Investment
Colony American Finance Grabs $165M Loan Portfolio, Partners with Auction.com
Colony American Finance has purchased a $165 million portfolio of acquisition lines secured by single-family homes from Archetype Credit Opportunity Fund, a private money lender backed by the original investors in Auction.com.
Kettler Sells 233-Unit Luxury M-F Property in DC for $112M
Two years ago, Kettler kicked-off construction of the $80 million luxury apartment community at 450 K St. NW in Washington, D.C., and now the company has completed the development of the 233-residence mixed-use project and sold it to Ogden CAP Properties for $106 million.
American Realty Advisors Pays $100M for M-F Asset in L.A.’s Silicon Beach
ARA, a Los Angeles-based institutional investment manager bought the high-end,196-unit property in western Los Angeles’ “Silicon Beach” district.
TIAA-CREF, Norges Bank Buy Hall of the Americas
One might surmise that not since the start of the Viking Era in the eighth century has a Nordic invasion of this magnitude been seen, though this one uses joint ventures rather than long ships.
NYC Sees Strong RE Investment, Leasing Activity
New York City holds strong to its reputation as the world’s largest real estate investment market.
Executive Spotlight: David Antonelli, Bentall Kennedy
Early in his career, a well-meaning mentor suggested to David Antonelli that he might consider focusing on finance, rather than real estate, so he could easily transition between asset classes during variable economic times.
INTERNATIONAL: W. P. Carey Buys 31 Australian Industrial Properties for $138M
W.P. Carey has completed yet another international acquisition, closing a 20-year sale-leaseback deal with Inghams Enterprises Pty. Ltd., for a portfolio of 31 properties in the Australian market.
BCRE Acquires 627 Greenwich St. in Manhattan for $106M
Brack Capital Real Estate has closed on its $106 million purchase of a vacant, 12-story commercial building at 627 Greenwich St. in Manhattan’s West Village.
Hershey Trust Trades 218 KSF Shopping Center in Central Pennsylvania
Hershey Trust Co. has traded Hershey Square Shopping Center in Hummelstown, Pa. to Heidenberg Property Group for an undisclosed amount.