With the five-year loans from 2007 coming due this year, and life firms and banks joining the mix, new CMBS originations won’t be too far off of the $35 billion 2011 figure.
CHICAGO-Jeff Patterson, president and CEO of Prime Group Realty Trust, talks with GlobeSt.com about Chicago office’s current success story, the renamed AMA Plaza.
FRANKFURT-The buildings, at 375,000 square feet total, include some residential and retail. The properties were supposed to be purchased by a new German REIT, but the deal was put on hold.
LONDON-The locally based firm has diversified its commercial and residential business away from being UK-centric, with 41% of revenue now coming from Asia.
CLEVELAND-Meridian Capital negotiated the CMBS funds from JPMorgan. Harbor, which is joined by Canada-Israel and Electra in the ownership, has pulled the tower off the market.
IRVINE, CA-States that have relieved bureaucratic foreclosure processes are starting to see filings flow, says a RealtyTrac report released this morning. But overall, 206,900 assets filed last month, indicating a slowing rate of decline.
KANSAS CITY, MO-The locally based firm has agreed to a number of new build-to-suit deals, mostly for new theaters around the country, as part of its $300 million property acquisition goal for 2012.
EVANSTON, IL-The building will have 175 units and will be known as Seventeen17. Carlyle Group provided $12 million for the project going up on another stalled condo project.
WASHINGTON, DC-Citi, SunTrust, Ally and MetLife were the only banks out of 19 to have failed a Federal Reserve stress test. The rest rejoiced, and some announced dividend hikes.
MADISON, WI-Both the local public company and the buyer, New York City-based Apollo, said Tuesday that the $703M purchase won’t close the 11 operating parks.