General News
Ryan Krauch Joins Mesa West as Principal
Ryan Krauch, a vice president with Somera Capital Management, has joined Mesa West Capital as principal.Krauch, who had been charged with making investments on behalf of Somera's joint venture equity platform, will focus on originating structured finance packages in the...
Equity Office Property Buyers Should See Higher Rents
Commercial Real Estate Direct Staff ReportInvestors that purchased former Equity Office Properties Trust buildings from Blackstone Group should be successful in raising rental rates.That's largely because Equity Office, a REIT, had followed a strategy of keeping its 580 office buildings...
Jones Lang Adds 2 Trammell Leasing Brokers in Dallas
Jones Lang LaSalle has added two former Trammell Crow Co. executives to its Dallas office.The two, Jeff Eckert and James Esquivel, who were named senior vice presidents, will focus on increasing the firm's third-party agency leasing business and will handle...
Triple Net Sells Building in Fla., Buys Another in Ohio
Triple Net Properties has sold the Buschwood Office Park III, with about 78,000 square feet in Tampa, Fla., to Eola Capital. The two-story property, which was built in 1989, was sold by the Santa Ana., Calif., firm on behalf of...
Shorenstein Raises $1.3Bln of Equity for Investment Fund
Shorenstein Properties has raised $1.3 billion in equity for its latest investment fund. With leverage, the fund is likely to have about $3 billion of buying power.The fund is targeting value-add office and mixed-use property investments in major markets across...
LEM Taps Capital Markets Exec to Manage CDO
LEM Mezzanine has hired Frank Sparrow as vice president of capital markets.Sparrow joins the Philadelphia lender from Capmark Finance Inc., where he was vice president and portfolio manager. He managed a $5.5 billion portfolio of mortgages, mezzanine loans, preferred equity...
$201Mln Student Housing Portfolio on Sales Block
FortGroup is offering for sale a five-property, 4,477-bed student housing portfolio for $201 million.The St. Augustine, Fla., student housing developer has tapped Marcus & Millichap to market the properties, which are located in Gainesville, Fla., Athens, Ga., Columbia, Mo., and...
Westbrook Takes Stake in Washington Offices
Westbrook Partners has taken an equity position in a portfolio of four Washington, D.C., office buildings with nearly 390,000 square feet in a recapitalization valued at $100 million.The investment manager becomes a venture partner in the properties with ICG Properties,...
American Assets is Buyer of Fireman’s Fund HQ
American Assets Inc. has completed the $312 million purchase of the Fireman's Fund headquarters, a 710,330-square-foot complex in Novato, Calif.The San Diego investment firm purchased the property from American Financial Realty Trust, which was represented in the sale by Eastdil...
DTZ Rockwood Opens in Miami; Hires John Bell
John Bell, executive vice president and principal of Trammell Crow, has joined DTZ Rockwood as managing director and will head the company's new Miami investment sales operation.Donald B. Cartwright, who was principal and area director for South Florida at Trammell,...
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