Finance Lending
Wrightwood Loans $28M for Seattle Office Buy
April 30, 2008

Wrightwood Capital has provided $28 million to finance the acquisition of an office building in Seattle by The Mayfield Cos. The Fourth & Pike Building is a 10-story office building with more than 96,700 square feet. The property has been designated as a Landmark building under the Seattle Landmarks Preservation Board and is currently leased to a mix of tenants, with three retail stores at ground level which include Ben Bridge Jeweler, Quicksilver, and The Walking Company. The 36-month loan was sourced through Tom Bracken of Capmark Finance.

 
Recent Lending Headlines
Financing in Place for Portland Industrial Property's Transformation
July 18, 2008
An historic Portland warehouse building is on track to evolve into a mixed-use property now that HomeStreet Capital has provided ConoverBond Development with $10 million in financing for the project.
Transwestern Provides Capital Markets Advisory Services for Solaris Residences
July 15, 2008
Transwestern's Structured Finance Group has provided capital markets advisory services for a $325 million capital structure for the construction of Solaris Residences.
$1B in Loans on 6 Retail Properties for Macerich
July 15, 2008
The unfavorable lending market is not holding everyone back. The Macerich Co. recently closed $895 million in financing on five retail properties and secured a commitment for a $150 million loan on a sixth asset.
Ben Bernanke Bernanke: Housing Crisis at Heart of Economic Woes
July 15, 2008
Federal Reserve Chairman Ben Bernanke told the Senate Banking Committee today the housing crisis coupled with rising oil prices are “at the heart of the current (economic) uncertainty.”
Holliday Fenoglio Fowler Arranges Financing for Cameron Creek Apartments in Fort Worth
July 15, 2008
The Dallas office of Holliday Fenoglio Fowler L.P. arranged $19 million in financing for Cameron Creek Apartments, a 446-unit, garden-style multifamily community in Fort Worth, Tex.
 

 

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...