Finance
Economist’s View: Inevitable Inflation
Growth of M1 — the money supply in circulation — in the United States (and most of the world) has seen double-digit, year-over-year growth for the first six months of 2011. And inflation is not only inevitable, it is here. By Dr. Peter Linneman.
$43M Refi for Texas’ Hilton DFW
There are even more signs of life in the hospitality sector, as HFF secured $43 million in financing for the Hilton DFW Lakes in Grapevine, Texas.
Talent Drain
CPE editor-in-chief Suzann D. Silverman writes in her August 2011 From the Editor about the talent drain at the GSEs.
JLL Secures Nearly $300M in Loans for Two Dallas Properties
JLL’s capital-markets team has secured two new loans: a $205 million transaction for The Crescent through MetLife and a $93 million deal for the Trammell Crow Center through Northwestern Mutual.
Oak Grove Capital Originates $59.5M in Fannie Funding for Affordable Housing in Chicago
Oak Grove Capital originated a $59.5 million Immediate Funding Fannie Mae NIBP Bond Credit Enhancement loan for the Related Cos.’ acquisition and rehabilitation of the 694-unit Parkway Gardens on Chicago’s Southside.
Sabal Financial Purchases $212M Loan Portfolio
Sabal Financial Group L.P. has snapped up a $212 million portfolio of performing and non-performing loans from a leading bank based in the Midwest. The portfolio includes real estate located primarily in Florida, Illinois and Wisconsin.
$118M Refi for Two-Building Complex Near D.C.
HFF announced the $118M refi of the 626,004-square-foot Century Center in Crystal City, Va., a two-building complex with ground-floor retail.
Avison Young Recaps 540 KSF in Boston
Taking advantage of its ability to lock in good financing, Avison Young recapitalized three commercial properties totaling 540,000 square feet in Boston and its suburbs.
CBRE Orchestrates $380M Financing Deal for NYC’s Chelsea Market
The popular NYC destination Chelsea Market underwent a $380M financing deal orchestrated by CBRE for Jamestown Properties.
HFF Engineers Sale, Acquisition Financing for 5-Property Houston Office Portfolio
HFF has wrapped up the disposition of the approximately 347,300-square-foot Westridge Realty Partners office-building portfolio in Houston.