Finance
Principal, Macquarie Team Up to Tackle CMBS Market
In a combination of Midwest and Down Under, U.S.-based Principal Real Estate Investors, the real estate arm of Principal Global Investors, and Macquarie Group, out of Sydney, Australia, are creating Principal Commercial Capital, which will focus on originating and securitizing commercial mortgages in the CMBS market.
First Financial Markets $90M Loan Portfolio for FDIC
The FDIC has tapped First Financial Network to market a multi-faceted portfolio of performing and non-performing loans valued at $90 million.
Morgan Stanley Mortgage Capital Supplies $700M CMBS Loan
The CMBS loan financed the acquisition of a leasehold position in the iconic 42-story Mobil Building in Manhattan.
Capital Markets Fire Up
By Mark Scott, Founder & President, Commercial Mortgage Capital: As we head into the fall, the market remains extremely busy.
Citizens Financial Leads $296M Financing for 1.2 MSF Chicago Office Project
Citizens Financial Group has paved the way for the O’Donnell Investment Co.’s $500 million development of 150 N. Riverside, a nearly 1.4 million-square-foot office high-rise in Chicago’s coveted West Loop submarket.
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Special Focus: Investment and the Capital Markets
Walker & Dunlop Structures Financing for 1,032-Unit M-F Portfolio
Walker & Dunlop has structured a financing package for Key Real Estate Co.’s acquisition of a 1,032-unit apartment portfolio in Texas and Louisiana.
Thor Refinances (Again) the Palmer House Hilton in Chicago
Thor Equities has completed a $420 million refinance deal for the historic Palmer House Hilton hotel in downtown Chicago.
Economy Watch: Home Prices, Negative Equity
The latest S&P/Case-Shiller Home Price Indices, which were released on Tuesday by S&P Dow Jones Indices, show a sustained slowdown in U.S. home price increase, and the national negative equity rate continued to decline in the second quarter, according to the Zillow Negative Equity Report.
ManuLife Buys Fully Leased 147 KSF Suburban Vancouver Office Building
ManuLife Real Estate has added a new asset to its Canadian holdings with the acquisition of a premier office building near Vancouver in Burnaby, B.C.