Peter O'Kane, who helped build Wilshire Financial into a powerhouse in the distressed real estate market, has teamed up with a Washington real estate firm to get back into the opportunistic investment arena.
The $704 million deal was generally well received, traders say, but got caught in receding swap spreads. Meanwhile, the next big conduit, the Lehman Brothers/UBS offering, is due to launch next Tuesday or Wednesday.
The owners of a Westchester, N.Y., office complex are pitching their property to opportunistic investors because of the potential increase in value presented by below-market rents and land that could be developed into additional space.
Credit Suisse First Boston's real estate products group, under new direction, plans two floaters and two fusion deals before the end of the year. Like CMBS originators across the board, its initial origination goals for the year have been cut...
After five years of seeing apartment rents climb in the Seattle market by about 5 percent annually, rents for the next few years are expected to inch up to 2.5 percent at the most because of a cooling economy and...
The unique 693,000-sf office campus sits on 138 acres and is surrounded by 1,000 acres of pristine countryside. Asking price: $60 million, with one catch. Lockheed would like to stay at the facility for another two years.
In a first-ever for the CMBS market, Lehman Brothers is planning to use the Internet to market a $1.4 billion transaction that it is planning with Warburg Dillon Read. It will also take orders for bonds over the Web.
A unit of the consulting firm has lured three senior executives from Landauer Associates' real estate investment banking operation to build a similar unit that will help clients find real estate equity and debt.
Don MacKinnon is resigning his post as head of DLJ's real estate finance group. His departure is the latest in a string at the investment bank.
Colony Capital and Sonnenblick-Goldman are teaming up with a Korean investment firm to buy a stake in a $270 million portfolio of distressed assets from the Korea Asset Management Corp.
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