News
$40M Wildlife Museum Donated to the University of Colorado
The University of Colorado recently received the largest real estate donation in its 138-year history: The Wildlife Experience facility in south Denver.
Lionstone Snaps Up 650 KSF San Diego Tech Center
Lionstone Investments acquired the trophy property from Beacon Capital Partners, which paid $152.2 million for the asset in 2012.
Boston Properties Sells Interest in Office Buildings to Norges Bank for $1.5B
Norges Bank Investment Management, Norway’s sovereign wealth fund, continues picking up prime office assets in the United States.
Update: JCR Capital Obtains $105M for Middle-Market Fund
JCR Capital’s JCR Capital Commercial Real Estate Finance Fund III L.P. is targeting a total capitalization of $250 million for middle-market sponsors typically overlooked by institutional capital.
SARES REGIS Acquires M-F Property in Escondido, Plans Makeover
An Escondido apartment community recently traded hands as part of a 300-unit acquisition completed by the SARES REGIS Multifamily Fund. The buyer acquired the Alta Vista residential property in the north San Diego County in a deal that also included the Portland, OR community of Westview Heights. The two deals bring the buyer’s current multifamily portfolio to eight properties and 1,220 apartments in the Western states of California, Oregon, Colorado and Washington. The fund was created last year with $114 million.
Economy Watch: Fed Ending QE3; CPI; Homebuilder Confidence
The federal monetary stimulus of the economy seems to be on its last legs; CPI for All Urban Consumers dropped 0.2 percent; and homebuilder confidence rose to a level of 59.
NMSU Announces Opening of $12.6M High-Tech Building
By Anca Gagiuc, Associate Editor April 2013 was the ground breaking moment for New Mexico State University’s Pete V. Domenici Hall. This week the grand opening reception is taking place at the building located at 3014 McFie Circle, in the center of the campus. The new building is meant to repurpose the university’s Hershel Zohn […]
Griffis Residential Rebrands Pair of M-F Assets
Griffis Residential recently unveiled the new names of the two Las Vegas area communities it owns. The Denver-based multifamily investment and management firm has baptized the two premium residential assets by introducing the Griffis brand into the new monikers for the properties. As a result, The Wellington Apartments has now become Griffis Summerlin South, while Quest Apartments has been renamed as Griffis Cornerstone Park.
SL Green to Buy, Sell in Two Deals Totaling $745M
It’s not every day that a real estate company announces it has signed deals involving two properties valued at an aggregate three-quarters of a billion dollars.
Capital One Wraps $277M Loan Syndication for Brooklyn M-F Tower
The 554-unit high-rise will mark the final phase of Douglaston Development’s Edge mixed-use project in the Williamsburg section of Brooklyn, N.Y.