BLUESTONE IN THE NEWS

News Articles

October 31, 2007 - PUBLIC EXIT: INDUSTRY OBSERVERS WEIGH IN ON THIS MONTH'S PENDING ACQUISITION OF ARCHSTONE-SMITH AND HOW THE DEAL-OR ITS COLLAPSE-WILL EFFECT THE BROADER CYCLE OF MULTIFAMILY REIT PRIVATIZATIONS
BlueStone Chairman, Matthew McManus, weighs in on how current market trends effect REIT privatizations. 
  View PDF

September 20, 2007 - MARKET, INDUSTRY RALLIES AFTER FED RATE CUT

Matthew McManus discusses the impact on commercial real estate of the federal funds rate cut announced September 19th. 
  View PDF

August 17, 2007 - WEB-EXCLUSIVE SUBPRIME CRISIS CREATES OPPORTUNITY FOR WORKFORCE HOUSING DEVELOPERS

An increase in subprime mortgage default rates has increased the number of foreclosures due to delinquencies in mortgage payments in workforce housing, which will increase the supply of single-family homes and the demand for workforce housing apartments.
  View PDF

August 4, 2007 - VERTEX HQ TRADES IN $26M SALE-LEASEBACK

BlueStone Real Estate Capital has secured the financing for Trinity Capital Advisors' $26.5 million purchase of the headquarters of Vertex Inc., a tax-software company based in Berwyn, Pa.
  View PDF

July 3, 2007 - BH PROPERTIES TAKES 98,544-SF OFFICE BUILDING

PA-based Korman Residential has secured $50 million in senior financing to acquire the 776-unit River Chase Apartments.
  View PDF

July 2, 2007 - $50M FINANCING SPURS VALUE-ADD ACQUISITION

PA-based Korman Residential has secured $50 million in senior financing to acquire the 776-unit River Chase Apartments.
  View PDF

June 27, 2007 - BLUESTONE’S DEBUT FUND ADVANCES
BlueStone Real Estate Capital has earned $100 million of equity for its debut opportunity fund.  View PDF

June 10, 2007 - DEALMAKERS: KORMAN CHRISTINA MILLS - NEWARK, DE

BlueStone Real Estate Capital served as an advisor between Korman Residential and its equity partner, a private REIT.
  View PDF

June 2, 2007 - PROJECT COSTS PACKING A PUNCH

BlueStone Real Estate Capital has reported an increase in material costs for the construction and heavy renovation of large hotels.
  View PDF

April 10, 2007 - BLUESTONE REAL ESTATE CAPITAL SECURES $136 MILLION CONSTRUCTION LOAN FOR INTERCONTINENTAL HOTEL

BlueStone Real Estate Capital has secured a $136 million debt/mezzanine construction loan and 5-year mini-perm for the development of an InterContinental Hotel in Rosemont, Ill.
  View PDF

April 9, 2007 - BLUESTONE REAL ESTATE CAPITAL SECURES HOTEL FINANCING

BlueStone Real Estate Capital secured financing for Mid-America Development Partners and the Harp Group's $152M InterContinental Hotel in Rosemont, Ill.
  View PDF

April 2, 2007 - DEVELOPER SECURES $136M FOR INTERCONTINENTAL

BlueStone Real Estate Capital has secured $136 million from Amalgamated Bank's Ultra Fund for the construction of a 563-key InterContinental Hotel, a $152 million project developed by the Mid-America Development Partners and the Harp Group.
  View PDF