Velocis, which has targeted office, medical-office and retail properties since its inception in 2010, is expanding its focus to include apartments The shift was prompted by the coronavirus pandemic and the resulting uncertainty surrounding long-term...
Commercial Real Estate Direct Staff Report The Destiny USA mall in Syracuse, NY, has been appraised at a value of only $203 million, down from the $710 million pegged to it in 2014, when $430 million of CMBS debt was provided against it The property...
Commercial Real Estate Direct Staff Report A venture of One Real Estate Investment and MLG Capital has paid $363 million, or $117,097/unit, for the 310-unit Kelston Apartments in Charlotte, NC It bought the property from Emma Capital Investments Inc...
Avanath Capital Management has raised $760 million of equity commitments for its most recent fund, exceeding its $550 million target The vehicle, Avanath Affordable Housing IV LLC, is nearly twice the size of the Irvine, Calif, investment...
Dallas Business Journal A venture of Cawley Partners and Balfour Pacific Capital has bought Westpoint I, a 150,000-square-foot office building in the Dallas suburb of Irving, Texas HighBrook Investors sold the property and was represented in the...
Bainbridge has formed a venture with a member of the family that formed Indonesia's Lippo Group and others to pursue hotel investments It's aiming to amass more than 200 hotels over the coming years It first will target limited partner investors in...
Commercial Real Estate Direct Staff Report The 600-room Marriott Houston Westchase, which backs a troubled $699 million CMBS loan, has been appraised at a value of only $475 million The property’s loan is the only remaining asset in Bear...
Southwestern Property Corp has lined up a $344 million construction loan through the US Department of Housing and Urban Development’s 221(d)(4) program for the construction of the 180-unit Aspen Hills Apartments in Commerce City, Colo...
Commercial Real Estate Direct Staff Report Hana Alternative Asset Management Co has acquired a 95 percent stake in the 38-story Qualtrics Tower in downtown Seattle in a deal valuing the 703,000-square-foot office property at $704 million, or just...
Dwight Capital has provided $49 million of financing under the US Department of Housing and Urban Development’s 223(f) program for the 472-unit Remington Apartments in St Charles, Mo The property sits on a 40-acre parcel at 3545 Veterans...
