Barbra Murray
ConAm Group CEO Forrester Resigns
The ConAm Group of Companies will soon lose its CEO. J. Bradley Forrester, who has held the position at the San Diego-based real estate investment and services firm since 2005, recently announced his resignation.
Washington Property Closes $75M Permanent Loan for M-F Asset in Suburban DC
Washington Property Co. has landed $75 million in permanent financing for Solaire-Metro, the CRE concern’s 295-unit luxury apartment community in the suburban Washington, D.C., city of Silver Spring, Md.
Riverstone Residential Founder Terry Danner to Become CEO
Riverstone Residential Group will soon have a new CEO. Terry Danner, co-founder and current president of the multi-family property management company, will take on the top position, stepping into the shoes of the departing Walt Smith.
Cousins Closes Billion-Dollar Purchase of 5 MSF Texas Office Portfolio
Cousins Properties has wrapped up the $1.1 billion all-cash purchase of Houston’s 4.4 million-square-foot Greenway Plaza portfolio and Fort Worth’s 777 Main St. from affiliates of Crescent Real Estate Holdings.
Cassidy Turley Takes Ownership of 4 Former Affiliates, $7.3B in Transaction Volume
Talk about productive end-of-summer activities. Cassidy Turley recently gained full ownership of four of its former affiliates in Arizona, Colorado, Northern California and San Diego.
Berkeley Closes $325M Refinance Loan for San Francisco’s Gateway
It’s a big property with a big financing deal. The Gateway, a 1,254-unit multi-family community spanning three blocks in San Francisco, has been refinanced to the tune of $325 million, courtesy of a loan closed by Berkeley Point Capital and Freddie Mac.
Parkway Buys Thomas Properties for $1.2B
Parkway Properties and Thomas Properties Group will soon become one. The two real estate companies have entered into a merger agreement calling for Thomas Properties to merge with and into Parkway. The $1.2 billion stock-for-stock transaction will leave Parkway shareholders with a 75 percent ownership stake and Thomas shareholders with the remaining 25 percent interest.
Clarion Gets $150M in Financing for 1.3 MSF Office Park in Norwalk, Conn.
An ownership entity managed by Clarion Partners has secured $150 million in financing for the 1.4 million-square-foot Merritt 7, an office park in Norwalk, Conn.
Greystar Completes Half-Billion-Dollar M-F Portfolio Purchase
Greystar Real Estate Partners’ already substantial portfolio just got quite a bit bigger. The multi-family real estate company recently completed the acquisition of a 4,371-unit portfolio from Inland American Real Estate Trust in a deal valued at $460 million.