News
Prudential, Johnson Capital Form Multi-Family Partnership
Prudential Mortgage Capital Co. has long wanted to add Freddie Mac Program Plus capabilities to its quiver. A new strategic partnership with Johnson Capital makes that possible.
USAA Partners with Crimson to Acquire $1B in Distressed Properties
USAA Real Estate Co. and Crimson Real Estate Fund L.P. have joined the fray with the creation of a new alliance to invest as much as $1 billion in distressed real estate in a variety of property sectors and locations across the country.
Yardi Aims to Expand PropertyShark Nationwide
PropertyShark marked the latest company purchase by Yardi Systems Inc., expanding the investment management and property management software provider into the real estate data realm.
New Calkain Division Geared Toward Urban Growth
From retail condominiums to big boxes, Jonathan Hipp views Washington, D.C.’s urban retail market as a place for growth. And with the formation of Calkain Urban Investment Advisors , he is prepared to be at the forefront.
CWCapital Expands West Coast Presence
CWCapital’s new Los Angeles office represents a big step for the Boston-based lender to the multi-family and healthcare real estate industries, which set its sights on creating a strong West Coast multi-family lending presence a couple of years ago and entered the market last July.
Economy Watch: Brookfield Aims to be GGP Stalking Horse
General Growth Properties Inc. has filed documents with the U.S. Bankruptcy Court for the Southern District of New York describing its proposed deal with Brookfield Asset Management, Pershing Square Capital Management and Fairholme Capital Management.
Premier Suburban D.C. Office Building Finds a New Owner in $122M Deal
AEW Capital Management L.P., acting on behalf of its open-end core fund AEW Core Property Trust (U.S.), has acquired Three Ballston Plaza, a premier 304,200-square-foot office property in Arlington, Va., just outside of Washington, D.C.
Behringer Harvard Gets $150M Credit Line
Behringer Harvard said on Wednesday that it has closed a $150 million Freddie Mac credit facility for Behringer Harvard Multifamily REIT I, Inc.
Freddie Launches Its Awaited Mezzanine Financing Program
Freddie Mac’s new mezzanine financing arrangement allowing mezzanine debt on qualifying senior multifamily mortgages (first mortgages) it purchases, has now officially been launched.
Weight Watchers Brings Cassidy Turley to the Leasing Table
Real estate service provider Cassidy Turley has been named the exclusive U.S. real estate representative for New York-based Weight Watchers. Under the agreement, which was announced Wednesday, Cassidy Turley will also provide project management services to the firm.