Investment
Rising Realty Partners Acquires 440 KSF PacMutual Building in Downtown L.A.
Rising Realty Partners, helped by funds from Mount Kellett Capital Management, has acquired the landmark 440,000-square-foot PacMutual building in Downtown Los Angeles and plans a significant repositioning for the property.
Christian Redfearn: Valuing Real Estate
Christian Redfearn, director of the graduate programs in real estate at USC’s Sol Price School of Public Policy, blogs on CPE’s From the Inside about the abuse of IRR in measuring property value.
Khoshbin Co. Makes 395 KSF Office Investment in Houston
The Khoshbin Co., a privately held Irvine, Calif.-based real estate firm, has just completed its acquisition of two office buildings in Houston’s Greenspoint submarket, picking up 333 N. Sam Houston Parkway East and 10700 Interstate 45 North, two multi-tenant office buildings spanning 395,424 square feet.
American Realty Advisors Picks Up More Than 900 KSF Across Five Assets
American Realty Advisors’ commercial real estate purchasing activity has just swelled by approximately 900,000 square feet — and then some — with the recent addition of five properties spanning the industrial, multi-family, office and retail sectors.
Innisfree Gets $57M Loan for Three Gulf-Coast Hotels
With the assistance of Aries Capital, Innisfree Hotels has received $57 million in financing for three of its hotels along the Gulf Coast just weeks in advance of maturity dates on existing loans.
KBS Legacy Partners Acquires 255-Unit Multi-Family Property Outside Baltimore for $65M
KBS Legacy Partners Apartment REIT has just completed the purchase of the 255-unit The Residence at Waterstone in Pikesville, Md., taking it off the hands of Avalon Village Green Associates for $64.7 million.
Pru Nets $568M in Capital for Seniors-Housing Fund
Prudential Real Estate Investors is set to make a big impression in the seniors-housing sector, having raised $568 million for its newest and largest seniors-housing fund.
CBRE Realty Trust Picks Up 1.4 MSF Warehouse Outside Chicago
CB Richard Ellis Realty Trust has made a significant addition to its Chicago portfolio with the purchase of a 1.4 million-square-foot bulk warehouse and distribution center. The property is fully leased through August 2021.
NorthMarq Arranges $59M in Financing for Chicago's 400 S. Jefferson Building
In an effort to help push along the schedule for Chicago’s 400 S. Jefferson building, NorthMarq has arranged $58.5 million in acquisition and renovation financing for the property.
CIM Buys Chicago’s Block 37 from BoA
CIM Group, the Los Angeles-based real estate fund, has closed on Chicago’s troubled Block 37 development. The fund purchased the property from Bank of America for a reported $84 million.