(Read more on the debt and equitymarkets.)
COSTA MESA, CA-Private retail REIT Donahue Schriber hasrefinanced maturing loans on five of its properties and fundedconstruction at one of the centers with a $252 million loanarranged by the Newport Beach office of CB Richard Ellis CapitalMarkets. Sharon Kline, a member of the three-person CBRE CapitalMarkets team that arranged the financing, tells GlobeSt.com thatthe second and final portion of the loan was due to fundyesterday.
The largest portion of the loan, $222.5 million, has alreadybeen funded and covers four of the five properties. The lastportion is for the fifth property. The staggered funding coincideswith the maturity dates of the existing loans on theproperties.
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