BNET Industries
Prudential Insurance Company of America (PRU) is in the Financial Services Industry
- Revenue
- Dec 31 2007
- $34.4B
- Profit
- Dec 31 2007
- $3.7B
- Market Cap
- Nov 28 2008
- $9.1B
Latest News and Analysis
Prudential originates $38 million loan
ATLANTA-BASED PRUDENTIAL MORTGAGE Capital Company has originated a $38 million refinancing loan for its conduit. The 10-year loan, issued for The Davis Companies, is secured by a 219,041-square-foot, class-A office property in Wilton, Connecticut. The property, which was renovated in 2001, is 96 percent occupied. The loan has an interest...
Prudential Mortgage Capital Contributes $526 Million To BSCMS 2002-PBW1 Conduit Deal
Business Editors
Prudential Mortgage Capital Originates $30 Million Conduit Loan for Pan Med Enterprises
Business Editors
THE GRAPEVINE.
Prudential Mortgage Capital has hired industry veteran Scott Chisholm to head a new lending office in Manhattan. Chisholm will be responsible for originating a wide variety of mortgages in the New York area, including conduit, high-yield, mezzanine and Fannie Mae loans. Some will be originated for...
Pru Pushes Deal to 2000.
Prudential Mortgage Capital, Heller Financial and Residential Funding Corp. have postponed their upcoming conduit offering until January. The team had planned to come to market late this month with a $900 million transaction. But in the end, they decided that the deal would be...
4-Way Conduit Deal Mapped.
Four conduits are talking about teaming up on a $1 billion-plus securitization that would hit the market in June. Underwriter Prudential Securities is representing two of the players: National Realty Funding and Bridger Commercial Funding. Pru is still seeking to bring an unidentified originator...
Criimi, Pru Likely to Team Up On Large-Loan Securitizations.
Criimi Mae and Prudential Mortgage Capital last week were close to an agreement to join forces on large-loan securitizations. Both firms recently announced programs that will originate mortgages of more than $30 million. Now the duo is talking about pooling their collateral, which would...
Pru Lures CIBC from Rival Conduit Deal
Prudential Securities has boosted the size of its upcoming conduit deal to about $750 million by luring CIBC Oppenheimer from a rival transaction. CIBC had initially agreed to include its $190 million pool of loans in a $1.5 billion conduit deal planned by Amresco, Citicorp and...
Pru Teaming Up With Ex-Midland Execs
Prudential Securities and Progressive Investment are teaming up with three former executives of Midland Loan Services to operate a conduit. Prudential and Progressive are taking equity stakes in a mortgage bank that was just formed by the executives, E.J. Burke, Mike Caffrey and Clay Sublett. The...
NationsBank, Midland Form Alliance
Two of the conduit market's most powerful players - NationsBank and Midland Loan Services - have formed a strategic alliance that includes the transfer of $4.2 billion of servicing rights to Midland. Under the arrangement, the two companies will work together on future conduit transactions. Both...
Torrent of CMBS Deals Coming
The CMBS market is bracing for the end-of-the-year avalanche. No fewer than five deals are expected to price this week, amounting to roughly $2.4 billion of securities: * Nomura Asset Capital's $895.2 million mega-deal. * A $458 million conduit offering by NationsBanc and Citibank. *...
THE GRAPEVINE
Word is that Criimi Mae has agreed to buy all of the subordinate notes from the upcoming $1.1 billion conduit deal by Merrill Lynch and First Union. The Rockville, Md., REIT will purchase about $153 million of below- investment-grade notes and act as special servicer for the...
Goldman, Prudential Part Ways on Conduit
The Prudential Insurance Co. of America has dropped its plans to originate multi-family loans for a conduit operated by Goldman, Sachs & Co. The Prudential Insurance Co. of America has dropped its plans to originate multi-family loans for a conduit operated by Goldman, Sachs &...
Additional Resources
At Home
Valley Inc. __ 2 Realty Executives __ 3 RE/MAX Associates __ 4 Capitol City Real Estate __ 5 Whelan Lumber Co. __ 5 Carter Realty __ 5 Tibbetts Real Estate __ 5...
A look at the highest- and lowest-priced homes in the metro area
Two Orleans Parish homes were the highest- and lowest-priced houses to sell in the New Orleans metro area last week. The highest-priced home, at 1221 Exposition Blvd., sold for $998,000. The two-story, approximately 87-year-old home on a 54-by-127- foot lot features about 4,599 square...
Prudential Chairman and CEO John Strangfeld Receives Diversity Leadership Award
Company's Chief Diversity Officer Also Receives DOLA Award NEWARK, N.J. -- Prudential Financial, Inc. (NYSE: PRU) Chairman and CEO John Strangfeld recently received the 2008 CEO Diversity Leadership Award from Diversity Best Practices for his commitment to integrating diversity into the company's corporate culture and business practices. Strangfeld...
Prudential CIO Barbara Koster Named CIO of the Year at the Executive Council 2008 New York 'Ten Awards'
NEWARK, N.J. -- Barbara Koster, chief information officer at Prudential Financial, Inc. (NYSE: PRU), has been named CIO of The Year by the Executive Council at its sixth annual New York Ten Awards[TM], which recognizes business leadership and innovation. "We are extremely proud of Barbara. Her technical expertise...
www.ONN.tv Reports: Options Players Strike as First Solar Comes Under Pressure
CHICAGO -- Recorded live from the Chicago Board Options Exchange CBOE, The Sidewinder Report is www.ONN.tv's daily options news program covering unusual options volume and notable activity in the options trading pits. Today, www.ONN.tv Chief Investment Strategist Jud Pyle analyzes options activity in the following securities: ...
Prudential Financial, Inc. Announces Details for New York Investor Day
NEWARK, N.J. -- Prudential Financial, Inc. (NYSE:PRU) has announced details for its New York conference for analysts and investors on December 4, 2008, at the New York Palace Hotel, 455 Madison Avenue, New York, N.Y. The day's schedule will commence with opening remarks at 8:30 a.m. and is expected to...
New York Titans Bring Lacrosse to Prudential Center
Team Opens Doors to Arena for Fan Friendly Day and Sticks-N-School Program NEW YORK -- The New York Titans professional indoor lacrosse franchise today announced that it will play five of its seven home games during the 2009 season at the Prudential Center in downtown Newark, NJ. The...
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- Incorporated: 1999
- CEO: Mr. John R. Strangfeld Jr.
Prudential Financial is a holding company. Co. provides financial products and services, including life insurance, annuities, mutual funds, pension and retirement-related services and administration, investment management, real estate brokerage and relocation services, and, through a joint venture, retail securities brokerage services. Co.'s Financial Services Businesses consists of its Insurance, Investment and International Insurance and Investments divisions, and corporate and other operations. Co.'s Closed Block Business comprises the Closed Block assets and certain related assets and liabilities. At Dec 31 2007, Co. had about $648.00 billion of assets under management.
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Prudential Insurance Company of America Company Info
Board of Directors
Mr. John R. Strangfeld Jr.
Chairman
Ms. Constance J. Horner
Mr. Karl J. Krapek
Ms. Christine A. Poon
Mr. James A. Unruh
Mr. Thomas J. Baltimore Jr.
Mr. Frederic K. Becker
Mr. Gordon M. Bethune
Mr. Gaston Caperton
Mr. Gilbert F. Casellas
Mr. James G. Cullen
Mr. William H. Gray III
Mr. Mark B. Grier
Mr. Jon F. Hanson
Contact Information
751 Broad Street
Newark, NJ
973 802-6000
NAICS Code
Direct Life Insurance Carriers: 524113Brought to you by IBM
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