(To read more on the debt and equity markets, click here.)

MESA, AZ-Three months into the hold, a Newport Beach, CAinvestment group has secured an $11.4-million loan for the71,150-sf Mercado Fiesta Shopping Center. The 10-year loan replacesdebt that was assumed when the center was bought.

Timothy Storey of the San Francisco-based Newmark Realty CapitalInc. arranged the financing for Jakosky Properties through New YorkCity lender, Morgan Stanley Mortgage Capital Inc. The new loan hasa 5.15% fixed-rate interest and 30-year amortization.

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