Finance
NYU Capital Markets Special Report: Opportunity in Distress
This year’s Capital Markets in Real Estate conference by the NYU Schack Institute took on a decidedly positive note, with industry leaders seeing investment opportunities for CRE.
Reno’s Meadowood Mall Sees $125M Refi
Financing to the tune of $125 million has been put in place for Meadowood Mall, an 877,000-square-foot retail property in Reno, Nev., in a deal orchestrated by HFF on behalf of Meadowood Mall SPE.
$280M Mortgage for FiDi Office Through SL Green, Moinian JV
A joint venture of SL Green and The Moinian Group announced it has recapitalized 180 Maiden Lane, a fully leased, 1.1 million-square-foot Class A office tower on New York’s Downtown waterfront.
Investcorp Buys $40M Mezz Debt on NYC’s Paramount Hotel
Investcorp has picked up two existing mezzanine loans — a total principal balance of $40 million — backed by New York City’s Paramount Hotel and originated by Fillmore Capital Partners.
HFF Arranges $125M Financing for L.A. Office Portfolio
In the slowly expanding Los Angeles office market, Holliday Fenoglio Fowler has arranged a $124.9 million refi package for four office properties that total 543,162 square feet in Burbank and L.A.
ULI Special Report: Opportunities and Emerging Trends
While respondents to this year’s Emerging Trends poll took a somewhat pessimistic view of the market, panelists commenting on those results at the ULI Fall Meeting on Thursday took a less negative stance.
Washington is Top Investor Choice Again as Tough 2012 Looms: PwC/ULI Survey
Survey participants predict that 2012 will see more properties for sale but diminished buyer enthusiasm.
Ocwen Picks Up Saxon Mortgage from Morgan Stanley for $59.3M
October 26, 2011 By Barbra Murray, Contributing Editor Morgan Stanley has found a taker for Saxon Mortgage Services Inc. Morgan Stanley will sell the residential mortgage loan servicing firm to Ocwen Financial Corp. for $59.3 million–and approximately $1.4 billion for servicing outstanding advance receivables. Scheduled to close in the first quarter of 2012, the transaction comes five years after Morgan Stanley acquired Saxon for $706 million in cash. Upon the December 2006 completion of the purchase, Anthony Tufariello, then global head of the company’s Securitized Products Group, said, “This acquisition is another important step in our long-term strategy of building…
With $560M Deal, CubeSmart is Metro NYC’s Top Self-Storage Owner
The company just signed a deal to purchase a 1.6 million-square-foot collection of premier properties in metropolitan New York City from Storage Deluxe.
McRoberts Joins Prudential Mortgage, Latest in String of GSE Departures
Prudential Mortgage Capital has hired Michael McRoberts, the latest in a string of departures from the government-sponsored enterprises, to head its Fannie Mae and Freddie Mac lending business.