Thursday, September 24, 2009
Certified by American Institute of Steel Construction, Southeast Fabricators supplies fabricated products to support many industries including alternative energy, military, original equipment manufactures, telecom, aviation, and road construction.
Contact: Brook Hines, Tel: 407-541-4401, email@example.com, http://www.cushwake.com/
The $3.47 trillion in commercial/multifamily mortgage debt outstanding recorded by the Federal Reserve was a decrease of $9.9 billion or 0.3 percent from the first quarter 2009. Multifamily mortgage debt outstanding grew to $914 billion, an increase of $6 billion or 0.7 percent from first quarter.
"Commercial/multifamily mortgage debt outstanding fell by 0.3 percent in the second quarter, as the amount of loans paid-down and paid-off exceeded the amount of new mortgages taken out," said Jamie Woodwell, (top right photo) MBA's Vice President of Commercial Real Estate Research.
"Most major investor groups, including the CMBS market, life insurance companies and banks and thrifts, saw reductions in their holdings of commercial/multifamily mortgages, while Fannie Mae and Freddie Mac increased their holdings of multifamily mortgages."
Contact: Carolyn Kemp, (202) 557-2727, firstname.lastname@example.org
The Company intends to use the net proceeds from the offering to repay approximately $39.4 million of existing mortgage indebtedness secured by the Company’s Post Fallsgrove property and for an approximately $4.0 million prepayment penalty in connection with the repayment of the Fallsgrove indebtedness. The remaining net proceeds from the offering will be used for general corporate purposes, which may include funding the Company’s development pipeline or the repurchase of its outstanding preferred stock or senior unsecured notes.
Contact: David Stockert, CEO, Post Properties Inc., 404-846-5000
SANTA ANA, CA – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, has disclosed that the New York Stock Exchange, in accordance with the NYSE's standard policies, contacted the company earlier Wednesday in light of the recent trading activity in the company's common stock.
The company has advised the NYSE that it knows of no reason for the recent increased trading activity.
Contact: Janice McDill, Phone: 312.698.6707, Email: email@example.com
Contact: Paul M. Guyet, Student Housing Specialist, 407‐422‐0704, ext. 105
The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.18 percent.
The loan was originated by Edward Petti, (top right photo) Director, in Arbor’s full-service New York, NY lending office. “The client had a 1031 exchange that needed to be completed in 30 days,” said Petti. “Arbor committed and structured a closing that helped the borrower meet the requirements of the 1031 exchange and close in the necessary time frame.”
Contact: Ingrid Principe, P: 516.506.4298, F: 516.542.2555, http://www.arbor.com/, Follow us on Twitter @ arbor1
HFF senior managing director Tom Didio, (middle left photo) associate director Michael Lachs and associate Angela Jaramillo worked exclusively on behalf of Alfred Sanzari Enterprises to secure the seven-year, fixed-rate loan through CIGNA Investments.
Loan proceeds were used to refinance the existing first mortgage. The borrower was represented by Thomas Cangialosi of the Hackensack, New Jersey-based law firm, Winne, Banta, Hetherington, Basralian & Kahn.
Alfred Sanzari Enterprises is a New Jersey-based developer with a portfolio of more than five million square feet of commercial and multifamily space including office, industrial, apartments and hotels.
Thomas R. Didio, HFF Senior Managing Director, (973) 549 200, firstname.lastname@example.org
Kristen M. Murphy, HFF Associate Director, Marketing, 713) 852-3500, email@example.com