Houston Business Journal Construction is underway on a 116,500-square-foot medical-office building in Houston. Healthpeak Properties Inc. is developing the five-story property at 7500 Fannin St. It already is 36 percent preleased and will include a parking garage that's being built ...
Crain's New York Business Daniel Kretinsky, a Czech billionaire, has acquired a 6 percent stake in Foot Locker Inc. Foot Locker has temporarily closed most of its stores as a result of the coronavirus pandemic. Earlier this month, Kretinsky acquired ...
Commercial Real Estate Direct Staff Report Strategic Holdings has recapitalized a portfolio of six apartment properties with 1,217 units in Florida and Georgia by selling a $22 million preferred equity interest to Bluerock Residential Growth REIT. The transaction, arranged by ...
PGIM Real Estate and Bridge Development Partners LLC have formed a venture to acquire and develop cold-storage properties throughout the United States. The companies are targeting to invest $400 million through the venture in the next two to three years. ...
Caisse de depot et placement du Quebec has made a $190 million preferred-equity investment in Avison Young, providing the fast-growing brokerage firm additional fuel to execute on its growth plans. In a statement, Avison Young said it would use proceeds ...
Bascom Group and real estate private equity veteran William C. Wells have formed Milestone Partners to provide sponsors with general partner capital, helping them deal with an often arduous fundraising process.
Starlight Investments, a Toronto investment manager that targets apartment properties in the United States, has formed a partnership with two other Canadian investment managers to pursue recently built apartment properties in certain Sunbelt markets. The two investors are the Public ...
Principal Real Estate Investors has formed a venture with GMH Capital Partners that plans to make $650 million of student-housing acquisitions over the next 12 to 18 months. Principal is a Des Moines, Iowa, investment manager with $54.3 billion of ...
TPG Real Estate has invested $120 million in LifeStorage LP, a Roseville, Calif., owner of 78 self-storage properties. The investment will fund an effort by LifeStorage to expand its presence into the top-50 markets across the country. Its portfolio currently ...
Principal Real Estate Investors has formed a conduit-lending operation with Macquarie Group. The platform, Principal Commercial Capital, will originate and securitize loans. Principal Real Estate will source, underwrite and service them, while Macquarie, an Australian investment bank, will provide the ...
AEW Capital Management has formed a venture with Sealy & Co. that aims to pursue industrial properties in the Southeast and South Central regions. Its acquisitions thus far include a 1.9 million-square-foot portfolio, located mainly in the Dallas-Fort Worth area, ...
The California Public Employees' Retirement System has formed a venture with Pacific Urban Residential, the multifamily investment subsidiary of Marcus & Millichap Co., to pursue class-B apartment properties on the West Coast. CalPERS, which has about $280 billion of assets ...
Inland Real Estate Corp. has formed a venture with MAB Corp., an Australian developer and investment manager, that's slated to develop grocery-anchored shopping centers in Washington, D.C., Virginia, the Carolinas, Georgia and Florida. Inland, an Oak Brook, Ill., REIT, said ...
Commercial Real Estate Direct Staff Report VisionMaker Worldwide, which is planning a large mixed-use complex near Walt Disney World in Orlando, Fla., is looking for an equity partner. The Orange, Calif., developer, which is led by John A. Cora, a ...
Commercial Real Estate Direct Staff Report Sabal Financial Group has launched an effort to provide equity capital against small-capitalization properties across the country. The Newport Beach, Calif., company will provide equity in $2 million to $10 million slugs, or up ...
Commercial Real Estate Direct Staff Report William and Richard Mack, who sold their stake in AREA Property Partners earlier this year to Ares Management, have launched the Mack Real Estate Group. The operation will pursue a wide variety of investments ...
The Canyon Catalyst Fund, a venture between the California Public Employees' Retirement System and Canyon Capital Realty Advisors, has formed a partnership with Sack Properties of San Francisco to invest $60 million to $100 million in northern California multifamily properties. ...
The Canyon Catalyst Fund, a venture between the California Public Employees' Retirement System and Canyon Capital Realty Advisors, has formed a partnership with Rubicon Point Partners of San Francisco that would invest in office, research and development, and data center ...
Commercial Real Estate Direct Staff Report Blu Hotel Investors plans to assemble a portfolio of 25 to 30 hotels over the next five years. The Santa Barbara, Calif., investment and development firm, which recently was founded by former executives of ...
Mitsubishi Corp.'s alternative asset-management unit is forming a venture with Five Mile Capital partners that will originate commercial mortgages in the United States that would be contributed to CMBS transactions. The venture, MC-FMC Commercial Real Estate Finance Management, aims to ...
Commercial Real Estate Direct Staff Report Developer Champion Real Estate Co. has teamed with Wilson Commercial Real Estate to make at least $200 million of retail property investments throughout California. Champion, which has developed or renovated more than $700 million ...
The California Public Employees' Retirement System has formed a venture with GI Partners that has committed $500 million of equity that will be used to acquire technology industry-related properties in major metropolitan areas across the country. The TechCore LLC venture ...
General Growth Properties Inc. and the Canada Pension Plan Investment Board are forming a venture that will purchase the Plaza Frontenac, an upscale shopping center in St. Louis with 482,000 square feet. The property, one of only nine in the ...
Phillips Edison-ARC Shopping Center REIT Inc. and CB Richard Ellis Investors have formed a venture that plans to invest more than $200 million to acquire shopping centers anchored by grocery stores and other necessity items retailers across the country. Phillips ...
Industrial Income Trust has formed a venture with an unidentified institutional investor, allowing it to bolster its investment activity and diversify its sources of capital. Industrial Income is a non-traded REIT that is sponsored by Dividend Capital Group of Denver. ...
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© 2023 Commercial Real Estate Direct All rights reserved.