News
Grandbridge Closes $40.5M Housing Transaction for University of Louisville’s The Province
The fixed-rate loan was originated and closed by Grandbridge’s Columbus, Ohio office. Funding was provided by Freddie Mac under its Capital Markets Execution loan program, with financing secured for a new venture sponsored by The Edwards Companies and Kayne Anderson Real Estate Advisors, L.P.
Starwood Completes $178M Commercial Mortgage Securitization
The company separated the loans into senior and junior loans, with the five senior loans contributing a face value of $84 million to the securitization in addition to $92 million in proceeds. Starwood also retained $94 million in junior interests.
Marcus & Millichap Names Firoozabadi VP Investments
Firoozabadi most recently served as associate vice president investments. He received the designation in 2008.
Stuart Eisenberg: The Financial Oxygen Flows Again?
Even in times of lean and mean credit, lending remains the lifeblood–the oxygen in that lifeblood–of commercial real estate.
Colliers Report: Big Box Retail Chains to the Rescue
Crumbling along with the housing market, the retail real estate sector took a nosedive a long time ago. However, according to real estate services firm Colliers International’s new white paper, The Big Box Dilemma, large big-box chains that managed to remain afloat during the economic crisis are beginning to soak up some of that space vacated by retailers who could not keep their heads above water.
Geithner Homes in on Fannie, Freddie as Part of ‘Broader Failures’
Treasury Secretary Timothy Geithner didn’t hold back on Tuesday when addressing the role of government-sponsored enterprises Fannie Mae and Freddie Mac in the U.S. financial crisis.
Q&A: Stadium Cost Overruns
Construction attorney Barry LePatner looks at this timely subject.
Bozzuto/Pritzker JV Invests in $200M Mixed-Use Project at Catholic University in D.C.
Less than a month after announcing the formation of a joint venture with an initial capitalization of $75 million for multifamily acquisitions and developments, Greenbelt, Md.-based The Bozzuto Group and Chicago’s Pritzker Realty Group have made their first investment.
Pacific Coast Capital, Ohio Public Employees Retirement System Form JV
Pacific Coast founding partner Don Kuemmeler said that due to the recession, there are fewer lenders willing to make and hold commercial real estate mortgages on their balance sheets and that the joint venture expects to hold the loans to maturity.
George Smith Completes $32M Multi-Family Construction Loan in Hollywood
The loan will finance the completion of an 180-unit project on La Brea Avenue and Hollywood Boulevard.