Capital Markets

EDISON, NJ-The move will raise the REIT's unsecured revolving credit facility by $175M to a total of $775 million.

MORRISTOWN, NJ-The closed-end fund will target value-add industrial, retail and suburban office properties in the Northeast.

SAN JOSE, CA-The developer of the Bella Villagio Apartments here refinances the 231-unit property with a 10-year fixed-rate loan.

LOS ANGELES-The L.A.-based firm teams with New York City-based Real Estate Capital Partners to develop mixed-use projects on the West Coast.

ALBANY-A consortium of three state housing agencies approves $45 million in affordable housing financing for projects in New York City and upstate.

GAINESVILLE, FL-With a construction loan from SunTrust Banks Inc., the first phase of the Bartram project is expected to open in May 2008.

MALVERN, PA-Proceeds of the sale of $300 million in 10-year, unsecured notes will be used to pay down debt under the REIT's $600-million credit facility.

PALM SPRINGS, CA-The KOR Hotel Group renames its Estrella Resort & Spa, christening it the Viceroy Palm Springs. The company also plans an expansion of the property.