Investment
Executive Spotlight: Mukang Cho, In-Rel Properties
Mukang Cho, CEO of In-Rel Properties, has doubled its portfolio of mostly distressed assets since joining the privately held firm in 2010.
Ritz-Carlton, Denver Refinanced with $51M Loan
The Ritz-Carlton, Denver, the Mile-High City’s only AAA Five Diamond-rated hotel, has just been refinanced, courtesy of a $51 million loan.
BC LYND, CrossHarbor Acquire 6 Marriott Hotels in Midwest, Southwest
BC LYND Hospitality has teamed with CrossHarbor Capital Partners on the acquisition of six Marriott-branded properties, located in the Midwest and Southwest.
Retail Properties Buys 262 KSF, M-U Property in Bronx for $134M
Retail Properties of America has spent $192 million on two properties in the New York City metropolitan area, including Fordham Place, a 262,000-square-foot Class A mixed-use asset on Fordham Road in the Bronx it purchased for $134 million.
Starwood Wraps Up $1.6B Mall Portfolio Purchase
Starwood Capital Group has just completed its second major portfolio purchase from Westfield Group, snapping up seven regional malls in the West and Midwest for just over $1.6 billion.
C&W Arranges $275M in Financing for Historic NYC Tower
Cushman & Wakefield served as the exclusive advisor to an affiliate of SL Green Realty Corp. in arranging a $275 million, seven-year senior mortgage loan for 220 E. 42nd St. in New York City.
Schorsh’s RCAP to Acquire Summit Financial Services
RCS Capital Corp. continues expanding its independent broker-dealer business by planning a nearly $50 million merger with Summit Financial Services of Florida.
Hunt Completes Purchase of Centerline Holding Co.
Hunt Cos. has completed the previously announced acquisition of Centerline Holding Co., where through a merger, an affiliate of Hunt became the sole holder of Centerline’s common shares, which potentially makes the combined company the largest affordable housing lender.
Title Wave: Where Premium Volume is Growing Fastest
*Title insurance premium volume for second quarter of 2013 compared with Q2 2012. Source: American Land Title Association For more on best practices for working with title insurers in today’s investment market, see “Handle with Care” in the December 2013 issue of CPE.
Shanghai CRED Buys Peppers Carrington Resort in New Zealand
Shanghai CRED Real Estate has purchased Peppers Carrington Resort in New Zealand and plans to invest millions of dollars over the next few years to help the resort reach its full potential.
You must be logged in to post a comment.