Finance Institutional Investment
Chicago-Based Equibase Capital Makes Bridge Loan to Abbott Boston Development
May 6, 2008

Equibase Capital Group L.L.C., a provider of mezzanine capital to the real estate industry based in Chicago, has announced it has made a bridge loan to Abbott Real Estate Development, a residential development firm located in Boston.The highly-structured loan will be used to support Abbott Real Estate’s acquisition, zoning, and redevelopment of a vacant Wal-Mart located in Plymouth, Mass., into a 150 unit apartment complex on the property’s 5.8 acres of land. The apartment complex, known as Abbott Residences at Cordage Park, is the cornerstone of the Cordage Park Smart Growth District. Abbott Residences at Cordage Park will be a commuter-friendly development adjacent to the Plymouth MBTA station of the South Shore commuter rail line.

 
Recent Institutional Investment Headlines
Centro Sells Off U.S. Assets for $714M
July 15, 2008
Centro Properties, in an effort to deal with the heavy burden of debt that tanked the company’s stock price last year and put the company under new management, is selling 29 of the 31 retail properties held by its Centro America Fund (CAF) in the United States for about $714 million.
Radow, Norman Observers: Healthy Fannie, Freddie Key to Recovery
July 14, 2008
The Bush Administration unveiled plans on Sunday to aid Fannie Mae and Freddie Mac, the U.S.’s two largest mortgage finance companies, as concerns continue to mount about these government-sponsored entities.
wimbledon apts JP Morgan Acquires $150M NYC Apartment
July 10, 2008
P & H Associates has sold The Wimbledon luxury apartment building in Manhattan to JP Morgan Investment Management in a $150 million deal.
Trikona Inks Deal for M-F Redevelopment in Mumbai
July 09, 2008
As part of its commitment, announced in late 2006, to invest more than $1 billion in slum redevelopment in Mumbai, India, Trikona Capital Ltd. of New York City has signed on for a $40 million middle-class housing project in Bandra, a residential area adjacent to Mumbai’s Central Business District.
ChryslerBuilding Abu Dhabi Fund Acquires Chrysler Building
July 09, 2008
Another iconic New York skyscraper has been snapped up by a Middle Eastern sovereign wealth fund.
 

 

UrbanAmerica Takes Rubicon Portfolio for $515M
July 18, 2008
By Paul Rosta, Senior Associate Editor As some investors stay on the sidelines, others continue to see opportunity in softening asset values. UrbanAmerica, a New York City-based investment firm, has agreed to pay Rubicon America Trust $515 million for a...

Manhattan Mixed-Use Sold to Local Investor
July 18, 2008
By Scott Baltic, Contributing Editor A partnership including Kent Swig of Swig Equities L.L.C. has sold a pair of pre-war apartment buildings on Manhattan's Upper West Side to a locally--based operator of residential and mixed-use properties for $61 million, or...

Vegas-Area Resort Developer Files for Bankruptcy
July 18, 2008
By Tonie Auer, Southwest Correspondent -- A sluggish economy coupled with housing market woes nationwide trickled down to the robust Las Vegas housing market, contributing to the filing to reorganize under Chapter 11 bankruptcy for Lake at Las Vegas Joint...

Details Emerge for $90M Canadian Casino
July 18, 2008
By Barbra Murray, Contributing Editor -- Plans for a new destination casino in New Brunswick, Canada move closer toward realization as developer Sonco Gaming New Brunswick L.P. divulges details of the mixed-use property. The $90 million project will carry the...

REal Talk with Adam Perrotta-July 17
July 17, 2008
By Adam Perrotta, News Writer --Today's news was a mixed bag, as yet another disappointing report on the real estate market and a major tenant pulling out of the World Trade Center was balanced out by some good news, including...

Top Brokers Do Deals in Bad Markets, Too
July 18, 2008
By Mike Myatt, Chief Strategy Officer N2growth --Many in the industry long for the frothy markets of 2005 when sellers experienced record low cap rates, buyers were aided by loose credit and a strong flow of funds from the capital...

Know Thy Customer
July 11, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --How well do you really know your customer? Let me put this as simply as I can. If you want to succeed in business you must be in touch with the demands of...

How to K.I.S.S Problems Goodbye
June 27, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --Keep It Simple Stupid. One of the most effective ways to order your world is to simplify everything you encounter. The problem is that keeping it simple often becomes very difficult when our...

Does Appearance Matter?
June 20, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --So, do appearances really matter? They shouldn't, but the reality is that they most certainly do. As the old saying goes, "you only get one chance to make a first impression," and often...

Recognizing the Need for Change
June 13, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --Since the title of today's column is "Recognizing the Need for Change," I'm going to switch things up a bit and ask you to answer a question posed by me. I first warned...