Liquid Realty Partners, a specialist in acquiring real estate funds, partnerships and other interests, has invested about $60 million (£30 million) to acquire an indirect interest in a U.K. real estate fund. The fund, which is unlisted, invested in office properties in the West End of London. San Francisco-based Liquid Realty’s niche is giving limited partners in such funds a way to cash out of their investments early. The company has committed over $1 billion in equity capital to indirect real estate investments since 2006, ranging from small, single-fund interests, to large multi-fund portfolios, and including both domestic and overseas…

Perseus Realty Partners L.L.C. has launched a new participating loan program that will provide one-stop shopping for a total of up to $1 billion in financing for office, retail, industrial and multi-family projects nationwide. PRP president Paul Dougherty (pictured) told CPN that his company is looking for deals in three general categories: new development; acquisition for renovation or rebranding; and total recapitalization, for projects facing maturity defaults. Regarding that last category, Dougherty commented, “I think we’ll see a lot of those over the next 24 months.” The company specializes in preferred, joint-venture and mezzanine equity, Dougherty said, and the participating…

Ownership of two premier office buildings accounting for an aggregate 440,000 square feet in Los Angeles’ Culver City submarket has changed hands. With the assistance of real state services firm Madison Partners, Arden Realty sold the structures to Transwestern Investment Co. According to an article in the Los AngelesBusiness Journal, the properties traded for a total of $125 million. Carrying the addresses of 400 and 600 Corporate Pointe, the structures are eight and 12 stories high, respectively. Developed in 1987, 400 Corporate features approximately 165,000 square feet, while the 19-year-old 600 Corporate encompasses 277,000 square feet. Together, the buildings boast…

Many in the industry long for the frothy markets of 2005 when sellers experienced record low cap rates, buyers were aided by loose credit and a strong flow of funds from the capital markets, and transactions just seemed to almost close themselves. While those days might seem like ancient history, the market will eventually recover, and when it does, likely even soar to new heights in the future. The question is: “Can you survive the interim period of time, or will you be weeded-out by the exceptionally tough and competitive current market conditions?” In today’s column I’ll profile some of…

A sluggish economy coupled with housing market woes nationwide trickled down to the robust Las Vegas housing market, contributing to the filing to reorganize under Chapter 11 bankruptcy for Lake at Las Vegas Joint Venture L.L.C., the master developer of the Lake Las Vegas Resort. In conjunction with the Chapter 11 filing, the company has received commitments for up to $127 million in debtor-in-possession (DIP) financing from a group of lenders led by Credit Suisse as agent for post-petition financing commitments to fund ongoing operations and assessments related to certain pre-petition infrastructure obligations, according to company information. The company said…

As some investors stay on the sidelines, others continue to see opportunity in softening asset values. UrbanAmerica, a New York City-based investment firm, has agreed to pay Rubicon America Trust $515 million for a 3.1 million-square-foot portfolio of government office buildings. Scheduled to close in September, the 14-building deal would expand 10-year-old UrbanAmerica’s footprint in the government office niche. Retail properties make up about one half of Urban America’s holdings, and a partnership with Fisher Brothers could lead to as much as $1 billion worth of office, retail and mixed-use properties. The biggest chunk of the most recent deal is…