Business Specialties
David Durning: Prudential’s Financing Goals for 2013
At the 2013 Mortgage Bankers Association CREF/Multifamily Housing Conference, David Durning, president and CEO of Prudential Mortgage Capital Co., explains Prudential’s targets for balance sheet, Fannie Mae, Freddie Mac and FHA, CMBS and bridge financing for 2013.
JLL’s Marisha Clinton on Emerging Real Estate Markets and Industries
Marisha Clinton, director of research, Capital Markets, at Jones Lang LaSalle, names markets and industries that are on the “to watch” list for real estate investors.
Waterman Completes 75-Year Master Lease at NYC’s 400 Park Ave.
Waterman Interests Inc. signed a new 75-year master lease for the leasehold interest on 400 Park Ave. with Benenson Capital Partners, the longtime owner of the land beneath the 250,000-square-foot property.
Cole Real Estate Investments Purchases Sanofi-Aventis Building for $72.3M
A subsidiary of Cole Corporate Income Trust Inc. acquired Sanofi-Aventis’ property at 55 Corporate Drive in Bridgewater, N.J., from Mack-Cali Realty Corp. for approximately $72.3 million.
DLA Piper Special Report: CMBS Back, REITs Up, Liquidity Plentiful in Capital Markets
Speaking at the DLA Piper 11th Global Real Estate Summit in Chicago yesterday, industry movers and shakers remained only cautiously optimistic about the future of commercial real estate, despite several indicators pointing to a rebirth of the field.
Columbia Pacific, Long Market Property Buy San Francisco’s 995 Market St.
The new owners are banking on the “Twitter effect” to attract the city’s creative and high-tech set to the 105-year-old office building.
Behringer Harvard, CT Realty Sell Inland Empire Industrial Asset
Behringer Harvard and CT Realty had completed their strategy of increasing occupancy at the property, which the joint venture acquired in 2010.
Seeking to Boost Transparency, IPA Issues Standards for Non-Traded REITs
The Investment Program Association contends that the guidelines will boost confidence in non-listed investment vehicles by providing greater uniformity to financial reporting and valuation.
Beacon JV Buys Minnesota’s Highest Skyscraper for $253M
A Class A office property just traded for a quarter billion dollars, and it didn’t happen in New York City or San Francisco or Washington, D.C.
Borderfree.com Expands, Extends Lease at NYC’s 292 Madison Ave.
E-commerce firm Borderfree.com expanded its quarters and extended its lease at 292 Madison Ave. for an additional seven years.