Investment
DC-Focused, Union-Supported Fund Launches with $35M Initial Closing
A new real estate investment fund, which targets development projects in the Washington-Baltimore area, has raised its initial $35 million from institutional investors — union workers.
Storage Deluxe Closes Half-Billion-Dollar Sale of 1.6 MSF Portfolio to CubeSmart
Storage Deluxe sold a portfolio in the Northeast to CubeSmart for a heavy amount, a transaction handled by HFF on the seller’s behalf.
CBRE Arranges $112.8M Financing of Three-Property Texas M-F Portfolio
CBRE Group helped a commercial real estate firm get a good chunk of change for the refinancing of three Texas apartment properties.
First Purpose Built Student Housing Launches in Brighton, UK
Property Frontiers is launching the first purpose built student housing in Brighton, United Kingdom to accommodate the greatly underserved student body in terms of housing.
Sabal Financial Picks Up $96M CRE Loan Portfolio
Sabal Financial picks up another loan portfolio, from The Bank of the West this time, during its recent commercial real estate shopping spree.
Paul Daneshrad: Where Are the Best Multi-Family Investment Opportunities
Starpoint CEO Paul Daneshrad blogs on CPE’s From the Inside about the best locations for multi-family property investment.
Rappaport, Chestnut Hill Form CHR Investors
Real estate heavyweight Jerry Rappaport has joined Chestnut Hill as managing director on a new venture that will focus on apartment real estate investment.
JV Buys Office Building in Chicago’s West Loop
A joint venture has purchased 230 W. Monroe, a building in Chicago’s popular West Loop area. The building is the second of two similar Class B buildings to have been sold by the General Electric Pension Trust affiliate.
Newcastle Bullish on Seniors Housing
Newcastle Investment bought eight seniors housing properties in five western states. The increasingly growing need for seniors housing influenced the company’s acquisition.
Westport Capital Buys 220,000-SF Suburban Phoenix CRE Portfolio
Westport Capital Partners bought the Agave Center in Tempe, Ariz., with plans to increase leasing.