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.
Pantzer Grabs M-F High-Rise in Metro D.C. for $168M
Panzter Properties has bought an 891-unit high-rise complex in Silver Spring, Md., for $168 million.
Update: Transfer of Cousins' Unit to C&W Good Move for Both Firms
Cushman & Wakefield’s acquisition of Cousins Properties third-party Client Services Group, located in Atlanta and Dallas, is a strategic move for both companies.
Sabal Buys $121.5M in CRE Loans
Sabal Financial Group, L.P. has acquired a$121.5-million portfolio from a bank that includes 44 loans and properties in seven different states.
Ground Breaks on Luxury 323-Unit M-F Project in San Antonio
USAA Real Estate Co., in partnership with Cambridge Development Group, broke ground on a 323-unit multi-family project in San Antonio.
Kennedy Wilson Partnership Picks Up $449M Irish Loan Portfolio
Kennedy Wilson has partnered with Deutsche Bank AG’s European Commercial Real Estate Group to buy a loan portfolio secured by commercial real estate assets in Ireland.
Breaking News: C&W to Buy Cousins’ Third-Party Client Services Group
Cushman & Wakefield will buy Cousins Properties Inc. third-party Client Services Group, located in Atlanta and Dallas.
Beech Street Closes $371M Loan Package for 5,517-Unit M-F Portfolio
Beech Street Capital Inc. has provided the funding for the recapitalization of a 5,517-unit apartment portfolio in Maryland.