Investment Banking
Ockerbloom to Lead Jefferies’ Real Estate Investment Banking Unit
Securities and investment banking firm Jefferies & Co. has added real estate finance veteran John Ockerbloom to its leadership team. …
CommonWealth REIT Scores $750M Unsecured Credit Facility
Less than two weeks before an existing facility was to mature, the Newton, Mass.-based office and industrial REIT obtains a $750-million facility from an international consortium of banks. …
JP Morgan Chase Buys $3.5B Loan Portfolio from Citibank
JPMorgan Chase closes on the acquisition of a $3.5 billion portfolio of 3,800 performing multi-family and commercial real estate loans from Citibank.…
Boyd Gaming JV Closes $950M Borgata Hotel Casino Debt Financing Deal
Marina District Development Co., the Las Vegas-based 50/50 joint venture that owns the Borgata Hotel Casino and Spa in Atlantic City, N.J., has wrapped up debt financing totaling $950 million.…
Canyon-Johnson Equity Paves Way for New Baltimore-Area Mixed-Use Project
The Oxford Square transit-oriented development project in Hanover, Md., just got a substantial boost--in the form of preferred equity capital totaling $17.5 million from Canyon-Johnson Urban Funds. And while mixed-use projects are hardly rare in the area today, BRAC promises to increase demand in the near future.…
Prudential, Johnson Capital Form Multi-Family Partnership
Prudential Mortgage Capital Co. has long wanted to add Freddie Mac Program Plus capabilities to its quiver. A new strategic partnership with Johnson Capital makes that possible. …
Economy Watch: Capmark Files for Bankruptcy
Major commercial real estate lender Capmark Financial Group Inc. and various subsidiaries have filed for Chapter 11 bankruptcy, which last month the company had warned was coming. The move will allow the Capmark to reorganize and, very likely, delay selling off some of its $20 billion-plus in assets at less-than-desirable…
Economy Watch – Homebuyer Tax Credit Sees Some Cheating
In testimony reminiscent of dogs getting credit-card applications approved back during the mid-2000s credit bubble, a Treasury Department inspector told Congress that kids as young as four years old have been able to receive $8,000 first-time homebuyer tax credits. “Some key controls were missing to prevent an individual from erroneously…
Economy Watch: Beige Book Describes Modest Recovery
The Federal Reserve’s most recent Summary of Commentary on Current Economic Conditions, better known as the Beige Book, wasn’t exactly cheerful about the state of the U.S. economy toward the end of annus horribilis 2009. But it wasn’t precisely pessimistic either. …
Economy Watch: No Rush to Build More Houses
U.S. housing starts posted a gain in September, but only a modest one,pointing to a still-modest rate of recovery for the overall economy.According to the U.S. Department of Commerce, the rate of new homestarted inched upward by 0.5 percent during the month to a seasonally adjustedrate of about 590,000 units.…
Loading ...