Thursday, September 20, 2007

AM Alert--Sentinel Closes on $532M America First Buy

Through our commitment to the Leadership in Energy and Environmental Design (LEED®) and ENERGY STAR® programs, Transwestern is taking the lead in the areas of energy efficiency and sustainability. By instituting no-cost and low-cost operational strategies and capital investments Transwestern has reduced energy consumption by 20 – 30 percent resulting in reduced CO2 emissions. To ensure continued excellence in our pursuit of energy efficiency and sustainability, Transwestern is training in-house property staff to "green" buildings using the LEED and ENERGY STAR rating systems, allowing us to better serve our clients. To see how Transwestern’s commitment to "green" initiatives can benefit you, please visit Transwestern Green Info
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BREAKING NEWS
Sentinel Closes on $532M America First Acquisition
NEW YORK CITY-The acquisition of all the common shares of America First Apartment Investors will add more than 7,000 apartments to Sentinel's portfolio.
EXCLUSIVE Rockefeller Group Forms Investment Sub
NEW YORK CITY-Dennis Irvin is tapped as president and CEO to head the group--which will greatly expand Rockefeller Group's global capabilities.
$118M Takes 835-Key Portfolio
ARLINGTON, VA-Interstate Hotels & Resorts and Investcorp Real Estate Group partner to buy three hotels in Maryland, Wisconsin and Kentucky.
FRESH EQUITY FOR EXISTING OWNERSHIP STRUCTURES
Madison International Realty specializes in acquiring existing limited partnership and joint venture interests, as well as providing new equity financing for existing ownership structures where owners and investors seek to: *Restructure balance sheets *Redeploy capital *Provide partners with an exit strategy. Transaction Sizes: $2 - $50 MM. Holding Period: 3 - 7 years. We invite you to contact us in confidence. 410 Park Avenue; NY, NY 10022; (212) 687-1899 rdickerman@madisonint.com    www.madisonint.com
MORE BREAKING NEWS
KeySpan Buyout Opens 125,000-SF Sublease
WALTHAM, MA-The space is seen as a competitive threat to new speculative construction underway in the Route 128 Central submarket.
EXCLUSIVE Equity Passes 400 Units to Neighboring Owner
CARROLLTON, TX-A Foster City, CA buyer grabs Dawntree Apartments in an off-market deal. Comparable sales are ringing up about $18 million at closing tables.
Emaar Pays $96M for Fifield Condo Site
LOS ANGELES-Dubai-based Emaar Properties and locally based John Laing Homes Luxury Division will complete Fifield's 21-story 1200 Club View project.
Buckeye EDC Offers $53M Incentive for Projects
LANSING, MI-An aerospace company plans to move into the Detroit area with the assistance, and Genesee and Oakland counties are getting millions of dollars to reverse blight and vacancy.
Certainty of closing in uncertain times
Harbor Group International, a global investment firm with strong financial resources, remains an active buyer and offers:
Quick Decisions
Quick Closings
Not Contingent on Financing
- CBD & Suburban Office
- Retail
- Multifamily
- Portfolios
Contact Richard Litton, President
trlitton@harborg.com | (757) 640-0800
www.harborgroupint.com
BREAKING REGIONAL NEWS
NORTHEAST
$150M Raceway Under Construction

MILLVILLE, NJ-The first phase of the three-phase project is slated to open in the spring with multiple courses and related amenities.
WEST
UPDATE: World Jewelry Center Gains FTZ Status

LAS VEGAS-The US Government’s formal approval of the planned 60-story tower as a Foreign Trade Zone further enhances its appeal as a place from which to operate.
SOUTHWEST
SCI Puts $45M On Line for 400-Unit Complex

TEMPE, AZ-SCI takes University House at Tempe from FirstWorthing for $44.7 million. The holding was an unsold piece of a nationwide student housing disposition.
MIDWEST
Morningside Plans $30M Mixed-Use Development

OAK PARK, IL-Chelsea Street will have 96 condominiums, 12,500 sf of retail space and 245 public parking spaces in addition to parking for development residents.
SOUTHEAST
$30M Loan Sparks Office Condo Conversion Project

MIAMI-Nexus Development Group will launch a $6-million renovation plan in the next few weeks at the 145,000-sf One Flagler.
AROUND THE GLOBE
Puerto Rico Med Building Sells for $30M

ARECIBO, PUERTO RICO-The island has attracted pharmaceutical and life sciences development by offering generous tax incentives.
UPCOMING EVENT
Last Days to Save: CoreNet Global Summit Atlanta
Register now and save for the CoreNet Global Summit Atlanta, 28 – 31 October! Be sure to register for the CoreNet Global Summit Atlanta by 21 September 2007 and save on this opportunity to gain important business insights from your industry peers and to expand your network of business contacts that can help you take your business to the next level.

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TODAY'S SPOTLIGHT
UPCLOSE
Artisan's Marty Burger
'As one lender told me, 75% is the new 85%.'
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COMMENTARY
Rutgers' Carl Van Horn
'The labor shortage isn't unique to commercial real estate.'
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VIEWPOINTS
Life Sciences Emerging as Asset Class
‘The limited supply has positively affected asset value.’
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