|
| Capital Markets Briefing |
| August 25, 2009 |
Good Afternoon,
Attached is a PDF copy of Colliers Meredith & Grew's interest rate sheet that includes current and historical Treasury, LIBOR and Prime interest rates, which are updated daily with real time data from Strategic Alliance Mortgage.
We provide these updates on a weekly basis to keep our clients and colleagues aware of rate movements. We hope you find this information helpful.
DOWNLOAD INTEREST RATE SHEET (22KB)
Capital Markets Briefing
Colliers Meredith & Grew’s Capital Markets group has closed on the placement of a $5.14 million permanent fixed-rate loan for Building 34 in the Navy Yard Plaza in Charlestown, Massachusetts. Colliers Meredith & Grew President, Kevin C. Phelan, and Senior Vice President, Stephen M. Horan, represented the borrower, Kenney Development Company, Inc.—which has a long-standing reputation as one of New England's leading real estate firms—in the transaction. Digital Federal Credit Union, the largest credit union headquartered in New England as measured by assets and among the top 15 nationwide, provided the financing. The 10-year note was fixed for five-years at 6.00% and was subject to a 25-year amortization schedule.
| Located at 1 First Avenue, Parris Building, #34, is a historic restoration project comprising office and retail space in the Charlestown Navy Yard Plaza. Totalling 47,150 square feet, the building is predominantly occupied by Massachusetts General Hospital, Store 24, and ZIOPHARM Oncology, Inc. Since its inception, the building—which was recognized by Builder Magazine for Restoration Excellence—has been managed by Fulton Properties, a subsidiary of Kenney Development. The entire Navy Yard complex received a Preservation Award from the Massachusetts Historical Commission. |
 |
Debt/Capital Markets Articles of Note
Treasuries Decline Before Record Tying Sale of Two-Year Notes
Bloomberg—August 25, 2009
Treasuries fell as the U.S. prepared to sell a record-tying $42 billion of two-year notes, with yields on the securities lingering around 1 percent. Investors have kept yields near historic lows this year while mulling whether the unprecedented measures taken by the government and central bank to lift the economy from the worst recession since the Great Depression will lead to inflation.
Breaking News: Obama Nominates Bernanke for 2nd Term as Fed Chief
The Wall Street Journal—August 25, 2009
President Barack Obama announced Tuesday the nomination of Ben Bernanke to a second term as Federal Reserve chairman, opting for continuity in U.S. economic policy despite criticism in Congress of the low-key central banker's frantic efforts to rescue the financial system.
Full Text: President Obama’s Statement
Washington Wire—August 25, 2009
Treasuries fell as the U.S. prepared to sell a record-tying $42 billion of two-year notes, with yields on the securities lingering around 1 percent. Investors have kept yields near historic lows this year while mulling whether the unprecedented measures taken by the government and central bank to lift the economy from the worst recession since the Great Depression will lead to inflation.
|
| Please contact the Capital Markets Group at Colliers Meredith & Grew with any financing questions.
|
|
|
|
|
|
Colliers Meredith & Grew respects your privacy. If you prefer to be removed from our distribution list, please click here to unsubscribe. A copy of our privacy policy can be found on our website.
Colliers Meredith & Grew is a Boston-based commercial real estate company with integrated service groups including Brokerage, Capital Markets, Counseling & Valuation, Development & Advisory, Investment Sales, and Property & Asset Management. In addition to representing its core clients in New England, Colliers Meredith & Grew provides national and international real estate services to its multi-market clients as a member of Colliers International and as an owner/member of Strategic Alliance Mortgage LLC (SAM). Colliers International is a worldwide affiliation of independently owned and operated companies in more than 293 offices in 61 countries. |
|
