Finance Lending
Hypo Real Estate Closes $126M Loan for San Francisco Office Acquisition
May 2, 2008

Hypo Real Estate Capital Corp. has closed a $126 million loan for the acquisition of Ygnacio Center in Walnut Creek, Calif., which lies in the East Bay region of the San Francisco Bay area.  The sponsor of the deal is Legacy Partners Realty Fund III L.L.C.  Ygnacio Center is situated on the intersection of Ygnacio Valley Road and Northern California Boulevard. The four-building property is adjacent to the Walnut Creek BART -- Bay Area Rapid Transit station. It consists of three mid-rise class A office buildings, and a parking structure. The property was developed in three phases over a period of 30 years and is currently 89 percent occupied. The property’s amenities include a 23,000-square-foot 24-hour fitness center, Starbucks and two cafés.

 
Recent Lending Headlines
From CPN's Morning Newsletter--
Columbus Day Discovery: Global Recapitalization
Oct. 13, 2008
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 in the world sound a bit like global socialism? No matter, after a Saturday of President Bush and G-7 platitudes, as reported by CPN, world leaders got busy with specific action plans. On the heels of Britain's and the United States' pay-for-equity bank-bailout plans, Germany and France announced Sunday respective pledges to take equity stakes in distressed banks and to guarantee bank lending for periods up to five years. Although the measures are concrete, each country in the EU, and elsewhere in Europe, will still act independently.
butchenhart Coping with the Capital Markets
Oct. 13, 2008
Right now, fundamentals in the multi-family and commercial sectors are not expected to reach distressed levels. But any further erosion of the economy will increase delinquencies and problems in our sector--and there is a reasonable risk that such erosion could occur. But that does not mean commercial real estate players have to sit helplessly on the sidelines.
cauley Will California's Fiscal Pain Spread to Commercial Real Estate?
Oct. 13, 2008
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.
$20M Financing Deal in Place for Atlantic City Retail Property
Oct. 10, 2008
Financing to the tune of $20 million has closed for English Creek Shopping Center, a 200,000-square-foot retail destination just seven miles from of Atlantic City, N.J. Acting on behalf of the borrower, David Cronheim Mortgage Corp. orchestrated the financing, which came in the form of a 10-year interest-only loan.
HFF Arranges $97M Refi for Industrial Portfolio
Oct. 10, 2008
The Dallas office of Holliday Fenoglio Fowler L.P. has secured $97.5 million in refinancing for a seven-property industrial portfolio comprising 2.2 million square feet in Florida, New Jersey, Oregon and Texas.
 

 

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...