Finance
General Growth Gets $1.5B Refi on 16 Malls
General Growth Properties, U.S. Bank and RBC Capital Markets have closed on a $1.5 billion secured term loan refinancing 16 of GGP’s properties in the United States.
David Durning: Prudential’s Financing Goals for 2013
At the 2013 Mortgage Bankers Association CREF/Multifamily Housing Conference, David Durning, president and CEO of Prudential Mortgage Capital Co., explains Prudential’s targets for balance sheet, Fannie Mae, Freddie Mac and FHA, CMBS and bridge financing for 2013.
DLA Piper Special Report: CMBS Back, REITs Up, Liquidity Plentiful in Capital Markets
Speaking at the DLA Piper 11th Global Real Estate Summit in Chicago yesterday, industry movers and shakers remained only cautiously optimistic about the future of commercial real estate, despite several indicators pointing to a rebirth of the field.
Seeking to Boost Transparency, IPA Issues Standards for Non-Traded REITs
The Investment Program Association contends that the guidelines will boost confidence in non-listed investment vehicles by providing greater uniformity to financial reporting and valuation.
Cathy Marcus on Core Investment
Cathy Marcus, managing director & senior portfolio manager with Prudential Real Estate Investors, offers her insights into the investment outlook and what core investors are targeting.
Cathy Marcus on the Millennials
Cathy Marcus, managing director & senior portfolio manager with Prudential Real Estate Investors, discusses how the Millennials will impact commercial and residential properties.
Will the CMBS Comeback Be Derailed — Again?
There is some confidence now that a sudden evaporation of conduit financing is less likely this time around because the economic recovery appears to have legs.
Richard Walter: Banking on Distress
Bank Assetpoint senior managing director Richard Walter offers insight into the new online bank asset trading community and comments on opportunities in the distressed real estate market.
NY Life Finances LaSalle Investment Management’s Onterie Center Purchase
LaSalle Investment Management Inc. landed $125 million in financing from New York Life Insurance Co. for the acquisition of the mixed-use Onterie Center in Chicago.
Jamestown Enters Latin America
Jamestown is tapping into Latin America, where it has created a new division headed by a veteran executive with emerging markets experience.