Finance Investment Banking
CBRE Capital Markets Arranges $24M Funding for
Pelham Bay Professional Center
April 9, 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. The loan, financed by Babson Capital Management L.L.C., has at 5.48 percent rate on a three-year term with 30-year amortization. The 117,500-square-foot asset, a multi-use complex, also includes a significant development area of 40,000 square feet.

 
Recent Investment Banking Headlines
Trio of Leading Retail Names Now Under One Roof with Closing of Hudson's Bay Deal
July 17, 2008
NRDC Equity Partners has wrapped up its acquisition of Hudson's Bay Co., which is, at 338 years old, the oldest continuing operating company in North America, as well as the largest department store chain in Canada.
Digital Realty Trust Announces Pricing of Common Stock Offering
July 16, 2008
Technology-related real estate firm Digital Realty Trust has announced the pricing of a public offering of 5,000,000 shares of its common stock at a price of $38.42 per share, for net proceeds of approximately $183.9 million after underwriting discounts, commissions and estimated offering expenses.
United Capital Receives Acquisition Proposal
July 14, 2008
United Capital Corp. announced today that its board of directors received a letter from A.F. Petrocelli, its chairman, president & CEO, proposing to acquire all of the company’s outstanding common stock at a cash purchase price of $23 per share, which represents about a 15 percent premium over the average closing price of the company’s common stock on Friday.
Inland Takes $100M Interest in Wakefield 
July 10, 2008
Seeking capital to pursue healthcare real estate opportunities, NorthStar Realty Finance Corp. said today its healthcare real estate venture, Wakefield Capital L.L.C., sold $100 million in convertible preferred equity interest to Inland American Real Estate Trust Inc.
American Land Announces Review of Strategic Alternatives
July 08, 2008
American Land Lease Inc. said today that its Board of Directors is considering a broad range of strategic alternatives to enhance shareholder value.
 

 

REal Talk with Adam Perrotta
July 23, 2008
By Adam Perrotta, News Writer --It appears as though the tide of opinion calling for government aid for the foreclosure crisis has impelled President Bush to drop his opposition to a $3.9 billion housing rescue bill. Whether Bush's reversal was...

Sterling JV Pays $38M for Tampa Apartments Despite Soft Market
July 23, 2008
By Scott Baltic, Contributing Editor -- Sterling American Property Inc., in a JV with The Collier Cos., has purchased the St. Croix Apartments, a 540-unit, gated, resort-style apartment community in Tampa, for just north of $38 million. The seller was...

Trio of Projects to Bring 1.7M SF to Suburban DC
July 23, 2008
By Barbra Murray, Contributing Editor -- The souring economy hasn't altogether dampened development activity. In the Washington, D.C., suburb of Arlington, Va., news has emerged about three new office and mixed-use projects that will bring a total of 1.7 million...

Westcore Sells Vienna Office for $39M
July 23, 2008
By Thomas Peretti, Contributing Correspondent -- Westcore Properties has announced the sale of a Class A Austrian office building. The 125,000-square-foot property sold for $39.2 million (24.5 million Euros) to Credit Suisse Asset Management Immobilien Kapitalanlagegesellschaft mbH. The six-story building...

Bush Drops Resistance to Housing Bill; House Expected to Vote Today
July 23, 2008
By Erika Schnitzer, Associate Editor, Multi-Housing News -- Despite his objections over a $3.9 billion provision that would assist communities devastated by foreclosures, President George W. Bush today dropped his opposition to housing rescue legislation. He was previously threatening to...

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...

Know Thy Customer
July 11, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --How well do you really know your customer? Let me put this as simply as I can. If you want to succeed in business you must be in touch with the demands of...

How to K.I.S.S Problems Goodbye
June 27, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --Keep It Simple Stupid. One of the most effective ways to order your world is to simplify everything you encounter. The problem is that keeping it simple often becomes very difficult when our...

Does Appearance Matter?
June 20, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --So, do appearances really matter? They shouldn't, but the reality is that they most certainly do. As the old saying goes, "you only get one chance to make a first impression," and often...

Recognizing the Need for Change
June 13, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --Since the title of today's column is "Recognizing the Need for Change," I'm going to switch things up a bit and ask you to answer a question posed by me. I first warned...