Finance CMBS
GM to Buy Properties in Detroit, Michigan, Issues Mortgage-Backed Line to Subsidiary
May 9, 2008

An 10-Q filing has confirmed GM's buy of three properties, including its Detroit, Michigan-based corporate headquarters, for a total of $826 million. The headquarters cost $626 million. The other $200 million went for Pontiac and Michigan-based administrative offices, according to the filing. In addition, the SEC filing reported that GMAC Financial Services was issuing a $3.5 billion senior secured credit facility to its wholly owned subsidiary Residential Capital L.L.C. or ResCap.

 
Recent CMBS Headlines
Pimco Takes MBS Stake
May 22, 2008
Newport Beach, California-based Pacific Investment Management Co. has taken $2.55 billion of mortgage-backed securities from Israeli bank Bank Hapoalim Ltd., according to a Bloomberg News report.
Freddie Mac Prices New $4 Billion Five-Year Reference Notes Due 2013
May 22, 2008
Freddie Mac has announced that it priced its new 3.750 percent $4 billion five-year USD Reference Notes security due on June 28, 2013.
Freddie Mac Prices New $4B Reference Notes Due 2010
May 21, 2008
Freddie Mac has announced that it priced its new 2.875 percent $4 billion two-year USD Reference Notes security due on June 28, 2010.
Land Secured for Charlotte-Area Mixed-Use Development
May 20, 2008
Cornelius Bromont L.L.C. has completed the acquisition of 104 acres in Cornelius and the surrounding Mecklenburg County, N.C., that will be the site of the mixed-use Village of Lake Norman.
Apollo Expands U.S. and European Debt Platform
May 19, 2008
Apollo Real Estate Advisors has expanded its team of senior executives focusing on European region and global senior debt securities, the firm announced.
 

 

How to Become a Great CEO
May 19, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --What does it take to become a great CEO? Much more than it did even 5 years ago to be sure. The rapidly changing global landscape and the evolving complexity of business makes...

Engaging Your Employees Essential
May 09, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --Long gone are the days where the executive leadership of a company can remain sequestered in their offices with an internal focus on hard metrics. It is the soft metrics of customer centricity...

The Name Game: Part 3
May 02, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --This is the third and final piece in this series on naming. The first column dealt with how to select a naming firm, the second one addressed the components that go into creating...

The Name Game, Part 2
April 25, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --This week's column is part two in a three part series on naming. Last week's column contained advice on how to select a naming firm and today I'll address the elements that go...

The Name Game: Part 1
April 18, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --The disciplines of branding and corporate identity have long been personal passions of mine, and nothing within this genre holds greater fascination for me than the practice of corporate naming. This column is...