Altus Group Finalizes the Acquisition of Capital Planning Solutions Inc.

Altus Group Income Fund announced that it has completed the acquisition of Capital Planning Solutions Inc. (“CPSI”). Altus financed this acquisition with a combination of cash, bank financing and equity. “The acquisition of CPSI brings dynamic new opportunities to Altus in the rapidly growing field of strategic capital planning. CPSI’s team of talented professionals has developed highly sophisticated proprietary web-enabled... 

Wilshire Finance Partners Provides $375,000 Junior Debt toward Purchase of Minnesota Mall

Wilshire Finance Partners, a commercial real estate lending organization, announced that it provided New Ulm Retail and Development, LLC, Irvine, CA, with a $375,000.00 junior debt toward the purchase of Marktplatz Mall, New Ulm, Minnesota. American Bank of Minnesota carries the senior debt of $700,000.00 to complete the acquisition of $1,075,000 in funds. The 60,000 square foot mall is anchored by Herbergers, a regional chain of department stores.... 

Nomura Office Fund acquire 2 properties, PMO Nihonbashi Honcho and Nomura Sapporo Building

NOF intends to acquire 2 properties on Nov. 5, 2008 Left: ‘PMO Nihonbashi Honcho’, a newly completed high quality mid-size office building in central Tokyo. Right: ‘Nomura Sapporo Building’, a large scale office building with an excellent location and high specifications, completed in July, 2008 in Sapporo city, Hokkaido. Nomura Office Fund Determined the Acquisition – PMO Nihonbashi Honcho for JPY5,000 Million and Nomura... 

Behringer Harvard Acquires Office Tower in LoDo District of Downtown Denver

Behringer Harvard announced today its acquisition of 1875 Lawrence, a 15-story office building in the historic LoDo (Lower Downtown) area of Denver’s central business district (CBD). Built in 1982 on a half-acre site, the property provides approximately 185,000 square feet of rentable office space. A three-level underground garage provides parking space for tenants. “1875 Lawrence is an attractive acquisition that provides both strong... 

Cubellis Selected By Exeter Property Group to Complete Dorsey Commerce Center Expansion

Cubellis, an international architecture, interior design and engineering firm, is pleased to announce that it has been selected by Exeter Property Group to complete the expansion of the Dorsey Commerce Center. With the growing demand for warehouse space, Exeter Property Group is expanding the Dorsey Commerce Center in Jessup, Maryland, and is planning the construction of two new warehouses, designed by Cubellis. The expansion project, slated to begin... 

Chartwell Completes Acquisition of Remaining Joint Venture Interests in Its Quebec Property Manager and Properties

Chartwell Seniors Housing Real Estate Investment Trust and Groupe Melior announced today that Chartwell has completed the acquisition of the remaining 50% interest owned by Residences Melior (an affiliate of Groupe Melior) in seven retirement properties in the Province of Quebec, as well as Melior’s 50% interest in the joint venture property management company managing all of Chartwell’s senior housing communities in Quebec. Under the... 

Centerline Capital Group Closes $131MM Loan Package with Fannie Mae

Centerline Capital Group, a subsidiary of Centerline Holding Company, an alternative asset manager focused on commercial real estate funds and financing, today announced it closed the last of nine multifamily housing loan transactions. All loans were transacted in 2008 with Fannie Mae under its DUS program on behalf of a single borrower for a total of $131 million. Centerline provided the refinancing for a portfolio of eight South County apartment... 

Oaks Development Group Closes on 2.1 Acres for Medical Office Building in Palm Coast, FL

North Carolina-based Oaks Development Group announced closing on the construction loan for 2.1 acres at Pinnacles Park in Palm Coast, FL. Oaks will develop a planned medical office building on the property. SunTrust Bank in Cary, NC handled the loan closing for the project. Site work is scheduled to begin by the end of the year. Oaks is developing the 20,000-square-foot building using its unique ownership model that provides tenants with a piece of... 

Normandy Real Estate Partners Sells Quincy Crossing in Arlington, Virginia

Normandy Real Estate Partners, one of the largest real estate owners and operators in the Boston to Washington corridor, today announced that it has completed the sale of Quincy Crossing to Guardian Life Insurance Company for $55,500,000. Quincy Crossing is a 110,900 square foot Class A office building prominently located in the Rosslyn Ballston Corridor. Normandy will remain property manager for Guardian Life. Cassidy & Pinkard Colliers represented... 

PSM Holdings, Inc. (PSMH) Executes Memorandum of Understanding (MOU) Referencing the Planned Execution of a Merger Agreement

PSM Holdings, Inc. executes memorandum of understanding (MOU) referencing the planned execution of a merger agreement. This agreement would combine two outstanding financial services companies bringing PSMH to a highly sought after, financially strong and efficient company. “PSMH anticipates an acquisition of Complete Financial Services, Inc. (CFSI) which, combined with its already wholly owned PrimeSource Mortgage, Inc. (PSMI), would bring a total...