Post Tagged with: "real estate"
Pure Industrial Real Estate Trust to acquire fully leased industrial property for $8.1M
On May 17, 2012, Pure Industrial Real Estate Trust announced that it has entered into an agreement to acquire a fully leased multi-tenant, income producing industrial property for a total purchase price of $8.1 million. The property, located in Winnipeg, Manitoba, has a total rentable area of 108,238 square feet. It is 100% leased to [...]
MAA acquires Allure in Buckhead Village
On May 14, 2012, MAA (NYSE: MAA), a real estate investment trust, announced that it has completed the acquisition of Allure in Buckhead Village, a 230-unit mid-rise multi-family apartment community located in Atlanta, Georgia. Allure in Buckhead Village, which was developed in 2002 by Trammell Crow Residential, is located in the desirable Buckhead sub-market of [...]
Starwood Property Trust announces $238M of capital commitments
On May 14, 2012, Starwood Property Trust (NYSE: STWD) announced that it is co-originating a $238 million financing package. The financing package includes a $125 million first mortgage loan, a $40 million senior mezzanine loan, and a $73 million junior mezzanine loan, which loan is the portion funded by Starwood Property Trust and is composed [...]
Empire Industries names CFO
On May 14, 2012, Empire Industries Ltd. announced that it has named Micheal Martin as CFO, effective immediately. Martin has been with Empire since 2010, in the positions of corporate controller and director of finance. “This appointment enables Campbell McIntyre, who has been doing double duty as CFO of Empire since 2010, to focus full [...]
Telx begins construction on $200M data center in New Jersey
On May 11, 2012, Telx, which provides global interconnectivity, cloud computing enablement services and data center solutions, announced that it has broken ground on the construction of its new flagship data center facility at Two Peekay Drive in Clifton, New Jersey. The new energy efficient and purpose-built cloud connection center will offer customized, high power [...]
Starwood Property Trust reports $170M capital deployment
On May 10, 2012, Starwood Property Trust announced that it has originated a $170 million first mortgage loan on two class B office buildings located in the SoHo district of Midtown Manhattan. The two properties, collectively known as One SoHo Square, are located at 161 Avenue of the Americas and 233 Spring Street comprise over [...]
HFBE announces $1billion estate merger between Bailey Properties and Summit Housing Partners
HFBE Capital LP, an affiliate of HFBE Inc., announced the $1 billion merger between Bailey Properties LLC and Summit Housing Partners LLC, creating BSR Trust LLC. The deal has been approved by both companies’ boards and is subject to regulatory approval and project lender consent. BSR Trust will operate 111 such communities in ten states [...]
Associated Estates Realty acquires Wilshire Boulevard property
On May 8, 2012, Associated Estates Realty Corp. announced that it has acquired the Wilshire Boulevard property in Southern California. The company purchased the historic Desmond’s Tower at 5500 Wilshire Blvd. and the adjacent parking lot. The acquired property comprises 2.21 acres with the parking lot area being entitled for apartments. The company plans to [...]
Cheniere to sell 31,000,000 common stock shares
Cheniere Energy Inc. announced that it has entered into a definitive agreement with institutional investors to sell 31,000,000 shares of its common stock at a negotiated price per share of $15.10. The offering is expected to close and settle on May 10, 2012. The company intends to use the net proceeds from the offering of [...]
iStar Financial prices $275M senior notes offering
iStar Financial Inc. (NYSE: SFI) announced that it has agreed to sell $275 million aggregate principal amount of its 9.00% senior notes due 2017 at 98.012% of their principal amount in a private offering. The company intends to use the net proceeds from the offering to repay unsecured indebtedness maturing in 2012. Source: iStar Financial
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