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	<title>Blumberg Capital Partners News</title>
	<link>http://blumbergcapitalpartners.com/BCP-news</link>
	<description>Blumberg Capital Partners Real Estate News and Information.</description>
	<lastBuildDate>Mon, 06 Sep 2010 21:02:25 +0000</lastBuildDate>
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		<title>Meridian Crossings Office Complex Selling for $66M</title>
		<description><![CDATA[Piedmont Office Realty Trust Inc. expects to close a deal in October to purchase Meridian Crossings for $66 million from the current owner, OTR, making it one of the largest suburban office deals in the Twin Cities area in 2010 according to the Minneapolis/St. Paul Business Journal. U.S. Bancorp signed a 12-year-lease this past January [...]]]></description>
		<link>http://blumbergcapitalpartners.com/BCP-news/?p=837</link>
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		<title>9-11 Beacon Street Sold for $16M</title>
		<description><![CDATA[DivcoWest, in partnership with Jonathan Marcus, purchased 9-11 Beacon Street in Boston for $16 million as reported by the New England Real Estate Journal. The property, also known locally on Beacon Hill as The Lawyers Building, is a 147,751 square foot 11 story office property that has been owned since 1971 by Nathan R. Miller [...]]]></description>
		<link>http://blumbergcapitalpartners.com/BCP-news/?p=836</link>
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		<title>Mariner Acquires Stake in $760M FDIC Real Estate Portfolio</title>
		<description><![CDATA[Mariner Real Estate Management (MREM), a subsidiary of Mariner Holdings, has closed a structured transaction with the Federal Deposit Insurance Corporation (FDIC) to purchase a portfolio of roughly $760 million in real estate loans. The portfolio includes approximates 1,100 acquisition and development loans across residential and commercial properties from 20 banks. MREM reportedly bought in [...]]]></description>
		<link>http://blumbergcapitalpartners.com/BCP-news/?p=835</link>
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		<title>Resorts Casino Hotel Gets New Owners for $35M</title>
		<description><![CDATA[The Resorts Casino Hotel in Atlantic City, New Jersey, previously bought by Colony Capital LLC in 2001 for $140 million, sold this week to a new ownership team for $35 million. Gomes Gaming, Inc. has partnered with JEMB Realty Corporation in the acquisition from RAC Atlantic City Holdings LLC. The property,  which reportedly lost [...]]]></description>
		<link>http://blumbergcapitalpartners.com/BCP-news/?p=834</link>
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		<title>KeyBank Generates $10M CRE Financing in Northeast</title>
		<description><![CDATA[Philadelphia?based KeyBank Real Estate Capital recently posted roughly $10 million in funding for Fannie Mae and Freddie Mac for the refinancing of two commercial real estate properties in the Northeast.
According to HousingWire, Bryn Mawr Suites Apartments was the first property to receive funding.  Bryn Mawr Suites, L.P., owners of the 104-united complex in Philadelphia, [...]]]></description>
		<link>http://blumbergcapitalpartners.com/BCP-news/?p=833</link>
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		<title>IRS Contracts $63M Office in Cool Springs</title>
		<description><![CDATA[Acquest Development of Buffalo, New York has been awarded a $63 million contract to build over 100,000 square feet of office space in Cool Springs, Tennessee for the IRS. According to a Nashville Business Journal article, Acquest Development will build and lease the new project; the $63 million contract includes a 20-year lease of 115,885 [...]]]></description>
		<link>http://blumbergcapitalpartners.com/BCP-news/?p=832</link>
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		<title>Guangzhou Commercial Project Sold for CNY1.9B</title>
		<description><![CDATA[Evergrande Real Estate Group, previously Hengda Real Estate Group and one of the largest real estate developers in Mainland China, has sold the Kaisa Plaza in Guangzhou to Kaisa Group Holdings Ltd. for  CNY 1.9 billion according to the Wall Street Journal. Located in the downtown of Guangzhou City, the development includes a high-level [...]]]></description>
		<link>http://blumbergcapitalpartners.com/BCP-news/?p=831</link>
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		<title>STG Signs 100,000 SF Office Deal in Reston</title>
		<description><![CDATA[STG Inc., a privately held government contractor and information technology provider, has inked a 100,000 square foot 10-year lease deal to move its headquarters from Plaza America to 12011 Sunset Hills Road in Reston, Virginia according to the Washington Business Journal. STC has been subleasing 86,000 square feet of space at Plaza America from DynCorp [...]]]></description>
		<link>http://blumbergcapitalpartners.com/BCP-news/?p=830</link>
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		<title>510 Madison Sold to Boston Properties</title>
		<description><![CDATA[The Wall Street Journal is reporting that the vacant office tower at 510 Madison Avenue in New York City has been acquired for about $280.5 million. Boston Properties has signed an agreement to take over the 350,000 square foot Class A office tower originally developed by Harry Macklowe of Macklowe Properties. Earlier this month Boston [...]]]></description>
		<link>http://blumbergcapitalpartners.com/BCP-news/?p=829</link>
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		<title>US CRE Study Shows Gains for the First Time in 2 Years</title>
		<description><![CDATA[A new article published on CNBC shows that U.S. commercial real estate prices posted their first quarterly gain in more than two years according to the data measured by the  Investment Property Databank US Quarterly Property Index. The index reports that CRE prices gained 2.2% in the second quarter of 2010, data compiled from [...]]]></description>
		<link>http://blumbergcapitalpartners.com/BCP-news/?p=828</link>
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