Moody's Investors Service said commercial real estate prices fell 2.3 percent during March. Despite the monthly decline, GE Real Estate financed a $960 million loan for iStar arranged by Holliday Fenoglio Fowler LP secured by a portfolio of 34 single-tenant office properties. Prudential Mortgage Capital Co. announced it closed on a $100 million loan for the Starmount portfolio, which includes a regional shopping mall and six surrounding suburban office buildings in Greensboro, N.C. A mixed-use warehouse and office complex in Long Island City, N.Y., found $60 million in financing through Meridian Capital Group.
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