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GM to Buy Properties in Detroit, Michigan, Issues Mortgage-Backed Line to Subsidiary
An 10-Q filing has confirmed GM's buy of three properties, including its Detroit, Michigan-based corporate headquarters, for a total of $826 million.
Ontario's Next Generation Jobs Fund Likely to Have Real Estate Impact
The government of Ontario is on the verge of awarding a new series of grants to local businesses, a move that promises to stimulate demand for certain kinds of real estate indirectly, particularly space suitable for high-tech research or manufacturing.
Behringer Harvard Announces MF Development in Denver
Behringer Harvard has announced its investment in Alexan Prospect, a 400-unit multi-family community slated for construction in the Central Platte Valley, a 120-acre area immediately west of the Denver central business district.
GE Real Estate Names Brodsky Regional Sustainability Leader for North America Equity
GE Real Estate has announced that Stuart Brodsky has been named regional sustainability leader for its North America equity unit.
Chicago-Based Equibase Capital Makes Bridge Loan to Abbott Boston Development
Equibase Capital Group L.L.C., a provider of mezzanine capital to the real estate industry based in Chicago, has announced it has made a bridge loan to Abbott Real Estate Development, a residential development firm located in Boston.
Schostak Bros., BVT Form JV
Schostak Brothers & Co., a Livonia, Mich.-based commercial real estate development and investment firm, has announced the formation of a joint venture with German real estate investment firm, BVT Equity Holdings.
ING Real Estate, Grupo Carrousel, Operadore Punta Maroma to Develop $150M Resort in Mexico
ING Real Estate will partner with Grupo Carrousel and Operadora Punta Maroma to develop a new $150 million ocean front resort on Bahia Maroma along Mexico's Riviera Maya. The cost doesn't include the price of land.
GE Real Estate Funds Legacy Partners Pasadena, Calif., Buy
GE Real Estate has announced it has provided a $36.5 million first mortgage facility to Legacy Partners Commercial for its acquisition of an office building in Pasadena, Calif.
CalHFA Commits $2.4M for Affordable, Seniors MF
The California Housing Finance Agency (CalHFA) is once again teaming up with Habitat for Humanity to provide $2.43 million for first mortgages to stimulate new homeownership opportunities for more Californians.
Krolman, Janet GE Real Estate Funds $960M for 34-Property iStar Portfolio
New York City-based iStar Financial Inc. has taken a single-source $960 million loan against a portfolio of 34 triple-net-leased single-tenant properties. Holliday Fenoglio Fowler L.P.  arranged the adjustable-rate, interest-only loan through GE Real Estate.  
Colony Capital, Eurazeo Seek to Hold 30 Percent of  Accor
Europe hotel giant Accor SA may soon have Colony Capital L.L.C. and Parisian private equity firm Eurazeo holding 30 percent of shares, according to Bloomberg News.
Madison Capital, PREI Team for $1B Urban Investment Plan
As many investors hesitate to buy assets, even in New York City, Madison Capital and Prudential Investors have their eyes on the prize. The firms are joining forces to acquire up to $1 billion in retail and mixed-use properties, the partners disclosed earlier this week.
GMH Military Housing Division Bought by Balfour Beatty
Balfour Beatty Group has completed acquisition of the military housing division of GMH Communities Trust for $350 million, it has reported.
1100 louisiana Energy Firm Renews, Expands Houston Lease
As the energy business continues to grow in Houston, Enbridge Energy Partners L.P.-- operator of the world’s longest crude oil and liquids pipeline system--have added to their Houston office space at the 1100 Louisiana building with a long-term lease renewal and expansion.
InStorage REIT Taps Kan for Senior Management Appointment
InStorage Real Estate Investment Trust has announced that Judy Kan has been appointed senior vice president for investments.
GE Provides $100M to Recapitalize 330 Wabash in Chicago
GE Real Estate has announced it provided a $100 million on-book bridge loan to an affiliate of Prime Group Realty Trust to recapitalize and reposition 330 N. Wabash, a Class A office building located in the River North area of Chicago, Ill.
RREEF, Blackstone Ramp Up Investments in India 
RREEF, a unit of Deutsche Bank AG and the world's largest alternative investment manager, has plans to invest more than $1 billion in India’s real estate and infrastructure assets over the next three years, according to a news report by Bloomberg today.
1100 Broadway Design Approval Moves $150M Oakland Office Building Forward
SKS Investments takes the next step toward developing a $150 million office property at 1100 Broadway in Oakland with the Oakland Planning Commission's hands down approval of the design for the 320,000-square-foot green building.
Baltimore CityScape Moves Ahead
The Baltimore Development Corp. has announced that the CityScape project will be moving forward now that Mayor Sheila Dixon has approved its recommendation for the $112.5 million mixed-use project.
Omni Royal Orleans UBS Sells Historic New Orleans Hotel to Local Partnership
After 28 years, Hartford-based UBS Realty sold Omni Royal Orleans to a partnership of Crow Holdings and private local investors.
Capmark Completes Sale of European Loan Portfolio to GE Real Estate
Capmark Financial Group Inc.'s subsidiaries have completed the sale of significant interests in 34 loans in its European loan portfolio to GE Real Estate for approximately $896 million, it has reported.
CB Richard Ellis Realty  Takes London-Area Office Building
CB Richard Ellis Realty Trust has purchased Thames Valley Five, a fully leased 40,000-square-foot Class A office building in the M4 corridor west of Central London, it has reported.
Goldman Sachs, L&M Launch Investment Fund for Urban Housing Projects
GSLM Capital Partners L.L.C., an investment entity involving Goldman Sachs' Urban Investment Group and L&M Development Partners Inc., has been created for the launching of a new investment fund that will target mixed-income housing projects in various well-populated and ethnically diverse markets across the United States.
Morgan Stanley RE Closes Third Phase of $5.9B Fund
Morgan Stanley Real Estate has announced the closing of the third offering for its Special Situations Fund III; the offering raised $2.5 billion of equity commitments, bringing the fund to a total of $5.9 billion. 
Hines to Open 2 Logistics Parks in Brazil
The São Paulo office of Hines has announced the start of a Brazilian investment program to acquire or develop strategically located logistics parks on major highway intersections in various cities to serve the needs of logistics and transportation clients.
 

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