Capital Markets

RANDALLSTOWN, MD-The Carriage Hill Apartments will continue to undergo its rejuvenation process with the assistance of a $36 million refinancing loan from Arbor Commercial Mortgage. Owner Sawyer Realty Holdings take on the 10-year loan at a rate of 7.11%

SAN DIEGO-The San Diego chapter of BOMA has elected its new board of directors. Cybele Thompson, RPA of PM Realty Group and general manager of the La Jolla Executive Tower, will serve her second term as president.

DETROIT-The smaller of the two grants, $150,000, helps the local Port Authority conduct environmental investigation and limited remedial activities on 35 acres along the Detroit River on West Jefferson Avenue.

PEABODY, MA-A luxury apartment complex here, Terrace Estates, receives $22 million in permanent mortgage financing. Funding for the 521-unit complex, developed by The Terrace Realty Trust, was provided by Freddie Mac through Legg Mason Real Estate Services/Spectrum Financial.

NEW YORK CITY-The Manhattan-based REIT and the New York State Common Retirement Fund expand their joint venture, adding $50 million and $150 million, respectively, for the acquisition of an additional $560 million in net-leased office and industrial properties.

DENVER-The median price of a condominium has remained unchanged in the past year, "not bad for a 'collapsing market'," agent Jerry McGuire tells GlobeSt.com. That can be read as a sign of stability for the commercial market, brokers say.

CHICAGO-Not only does the Downtown condominium market force Heartland Properties to make Phase II of Kinzie Station a rental property, it also decimates the REIT's third-quarter net profit as sales of units stall.

BURBANK, CA-Investment banker L.J. Melody arranges package from Principal Capital for Menlo's Burbank Empire Center office complex. The development will open next spring.