Finance
$4B Better Buildings Challenge Unites Government, Private Sector
Saying “we can’t wait for Congress to act,” President Obama on Friday announced that over the next two years, nearly $4 billion in combined federal and private-sector money will be surging into energy upgrades to buildings.
PCCP Provides $69M for Salt Lake City Mall Renovation
In a renovation deal that will be ready for next year’s holiday season, PCCP announced last week that it provided a $69.2 million senior loan to recap and improve Salt Lake City’s Valley Fair Mall.
Washington REIT to JV with Trammell Crow on $95M Virginia Apartment Community
Capitalizing on the growing demand for residential rentals in metropolitan Washington, D.C., Washington Real Estate Investment Trust has entered into a joint venture with Trammell Crow Co. to build an apartment high-rise in Alexandria, Va., for $95 million.
In Depth: Lance Capital's Creative Financing Drives Brooklyn's 470 Vanderbilt Lease
While the ink has cooled on the lease signing at Brooklyn’s 470 Vanderbilt project, CPE was able to sit down with Lance Capital to see how creative financing terms pushed the deal through with the anchor tenant, the New York City Human Resources Administration.
Private Players to Fund $1B Solar-Energy Initiative for Military Housing
SolarCity and Bank of America Merrill Lynch have agreed on financing terms for SolarStrong, SolarCity’s plan to build more than $1 billion in solar power projects for privatized U.S. military housing communities across the country over the next five years.
Economy Watch: Central-Bank Action Cheers Investors
The major-league central banks of the world cut the price of borrowing dollars to forestall a liquidity crisis. The Beige Book found a few spots of growth in an otherwise tepid economy. And ADP said the U.S. economy added 206,000 jobs in November.
Emerging Trends 2011: A Year of Less
Emerging Trends crafters Jonathan Miller and Stephen Blank discuss this year’s findings with CPE TV during the ULI Fall Meeting. Click on the following headlines for more on the Emerging Trends results: ULI Special Report: Opportunities and Emerging Trends Washington is Top Investor Choice Again as Tough 2012 Looms: PwC/ULI Survey
Impactful Women
Five remarkable women were awarded CREW Network’s 2011 Impact Awards. CPE offers videotaped insights and written profiles of these pioneers, negotiators and mediators — specializing in development, service and finance.
Ziegler Arranges $143M Financing for Florida Seniors Community
Specialty investment bank Ziegler has helped Greystone Communities take a big step forward with the development of The Terraces at Bonita Springs, a continuing care retirement community in Bonita Springs, Fla., with the closing of an approximately $143.2 million issue.
Lowe Enterprises Arranges $51M Construction Loan for Miami Hotel
The road has been paved for the former Ritz Plaza Hotel in Miami Beach to be reborn as the 142-room SLS Hotel South Beach with the closing of a $51.2 million construction loan.