Finance
HFF Arranges $100M Credit Facility for McMorgan & Co.
Holliday Fenoglio Fowler has helped real estate investment adviser McMorgan & Co. LLC. orchestrate a $100 million credit facility.
Starwood Wraps Up $154.4M Mortgage Securitization
Starwood Property Trust has closed the first four loans of a securitization featuring a principal balance totaling $154.4 million.
Innkeepers Files Complaint Against Chatham, Cerberus Over $1.1B Deal
Just steps from emerging from Chapter 11, Innkeepers suffered a major blow when a joint venture of Chatham and Cerberus Series terminated a $1.1 billion contract, but Innkeepers plans to fight the hit in court.
HFF Orchestrates $44M for MF Projects in Raleigh, NYC Suburbs
The lending community’s interest in financing development projects is evident, and HFF has just orchestrated $44 million in financing for multi-family projects in Raleigh, N.C., and the suburbs of New York City.
Fitch: CMBS Loans Look Good; Most Will Pay at Maturity
According to Fitch Ratings, the CMBS sector is looking good as maturing loans reach the end of their terms, and more than $17.3 billion are scheduled to do so in 2012.
Hertz Gets $42M Loan in Downtown Cincinnati
Hertz Investment Group took a $42 million loan on The Center at 600 Vine, a 625,765-square-foot, Class A office building in Cincinnati, from U.S. Bank.
$78M in Refis for Beech Street Capital Across Three Deals
It’s been busy over at Beech Street Capital. In the last few days, the multi-family lender has closed three financing deals that total a combined price of $78 million.
Digital Realty Trust Secures $100M Unsecured Credit Facility, Eyes Asia-Pacific
Digital Realty Trust Inc. has big plans in the Asia-Pacific region, and the data-center solutions provider has just made a move in its facilitation of those plans with the closing of a new senior unsecured revolving credit facility valued at $100 million.
Capmark’s $4B Reorganization Plan Gets the Thumbs Up
Capmark Financial Group, which filed for Chapter 11 bankruptcy protection in 2009, is on the way to recovery with a reorganization plan that will deliver $4 billion in cash, stock and new debt to its creditors.
The Incredible Shrinking Stores
Whether it is a structural or cyclical trend, there may be a movement afoot toward smaller retail spaces that is driven by both retailer and investor preferences. Retailers, both big and small, from Walmart to Target to the neighborhood store, are downsizing footprints. By Keat Foong.