Finance Investment Banking
Financing for Suburban Boston Portfolio Paves Way for Repositioning
Aug. 08, 2008
A financing deal valued at $27 .4 million has closed for a group of five office buildings totaling 226,000 square feet in Needham, Mass.
AMB Ramps Up Industrial Property Presence in Mexico with Accion Takeover
July 25, 2008
AMB Property Corp., through an affiliate, has acquired the remaining 42 percent of G. Accion S.A. de C.V. that it had not previously owned. The purpose of the transaction was, according to AMB, to create a fully integrated platform from which the company will continue to develop, lease, acquire and operate industrial real estate in Mexico.
Trio of Leading Retail Names Now Under One Roof with Closing of Hudson's Bay Deal
July 17, 2008
NRDC Equity Partners has wrapped up its acquisition of Hudson's Bay Co., which is, at 338 years old, the oldest continuing operating company in North America, as well as the largest department store chain in Canada.
Digital Realty Trust Announces Pricing of Common Stock Offering
July 16, 2008
Technology-related real estate firm Digital Realty Trust has announced the pricing of a public offering of 5,000,000 shares of its common stock at a price of $38.42 per share, for net proceeds of approximately $183.9 million after underwriting discounts, commissions and estimated offering expenses.
United Capital Receives Acquisition Proposal
July 14, 2008
United Capital Corp. announced today that its board of directors received a letter from A.F. Petrocelli, its chairman, president & CEO, proposing to acquire all of the company’s outstanding common stock at a cash purchase price of $23 per share, which represents about a 15 percent premium over the average closing price of the company’s common stock on Friday.
Inland Takes $100M Interest in Wakefield 
July 10, 2008
Seeking capital to pursue healthcare real estate opportunities, NorthStar Realty Finance Corp. said today its healthcare real estate venture, Wakefield Capital L.L.C., sold $100 million in convertible preferred equity interest to Inland American Real Estate Trust Inc.
American Land Announces Review of Strategic Alternatives
July 08, 2008
American Land Lease Inc. said today that its Board of Directors is considering a broad range of strategic alternatives to enhance shareholder value.
Red Lion Gets $173M Purchase Proposal
June 30, 2008
Red Lion Hotels Corp. has not been on the hunt for a buyer, but that has not stopped Columbia Pacific Opportunity Fund L.P. from making an offer.
Pair of Austrian Developers Acquire Constantia's Real Estate Unit for $695M
June 30, 2008
Two large Austrian developers, Immofinanz AG and Immoeast AG, announced today that they have agreed to buy Constantia Privatbank AG real estate unit for $695 million.
Inmobiliaria Colonial Moves Closer to Selling Off Key Asset
June 27, 2008
Spanish real estate powerhouse Inmobiliaria Colonial SA has reaffirmed its commitment to selling its 15 percent stake in Fomento de Construcciones y Contratas SA (FCC), Spain’s third-largest construction company, according to a Bloomberg report.
J.C. Flowers, Grove Take Stake in Hypo
June 24, 2008
The offer made by a group of investors consisting of trusts advised by J.C. Flowers & Co. and funds managed by associates of Grove International Partners to obtain a stake in Hypo Real Estate Holdings A.G. has been accepted by Hypo shareholders.
Lehman Loses $2.8B, Cuts Commercial RE Exposure
June 16, 2008
Lehman Bros. announced today a net loss of $2.8 billion for the second quarter, ended May 31, 2008, compared to net income of $489 million for the first fiscal quarter of this year, and $1.8 billion for the second quarter of fiscal 2007.
Wilshire, NWJ Agree to Merger
June 16, 2008
Wilshire Enterprises Inc. and NWJ Cos., a privately owned real estate development company, announced today that they have entered into a merger agreement providing for a purchase price of $3.88 per share in cash for each of the approximately 7.9 million Wilshire common shares outstanding.
Staubach_Roger JLL, Staubach Rumors Grow Stronger with $735M Takeover Talk
June 13, 2008
Jones Lang LaSalle Inc. is in advanced talks to buy Staubach Co. in a $735 million deal, U.K.-based Property Week has reported, further strengthening recent and growing rumors of the possible purchase.
American Campus Communities Acquires GMH
June 12, 2008
Student housing REIT American Campus Communities Inc. has agreed to the purchase of GMH Communities Trust.
Starwood Capital Forms Public Infrastructure Subsidiary
June 12, 2008
Citing a need in today’s “increasingly turbulent real estate and credit markets," Starwood Capital Group Global L.L.C., has tapped two real estate executives to head up a new subsidiary that will manage investments in U.S. public real estate infrastructure bonds.
Staples to Take Over Dutch Office Supply Firm
June 11, 2008
Corporate Express NV, a Dutch office supplies distributor, has agreed to a takeover bid by Staples Inc.
erector NYC Trophy Update: GM Tower Gone, Chrysler Building Going, Macklowe Prizes on Block…Plus, a Spire to Inspire
June 11, 2008
The action has been as hot as Manhattan's recent heat-wave for New York City’s most prized towers.
Tough Times Still Ahead for Banks, Fed’s Kohn Tells Senators
June 06, 2008
Testifying before the Senate Committee of Banking, Housing and Urban Affairs yesterday, Federal Reserve Bank vice chairman Donald Kohn offered some indications of improvement in the U.S. banking sector, but on the whole painted a somber picture of the short- to mid-term outlook for the industry.
Senior Housing Properties Trust Prices Common Shares
June 04, 2008
Senior Housing Properties Trust has priced a public offering of 17,000,000 common shares of beneficial interest at a price of $21 per share.
Colonia, Merrill Lynch take Wohnbau Portfolio
June 02, 2008
Colonia Real Estate AG and Merrill Lynch Global Principal Investments signed a $160 million purchase contract for a residential portfolio from Wohnbau GmbH, Bonn.
collins JLL, RICS Reports Note Decline in Global Investment Volumes, Tenant Demand
May 30, 2008
After a record 2007, global investment market volumes are expected to be down more than 30 percent over this year, while tenant demand for global property has turned negative for the first time in four years and interest in emerging markets is beginning to decline, Jones Lang LaSalle Inc. and Royal Institute of Chartered Surveyors reports have found.
Capital Senior Living Special Committee Engages Financial Advisor
May 30, 2008
Capital Senior Living Corp., said today that a special committee of its board of directors has retained Banc of America Securities L.L.C. as its financial advisor to assist the committee in exploring and considering a range of strategic alternatives.
Grandbridge Receives MAP Certification
May 29, 2008
Grandbridge Real Estate Capital L.L.C. has received U.S. Department of Housing and Urban Development approval to operate as a multifamily accelerated processing lender for multifamily and health care programs.
JLL Global Capital Markets Expert Carpenter to Advance Loan Sale Advisory Service
May 29, 2008
Noble Carpenter has been appointed to lead Jones Lang LaSalle's loan outsourcing and disposition as part of the firm's real estate investment banking team.
 

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REal Talk with Adam Perrotta-Tuesday
August 19, 2008
By Adam Perrotta, News Writer --In the latest example of a firm looking to snap up debt in the wake of the credit crunch, Apollo Real Estate Advisors has pumped up funding for its debt investment fund to $930 million....

PNC Finances $354M for Trio of California Projects
August 19, 2008
By Adam Perrotta, News Writer -- PNC has provided a total of $354.4 million in financing to three separate projects in California. In the largest financing, PNC subsidiary PNC Real Estate Finance extended a $300 million term/construction loan to Macerich...

N3 Capital Partners Changes Name to Pennybacker Capital, Eyes $250M in Investments
August 19, 2008
By Gail Kalinoski, Contributing Editor -- As it prepares to move from Fort Worth to Austin this fall, real estate private equity firm N3 Capital Partners L.L.C. has changed its name to Pennybacker Capital L.L.C. The firm also announced plans...

Experts: Lehman RE Sale Could Be Major Opportunity
August 19, 2008
By Eugene Gilligan, Senior Editor -- Lehman Brothers Holdings Inc.'s sale of its commercial real estate assets may entice opportunity funds with the patience to wait for a positive turn in the real estate cycle, according to two real estate...

Emaar Begins Sales at $3.2B Master-Planned Community in Dubai
August 19, 2008
By Gail Kalinoski, Contributing Editor -- Development in Dubai continues to explode with Emaar Properties, the Middle East's largest builder, saying it is beginning sales this week for its newest residential master-planned community. Mushrif Heights is estimated to cost $3.2...

Is Family Business a Good Idea?
August 15, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --Oh what a conundrum! Family business: Should I, or shouldn't I? In my opinion there really isn't a right or wrong answer to this question. It is simply a matter of personal preference....

What to Do When Marketing Goes Wild
August 08, 2008
By Mike Myatt, Chief Strategy Officer N2growth --Have your company's marketing initiatives wandered astray? Is the proverbial tail starting to wag the dog with respect to your current marketing campaigns? How do you know when marketing is out of control?...

Six Mistakes Real Leaders Avoid
August 01, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --I recently had a reader ask: "Is there a simple test that can be used to quickly determine an executive's leadership ability?" The short answer is yes. There are, in fact, a great...

Top Brokers Do Deals in Bad Markets, Too
July 18, 2008
By Mike Myatt, Chief Strategy Officer N2growth --Many in the industry long for the frothy markets of 2005 when sellers experienced record low cap rates, buyers were aided by loose credit and a strong flow of funds from the capital...

Know Thy Customer
July 11, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --How well do you really know your customer? Let me put this as simply as I can. If you want to succeed in business you must be in touch with the demands of...