CBRE Realty Finance Inc. Announces Move to OTC Market

CBRE Realty Finance, Inc. announced that the Company was notified by the New York Stock Exchange that it will permanently suspend trading of the Company’s common stock as of the close of market on November 7, 2008. The delisting is the result of the fact that the Company has fallen below the NYSE continued listing standard regarding average global market capitalization over a consecutive 30 trading day period of at least $25 million. As of November... 

URDANG and Onyx Equities Sell White Plains, NY, Office Building for $82 Million

URDANG, part of BNY Mellon Asset Management, and Onyx Equities, LLC, have completed the sale of a 320,000-square-foot office building in White Plains, New York, for $81,775,000. The multi-tenant, fully occupied building at 1311 Mamaroneck Avenue had been part of the URDANG Value-Added Fund, L.P. portfolio, a real estate investment vehicle formed by URDANG Capital Management, Inc. to acquire a portfolio of value-added properties located throughout... 

Los Angeles Real Estate Firm Makes Second Acquisition In Dallas’ Uptown

M West Holdings, LLC has acquired 4245 N. Central Expressway in Dallas, Texas from Behringer Harvard in an off-market transaction coordinated by Mr. Gary Carr of CB Richard Ellis. The 87,292 square foot office building is situated at the northwest corner of Fitzhugh Avenue and N. Central Expressway. According to Mr. Karl Slovin, President of M West Holdings, the property “will be re-branded as ‘4245 Uptown’ to take advantage of its... 

American Realty Capital Enhances Account Management Services and Client Support through Conversion to State-of-the-Art Recordkeeping Platform

American Realty Capital announced today that it has completed the transition of recordkeeping for its real estate investment trust (REIT) products to DST Systems, Inc., the largest, third-party mutual fund shareholder recordkeeping service in the United States. The move will provide financial advisors and investors with comprehensive investment support; including 24/7 web-based account management services and an advanced transfer agency and recordkeeping... 

Prudential Mortgage Capital Company Closes $46.5 Million Loan in Mexico for Verde Realty

Prudential Mortgage Capital Company recently closed a $46.5 million loan in Mexico on behalf of its general account for Verde Realty. The fixed rate 84-month term loan was combined with an existing $93 million loan. The pooled portfolio comprises 22 industrial manufacturing properties located throughout Mexico, in Tijuana, Juarez, Reynosa and Chihuahua. Prudential Mortgage Capital Company is the commercial mortgage lending business of Prudential Financial,... 

American Realty Capital Continues Expansion of Executive Team with Appointment of In-House Counsel

American Realty Capital announced the appointment of Jesse Galloway as its Assistant General Counsel. Mr. Galloway will advise ARC’s senior management team on real estate related legal issues. He will work closely with the Company’s outside legal counsel in representing ARC in its commercial real estate and financial transactions, including legal activities related to American Realty Capital Trust, the non-traded, public REIT which ARC advises,...