Allison Landa
Greece: The Next Too-Big-To-Fail?
The story sounds familiar: a major entity unable to service its debt and in need of help. Only this time it’s not Lehman Bros.; it’s Greece.
FelCor Lodging Trust Wipes Out 2010 Maturities with New $212M Loan
Hotel REIT FelCor Lodging Trust Inc. has just gotten its hands on $212 million in financing for a nine-property hotel portfolio.
Canon Kicks Off $636M Development of HQ on Long Island
After three years of planning, Canon U.S.A. Inc. has just broken ground on its new 1.2-billion-square-foot headquarters in Melville, N.Y.
Turner Construction Commences Work on $93M Hospital Research Center in Ohio
With Turner Construction at the helm, ground has just broken on Nationwide Children’s Hospital’s (NCH) $93 million Research Building III in Columbus, Ohio. Turner is on track to complete construction of the 225,000-square-foot facility in 2012.
Economy Watch: Pending Home Sales Spiked in March for Obvious Reasons
The National Association of Realtors said on Tuesday that its pending home sales index shot up during March by 5.3 percent, to 102.9. In February, the index stood at 97.7.
Welcome to the CPE Capital Markets Newsletter
Welcome to the first issue of the new CPE Capital Markets Update, offering twice-monthly insights into different aspects of the commercial real estate investment scene.
DLA Piper: Public, Private Markets Show Improvement
2010 is expected to provide major shifts in the capital markets, according to experts.
Prudential Kicks Off New Loan Program for M-F Property Owners
Endeavoring to help bridge the financing gap for multifamily property owners who do not meet the requirements for Fannie Mae or Freddie Mac permanent loans, Newark, N.J.-based Prudential Mortgage Capital Company has created the Agency Gateway program. The new vehicle will provide short-term loans for refinancing and acquiring multifamily assets.
DLA Piper Summit: Recession was ‘Panic’, Zell Says
Eighteen months ago the U.S. economy was in full-fledged panic. That’s according to Sam Zell, who spoke at DLA Piper’s Global Real Estate Summit 2010 on Tuesday. The chairman of Equity Group Investments spoke along with fellow panelist Michael Fascitelli, President and CEO of Vornado Realty Trust, at a panel titled “Where Have We Been and Where are We Going?”
Economy Watch: Simon Says, Pick Me! Pick Me!
Various news organizations reported separately on Monday that Simon Property Group Inc. upped its ante for General Growth Properties in its efforts to win GGP and its delectable 200-plus mall portfolio from the clutches of a group of investors led by Brookfield Asset Management Inc. Unnamed sources were cited.