Investment
Marcus & Millichap Names Firoozabadi VP Investments
Firoozabadi most recently served as associate vice president investments. He received the designation in 2008.
Pontius To Lead Marcus & Millichap’s Leased Properties Group; Haddigan Retires
Another big move at Marcus & Millichap as Alan Pontius takes on Bernard Haddigan’s retail role.
BRE Grabs San Jose Apartment Property for $50.2M, Assumes Mortgage Loan
The San Francisco-based REIT assumed a $32.5 million mortgage in buying the 226-unit property.
1.4M-SF Ohio Commerce Center Snapped Up for Pocket Change
Spirongo Lordstown L.L.C., an entity controlled by brothers George and Spiros Bakeris of Howland, Ohio, has acquired the 1.4 million-square-foot Ohio Commerce Center in Warren, Ohio, from Roseville, Minn.-based Meritex.
Fuller Partnership “Perfect Fit” to Expand Cassidy Turley into Denver
Cassidy Turley’s latest expansion move did more than give the company a full-service presence in Denver. The fast-growing company, formed on March 1 with the partnership of a number of former Colliers firms and an assortment of others, found in Denver heavyweight Fuller Real Estate a “perfect fit.”
Emeritus JV Wraps Up Stayton Portfolio Buy
Emeritus Corp.’s portfolio has just gotten a lot bigger. In a joint venture with Blackstone Real Estate Advisors VI L.P. and Columbia Pacific Advisors, it closed the $1.2 billion acquisition of a 144-property seniors housing portfolio from Stayton SW Living L.L.C., which parted with the assets as part of its Chapter 11 plan of reorganization.
Brandywine Snaps Up 1MSF Philly Office in $129M Deal
Three years ago, the entire industry would have scoffed at the idea of acquiring the leasehold interest in a premier 1 million-square-foot Philadelphia office building for a measly $129 million, but Brandywine Realty Trust has succeeded in doing just that.
ACQ Makes $24M Equity Purchase of Atlanta’s Vinings Main
Rosemont, Ill.-based ACG Equities has made a 100 percent equity purchase of Atlanta’s Vinings Main mixed-use commercial and residential condominium development, which fell into foreclosure last December.
Colin Dyer: Good Recessions and Global Growth
Jones Lang LaSalle’s Colin Dyer talks about global growth and the benefits of the Staubach Co. acquisition.
Guardian Life Gives Lowe Enterprises a $200M Shot in the Arm
The partnership’s investment goal centers on capitalizing on the recovering real estate market, which presents substantial opportunities for favorable acquisitions. Lowe has already begun mining the country for just the right assets to purchase.