Finance
As Grubb & Ellis Chapter 11 Begins, Questions Abound
Though the sale of Grubb & Ellis Inc. to BGC Partners Inc. and Grubb’s bankruptcy filing on Monday bring a harsh clarity to the troubled company’s recent travails, it might be a mistake to assume that we can now, finally, see where the situation is heading.
Mack-Cali, Winthrop Acquire Senior Mezz Loan on 1.7 MSF Stamford Portfolio
Mack-Cali Realty Corp. and Winthrop Realty Trust have attached themselves to a 1.7 million square-foot commercial real estate portfolio in Stamford, Conn., with their acquisition of a $40 million senior mezzanine loan position in the capital stack of the group of seven Class A office and multi-family assets.
John Manning on 2011's Rent Increases
John Manning, Jones Lang LaSalle’s managing director of real estate investment banking, examines last year’s rental increases and what that means for pricing opportunities and the lending market in 2012 — from the MBA CREF conference in Atlanta.
Most Powerful Mortgage Banks
Our survey of mortgage banking firms suggests that 2012 will be a good year for financing in spite of the challenges presented by an uncertain lending environment.
Grubb Files for Bankruptcy, Sells All Assets to BGC Partners
BGC Partners Inc., an intermediary firm to global financial markets, has just purchased “substantially all assets” of troubled commercial real estate services firm Grubb & Ellis Inc.
Hudson, RXR Launch Joint Lending Platform for New York Region
Real estate fund manager Hudson Realty Capital L.L.C. and RXR Realty, a private real estate company, have joined forces to create a commercial real estate lending platform focused on the New York Tri-State market.
Video Recap: State of the Industry from MBA CREF
Members of Jones Lang LaSalle Inc.’s executive team discuss industry trends from the Mortgage Bankers Association’s Commercial Real Estate Finance/Multi-Family Housing Convention & Expo 2012 that concluded last week in Atlanta.
Economy Watch: Home Builders, Manufacturers Perking Up
Home-builder confidence rose for the fifth consecutive month, reaching its highest level in four years. Manufacturing indices, too, are up. And the Fed reiterated its commitment to rock-bottom interest rates at least through the end of 2014.
Empire State to Become REIT? Plans $1B IPO
Malkin Holdings L.L.C., supervisor of Empire State Building Associates L.L.C., owner of the world-renowned Empire State Building in Manhattan, has gotten everyone’s attention with the revelation — in documents filed with the Securities and Exchange Commission — that ESB Associates plans to become a REIT.
HFF Arranges $85M Refi on 22-Property, 3 MSF Portfolio
An affiliate of a real estate fund managed by Oaktree Capital Management and Cohen Asset Management tapped Holliday Fenoglio Fowler to orchestrate a $85 million refinancing for a 22-property portfolio.