Investment
Canada Pension Plan Investment Board Makes First Investment in San Francisco
Canada Pension Plan Investment Board is making its first direct investment into San Francisco’s hot office market with the purchase of a 45 percent stake in 1455 Market St.
Crocker Partners, Cornerstone Bringing Big Changes to Boca Raton
Crocker Partners and Cornerstone Real Estate Advisers have bought Boca Center in Boca Raton and they have big changes in mind.
Return of the King: NYC Takes Back Global Investment Crown from London
The results are in for AFIRE’s 23rd annual survey of foreign investors in real estate. Multi-family is in favor, though Washington, D.C., is slipping.
Brookdale Revealed as Buyer of 777 Main in Fort Worth
A local Fort Worth newspaper reported that the Brookdale Group was the unnamed buyer of the 980,000-square-foot office tower in downtown Fort Worth, sold by Cousins Properties amid a tenant lawsuit.
Madison Realty Shells Out Financing for M-U Project in Williamsburg
Madison Realty Capital gives its support to 55 Wythe Ave. by providing $81 million in financing for the mixed-use project.
Stone Point Capital Grabs Situs, Makes Powel New CEO
The word on the street is that in addition to Stone Point Capital’s purchase of Situs, current CEO D. Keith Johnson will be stepping down, and Steve Powel will be filling his shoes.
Meridian Arranges $135M in Financing for World’s Tallest Holiday Inn
Meridian Capital Group has facilitated a $135 million mortgage for the refinancing of the Holiday Inn Manhattan-Financial District, on behalf of Sam Chang and Jubao Xie.
Kushner, KABR to Revitalize Journal Square in Jersey City
There’s a major multi-family addition in Jersey City, N.J.’s future.
KBS Feeds Bay Area’s Hungry Office Market with Another Purchase
To take advantage of an increasing interest from financial service and technology-oriented tenants in the San Francisco area, KBS has bought a three-building, Class A office property in Emeryville, Calif.