Commercial Real Estate Finance

The Week of June 27 - July 3

- The iconic Sears Tower in Chicago is the latest to “Go Green.” It will also be getting a hotel.

- Speaking of green, could Texas be home to the first green airport?

- Think fundraising is hard in this economy for RE funds?  Not for Blackstone.

- Maybe it wasn’t $200 psf, but an outdated medical office building traded for close to it in a down economy.

- A Washington firm secured over $79 million in financing for five apartment buildings.

- JE Robert Companies, parent of private equity real estate giant JER Partners, has appointed a new CEO.

- With GE announcing a new R&D facility outside Detroit, perhaps those houses will start to trade north of $10,000.

- How Green is your Green Building?  The USGBC plans on finding out.

- A developer is Secaucus proved you can get traditional office/industrial financing north of $15MM in today’s market.

- Colony Financial REIT has issued a half a billion dollar IPO.

- If you know anything about data centers, this will blow your mind.  If not, maybe the fact its being built right now will.

- Targeting REO properties? This new development might just be for you.

- A good life sciences company in a good market attracted a damn good-sized loan.

- Bank fo America Tower in Midtown Manhattan got $1.3B in financing from, well, themselves.

- Opus East and Opus West filed for bankruptcy this week, but different Chapters.