Finance Investment Banking
Financing for Suburban Boston Portfolio Paves Way for Repositioning
Aug 8, 2008

A financing deal valued at $27 .4 million has closed for a group of five office buildings totaling 226,000 square feet in Needham, Mass. With the assistance of commercial real estate capital intermediary Holliday Fenoglio Fowler L.P., a joint venture involving Commonfund Realty and Cabot, Cabot & Forbes secured a three-year adjustable-rate loan from Wells Fargo Real Estate Group Inc. Located about eight miles from downtown Boston, the portfolio sits within the 150-acre New England Business Center off Route 128. The joint venture plans to use the proceeds from the loan to reposition the portfolio through the redevelopment or releasing of the buildings. Presently, one entire structure is leased to Gold's Gym, while the remaining four buildings are unoccupied. Additionally, the property presents the opportunity for higher density development, and Commonfund and Cabot have already begun the permitting process for the construction of a Class A office project.

 
Recent Investment Banking Headlines
Financial Market Update: After the Closing Bell-Monday, Oct. 6
Oct. 06, 2008
Yo-yoing has become the norm on Wall Street as the Dow Jones Industrial Average stampeded down about 800 points and then sprang back up again toward the end of the trading day Monday, finishing down 369 points for the day. The Dow also ended below the 10,000 point mark for the first time in four years.
Fed Begins TAFfy Pull to Encourage Lending; New CDS Market Reported
Oct. 06, 2008
Earlier today, in a move intended to “encourage term lending across a range of financial markets in a manner that eases pressures and promotes the ability of firms and households to obtain credit,” the Federal Reserve Board announced that it will both start to pay interest on its depositories’ required and excess reserve balances and significantly increase the size of the Term Auction Facility (TAF) auctions, starting with today’s auction of 84-day credit.
Wells Fargo to Buy Wachovia for $15.1B; CitiGroup Cries Foul, Demands Deal Be Stopped
Oct. 03, 2008
Deal or no deal? Howie Mandel and the TV “banker” can’t help out this sticky situation involving three of the nation’s largest banks. Citigroup Inc. thought it had a government-sanctioned deal to buy part of the battered Wachovia Corp.’s assets for $2.16 billion and was surprised to learn early today that Wells Fargo had agreed to buy all of Wachovia for approximately $15.1 billion.
Financial Market Update: After the Closing Bell-Friday, Oct. 3
Oct. 03, 2008
Now that the $700 billion bailout is a done deal--the House of Representatives passed a revamped version this afternoon 263-171, and President Bush signed it without much delay--the long process of whatever it is the bill is supposed to do will start now.
Financial Market Update: After the Closing Bell-Thursday, Oct. 2
Oct. 02, 2008
Yesterday, hope. Today, fear. The Dow Jones Industrial Average lost 348.62 points today, seemingly upset by lousy numbers on the economy regarding jobs and manufacturing (see below). Among the decliners today were insurance stocks, stung by a passing remark by U.S. Senate Majority Leader Harry Reid (D.-Nev.) about a "well-known insurer" being on the edge of insolvency.
 

 

REal Talk with Adam Perrotta-Monday
October 06, 2008
By Adam Perrotta, News Writer --If it's true that misery loves company, the struggling American financial sector can at least take some solace in the fact that Europe is not immune to difficulties of its own, such as the struggles...

Financial Markets Update: Over the Weekend
October 06, 2008
By Dees Stribling, Contributing Editor -- It might have been a weekend, but there's no rest for attorneys. At least not those involved in the Wachovia-Citigroup-Wells Fargo dispute. A judge has granted Citi an injunction blocking further Wachovia-Wells Fargo negotiations...

Casino Hotels Feel the Pinch from the Economic Slowdown
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By Eugene Gilligan, Senior Editor -- Lower airline capacity, tighter credit markets and the general economic downturn now gripping the U.S. have taken a deep toll on casino hotels. A sector that was enjoying positive times as recently as 2007...

Manhattan Office Market Reaches Uncharted Waters
October 06, 2008
By Paul Rosta, Senior Associate Editor -- The flagship of the United States office investment and leasing market, Manhattan is now also at the heart of the financial crisis. The stunning events of recent weeks point to a new era...

Q&A: Trikona's Kalra Says Not Impacted by Down Cycle in India
October 06, 2008
By Barbra Murray, Contributing Editor -- While it is anticipated that it will be short-lived, India is currently facing a cyclical downturn in its economy, according to a recent report by real estate services firm Cushman & Wakefield Inc. However,...

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
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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...

It's All In The Message
August 29, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --Top CEOs understand the power, influence, and leverage created by great messaging. Do you ever find yourself sitting back and marveling at those chief executives who always seem to have the right thing...