|
|
|
|
|
Volume 2 - Number 19 | October 10, 2005
 |
Top Story: Special Report - Lifestyle Concept Driving Retail Investments
By Erika Morphy
For the past few years, it has been clear that so-called lifestyle centers--an upscale mall concept that features an open-air design and a more intimate and picturesque environment--have become a leading driver in retail development. Patrice Duker, a spokesperson for the New York-based International Council of Shopping Centers, says that such properties have developed significant traction since 1997 when they first became popular.
|
|
INSIDER: Mountain Funding’s Ray Wicken
By Benjamin Mark Cole
Ray Wicken is managing director of the Charlotte, NC-based Mountain Funding LLC, which specializes in bridge loans, joint venture equity, mezzanine debt, high leverage first mortgages, participating debt, and hard money loans. Depending on the capital structure, Mountain Funding aims for returns of 7% to 15%, and sometimes an exit fee or profit participation. Mountain Funding invests equity or makes mezzanine loans from $2 million to $30 million and high-leverage first mortgages and participating debt ranging from $5 million to $100 million.
|
|
Capital Watch: Pension Funds Find Publicly Traded REITs Attractive
By Benjamin Mark Cole
Institutional investors, especially pension funds, still want to buy publicly traded REITs, says Thomas Dreyer, chief executive of locally based Capri Real Estate Securities, an arm of Chicago-based Capri Capital Advisers LLC, an institutional money management shop.
|
|
What's Hot, What's Not
By Erika Morphy
In a ruling that has widespread implications for the mortgage lending industry beyond the state, the Illinois state Supreme Court unanimously rejected a law that had restricted fees lenders are allowed to charge and that imposed severe penalties on companies that exceeded the restriction.
|
|
|
|
|
|
|
|
|
