Finance
Silicon Valley Office Portfolio Yields $200M in Financing for Carl Berg
NorthMarq arranged financing for an unencumbered, 711,000-square-foot office portfolio in California’s Silicon Valley through Prudential Mortgage Capital Co.
EPA, Freddie Mac Team Up on Energy Efficiency Plan
The agencies will examine how energy efficiency boosts affordability in multi-family assets financed by Freddie Mac.
Seller Finances Heitman JV’s Purchase of DC Office Building
A joint venture of Minshall Stewart Properties and an affiliate of Heitman L.L.C. secured the financing from Lone Star Funds to acquire 1401 New York Ave., N.W., in Washington, D.C.
Starwood Picks Up Sizable REO Office, Retail Portfolio for $191M
Starwood Capital Group has completed, through a controlled affiliate, the acquisition of a pool of real estate-owned assets from special servicer CWCapital Asset Management L.L.C. for $191 million.
The January digital edition of CPE is now available!
Editor’s Note: New Year’s Resolutions This new year brings promise of further economic improvement, but as I noted last month, it brings ample challenges, as well. News Story: Reinventing South Street Seaport One thing is certain: South Street Seaport in Lower Manhattan will be getting a makeover. Trend Story: Return of the Hotel Renovation The hotel industry is undergoing a renaissance. Cover Story: Skill Search Hiring: Demand for Talent, with a Taste for Capital Raising and Deployment Stars to Watch: Rising Leaders in CRE Plenty of people land a great deal before the age of 40. Sustainability: Water Works Payback issues aside,…
Podcast: Lenders, Mortgage Banks Optimistic on 2014
Jack Kern and Mike Ratliff dissect the changing nature of mortgage banking, as well as the challenges and opportunities 2014 should present to the industry.
SPECIAL REPORT: Prudential Sees Economy Heating Up in 2014
Prudential expects the economic recovery in U.S. to gain momentum in 2014.
Michael Fried: Private Equity Funds in 2014
Michael Fried, founder & CEO of Phoenix Realty Group L.L.C., blogs on CPE’s From the Inside experts blog about what to expect from real estate private equity funds in 2014. Look for quarterly video commentaries from Fried and president Keith Rosenthal on From the Inside.
Pillar Financial to Acquire Cohen Financial by Year-End
In a deal that’s expected to close by year’s end, longstanding real estate capital services firm Cohen Financial will become part of Pillar Financial, an affiliate of Guggenheim Partners, Guggenheim announced Friday.
Mesa West Closes Debt Fund with $752M
Mesa West Capital got more than it expected when it closed its Mesa West Real Estate Income Fund III L.P.—$102 million more, to be precise. The debt fund manager raised a total of $752 million in equity commitments, outdoing its target of $650 million.
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