Investment
ULI Special Report: Global Capital Flows
Foreign capital continues to flow into real estate around the world, some top global investors affirmed during the general session “Capital Markets: A Global Perspective” at the Urban Land Institute’s Fall Meeting yesterday.
Walker & Dunlop Originates $108M Fannie Mae Loan for Housing Community in Lakeland, Fla.
Blair Group, one of Florida’s largest developers of affordable adult active lifestyle communities, has taken advantage of low mortgage rates and refinanced its Cypress Lakes manufactured housing complex with a $108 million Fannie Mae loan originated by Walker & Dunlop.
London’s 90 North Enters North American Market with $750M to Invest
London-based 90 North Real Estate Partners comes across the pond to the U.S. to make its entrée into the North American market.
Atlas Residential Buys $150M M-F Portfolio in Orlando
In Orlando’s largest apartment transaction of 2014, Atlas Residential has acquired a 1,024-unit multi-family portfolio from a large national owner-operator.
Forest City Selling 55% Stake in Barclay’s Center
Forest City Enterprises appears ready to sell its majority stake in the Barclays Center arena, the crown jewel in its $4.9 billion Atlantic Yards project in downtown Brooklyn.
Hartz Mountain Industries Acquires North Atlanta Distribution Portfolio for $129M
An entity controlled by Hartz Mountain Industries has acquired Peachtree Corners and Kennestone Corners, a 2.5 million-square-foot North Atlanta distribution portfolio of Class B industrial centers, from Clarion Partners.
Pioneer Spirit: Arturo Sneider
For more than two decades, Los Angeles-based Primestor Development Inc. has been introducing national retail brands to urban communities long bypassed by others. Under CEO Arturo Sneider, the company brings together elected officials, community leaders, lenders and other stakeholders and creates architecturally appealing projects with a varied lineup of retailers carefully tailored to the community’s needs.
CBRE Arranges $158M Financing for Koll on Office Industrial Park in Irvine
The Koll Co. has refinanced Airport Business Center, a 1.2 million-square-foot office/flex industrial park in Irvine, Calif., to the tune of $158 million.
Cousins Begins Construction of Office Development in Austin
Cousins Properties is starting construction on Research Park V, a 173,000-square-foot Class A office development in Austin, which is the last of a planned five-building complex the firm has developed.