-based provider of commercial real estate debt, has originated a senior secured term loan to Edwards Companies for its acquisition and redevelopment of a 362,720-square-foot office building in Downtown Columbus, Ohio. The sponsor plans to redevelop the property, located at 155 E. Broad St., into a mixed-use property comprising residential, office and hotel space.
A panel of nationally renowned land use and urban planning experts has been convened by the Urban Land Institute (ULI) to make recommendations to the City of Memphis regarding the redevelopment and reuse of the Mid-South Coliseum and Fairgrounds site in the center of the city. ULI is a global, multidisciplinary research and education institute whose 35,000-plus members are dedicated to responsible land use and creating thriving communities around the world.