Finance Mortgage Banking
Transwestern Completes $62M Financing for D.C. Office Building
July 29, 2008

Transwestern has arranged first mortgage financing in the amount of $62 million for 650 Massachusetts Avenue, NW , located in Washington, D.C. for Washington Television Center L.L.C.  Jim Bonham and Wes Scott, both of Transwestern’s Investment Banking Advisory Group, arranged the financing. 650 Massachusetts Avenue is an eight-story 317,392-square-foot Class A office building located in downtown’s East End, a block from the new convention center. It is currently leased to such tenants as Blackboard Inc., Atlantic Video and National Public Radio. Amenities include an on-site fitness center, state-of-the-art shared conferencing facility and convenient access to hotel and Metro Rail.

 
Recent Mortgage Banking Headlines
Younan Contracts to Buy Loan Portfolio
Sept. 03, 2008
Younan Finance Group, an affiliate of Younan Properties Inc., has announced that it is under contract to acquire a portfolio of five separate, performing mezzanine loans from Rubicon Capital America L.L.C.
Korean Bank Confirms Interest in Buying Lehman Stake
Sept. 03, 2008
Buzz about a possible sale of Lehman Brothers escalated today after a top official at state-owned Korea Development Bank confirmed that the bank was trying to form a consortium with private banks to buy a stake in the troubled investment banking firm.
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.
Equity Residential Gets $550M Loan
Aug. 28, 2008
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 has an all-in effective interest rate of about 6 percent and matures in 11.5 years, the first 10.5 of which will carry a fixed rate, with the final year carrying a floating rate.
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.
 

 

REal Talk with Adam Perrotta-Wednesday
September 03, 2008
By Adam Perrotta, News Writer --While Manhattan's Downtown and Midtown South office submarkets have recently been billed as havens for smaller tenants looking to avoid the sky high rents of Class A Midtown space, such firms may still be able...

Korean Bank Confirms Interest in Buying Lehman Stake
September 03, 2008
By: Gail Kalinoski, Contributing Editor --Buzz about a possible sale of Lehman Brothers escalated today after a top official at state-owned Korea Development Bank confirmed that KDB was trying to form a consortium with private banks to buy a stake...

Sherwood Snaps Up 300,000SF NYC Office for $155M
September 03, 2008
By: Barbra Murray, Contributing Editor --The 307,000-square-foot office building at 370 Lexington Ave. in New York City's Grand Central submarket has come under new ownership, courtesy of a transaction valued at $155 million. Sherwood Equities Inc., acting in a joint...

Africa Israel Sells NYC Assets for $349M
September 03, 2008
By: Dees Stribling, Contributing Correspondent --Africa Israel Investments Ltd., a Yehud, Israel-based company owned by billionaire Lev Leviev that has real estate holdings in Israel, the United States, Russia and other countries, has agreed to sell some of its interests...

Gustav Not as Severe as Katrina
September 03, 2008
By: Scott Baltic, Contributing Edtor --Context is everything, and hurricanes appear to be no exception. Though Hurricane Gustav's impact on the Gulf Coast in Mississippi and Louisiana wasn't a love pat, locals mostly seem grateful that the damage it caused,...

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...