Meridian Capital Group arranged a $285 million loan to refinance 717 Fifth Ave., a 115,630-square-foot retail/office condo in New York City. The loan, which featured a LIBOR-based floating rate and a five-year term, was placed with Greenwich...
With the credit markets seized, the avalanche of bad news surrounding investment banking giants Lehman Brothers and Merrill Lynch and insurance provider AIG has caused a state of panic in the commercial real estate industry...
Global REITs could provide a safe haven during turbulent economic times in the U.S., according to Boston-based Torto Wheaton Research. During a research presentation on Tuesday—following the weekend’s tumult with investment banks Lehman Brothers...
CDK Realty Advisors provided $200 million in funding to RED Development LLC. The money will help fund RED’s development projects, including seven already identified projects located throughout Arizona, Arkansas and Missouri, and as yet...
Charles Dunn Co., a partner of GVA Worldwide, negotiated the sale of a single-tenant, 5,173-squrare-foot retail property on Pico Boulevard in Los Angeles to a family trust for $3.6 million, or $700 per square foot, a record-breaking price. The...
The financial sector continues to digest the weekend bailout of Freddie Mac and Fannie Mae. Yet in spite of the continued run of bad news and strain on the financial system, investors, lenders, banks and others continue to have a largely positive...
Equity One, Inc., in a joint venture with an affiliate of DRA Advisors LLC, acquired three value-added properties in South Florida for $53 million. The properties included Plantation Marketplace, a 230,330-square-foot community shopping center in...
In recent weeks both Indianapolis-based Simon Property Group and Sydney-based Westfield Group divulged they had taken out significant stakes in Liberty International plc, one of the biggest shopping center owners in the United Kingdom. The...
California has more expenses than revenue. And that's causing a fiscal headache for Gov. Arnold Schwarzenegger, who is seeking approval of his 2008-2009 budget. State lawmakers were supposed to have approved the budget by July 1, but as of mid...
Riverside County's soft economic conditions have forced at least one developer to rethink plans to bring more retail space to the market. Caliber Retail Properties Group president Bart Pebbles, says he's amending development plans for the...
