Finance Institutional Investment
Corus, Lehman Bros. Make D.C. Loans
May 15, 2008
Corus Bank closed a $72 million loan to MR BP Office #1 L.L.C. to finance the construction of a nine-story Class A office building located at 55 M Street SE in Washington, D.C.
CBRE Investors Closes $2.1B Real Estate Fund
May 14, 2008
CB Richard Ellis Investors has announced the closing of CB Richard Ellis Strategic Partners U.S. 5 to new investors. Strategic Partners U.S. 5 consists of two limited partnerships, with raised equity commitments of $2.1 billion from institutional investors in the United States, Europe and the Middle East.
Crowne Plaza Amsterdam City Centre Sold
May 14, 2008
Acting for an institutional investor and InterContinental Hotels Group, Jones Lang LaSalle Hotels Inc. has completed the sale of the Crowne Plaza Amsterdam City Centre for approximately $111 million to joint venture HHR Euro CV.
Tenet Healthcare Plans Sale of 34 Properties Nationwide
May 13, 2008
After losing $31 million in the first quarter of the year--compared to a net income of $75 million in the first quarter of 2007--Dallas-based Tenet Healthcare Corp. today released details of its plan to sell 34 medical office buildings across the country.
Carlton to Market $69M of Loan Assets
May 13, 2008
Carlton has been retained to market and sell approximately $69.3 million of performing and nonperforming commercial mortgage loan assets on behalf of an institutional client, it has announced.
$188M Financing Deal Paves Way for New William Morris HQ in Beverly Hills
May 12, 2008
A joint venture involving New York City-based George Comfort & Sons Inc. and Morgan Stanley Real Estate's Prime Property Fund, have secured $188 million in refinancing for an existing office structure and construction funding for the development of a new office and retail building in Beverly Hills.
Behringer Harvard Announces MF Development in Denver
May 07, 2008
Behringer Harvard has announced its investment in Alexan Prospect, a 400-unit multi-family community slated for construction in the Central Platte Valley, a 120-acre area immediately west of the Denver central business district.
Schostak Bros., BVT Form JV
May 06, 2008
Schostak Brothers & Co., a Livonia, Mich.-based commercial real estate development and investment firm, has announced the formation of a joint venture with German real estate investment firm, BVT Equity Holdings.
CalHFA Commits $2.4M for Affordable, Seniors MF
May 05, 2008
The California Housing Finance Agency (CalHFA) is once again teaming up with Habitat for Humanity to provide $2.43 million for first mortgages to stimulate new homeownership opportunities for more Californians.
GE Real Estate Funds $960M for 34-Property iStar Portfolio
May 05, 2008
New York City-based iStar Financial Inc. has taken a single-source $960 million loan against a portfolio of 34 triple-net-leased single-tenant properties. Holliday Fenoglio Fowler L.P. arranged the adjustable-rate, interest-only loan through GE Real Estate.
Madison Capital, PREI Team for $1B Urban Investment Plan
May 02, 2008
As many investors hesitate to buy assets, even in New York City, Madison Capital and Prudential Investors have their eyes on the prize. The firms are joining forces to acquire up to $1 billion in retail and mixed-use properties, the partners disclosed earlier this week.
Energy Firm Renews, Expands Houston Lease
April 29, 2008
As the energy business continues to grow in Houston, Enbridge Energy Partners L.P.-- operator of the world’s longest crude oil and liquids pipeline system--have added to their Houston office space at the 1100 Louisiana building with a long-term lease renewal and expansion.
GE Provides $100M to Recapitalize 330 Wabash in Chicago
April 28, 2008
GE Real Estate has announced it provided a $100 million on-book bridge loan to an affiliate of Prime Group Realty Trust to recapitalize and reposition 330 N. Wabash, a Class A office building located in the River North area of Chicago, Ill.
RREEF, Blackstone Ramp Up Investments in India
April 28, 2008
RREEF, a unit of Deutsche Bank AG and the world's largest alternative investment manager, has plans to invest more than $1 billion in India’s real estate and infrastructure assets over the next three years, according to a news report by Bloomberg today.
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