Chicago’s One Chicago Towers Secures $415M Refi, Massachusetts Launches Geothermal Pilot

JDL Development and Wanxiang America Real Estate secure a $415 million refinancing for One Chicago towers. Massachusetts launches its first networked geothermal system pilot project. Plus, SeaFlower brings a massive retail, residential, and commercial development to Bradenton, and Moody's considers downgrading 6 U.S. banks over CRE exposure.

Sources:
https://therealdeal.com/chicago/2024/06/07/jdl-wanxiang-score-415m-refi-for-one-chicago-towers/
https://www.bowditch.com/bowditchrealestateblog/2024/06/07/massachusetts-first-networked-geothermal-system-pilot-launches/
https://www.sarasotamagazine.com/home-and-real-estate/2024/06/bradenton-seaflower-new-development
https://www.bisnow.com/national/news/commercial-real-estate/moodys-may-downgrade-6-us-banks-ratings-over-cre-exposure-124604

Outline:
(00:00:00) Introduction
(00:00:43) JDL, Wanxiang Score $415M Refi for One Chicago Towers
(00:04:22) Massachusetts’ First Networked Geothermal System Pilot Launches - Commercial Real Estate Insight & News
(00:07:04) SeaFlower, a Massive Retail, Residential and Commercial Development, Is Headed to Bradenton
(00:10:34) Moody's Could Downgrade 6 U.S. Banks Over CRE Exposure