Berkadia Capital has enlisted Atlanta's CB Richard Ellis Institutional Group Vice Chairman Will Yowell to sell the Equitable Building in downtown Atlanta, Georgia. In 2007, Equastone acquired the property from LaSalle Advisors for $57 million. In 2009, Capmark foreclosed on the property, following Equastone's default on its $52 million mortgage. This ... More
Archive for June, 2010
REO Monitor: The Equitable Building, Atlanta
Saturday, June 12th, 2010REO Monitor: Times Square, McKinney, TX
Wednesday, June 9th, 2010Bank of America has selected CBRE to market Times Square at Craig Ranch in McKinney, Texas. Development costs totaled $52 million on this 313-unit apartment complex, which also includes 88,000 square feet of ground floor retail space. Completed in 2009, this project was developed by Evergreen Realty Partners. The project ... More
ING Clarion’s 2010 CRE Outlook
Tuesday, June 8th, 2010ING Clarion recently published their US View Research & Investment Strategy report. One of their more intriguing observations is the comparison of current the All Core Property Cap Rate to Treasury spread to its historical level. Overall, it appears that the current spread of 419 basis points, compared to the ... More
