Catriona Orosco
Catriona Orosco is the director of REACH and a search marketing expert with more than a decade of experience in real estate-related marketing. She has played a prominent role in developing the search services for REACH clients, along with our Marketing IQ analytics platform. When she’s not in the office, she can often be found riding a tandem bicycle around Santa Barbara, CA.
Behringer Harvard REIT Makes Another Big M-F Splash in California
Behringer Harvard Multifamily REIT I recently made what was then 2009’s largest California multi-family acquisition with an $80 million purchase of Waterford Place Apartment Homes near the Bay Area. This week, the REIT topped that with the $96 million purchase of another property—this time in Los Angeles.
$49M Exxon Deal a Rarity in Quiet Seal-Leaseback Market
A convenient method for property owners to secure a quick cash infusion, sale-leaseback transactions were plentiful just a couple of years ago, but now it is usually only the more financially burdened of sellers that resort to accepting lowball sale-leaseback offers. Whether White Oak Petroleum L.L.C. falls into the aforementioned category is unclear, but the Springfield, Va.-based company just sold 36 Exxon gasoline station and convenience store properties for $49 million in a sale-leaseback transaction with Jericho, N.Y.-based Getty Realty Corp.
Eyeing Market Opportunities, M-F Developer Expands into Acquisitions
After multiple quarters of dismal investment activity, new funds and investment entities are cropping up to capitalize on the discounted commercial real estate assets that are hitting the market. Atlanta-based Wood Partners L.L.C. has just entered the game, too. The multi-family developer has expanded its business platform to include acquisitions.
JV Snags 308-Unit Philly-Area M-F Complex
A joint venture between Behringer Harvard REIT I Inc. and PGGM Private Real Estate Fund has acquired a 308-unit multi-family community in Cherry Hill, N.J., about seven miles east of central Philadelphia.
As San Antonio Office Market Rebounds, Transwestern Takes Over at 2MSF Mixed-Use
With San Antonio’s office market rebounding in the third quarter, Transwestern’s local office hopes to take advantage of that good karma with the contract to handle the real estate services assignment for the Brooks City-Base development there.
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