Finance Lending
CBRE Capital Markets Arranges $45M in
Acquisition Financing for Hampshire Partners
July 7, 2008

CBRE’s Capital Markets group in New York City have secured a $45 million loan on behalf of Hampshire Partners Fund VII L.P. for the financing of certain assets of Fund VII’s portfolio. The loan, financed by Capital Bank N.A., was structured at a floating rate over LIBOR on an interest-only basis. The financed assets consisted of six properties comprised of a mix of retail, office and industrial. The properties are located at 39 Robinson Road in Lodi, N.J.,  361-371 South Street, Newark, N.J., 401 East Fayette, Baltimore, MD, 2501 Riva Road, Annapolis, MD., 475 Willard Avenue, Newington, Conn., 5700 Audubon, Richmond, Va. Encompassing 1,182,415-square-feet, the portfolio’s combined occupancy at closing was 83 percent. The occupancy breakdown consisted of four fully leased properties, one at 68 percent and one vacant property. Hampshire Partners plans to make significant capital investment in the properties for the purposes of renovating, repositioning and executing its leasing strategy. The portfolio consists of such national tenants as Verizon Communications Inc. and International Contractors Services L.L.C.

 
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Omega Opportunity Fund I to Launch, Focus on Quality Development Projects
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Apollo to Pursue Additional RE Debt Acquisition
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There's little doubt that debt, besides being the raw material of the real estate crunch, is also a pretty hot commodity in some ways, as property values decline and loan-to-value ratios shift. In recent weeks, as reported by CPN, such investors as the new Investcorp Real Estate Credit Fund L.P. and Inland American Real Estate Trust have been eager to snap up real estate debt.
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NorthMarq Arranges $45M Mortgage for Palm Grove Center
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Miami Mixed-Use Project Resumes with Extension on $60M Loan
Aug. 15, 2008
ArteCity Holding Ltd., developer of the mixed-use ArteCity project in Miami Beach, can breathe a sigh of relief, now that Corus Bank has extended the maturity of its $60 million loan on the project.
 

 

220-Acre Mixed-Use in Works Near University of Missouri
August 20, 2008
By Barbra Murray, Contributing Editor -- A 220-acre parcel near the University of Missouri's Discovery Ridge research park in Columbia is on tap to sprout a gargantuan mixed-use project. Forum Development Group, the owner of the land, recently wrapped up...

Icahn Nabs AT&T's Dallas HQ in Sale-Leaseback
August 20, 2008
By Tonie Auer, Southwest Correspondent -- Transferring its headquarters from San Antonio to Dallas, telecom giant AT&T Inc. has moved into a 37-story high-rise and sold the building in a sale-leaseback deal to Icahn Enterprises for an undisclosed amount. The...

W.P. Carey Closes $58M Sale-Leaseback in Germany
August 20, 2008
By Barbra Murray, Contributing Editor -- New York City-headquartered W.P. Carey, acting through its publicly held non-traded REITs CPA(R):15 and CPA(R):17 - Global, has completed a sale-leaseback transaction in Germany with U.K.-based automotive supplier Wagon Plc. The properties involved are...

Och-Ziff, Kolter in $1B Southeast Residential JV
August 20, 2008
By Scott Baltic, Contributing Editor -- New York-based Och-Ziff Capital Management Group and Kolter Group of West Palm Beach, Fla., have announced the formation of a $1 billion joint venture that will target residential properties in the Southeast that are...

REal Talk with Adam Perrotta-Tuesday
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By Adam Perrotta, News Writer --In the latest example of a firm looking to snap up debt in the wake of the credit crunch, Apollo Real Estate Advisors has pumped up funding for its debt investment fund to $930 million....

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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....

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Know Thy Customer
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