Finance Investment Banking
Rebuilding Downtown JPMorgan Chase WTC Development Plans in Doubt
May 15, 2008
Has JPMorgan Chase finally backed off on plans to build an office tower at the World Trade Center site in lower Manhattan?
Simon to Sell $1.5B in Senior Notes
May 13, 2008
In a time when borrowing can be a daunting task, even for entities with sterling credit histories, companies are turning to other means to raise the capital they need, according to industry experts.
Rockwall I and II. JPG Takes 2 Bethesda Office Buildings for $80M
May 08, 2008
The JBG Cos. has bought two North Bethesda, Md., properties for $80 million. Together, the class A buildings contain 346,000 square feet. The are located on the Rockville Pike near the Montgomery Mall.
ING Real Estate, Grupo Carrousel, Operadore Punta Maroma to Develop $150M Resort in Mexico
May 05, 2008
ING Real Estate will partner with Grupo Carrousel and Operadora Punta Maroma to develop a new $150 million ocean front resort on Bahia Maroma along Mexico's Riviera Maya. The cost doesn't include the price of land.
Corporate Office Properties Closes $225M Revolving Construction Facility
May 05, 2008
Corporate Office Properties Trust has announced it closed on a $225 million construction loan facility that will be utilized to fund most of its construction costs over the next several years.
Brookfield Real Estate Services Fund Announces Interest Rate Swap Agreement
May 05, 2008
Brookfield Real Estate Services Fund has announced that it has completed an interest rate swap agreement with the Canadian Imperial Bank of Commerce, which fixes the interest rate on its recently completed $15 million term facility at 4.29 percent with effect from April 7, 2008.
ARC, Sandler O’Neill Target Bank Sale-Leasebacks
May 02, 2008
American Realty Capital L.L.C. and an affiliate of Sandler O’Neill + Partners L.P. have inked an agreement to partner on sale-leaseback deals with middle-market banks, the two firms disclosed this morning. 
Brookfield Shows Interest in Maguire, Too
May 01, 2008
The saga of Maguire Properties Inc. continued to unfold today with word that Brookfield Properties Corp. is interesting in buying, along with other partners, Maguire's interests in Downtown Los Angeles office properties for about $750 million.
Steve Furnary ING Clarion Report: Commercial RE to See Challenges in ‘08
April 30, 2008
Beset by a slowing economy and continued fallout from the subprime mortgage crisis, commercial real estate will likely face challenges as demand slows in 2008.
Proposed Merger of Altus, Integra Will Benefit Both  
April 29, 2008
The proposed merger, officially announced yesterday, of Altus Group Income Fund and Integra Realty Resources will likely be a strong move forward for both parties.
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.
Robert Maguire Floats Plan to Take Firm Private
April 28, 2008
Robert Maguire III, chairman & CEO of Maguire Properties Inc., has proposed a plan to privatize the REIT. The proposal represents the latest chapter in the company's efforts to resolve its debt problems, which is being spearheaded by a special committee of independent directors.
Banks Swapping Colonial Debt for Shares
April 25, 2008
According to Reuters News, the swapfest for troubled Spanish property giant Colonial has begun--banks are busy exchanging debt for shares.
Proxy Fight at CBRE Realty Finance Avoided
April 24, 2008
A brewing proxy fight between Arbor Realty Trust Inc. and CBRE Realty Finance has been averted, according to the two parties. As previously reported by CPN, Arbor Realty, in a move widely seen as part of a takeover bid, had been planning to field a slate of its own candidates at CBRE Realty Finance's still-unscheduled 2008 annual  stockholders meeting.
CBL Completes $383M Financing
April 23, 2008
CBL & Associates Properties Inc. has announced the completion of $383.3 million of financing in four separate transactions. CBL completed $343.7 million of new financing and extended the maturity of one $39.6 million existing loan.
Home Not Too Sweet for Linens ‘n Things
April 18, 2008
The disclosure that the Linens ‘n Things home products chain is looking for strategic alternatives is the latest sign of trouble in the home-related retail sector. Yesterday the 589-store chain said in a statement that it has asked the investment banking firm Financo Inc. to evaluate strategies.
American Campus Communities to Launch Stock Offering
April 17, 2008
American Campus Communities Inc. has announced that it plans to sell 4.5 million shares of common stock in a public offering.
Flexner to Join Citi
April 16, 2008
Citi Institutional Clients Group has just announced that Thomas Flexner will join the firm as Ggobal head of real estate.
CBRE Capital Markets Arranges $24M Funding for
Pelham Bay Professional Center
April 09, 2008
Michael Sherman and Efrat Sharon of CBRE’s capital markets group in New York City have secured a $24 million loan on behalf of Hampshire Partners Fund VII L.P. for the financing of Pelham Bay Professional Center in Bronx, N.Y., they have reported.
ProLogis, Bahrain Investment Bank Form Industrial JV
April 08, 2008
Denver-based ProLogis and Bahrain-based investment bank Arcapita have formed a 50-50 joint venture to create ProLogis Middle East, which will develop and acquire logistics warehouse space in most of the Middle Eastern nations of the Gulf Cooperation Council. All together, the JV plans $1 billion property portfolio.
JLL Secures $108M Loan for American College of Surgeons
April 02, 2008
Jones Lang LaSalle's real estate investment banking practice announced today that it has arranged a $107.6 million structured development and construction loan on behalf of the American College of Surgeons for its build-to-suit, 165,000-square-foot class A office building in Washington, D.C.'s Capitol Hill submarket, within walking distance to the nation's Capitol.
Colonial to Sell Larger Stake to Societe Fonciere Lyonnais
April 01, 2008
Colonial has reported that it now plans to sell 84 percent, not 33 percent, of itself to Societe Fonciere Lyonnais, according to a Reuters News report.
Other Suitors Reported Seeking Beleaguered Colonial
March 31, 2008
Though plans by Investment Corp. of Dubai to buy Spanish real estate giant Inmobiliaria Colonial SA have been given the deep-six, there are apparently other bidders eager to get a piece of Madrid-based Colonial or its assets.
HCP to Sell 4.5M Shares for $150M, Issue 12.5M Shares to Public
March 26, 2008
Healthcare REIT HCP Inc. has announced that it will sell 4.5 million shares of common stock to Goldman Sachs & Co. for $149.9 million in an offering it just priced at $33.32 per share and, in a separate move, will offer 12.5 million shares of common stock to the public.
Urstadt Biddle Sells $60M of Stock in Private Placement
March 25, 2008
Urstadt Biddle Properties Inc. has announced that it completed the sale of $60 million of a new Series E Senior Cumulative Preferred Stock in a private placement to WFC Holdings Corporation, a holding company for Wells Fargo Bank N.A.
 

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