Finance Institutional Investment
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 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.
GM Building 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.
CWCapital Finances $47M Corporate Center in Northbrook
May 21, 2008
CWCapital has provided $46.5 million in financing for the refinance of Corporate Center I and II located in Northbrook, Ill.
InterAmerican Acquisition Group to Acquire China City Planning & Infrastructure Development Firm
May 21, 2008
InterAmerican Acquisition Group Inc. has announced today that it has entered into a definitive agreement to acquire up to 89.6 percent of the capital stock of Sing Kung Ltd., a British Virgin Islands holding company and will also complete an exchange offer to acquire the balance at the closing of the acquisition.
 

 

How to Become a Great CEO
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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
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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
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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...