Finance
Cousins Recaps Struggling $177M Terminus 200 Office Building in Atlanta via New JV
Cousins Properties Inc. has traded one joint venture partner for another in the recapitalization of Terminus 200, its brand new $177.3 million Class A office tower in Atlanta’s Buckhead submarket.
Economy Watch: General Growth Says No Thanks, Simon
Simon Property Group’s “best and final” offer apparently was just that, or at least just its final offer, since the prize–a portfolio of 200 or so malls under the General Growth Properties banner–didn’t go to Simon on Friday after GGP’s board said no thanks and the bankruptcy judge went along with that decision.
Economy Watch: The Wall Street Slide of 2010
It’s early May and the U.S. economy is budding like a spring field–real green shoots this time, it seems–and yet Wall Street decides its time to panic.
FelCor Lodging Trust Wipes Out 2010 Maturities with New $212M Loan
Hotel REIT FelCor Lodging Trust Inc. has just gotten its hands on $212 million in financing for a nine-property hotel portfolio.
DLA Piper: Public, Private Markets Show Improvement
2010 is expected to provide major shifts in the capital markets, according to experts.
Prudential Kicks Off New Loan Program for M-F Property Owners
Endeavoring to help bridge the financing gap for multifamily property owners who do not meet the requirements for Fannie Mae or Freddie Mac permanent loans, Newark, N.J.-based Prudential Mortgage Capital Company has created the Agency Gateway program. The new vehicle will provide short-term loans for refinancing and acquiring multifamily assets.
DLA Piper Summit: Recession was ‘Panic’, Zell Says
Eighteen months ago the U.S. economy was in full-fledged panic. That’s according to Sam Zell, who spoke at DLA Piper’s Global Real Estate Summit 2010 on Tuesday. The chairman of Equity Group Investments spoke along with fellow panelist Michael Fascitelli, President and CEO of Vornado Realty Trust, at a panel titled “Where Have We Been and Where are We Going?”
Economy Watch: Simon Says, Pick Me! Pick Me!
Various news organizations reported separately on Monday that Simon Property Group Inc. upped its ante for General Growth Properties in its efforts to win GGP and its delectable 200-plus mall portfolio from the clutches of a group of investors led by Brookfield Asset Management Inc. Unnamed sources were cited.
DLA Piper: Market Has Reached Bottom
In advance of its Global Real Estate Summit 2010, legal firm DLA Piper has released its State of the Market Survey, which asserts that the market has indeed hit that much-vaunted bottom.
Economy Watch: Economy, Consumers Feeling a Little Better
The U.S. Department of Commerce reported on Friday that the nation’s GDP rose at an annualized rate of 3.2 percent during the first quarter of 2010.