Business Specialties
Upside: Chauncey Mayfield Takes a Hands-On Approach to Adding Value
“I just get completely reinvigorated when I get out at a construction site,” says Chauncey Mayfield, CEO of MayfieldGentry Realty Advisors L.L.C. Yet the leader of the Detroit-based investment management firm recalls that it was not always so.
Forest City Has Busy Week
Not only did the national real estate company close a new $425 million credit facility, it completed an $851.5 million joint venture and announced that its 2010 earnings before depreciation, interest, taxes and amortization marked a record for the firm.
Real Tech with Peter Boritz: Smartphone Security
With the rise in use of iPads and smartphones in real estate, Peter Boritz of Real Data Management blogs on CPE‘s From the Inside offers advice on how to protect yourself against viruses and security breaches.
HCP’s $1.1B Offering Pays for ManorCare Purchase
In response to a stronger than anticipated interest among the investment community, the healthcare real estate REIT just announced the pricing of its public offering of 30 million shares of common stock–a marked increase over the 24 million shares announced just a day earlier–at $36.90 per share.
BioMed Realty Prices $400M Public Offering
Some of the proceeds from the offering will be directed toward the partial repayment of borrowings under BioMed Realty L.P.’s $720 million unsecured line of credit. As of the close of 2010, the outstanding debt totaled $392 million.
Fitch: Special Servicing for CMBS Loans on Downswing
As of mid-March, approximately 200 loans have transferred this year, marking a dramatic descent from the 631 loans in the first quarter of 2010.
Economy Watch: Quake Estimates Afoot, GSE Plan Proposed, Yen Dives
The economic impact of the disaster in Japan is still as unclear as exactly what’s going on at Fukushima Daiichi now, but that isn’t keeping economists from making estimates, or taking a stab at estimates, of the total cost.
Equinix Building Fourth Paris Data Center
Scheduled to open in the third quarter of 2012, the new facility is expected to meet demand for interconnection and colocation services in Paris and across the region. Known as PA4, it will support services for network, financial, content, enterprise and cloud computing.
IPD: U.S. Real Estate Among Top Performers
The U.S. commercial real estate industry is not only recovering, it is performing better than real estate in many other nations, according to findings presented at IPD’s conference.
Barnett Joins Colliers as Senior Vice President
Richard Barnett will lead the healthcare and life sciences practice in the firm’s development and consulting services group.