Finance
SunEdison Secures $300M for Solar Projects in U.S. & Canada
The solar energy services provider just obtained a $300 million three-year revolving credit facility through Deutsche Bank Securities Inc. and Rabobank.
Sabal Acquires $153M Loan Portfolio Secured by CRE
Purchased from a bank in the Midwest, the geographically diverse portfolio is secured by retail, office and industrial assets.
Kayne Anderson Takes 161-Unit Student Housing Complex Near USC
The $55 million property opened this fall.
Economy Watch: Fed Does the Twist; Pulse of Commerce Index Slips
The Fed’s Open Market Committee passes on QE3 and opts for a shift to shorter-term bonds.
Capmark Sells Low-Income Housing Portfolio for $102.4M
Two weeks after having officially emerged from bankruptcy, Capmark has sold its collection of partnership interests and other assets associated with 287 properties encompassing 45,000 low- and moderate-income housing units to Hunt Cos. for $102.4 million.
Grandbridge Funds $72M Loan through Freddie Mac for Florida Multi-Family
Grandbridge Real Estate Capital just closed a $72 million Freddie Mac first-mortgage loan secured by Paradise Island, a 1,112-unit apartment property in Jacksonville, Fla.
Howard Hughes Corp. Completes $250M Loan for Hawaii Mixed-Use Retail Center Project
The Howard Hughes Corp. just received a $250 million loan for the redevelopment of Ward Centers, a 550,000-square-foot shopping district in Honolulu that is set to evolve into a premier mixed-use asset.
DLA Piper Panelists: REITs Doing Well, but the CRE Market is Mostly Brutal
On the final day of the DLA Piper Global Market Summit in Chicago, panelists were honest about what scares them in CRE market trends but pointed out that REITs are still a bright spot for the industry.
DLA Piper Panelists: This Summer Took a Toll on CRE
Is the market recovery for real? The question seemed reasonable in the summer, but volatility is back in the capital markets, according to the panelists at DLA Piper’s Global Real Estate Summit 2011.
DLA Piper Survey: 70 Percent Stay Bearish for the Upcoming Year
The results of DLA Piper’s fifth State of the Market Survey showed that 70 percent of the top executives within the real estate industry — CEOs, CFOs, COOs and other senior positions — are bearish overall on the economy.