Business Specialties
General Growth Says Blackstone Plans $500M Investment
General Growth filed for bankruptcy in April 2009. At the time, it listed assets of $29.6 billion and debts of $27.3 billion. Earlier this year a consortium of Blackstone, The Fairholme Fund and Pershing Square Capital Management said they would provide as much as $8.5 billion to finance the company’s bankruptcy emergence.
Supergen Inks 30,000 SF Lease Renewal at Dublin Corporate Center
The center is managed by Tishman Speyer, which said the lease renewal will retain the company’s headquarters at the office campus through year-end 2015.
Rattner Joins Konover South as VP, Acquisitions
Throughout his career, Rattner has sourced and developed nearly four million square feet of retail and mixed-use projects and in 2008 founded Blue Sky Holdings, a private real estate investment advisory firm focusing on retail and multi-family acquisitions.
Jobless Claims on Rise
The Department of Labor said Thursday that seasonally adjusted jobless claims were up to 500,000 in the week ending Aug. 14, up 12,000 from the previous week.
Fannie Mae/Freddie Mac–Where Do We Go From Here?
Plenty of ideas on the future of mortgage lenders Fannie Mae and Freddie Mac emerged during a conference on housing finance hosted by the U.S. Department of the Treasury and the U.S. Department of Housing and Urban Development on Tuesday, August 17.
Grandbridge Closes $40.5M Housing Transaction for University of Louisville’s The Province
The fixed-rate loan was originated and closed by Grandbridge’s Columbus, Ohio office. Funding was provided by Freddie Mac under its Capital Markets Execution loan program, with financing secured for a new venture sponsored by The Edwards Companies and Kayne Anderson Real Estate Advisors, L.P.
Starwood Completes $178M Commercial Mortgage Securitization
The company separated the loans into senior and junior loans, with the five senior loans contributing a face value of $84 million to the securitization in addition to $92 million in proceeds. Starwood also retained $94 million in junior interests.
Marcus & Millichap Names Firoozabadi VP Investments
Firoozabadi most recently served as associate vice president investments. He received the designation in 2008.
Stuart Eisenberg: The Financial Oxygen Flows Again?
Even in times of lean and mean credit, lending remains the lifeblood–the oxygen in that lifeblood–of commercial real estate.
Geithner Homes in on Fannie, Freddie as Part of ‘Broader Failures’
Treasury Secretary Timothy Geithner didn’t hold back on Tuesday when addressing the role of government-sponsored enterprises Fannie Mae and Freddie Mac in the U.S. financial crisis.