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LONG-TIME NORTHMARQ LEADER KEN STOCKTON PASSES AWAY

by admin July 13, 2012

HOUSTON — Ken Stockton, a longtime leader with NorthMarq Capital, passed away in Houston on Thursday, June 28, at the age of 68. Stockton was one of the founding members of Houston mortgage banking company Stockton, Luedemann & French, which later became Stockton, Luedemann, French, Jackson and West, and was acquired by NorthMarq in 1998. “Ken accomplished many things over his short time with us,” says Ed Padilla, CEO of NorthMarq Capital. One that will live with many of us was his impact on the growth and development of our great company, NorthMarq Capital. We are forever grateful for his counsel, leadership and contributions.” Stockton, Bill Luedemann, Kerry French, Dan West and John Burke founded their firm in 1985 after careers with another mortgage banking firm in Houston. SLFJ&W was the first of 13 acquisitions that NorthMarq made between 1998 and 2005, resulting in doubling of the offices and increasing the number of employees from 130 in 1998 to 360 in 2005. “Ken, Kerry, John, and I worked together for more than 30 years,” says Luedemann. We will miss his wisdom, his counsel, and his sense of humor.” “I had the privilege and pleasure of knowing and working with Ken …

July 13, 2012

DIVCOWEST, STOCKBRIDGE BUY GENESEE EXECUTIVE PLAZA IN SD

by admin November 9, 2011

SAN DIEGO – DivcoWest and Stockbridge Capital Group have formed a joint venture to purchase the Genesee Executive Plaza, a 159,425-square-foot, Class A commercial and medical office complex in San Diego, for an undisclosed sum. Genesee Executive Plaza was built in 1984 and resides within San Diego’s University Town Center submarket. It recently received $1.2 million in capital improvements. The plaza is currently 69 percent leased, and has been approved for an additional 22,500 square feet of medical office space. The property was marketed by Fred B. Cordova, Mark A. McEwen, Tom Mercer, Paul Braun, Chris Ross and Ryan Eddy of Colliers International.

November 9, 2011

Industrial Texas

HAGGARD & STOCKING’S WOODWAY FACILITY NOW OPEN

by admin August 22, 2011

WOODWAY — Haggard & Stocking Associates, Inc. (H&S) has opened an approximately 20,000-square-foot warehouse facility in Woodway, which cost approximately $1 million to construct. H&S serves the industrial marketplace, including the airline, rail, aerospace and automotive industries. H&S previously had a facility that was approximately 5,000 square feet located at 7201 Santos Cir.

August 22, 2011

Office Western

HARVEST, STOCKBRIDGE BUY CENTRAL PARK PLAZA

by admin July 5, 2011

SAN JOSE, CALIF. – Harvest Properties and its partner, Stockbridge Real Estate, have purchased Central Park Plaza in Silicon Valley for an undisclosed sum. The recently renovated campus includes six, two-story Class A office buildings that total 300,954 square feet. HFF's Michael Leggett, Gerry Rohm, David Karol and Steve Golubchik participated in this transaction. Harvest Properties, which has managed Central Park Plaza since 2006, will continue to manage the property.

July 5, 2011

Industrial Northeast

C&WSG ARRANGES $7.85M FINANCING FOR 80 STOCKWELL DR.

by admin June 24, 2011

AVON, MASS. — Cushman & Wakefield Sonnenblick Goldman has arranged a $7.85 million fixed-rate mortgage on behalf of a joint venture between Condyne and The Davis Cos. for the acquisition of a 248,000-square-foot industrial warehouse and distribution facility located at 80 Stockwell Dr. in Avon. Richard Swartz and Jay Wagner of the firm’s Boston office secured financing for the property through Brookline Bank.

June 24, 2011

Retail Texas

NORTHMARQ ARRANGES $6.5 MILLION FOR STOCKYARDS CENTER

by admin November 11, 2010

FORT WORTH — John Burke of NorthMarq Capital's Houston office has arranged first mortgage financing of $6.5 million for Stockyards Center, a 102,910-square-foot, grocery-anchored shopping center located at 201 N.E. 28th St. in Fort Worth. A long-term, fixed-rate loan was arranged for the borrower, Houston-based United Equities, through NorthMarq's correspondent relationship with Aetna.

November 11, 2010

Northeast Office

AMERICAN STOCK TRANSFER BUILDING TO RECEIVE GREEN RENOVATION

by admin July 16, 2010

NEW YORK CITY — Construction is currently under way for the headquarters building of American Stock Transfer & Trust in Brooklyn, New York City. The project will focus on making the 145,600-square-foot building more sustainable. Energy-efficient mechanical, electrical and HVAC systems will be installed. The four-story building will also make better use of natural light. Other renovations will include a redesign of the building's façade, a new main entrance and new office layouts. W. Lerman Architects is designing the project. Completion is slated for the fourth quarter.

July 16, 2010

Western

CBRE OFFERS 50 MILLION SHARES OF CLASS A COMMON STOCK

by admin November 13, 2008

LOS ANGELES — CB Richard Ellis Group Inc. (NYSE: CBG) is planning to offer 50 million share of its Class A Common Stock in a public offering. Additionally, the company has provided underwriters of the proposed offering an option to purchase an additional 7.5 million shares to cover over-allotments. CBRE plans to use the net proceeds for general corporate purposes. Credit Suisse Securities (USA) LLC and Banc of America Securities LLC will act as joint bookrunning managers for the offering.

November 13, 2008

Northeast

LEXINGTON, VORNADO, WINTHROP ACQUIRE 15 MILLION SHARES OF LEXINGTON STOCK

by admin October 30, 2008

NEW YORK CITY, PARAMUS, N.J. AND BOSTON — New York City-based Lexington Realty Trust has agreed to the forward purchase of 3.5 million shares of its own common stock, in addition to the sale of 11.5 million additional shares to two Northeast REITs. Paramus-based Vornado Realty Trust will acquire 8 million common shares of Lexington’s stock, bringing its total number of Lexington common shares owned to 16.1 million. Boston-based Winthrop Realty Trust also agreed to purchase 3.5 million shares of Lexington’s common stock. All of the shares purchased in the transaction were traded at a price of $5.60 per share. The shares were previously held by AP LXP Holdings LLC, an affiliate of Apollo Real Estate Advisors III LP. In connection with Lexington’s forward purchase of its shares, the company has prepaid 50 percent of the purchase price and will make floating payments during the 3-year term of the forward purchase at an interest rate of LIBOR plus 250 basis points per annum. Vornado and Winthrop have also arranged 3-year, non-recourse financing at 50 percent of the purchase price for their commons shares purchased. The interest rate is also LIBOR plus 250 basis points.

October 30, 2008

Hospitality Southeast

MUMFORD COMPANY ARRANGES TWO HOTEL SALES IN STOCKBRIDGE, GA.

by admin February 1, 2008

STOCKBRIDGE, GA. — An undisclosed Ga.-based buyer has purchased two hotel properties in Stockbridge, the Sleep Inn and Magnolia Inn, from Atlanta-based Kasandas Properties for $6 million. Steve Kirby and Burton Brooks of the Mumford Company’s Atlanta office arranged the sale. The buyer intends to retain the Sleep Inn franchise and continue to operate the Magnolia Inn as an independent hotel.

February 1, 2008

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