Business Specialties
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.
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.
Welcome to the Neighborhood–USGBC Introduces New LEED Rating for Communities
The Washington, D.C.-based U.S. Green Building Council’s internationally recognized official stamp of sustainability has been awarded to millions of buildings around the world, but with the organization’s introduction of the LEED for Neighborhood Development rating system, entire communities can now achieve LEED certification.
DLA Piper: Market Has Reached Bottom
In advance of its Global Real Estate Summit 2010, legal firm DLA Piper has released its State of the Market Survey, which asserts that the market has indeed hit that much-vaunted bottom.
Economy Watch: Economy, Consumers Feeling a Little Better
The U.S. Department of Commerce reported on Friday that the nation’s GDP rose at an annualized rate of 3.2 percent during the first quarter of 2010.