Finance Lending
Wrightwood Loans $28M for Seattle Office Buy
April 30, 2008

Wrightwood Capital has provided $28 million to finance the acquisition of an office building in Seattle by The Mayfield Cos. The Fourth & Pike Building is a 10-story office building with more than 96,700 square feet. The property has been designated as a Landmark building under the Seattle Landmarks Preservation Board and is currently leased to a mix of tenants, with three retail stores at ground level which include Ben Bridge Jeweler, Quicksilver, and The Walking Company. The 36-month loan was sourced through Tom Bracken of Capmark Finance.

 
Recent Lending Headlines
Fannie, Freddie Continue Uphill Fight to Restore Confidence
Aug. 29, 2008
Whether Fannie Mae and Freddie Mac will stave off rescue by the federal government remains to be seen, but the beleaguered mortgage companies are taking steps that they hope will restore investor confidence.
metra market MetraMarket Bags $25M Construction Loan
Aug. 29, 2008
Despite a difficult environment for accessing debt for commercial real estate projects, about $25 million in construction financing has been secured for MetraMarket, a retail development in Chicago's West Loop.
San Fran Boutique Hotel Gets $45M Refi
Aug. 29, 2008
A refinancing deal valued at $45 million has closed for the 201-room Hotel Monaco San Francisco.
Permanent Financing Totaling $21M Closes for Newport Beach
Aug. 29, 2008
While many of the details are being kept mum, permanent financing to the tune of approximately $21 million has been put in place for the 25-acre Hyatt Regency Hotel property in Newport Beach, Calif.
$25M Loan in Place for 276,000-SF Jersey Office Portfolio
Aug. 29, 2008
A joint venture involving Ivy Equities and Urdang Capital Management has gotten its hands on nearly $25.2 million in financing for a group of four office buildings in Parsippany, N.J.
 

 

Westfield Nabs Interest in U.K. Retail Owner
August 29, 2008
By: Tonie Auer, Southwest Correspondent --Less than a week after Simon Property Group acquired a 3.14 percent stake in U.K. retail property firm Liberty International, Australia-based Westfield Group has stepped up to take a 2.96 percent interest in Liberty. Liberty...

L.A. Live Conference Center Topped Out
August 29, 2008
By: Judy Feldman, Contributing Correspondent --Schuff Steel Co. has topped out the new conference center that is part of the L.A. Live development in Los Angeles. The 27-acre development (pictured) began with the construction of the Staples Center where the...

Catskills Hotel Project Gets $525M in Redevelopment Funding
August 29, 2008
By: Scott Baltic, Contributing Editor --Redevelopment of the site that was once home to the Borscht Belt's legendary Concord Hotel, in Kiamesha Lake, N.Y., has taken two major steps forward. In one, Concord Associates L.P., joint venture partner of Empire...

First Publicly Accessible Space in World's Tallest Tower Opens
August 29, 2008
By: Amanda Marsh, Associate Editor --The Olympics may be over in China, but the exciting events haven't stopped there. The highest publicly accessible built space (pictured), part of the tallest building in the world - the 101-floor, 1,614-foot Shanghai World...

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...

It's All In The Message
August 29, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --Top CEOs understand the power, influence, and leverage created by great messaging. Do you ever find yourself sitting back and marveling at those chief executives who always seem to have the right thing...

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...