Business Specialties Investments
BH Properties Acquires Office, Retail Assets in Dallas-Fort Worth Area
May 16, 2008

BH Properties L.L.C. has acquired nine office and retail properties located around the Dallas-Fort Worth area with a tax assessed valued of approximately $22 million. Purchased from Puget of Texas, the portfolio comprises of five office and four retail properties totaling approximately 600,000 square feet.   Included in the portfolio are Midway Business Park, a 220,000-square-foot office/flex building in Dallas and the Comerica Building, a 77,000-square-foot office/flex property in Richardson, Texas.

 
Recent Investments Headlines
SoCal Lender Kicks Off Another $100M Mortgage Pool Fund
Aug. 28, 2008
Los Angeles-based Wilshire Finance Partners has introduced Wilshire Income Fund II, its second real estate mortgage pool fund. The fund will raise $100 million to make commercial property loans. This time around, however, the company will be able to welcome investors and borrowers from beyond the borders of the State of California.
nickSchorsch American Realty Closes $53M Deal For 39 Surplus Wachovia Branches
Aug. 28, 2008
American Realty Capital L.L.C. has closed on a $53 million deal to acquire 39 bank branches from Wachovia Corp. Under an agreement to purchase Wachovia’s surplus bank branches, American Realty plans to buy more than 70 branch Wachovia locations over the next year.
Maguire Wraps Up $211M Orange County Office Sale
Aug. 28, 2008
Los Angeles-based Maguire Properties Inc. has closed the disposition of Main Plaza, selling the 607,000-square-foot trophy office complex in Irvine, Calif., to Shorenstein Properties L.L.C for $211 million including the assumption of $161 million of project level financing.
Conoco to Sell Gas Stations for $800M
Aug. 27, 2008
ConocoPhillips has reveled plans to sell 600 company-owned gas stations across the nation to PetroSun West in an $800 million deal that will mark the firm’s exit from the volatile retail gas business.
DBSI Pursuing New Buying Strategy
Aug. 27, 2008
DBSI Acquisitions has announced a new buying strategy: Aggressively buying finished lots, partially finished lots, super pads, and entitled residential land across the country.
 

 

Equity Residential Gets $550M Loan
August 28, 2008
By Barbra Murray, Contributing Editor -- Chicago-based Equity Residential Inc. has closed on $550 million in financing, putting up 15 of its multi-family properties as collateral. Originated by Wells Fargo for repurchase by Fannie Mae, the secured interest only loan...

Lehman May Accelerate Mortgage Asset Sales
August 28, 2008
By Dees Stribling, Contributing Correspondent -- Lehman Brothers Holdings Inc., in an effort to both staunch its massive losses and tap into a burgeoning market for commercial real estate debt, is reportedly exploring a strategy that would have it set...

Fire Brought Down 7 WTC: Report
August 28, 2008
By Tom Dworetzky, News Editor -- At a technical briefing this week, Shyam Sundar, lead investigator for the federal building and fire investigation of the World Trade Center disaster conducted by the National Institute of Standards and Technology, revealed in...

Maguire Wraps Up $211M Orange County Office Sale
August 28, 2008
By Barbra Murray, Contributing Editor -- Los Angeles-based Maguire Properties Inc. has closed the disposition of Main Plaza, selling the 607,000-square-foot trophy office complex in Irvine, Calif., to Shorenstein Properties L.L.C for $211 million including the assumption of $161 million...

Fund Invests $44M in Texas, Ohio Student Housing
August 27, 2008
By Gail Kalinoski, Contributing Editor -- The Place/BV Student Housing Fund L.L.C. continues to make investments in student housing facilities across the United States, with two more announced today. The properties will be developed in Texas and Ohio for $44...

Do You Have A Bad Attitude?
August 22, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --Show me a CEO with a bad attitude and I'll show you a poor leader. While this sounds simple enough at face value, I have consistently found that one of the most often...

Is Family Business a Good Idea?
August 15, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --Oh what a conundrum! Family business: Should I, or shouldn't I? In my opinion there really isn't a right or wrong answer to this question. It is simply a matter of personal preference....

What to Do When Marketing Goes Wild
August 08, 2008
By Mike Myatt, Chief Strategy Officer N2growth --Have your company's marketing initiatives wandered astray? Is the proverbial tail starting to wag the dog with respect to your current marketing campaigns? How do you know when marketing is out of control?...

Six Mistakes Real Leaders Avoid
August 01, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --I recently had a reader ask: "Is there a simple test that can be used to quickly determine an executive's leadership ability?" The short answer is yes. There are, in fact, a great...

Top Brokers Do Deals in Bad Markets, Too
July 18, 2008
By Mike Myatt, Chief Strategy Officer N2growth --Many in the industry long for the frothy markets of 2005 when sellers experienced record low cap rates, buyers were aided by loose credit and a strong flow of funds from the capital...