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1250 Broadway Closes with $215M Financing via Carlton
The deal for 1250 Broadway in New York City, as previously reported by CPN, has found funding through Carlton Advisory Services, which closed $215 million of acquisition and mezzanine financing for its acquisition, Carlton has announced.
GE Finances $67M for Offices
GE Real Estate has announced two office financing deals totaling $67 million.
Corus, Lehman Bros. Make D.C. Loans
Corus Bank closed a $72 million loan to MR BP Office #1 L.L.C. to finance the construction of a nine-story Class A office building located at 55 M Street SE in Washington, D.C.
CBRE Investors Closes $2.1B Real Estate Fund
CB Richard Ellis Investors has announced the closing of CB Richard Ellis Strategic Partners U.S. 5 to new investors.  Strategic Partners U.S. 5 consists of two limited partnerships, with raised equity commitments of $2.1 billion from institutional investors in the United States, Europe and the Middle East.
Crowne Plaza Amsterdam City Centre Sold
Acting for an institutional investor and InterContinental Hotels Group, Jones Lang LaSalle Hotels Inc. has completed the sale of the Crowne Plaza Amsterdam City Centre for approximately $111 million to joint venture HHR Euro CV.
Seven-Person East Coast Retail Team Joins HFF
Holliday Fenoglio Fowler L.P. has announced that a team of seven capital markets professionals and analysts will join the firm.
One Old Country Rd. Treeline Sells Nassau County Office Building for $65M
An entity controlled by The Treeline Cos. has sold One Old Country Road in Carle Place, N.Y., a five-story, 315,000-square-foot office building, for $65 million.
Palmetto Med Office Tenet Healthcare Plans Sale of 34 Properties Nationwide
After losing $31 million in the first quarter of the year--compared to a net income of $75 million in the first quarter of 2007--Dallas-based Tenet Healthcare Corp. today released details of its plan to sell 34 medical office buildings across the country.
Carlton to Market $69M of Loan Assets
Carlton has been retained to market and sell approximately $69.3 million of performing and nonperforming commercial mortgage loan assets on behalf of an institutional client, it has announced.
William Morris HQ $188M Financing Deal Paves Way for New William Morris HQ in Beverly Hills
A joint venture involving New York City-based George Comfort & Sons Inc. and Morgan Stanley Real Estate's Prime Property Fund, have secured $188 million in refinancing for an existing office structure and construction funding for the development of a new office and retail building in Beverly Hills.
GM to Buy Properties in Detroit, Michigan, Issues Mortgage-Backed Line to Subsidiary
An 10-Q filing has confirmed GM's buy of three properties, including its Detroit, Michigan-based corporate headquarters, for a total of $826 million.
Ontario's Next Generation Jobs Fund Likely to Have Real Estate Impact
The government of Ontario is on the verge of awarding a new series of grants to local businesses, a move that promises to stimulate demand for certain kinds of real estate indirectly, particularly space suitable for high-tech research or manufacturing.
Behringer Harvard Announces MF Development in Denver
Behringer Harvard has announced its investment in Alexan Prospect, a 400-unit multi-family community slated for construction in the Central Platte Valley, a 120-acre area immediately west of the Denver central business district.
GE Real Estate Names Brodsky Regional Sustainability Leader for North America Equity
GE Real Estate has announced that Stuart Brodsky has been named regional sustainability leader for its North America equity unit.
Chicago-Based Equibase Capital Makes Bridge Loan to Abbott Boston Development
Equibase Capital Group L.L.C., a provider of mezzanine capital to the real estate industry based in Chicago, has announced it has made a bridge loan to Abbott Real Estate Development, a residential development firm located in Boston.
Schostak Bros., BVT Form JV
Schostak Brothers & Co., a Livonia, Mich.-based commercial real estate development and investment firm, has announced the formation of a joint venture with German real estate investment firm, BVT Equity Holdings.
ING Real Estate, Grupo Carrousel, Operadore Punta Maroma to Develop $150M Resort in Mexico
ING Real Estate will partner with Grupo Carrousel and Operadora Punta Maroma to develop a new $150 million ocean front resort on Bahia Maroma along Mexico's Riviera Maya. The cost doesn't include the price of land.
GE Real Estate Funds Legacy Partners Pasadena, Calif., Buy
GE Real Estate has announced it has provided a $36.5 million first mortgage facility to Legacy Partners Commercial for its acquisition of an office building in Pasadena, Calif.
CalHFA Commits $2.4M for Affordable, Seniors MF
The California Housing Finance Agency (CalHFA) is once again teaming up with Habitat for Humanity to provide $2.43 million for first mortgages to stimulate new homeownership opportunities for more Californians.
Krolman, Janet GE Real Estate Funds $960M for 34-Property iStar Portfolio
New York City-based iStar Financial Inc. has taken a single-source $960 million loan against a portfolio of 34 triple-net-leased single-tenant properties. Holliday Fenoglio Fowler L.P.  arranged the adjustable-rate, interest-only loan through GE Real Estate.  
Colony Capital, Eurazeo Seek to Hold 30 Percent of  Accor
Europe hotel giant Accor SA may soon have Colony Capital L.L.C. and Parisian private equity firm Eurazeo holding 30 percent of shares, according to Bloomberg News.
Madison Capital, PREI Team for $1B Urban Investment Plan
As many investors hesitate to buy assets, even in New York City, Madison Capital and Prudential Investors have their eyes on the prize. The firms are joining forces to acquire up to $1 billion in retail and mixed-use properties, the partners disclosed earlier this week.
GMH Military Housing Division Bought by Balfour Beatty
Balfour Beatty Group has completed acquisition of the military housing division of GMH Communities Trust for $350 million, it has reported.
1100 louisiana Energy Firm Renews, Expands Houston Lease
As the energy business continues to grow in Houston, Enbridge Energy Partners L.P.-- operator of the world’s longest crude oil and liquids pipeline system--have added to their Houston office space at the 1100 Louisiana building with a long-term lease renewal and expansion.
InStorage REIT Taps Kan for Senior Management Appointment
InStorage Real Estate Investment Trust has announced that Judy Kan has been appointed senior vice president for investments.
 

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