Real Estate Market Update - June 7, 2010


In this Issue:

*Deals Updates

..Maryland REIT acquires Los Angeles hotel for $46M

..Digital Realty Trust to buy five data centers

..LNR Property plans $1 billion CMBS offering

..American Realty Capital buys Sacramento industrial site

..Tesla to pay $42 million for NUMMI plant

..Pebblebrook Hotel Trust buys San Francisco hotel

..Lennar Corp. looks to distressed debt as slump persists

..HSBC Holdings to purchase D.C. office building

..Overton Moore Properties Announces the Final Sale at Empire Gateway Business Center

..Shorenstein Properties sells 125 Park Ave. for $330M

..KDX auctions $306M HUD portfolio

..Kearny Real Estate Co. sells half of Torrance Business Center

..Chinese firm buys Marriott in downtown L.A.

..Seattle property company buys St. Regis Beach Resort

..U.S. Bank to Purchase Landmark Building in Downtown San Diego, Preserve Beloved Whale Mural

..Equity Residential acquires luxury apartment property in Washington DC for $167M

..North American Development acquires Sacramento shopping center

..Chatham Lodging Trust buys six Homewood Suites for $74M

..Watermarke acquires Los Angeles residential complex for $48M

*Equity & Debt Updates

..$24M portfolio of nine hotel loans hits California market

..Goldman Sachs, Starwood near a deal on financing for hotel chain

..Ramco-Gershenson completes CMBS financing

..Glimcher gains $46M refinance for Polaris Towne Center

..HSBC Tower deal wraps up for $350M

Please see full article below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Allen Matkins | Attorney Advertising

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