Business Specialties
International: FRHI to Develop 7 New Hotels in MEAI Region
The MEAI (Middle East, Africa and India) region is set to see the development of seven new hotels operated by FRHI Hotels & Resorts.
Calvin Cafritz Lands $61M in Financing for 263-Unit Apartment Project in DC
With the assistance of commercial real estate services firm Cassidy Turley, Calvin Cafritz Enterprises has secured $61 million in financing for the development of 5333 Connecticut Ave., a 263-unit luxury apartment community in the Chevy Chase neighborhood of Washington, D.C.
NorthView Student Housing Receives $58M in Funds for UCF Housing Development
NorthMarq Capital’s Florida-based offices have arranged $58 million in financing for NorthView Student Housing, located on the University of Central Florida campus in Oviedo, Fla.
Gramercy to Buy Garrison’s 50% Interest in $395M Bank of America Portfolio
Gramercy Property Trust is acquiring the 50 percent interest in a $395 million Bank of America office portfolio from its joint venture partner Garrison Investment Group.
Investcorp Acquires RE Assets in Dallas, South Florida for $105M
Continuing what is shaping up to be somewhat of a shopping spree, Investcorp has acquired a group of four commercial and residential assets in metropolitan Dallas and South Florida for $105 million.
International: DAMAC Launches New Phase at Capital Bay, New Property Management Company
One of the largest luxury real estate developers in the Middle East, DAMAC Properties, is releasing a new phase at its Capital Bay luxury multi-family project in Dubai’s CBD.
JLL, Golf Giant Norman Seek Investors for Australia’s $2B Reef Island Development
Global golfing giant Greg Norman, with the help of JLL, is spearheading a worldwide search for investors to capitalize on a $2 billion tourism project on Great Keppel Island, off central Queensland’s coast.
NorthStar, Chatham JV to Buy Hotels for $959M
A joint venture of Chatham Lodging Trust and Cerberus Capital Management is selling, and a JV of Chatham and NorthStar Realty Finance Corp. is buying, the lion’s share of a 51-hotel portfolio in a transaction worth $1.3 billion.
Avison Young Secures Sizable Investment in Germany
The fast-growing, Toronto-based commercial real estate services firm Avison Young has advised two Canadian pension funds in the acquisition and financing of a mixed-use, two-building complex in Cologne, Germany.
Mack Urban JV Breaks Ground on $50M M-U Project in Pasadena
Union Village, a new 118-unit luxury mixed-use residential project in Pasadena, has just gotten underway with a recent groundbreaking.