Investment
Velocis Closes Second Fund, Raises $270M
The current equity commitments provide Fund II with $775 million in purchasing power.
Chinese Buyer Grabs Holiday Inn Near LAX
A subsidiary of the Esong Group means to profit from the purchase of the hotel, which is currently underutilized.
Sweet Mixed-Use Project Coming to Sugar Land
The former Imperial Sugar Refinery in the Houston area will get a fresh start as an 855,000-square-foot mixed-use destination.
The Investment Market Rebounds
By Andrew Merin, Vice Chairman, Cushman & Wakefield’s Metropolitan Area Capital Markets Group: In a climate of uncertainty, investors should make hay while the sun shines.
TDC Expands in Texas with Massive Industrial Property
The California-based development and investment firm purchased a modern distribution center spanning across 1.44 million square feet.
LeEco Completes Major Silicon Valley Land Purchase
The deal sets up the development of a major office campus inside Silicon Valley’s Golden Triangle.
SNH Closes Major Mortgage Refi in Boston
Senior Housing Properties Trust has closed on a $620 million mortgage loan on its life science campus in the Seaport District.
San Jose Marriott Changes Hands
The 510-key hotel, which is connected to the McEnery Convention Center, traded for roughly $300,000 per room.
Investors Press the “Pause” Button
Look for a noteworthy shift in the investment market during the second half as players exercise caution.