Corus closes $310m in deals.Corus Bankshares Corus Bankshares, Inc. operates as the holding company for Corus Bank, N.A. that offers consumer and corporate banking products and services. The bank's deposit products include checking, savings, money market, and time deposit accounts. , Inc. announced that its banking subsidiary, Corus Bank, closed three commercial real estate loans totaling $310 million during the month of February 2008. The bank originated a $116.4 million construction loan to finance Phase III Noun 1. phase III - a large clinical trial of a treatment or drug that in phase I and phase II has been shown to be efficacious with tolerable side effects; after successful conclusion of these clinical trials it will receive formal approval from the FDA of The Crossing, a 350-unit, luxury multifamily residential development in San Bruno, California San Bruno is a city in San Mateo County, California, United States. The population was 40,165 at the 2000 census. The city is adjacent to San Francisco International Airport. Geography San Bruno is located at (37. . The project will feature both forsale condominiums and rental apartments in a master-planned community that will transform 20 acres of former U.S. Navy property into a new downtown for San Bruno San Bruno (săn br  `nō), city (1990 pop. 38,961), San Mateo co., W Calif., a suburb on San Francisco Bay; inc. 1914. There is light manufacturing and petroleum refining. . Despite the
large loan size, the Bank was able to close this transaction without
participants.
A $107.5 million loan was arranged to finance the construction of 1155 F Street, a 12-story office building located in Washington, DC. And a loan for $85.7 million was made to finance the acquisition and lease-up of a newly constructed four-story, Class "A" office building located at 800 Corporate Pointe in Culver City, California Culver City is a city in western Los Angeles County, California. As of the 2000 census, the city had a population of 38,816. The community is mostly surrounded by the city of Los Angeles but also has a border with unincorporated areas of Los Angeles County. . The building contains approximately 240,000 rentable square feet and 1,964 parking spaces. |
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