Finance Lending
Crowne Plaza Amsterdam City Centre Sold
May 14, 2008

Acting for an Institutional investor and InterContinental Hotels Group (IHG), Jones Lang LaSalle Hotels Inc. has completed the sale of the Crowne Plaza Amsterdam City Centre, which was sold for $111 million to joint venture HHR Euro CV. The Crowne Plaza Amsterdam City Centre was jointly owned by an institutional investor (83 percent) and IHG (17 percent). HHR Euro CV is a joint venture established in March 2006 between Host Hotels & Resorts, Inc., Stichting Pensioenfonds ABP, the Dutch pension fund for public employees, and an affiliate of GIC Real Estate Pte Ltd (GIC RE), the property investment arm of the Government of Singapore Investment Corp. The joint venture now owns eleven hotels in Spain, Italy, United Kingdom, Poland, Belgium and The Netherlands.

 
Recent Lending Headlines
$100M Fund Formed for Affordable Housing in LA
July 22, 2008
The City of Los Angeles has joined forces with Enterprise Community Partners to establish the $100 million New Generation Fund, the city's first multi-million-dollar financing tool for the development and preservation of affordable housing.
Dougherty, Paul Perseus Kicks Off $1B Participating Loan Program
July 21, 2008
Perseus Realty Partners L.L.C. has launched a new participating loan program that will provide one-stop shopping for a total of up to $1 billion in financing for office, retail, industrial and multi-family projects nationwide.
Pratt Secures $112M in Financing for New Louisiana Paper Mill
July 21, 2008
Pratt Industries U.S.A., one of the country’s largest paper and packaging companies, has secured $112 million through GE Commercial Finance Corporate Lending to fund the development, construction, and operation of a greenfield recycled containerboard facility in Shreveport, La.
NorthMarq Arranges $46M Financing for Maryland M-F
July 21, 2008
NorthMarq Capital Inc.’s Washington, D.C., office arranged a $46 million senior mortgage acquisition financing for the The Park at Kingsview, a 326-unit multi-family property in Germantown, Md.
lefleur jeff W. P. Carey Closes European Sale-Leaseback
July 21, 2008
W. P. Carey & Co. has reported that CPA(R):16 - Global, its publicly held non-traded REIT affiliate, has provided approximately 19 million euro of sale-leaseback financing to Schoeller Arca Systems through the acquisition of two manufacturing facilities located in Monheim, Germany and Nurieux, France.
 

 

Thursday REal Talk with Adam Perrotta
July 24, 2008
By Adam Perrotta, News Writer --In yet another example of an American firm's involvement abroad, Denver-based ProLogis has appointed Philip Dunne as COO of Europe and the Middle East. Dunne's appointment would seem to indicate that the firm has every...

Work Gets Underway on $500M Gates Foundation HQ in Seattle
July 24, 2008
By: Barbra Murray, Contributing Editor --Ground has just broken in Seattle on what will become the new home of the Bill & Melinda Gates Foundation. The multi-structure green headquarters campus (pictured) will encompass 900,000 square feet, including a visitor center,...

New York Housing Agencies Approve $329M to Build, Renovate Affordable Housing
July 24, 2008
By: Anuradha Kher, Online News Editor, Multi-Housing News --The boards of the New York State Housing Finance Agency (HFA) and its subsidiary, the New York State Affordable Housing Corp. (AHC), recently approved more than $317 million in financing to build...

ProLogis Makes More Big Moves in People, Places
July 24, 2008
By: Scott Baltic, Contributing Editor --In its fourth major personnel appointment in just a few months, distribution facility giant ProLogis has announced that Philip Dunne will join the company in the new position of COO/Europe and the Middle East. Dunne,...

ING Sells Roosevelt Raceway Center on Long Island for $103M
July 24, 2008
By: Judy Feldman, Contributing Correspondent --ING Clarion Partners L.L.C. has sold the Roosevelt Raceway Center in Westbury, N.Y. The New York office of Holliday Fenoglio Fowler L.P. announced the finalization of the $103 million sale and arranged financing, representing the...

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...