VIP Waterfront: Royal is Real – Majestic Property at Waterfront

In the UAE’s crowded real-estate market, VIP Waterfront is carving a niche for itself, selectively catering to an exclusive clientele that understands and appreciates royal standards of living. With a team of highly qualified, dedicated professionals experienced in the real-estate markets of Europe and USA, VIP Waterfront has now turned towards the UAE with a fresh perspective on indulgence, the property market, and some prime, luxury real estate... 

Parkway Properties Announces Sale of Columbia, South Carolina Asset

Parkway Properties, Inc. announced the closing of the fee simple sale of the Capitol Center office property, located in Columbia, South Carolina. Capitol Center is a 460,000 square foot property that was 97.5% occupied as of September 1, 2008. The gross sales price was $47.5 million and represents a capitalization rate of approximately 9.5% on twelve months projected cash net operating income from the date of closing. Parkway received net cash proceeds... 

Equity Based Services, Inc. Acquires $11.3 Million Facility in Las Vegas

Equity Based Services, Inc. announced the acquisition of Silverado Self Storage in Las Vegas, NV. Silverado is located at 8250 South Maryland Parkway, with ample frontage along Interstate 215. This Class-A, institutional investment grade facility is located in an affluent infill location within Las Vegas. The project is positioned between three major thoroughfares, situated within a high density, well established, upper income area. Silverado boasts... 

Inland Real Estate Corporation Closes $140 Million Term Loan

Inland Real Estate Corporation announced that the Company has entered into a $140.0 million two-year unsecured term loan agreement with a lending group comprised of KeyBank, Bank of America, Wachovia, Wells Fargo and Charter One Bank. Borrowings under the term loan will bear interest at a variable rate equal to 200 basis points over the 30-day LIBOR rate in effect at the time of borrowing. The term loan has a scheduled maturity date of September 2,... 

HFF Arranges $90 Million Construction Loan for Archstone Avenir in Boston

The Boston and Dallas offices of HFF (Holliday Fenoglio Fowler, L.P.) announced that they arranged a $90 million construction loan for the development of Archstone Avenir, a 241-unit multifamily community in Boston, Massachusetts. HFF executive managing director Jody Thornton, director Anthony Cutone and associate director John Ahmed worked exclusively on behalf of Archstone to secure the 36-month construction loan through NEBF Investments (National... 

General Growth Repays $391 Million of Mortgage Loans

General Growth Properties, Inc. announced that it repaid $391 million of near term maturity mortgage loans, following another closing with respect to the staged funding of its $1.75 billion secured loan facility today. This brings the total loan facility amount currently outstanding to $1.41 billion. All remaining seven properties were added to the collateral pool which now completes the 24 property collection of assets. The company plans to add additional... 

Forest City Closes $167 Million Financing for Downtown Brooklyn Residential Building

Forest City Enterprises, Inc. announced that it’s New York-based subsidiary, Forest City Ratner Companies, has closed on $167 million in construction financing for 80 DeKalb, a 335,000-square-foot residential building on DeKalb Avenue in downtown Brooklyn. The 34-story, Costas Kondylis-designed building is the first residential tower constructed by Forest City in Brooklyn. It is designed to achieve LEED certification and will include 73 affordable... 

Business Park Serving Los Angeles and the Inland Empire is Acquired by Koll/PER Partnership for $39.9 Million

A 313,367-square-foot, multi-tenant business park that straddles the county line between Los Angeles and San Bernardino counties in Upland, Calif., has been acquired for $39.9 million by Koll/PER, a limited liability company owned by The Koll Company, the Newport Beach, Calif.-based real estate acquisition, development and management firm, and the Public Employee Retirement System of Idaho (PERSI). Consisting of 17 single-story industrial, office...