Barbra Murray
Meridian Orchestrates $150M Financing Deal for Manufactured Housing Portfolio
Meridian orchestrated $150 million in acquisition and permanent financing for Matrix Realty Group’s $165 million purchase of a group of 11 communities, which encompasses an aggregate 5,347 pad sites in Michigan and Alabama.
Inland Appoints CEO Zalatoris to Board
By Barbra Murray, Contributing Editor Inland Real Estate Corp. has a new board member. Mark Zalatoris, president & CEO of the retail REIT, has been appointed to the board as a director of the company. Zalatoris has been part of the Inland Real Estate Group of Cos. since 1985, when he came aboard as an executive with Inland Real Estate Investment Corp. He landed at his current Inland home in 2000 as CFO and executive vice president. Four years in, he became chief operating officer, a position he held until 2008, when he ascended to his present role as president…
Leitner Tapped as President of Berkshire
Berkshire Group has selected Charles Leitner, a well-known fixture in commercial real estate, to serve as president of the property investment, management and development firm.
Carey Watermark Buys Hawks Cay Resort in Florida Keys for $149M
Carey Watermark Investors has added the Hawks Cay Resort on the isle of Duck Key in the Florida Keys to its portfolio in a transaction valued at $149 million.
Mill Creek, Crescent Communities Commence M-F Projects Near Hospitals
Crescent Communities and Mill Creek Residential have kicked off multi-family projects, the 265-unit Premier Medical Center in Houston and the 296-unit Crescent Dilworth in Charlotte, within close proximity to major healthcare facilities.
Chariot Unveils $1B Revitalization Plan for Philadelphia
The local developer is eyeing a technology-centered business hub and a 1,050-unit residential community.
Reingold Files Gender, Age Discrimination Lawsuit Against C&W
Suzy Reingold, New York Tri-State Chief Operating Officer with Cushman & Wakefield, is suing the global commercial real estate services firm for $20 million in damages.
Distressed Communities to Get $100M Lift from Bank of America, Enterprise, LISC
The U.S. Department of the Treasury has completed the inaugural round of its Community Development Financial Institutions Bond Guarantee Program, and a partnership involving Enterprise Community Loan Fund Inc. and the Local Initiatives Support Corp. is among the chosen ones. The Treasury approved term sheets for $100 million in bonds to the team to be utilized to back affordable housing and other commercial development projects in low-income communities.
Vornado Buys $194M Land, Air Rights for Central Park Condo
Vornado completed the acquisition of the land and air rights for 137,000 zoning square feet in a transaction valued at $194 million.