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StepStone Closes Fund III, Plans $1B+ in Investments
The company will target office, industrial, senior housing, student housing, hotels and multifamily projects in the U.S. and Europe.
$550M Loan Earmarked for Brookfield NYC Asset
Civitas Capital secured the financing for 200 Liberty St., a 1.7 million-square-foot office tower in Lower Manhattan.
Ashford Unveils Proposal to Buy FelCor
The combined company would be the second-largest pure-play lodging REIT by guestroom count and no. 3 by enterprise value.
Tristar Capital Lands $232M in Financing for Sunnyvale Campus
The company has acquired Crossroads III, office buildings net leased to Apple, for $290.7 million.
Prudential Mortgage Capital Becomes PGIM Real Estate Finance
The new name will clearly distinguish each of the company’s 22 global offices as part of a singular entity.
Kidder Mathews Expands in SoCal
The company has acquired Alden Management Group and is preparing to merge with Heger Industrial.
Blackstone Nabs $1.7B US Portfolio from Swedish Pension Fund
JLL has arranged the transaction, which is part of the $2.1 billion disposition of Stockholm-based Alecta’s 4.5 million-square-foot international commercial portfolio.
Plans Unveiled for $250M Tech Hub in Manhattan’s Union Square
The new development will be anchored by Civic Hall, a collaborative work and event space advancing the use of technology for the public good.
Partners Capital JV Launches Private Bridge Lender Platform
The new Archway Fund division is expected to deploy $100 million within the next 12 months.
Parkway to Sell Interest in Houston Portfolio for $512M
The Canada Pension Plan Investment Board and a partnership of TH Real Estate and Silverpeak Real Estate Partners will acquire stakes in the office properties.