Redbricks.com, which is making a name for itself as a provider of commercial mortgage financing on the Internet, is will soon be making equity investments.
The Philadelphia investment company is said to be targeting $250 million to $300 million for its third opportunity fund. It has raised $420 million for two previous funds.
First Union and Merrill Lynch priced an $886 million conduit deal at tight levels. First Union retained the issue's mezzanine classes amid strong market demand.
The investment bank is about to put the finishing touches on its second real estate investment fund, which should have more than $3 billion of buying power.
Having fully invested KB Opportunity Fund 6, Koll Bren Schreiber Realty Advisors is starting to raise $350 million for Fund 7.
Bear Stearns and Wells Fargo plan to launch a $900 million joint conduit deal in January. The transaction will also include loans originated by Morgan Stanley.
Boston's office market has gotten so strong that tenants in some cases are signing leases for space that they might not need for three years.
If a proposed development proves feasible, Hallmark Partners and Stiles Corp. will soon be looking for construction financing for a large mixed-use project in Jacksonville, Fla.
With prices still sky-high, a growing number of owners of Raleigh, N.C., properties are deciding to test the market by offering their holdings for sale.
Real estate fundamentals are expected to remain stable next year, according to Sonnenblick-Goldman's crystal ball. REITs and opportunity funds will be sellers while pension funds will be buyers. And the Internet will alter the face of the shopping mall.
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© 2023 Commercial Real Estate Direct All rights reserved..