Finance Institutional Investment
Behringer Harvard Announces MF Development in Denver
May 7, 2008
Behringer Harvard has announced its investment in Alexan Prospect, a 400-unit multi-family community slated for construction in the Central Platte Valley, a 120-acre area immediately west of the Denver central business district. Trammell Crow Residential will serve as developer of the project. Current plans include the development of an estimated 367,400 square feet of rentable space.
Recent Institutional Investment Headlines
Carlton Marketing, Selling $250M of Debt
May 22, 2008
Carlton Group is the exclusive advisor to market and sell $250 million of distressed debt and REO on behalf of two institutional clients, it has reported.
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.
Boston Properties, Goldman Sachs Partnership Eyes NYC's GM Building
May 21, 2008
An investment group including Boston Properties Inc., Goldman Sachs Group Inc. and two Middle Eastern investors is in negotiations to buy Manhattan's 1.8 million-square-foot General Motors building at 767 Fifth Ave.--along with other properties--from embattled New York developer Harry Macklowe for between $3.6 million to $3.9 billion, according to a report by the Wall Street Journal today.