Finance Institutional Investment
GE Finances $67M for Offices
May 16, 2008
By: Thomas Peretti, Contributing Editor

GE Real Estate has announced two financing deals for office buildings, with total funding of some $67 million.

GE will provide Vision Equities with $30.6 million to refinance Parkway 120, a Class A office building located in Old Bridge, N.J. Vision Equities acquired the 211,900-square-foot office in 2001 and has increased its occupancy from 47 percent to 79 percent since then. Vision Equities will use the money to invest in the building to attract new tenants to the property.

Vision Equities, which operates approximately 15 million square feet of office space in Northeast New Jersey, has previously worked with GE Real Estate. GE indicated that a primary reason they entered into a relationship with the firm was due to its successful track record in the region. Vision Equities has been able to attract businesses such as Healthnet, Fragomen Del Rey, and VSNL to its properties in the New Jersey market.

GE Real Estate also announced it has loaned $36.5 million to an affiliate of Forester Properties to purchase an office building in Clayton, Mo. The 18-story, 295,600-square-foot National City Center is located near St. Louis County’s government offices. The deal took just six weeks to close and includes a hold back for tenant improvements in the amount of $2.5 million. The building, opened in 1999, includes a four level parking garage.

GE noted the attractiveness of the building to potential tenants and Forester’s expansion plans as the key factors in agreeing to finance the company’s purchase of the building.

GE Real Estate is a business unit of GE Commercial Finance. Both Vision Equities and Forester Properties cited the firm’s ability to provide low-cost, accessible financing in the current tight credit market as a key impetus to form a financial partnership with GE Real Estate.

 
Recent Institutional Investment Headlines
U.K. Shows New Initiatives, Europe Increases Coordination of Bailout
Oct. 13, 2008
Following an emergency summit Sunday in Paris, the 15 countries of the Euro zone agreed to guarantee new bank debt until the end of next year. The move will let governments prop up struggling banks by buying preferred shares.
Financial Market Update-Mon., Oct. 13
Oct. 13, 2008
Stock markets in Asia and Europe were up on Monday, after their significant losses Friday. Hong Kong was the star performer, up 10 percent, while various Euro-markets were up between 5 percent and 8 percent.
Paulson_Henry Financial Market Update: After the Bell -Friday, Oct. 10
Oct. 10, 2008
Investors usually pay lip service to long-term investing, but in times of crisis the reality is sell - everything - now! Panic was the order of the day on Wall Street, which saw the Dow Jones Industrial Average free fall 679 points, or about 7 percent, to the lowest level in five years. The Standard & Poor's 500 also lost about 7 percent. Painfully, especially to those who invested in the market a year ago, October 9 was the first anniversary of the all-time DJIA peak of 14,198.
paulson Financial Market Update-Thurs., Oct. 9
Oct. 09, 2008
Rather than merely haul away toxic bank assets at unreasonably high prices, thereby rewarding bankers for their bad judgment, word is (via various major news outlets) that Sec. Henry Paulson and his minions at Treasury are actually considering buying ownership stakes in the banks that the department helps with its $700 billion line of credit from the American people.
Central Banks Try Different Strategies to Stabilize Financial Crisis
Oct. 09, 2008
Just don’t call it “nationalization.” The Bush administration is reported to be considering taking equity stakes in some high-profile U.S. banks as its next measure to contain the global credit crisis. The decision, which is still up in the air, would not require new legislation, but would instead derive from powers already granted by the Emergency Economic Stabilization Act of 2008.
 

 

Will California's Fiscal Pain Spread to Commercial Real Estate?
October 13, 2008
By: Eugene Gilligan, Senior Editor --California's looming fiscal crisis is likely to take its toll on the state's commercial real estate sector. The credit freeze-up had deprived California of up to $7 billion in short-term financing necessary for day-to-day operations....

From CPN's Morning Newsletter-- Columbus Day Discovery: Global Recapitalization
October 13, 2008
By: Tom Dworetzky, News Editor --As CPN reported exclusively in our Daily News REport Morning Edition (subscribe here), with a shoutout to Bette Davis, it's been a bumpy weekend. First off, is it just us, or does recapitalizing every bank...

ProLogis Takes 300,000 SF Feet near Tokyo
October 13, 2008
By: Tom Dworetzky, News Editor --ProLogis Japan Properties Fund II has acquired a $65 million portfolio near Tokyo, it has reported. The deal includes three buildings totaling 300,000 square feet, all fully leased to three separate Japanese companies, located in...

Bush Meets with G-7, Speaks of Crisis
October 13, 2008
By: Tom Dworetzky, News Editor --President Bush spoke to the public from the Rose Garden Saturday after meeting with financial ministers from the G-7 nations. Bush met with Treasury Secretary Henry Paulson, Secretary of State Condoleezza Rice and finance ministers...

Financial Market Update: After the Bell -Friday, Oct. 10
October 10, 2008
By Dees Stribling, Contributing Editor -- Investors usually pay lip service to long-term investing, but in times of crisis the reality is sell - everything - now! Panic was the order of the day on Wall Street, which saw the...

Management Matters with Mike Myatt: Are Recruiters Effective?
October 10, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --Sourcing tier one talent is an issue for all businesses. I was recently asked if recruiters are effective, or if they're worth the investment. Since my firm has a talent management practice which...

Management Matters with Mike Myatt: Partisan Politics Not Always Bad
October 03, 2008
The truth about partisan politics is that contrary to public opinion, it's not always a bad thing. Likewise, bipartisan efforts don't always reflect altruistic behavior and selfless acts. From my perspective, it isn't necessarily the stance you take, but rather...

Management Matters with Mike Myatt: Facing Up to Rogue CEOs
September 26, 2008
By: Mike Myatt, Chief Strategy Officer, N2growth --Rogue CEOs. Given the recent failures of banks and financial institutions previously thought to be untouchable, there has been a tremendous amount of justifiable venom being spewed at the CEOs of these firms....

When to Consider Corporate Restructuring
September 19, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --Times are tough, and they're likely to get tougher, so my question is this; Should you, or should you not, consider a move toward corporate re-engineering? Whether directly or indirectly, your business will...

Expectation Alignment Key to 'Promise Management'
September 05, 2008
by Mike Myatt, Chief Strategy Officer, N2growth --The art and science behind making commitments and managing expectations has always been a critical skill set for senior executives and entrepreneurs to master. In fact, understanding how to come out on the...