Investment
Dekel Capital Kicks Off JV-Equity Investment Platform
Real estate merchant bank Dekel Capital has introduced Dekel Strategic Investors, a new real estate JV-equity investment platform that, along with partner Mountain Capital Partners, will offer $3 million to $10 million of equity to capital-seeking developers of multi-family and retail projects.
The Rockefeller Group to Acquire Majority Interest in TA Realty
The Rockefeller Group is expanding its global investment management platform with the acquisition of the majority stake in Boston-based TA Realty L.L.C.
INTERNATIONAL: LaSalle Buys King Square Studios Student Housing in Bristol
LaSalle Investment Management has bought King Square Studios, a student accommodation asset in the established university town of Bristol for $54 million.
CBRE Grabs Boutique Office Building in San Fran’s Financial District
CBRE Global Investors has bought 235 Pine St, a 150,159-square-foot Class A office facility located in the heart of San Francisco Financial District.
Dune RE Fund III Closes Oversubscribed at $960M
Dune Real Estate Partners L.P. set an $850 million target for Dune Real Estate Fund III–an investment vehicle focused on distressed, deep value-add opportunities and contrarian investments predominantly in the U.S.–and not only did it hit the target, it surpassed it.
Crescent Communities Sells M-F Property in Tampa
In a $111 million transaction, Crescent Communities has sold Crescent Bayshore, a 367-unit multi-family community in downtown Tampa, to a fund advised by UBS Global Asset Management.
ULI Special Report: Cities Worldwide Grapple with Affordable Housing Issues
Urban centers globally, such as Hong Kong and London, are also grappling with affordable housing shortages.
INTERNATIONAL: Savills, DTZ to Sell M-F Portfolio in Dublin
A private investor and Ireland’s National Asset Management Agency have appointed international real estate advisor Savills and DTZ Sherry FitzGerald to sell 588 apartments across seven residential developments in Dublin.
TIAA-CREF, Norges Buy Prime Office Set in DC
TIAA-CREF and Norges Bank Investment Management have acquired 800 17th St., N.W., in Washington, D.C., for a reported record $1,075 per square foot – $392 million – for the 364,000-square-foot trophy property.