Business Specialties
Mountain Real Estate Capital Invests Over $100 Million in Oakwood Homes Partnership
Mountain Real Estate Capital, a Charlotte, N.C.-based residential real estate investment firm, recently announced it has entered into a strategic partnership with Colorado-based Oakwood Homes. Continue reading →
CT Realty, Xebec Buy 530 Acres for 9 MSF Dallas Industrial Complex
CT Realty Investors and Xebec Realty Partners have big plans in Dallas–big multimillion-square-foot plans.
Clarion Partners Sells SF Office Tower for $100M
Clarion Partners has completed the sale of 100 Spear St., a Class A, LEED Gold office tower in the heart of San Francisco’s Central Business District for $100 million.
Creative Office Building in Santa Monica Secures Refinancing Deal as Silicon Beach Concept Gains Traction
2700 Pennsylvania Avenue is a 62,000-square foot creative office building that will benefit from its proximity to the upcoming Bergamot Station on the Expo Light Rail line, when it opens in 2015. The building has a 100 percent occupancy rate with its two lease holders being popular names Yahoo! and Jakks Pacific. HFF secured a seven-year, fixed-rate loan through Principal Real Estate Investors on behalf of Welk and The Luzzatto Company through its debt placement team led by Director Chris Vittetoe and Real Estate Analyst Steven Paskhover. Continue reading →
Financing the Largest FHA 221(d)(4) in Texas
Bud Malone, CEO of Mortgages USA, describes how he was able to take on a loan that other lenders had declined.
Hill International Tapped to Manage Suburban Seattle Casino Expansion Project
An expansion is in the works for the Suquamish Clearwater Casino Resort in Clearwater, Wash., and Hill International has won the contract to provide construction management services for the project.
Law Firm to Occupy 165 KSF in New Bay Adelaide Tower
Borden Ladner Gervais, a full-service law firm, will be occupying 165,000 square feet of office space in Bay Adelaide Center’s East tower, slated to open in 2015.
Canadian REIT Enters U.S., Buying Kansas-Based Lodging Enterprises
American Hotel Income Properties REIT, led by Canadian hotel veteran Rob O’Neill, has made its first acquisition in the U.S., purchasing Lodging Enterprises, a chain with 32 hotels in 19 states.
Midtown Manhattan Readies for 470 KSF Cutting-Edge Office Tower
The future is coming to Midtown Manhattan. A partnership comprising real estate company Hines, investment entity Pacolet Milliken Enterprises and institutional investors advised by J.P. Morgan Asset Management have broken ground on 7 Bryant Park, a premier office tower that will deliver 470,000 square feet of state-of-the-art office accommodations in the Bryant Park area.
MIG Acquires 304-Unit Apartment Property in Scottsdale
Newport Beach, Calif.-based real estate investment company MIG has acquired Acacia Creek, a 304-unit apartment community in Scottsdale, from Equity Residential.