Ronald J. Platisha, former executive vice president of finance for CB Richard Ellis Inc., has joined BH Properties as chief financial officer. As CFO, Platisha will oversee the financial management of BH, a Los Angeles investor with a...
Maguire Properties Inc. has agreed to sell three Orange County, Calif., office buildings with 813,000 square feet for $310 million.The Los Angeles REIT had purchased the former Equity Office Properties Trust properties as part of a 7.7 million-square-foot...
Ashford Hospitality Trust Inc. has completed the $57.5 million sale of seven Towne Place Suites with 697 rooms.The portfolio is part of a package of properties that the Dallas company put on the sales block earlier this year...
A venture between CIP Real Estate and an investment fund sponsored by Alex. Brown Realty Inc. has sold the Northridge Promenade, a 90,344-square-foot retail center in Northridge, Calif., for $22 million.The venture, represented by the Palmer Team, sold...
Commercial Real Estate Direct Staff ReportThe Teachers' Retirement System of the State of Illinois has committed $250 million to three commingled real estate investment funds.The pension fund, which has $39.7 billion in assets, committed $100 million each to...
Commercial Real Estate Direct Staff ReportBond buyers have become leery of investing in CMBS conduits, preferring to wait until Moody's Investors Service puts into effect a proposed change to its ratings model that will result in an increase...
Westcore Properties LLC has paid $46.7 million for five office and R&D building in San Jose, Calif. Westcore, of San Diego, bought the buildings from Eagle Ridge Partners of Minneapolis. The buildings, which total 430,000 square feet and...
Ronald J. Platisha, former executive vice president of finance for CB Richard Ellis Inc., has joined BH Properties as chief financial officer. As CFO, Platisha will oversee the financial management of BH, a Los Angeles investor with a...
Ashford Hospitality Trust Inc. has completed the $57.5 million sale of seven Towne Place Suites with 697 rooms.The portfolio is part of a package of properties that the Dallas company put on the sales block earlier this year...
Commercial Real Estate Direct Staff ReportThe Teachers' Retirement System of the State of Illinois has committed $250 million to three commingled real estate investment funds.The pension fund, which has $39.7 billion in assets, committed $100 million each to...
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...
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...
Commercial Real Estate Direct Staff ReportHines REIT has agreed to buy a 197,135-square-foot office building in Seattle for $72.2 million from Touchstone Seattle Venture II.The building at 5th and Bell streets, which was developed by a venture of...
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...
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...
Crescent Hotels & Resorts has acquired two suite hotels with a combined 477 units in Plymouth Meeting, Pa., and Richmond, Va.The Fairfax, Va., investor plans to make a combined $6 million worth of improvements to the properties: the...
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...
Commercial Real Estate Direct Staff ReportMission Capital Advisors is offering a pair of loan portfolios with a combined balance of $20 million.Both portfolios, which are offered by different sellers, are expected to be sold before the end of...
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...
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...
Commercial Real Estate Direct Staff ReportHines REIT has agreed to buy a 197,135-square-foot office building in Seattle for $72.2 million from Touchstone Seattle Venture II.The building at 5th and Bell streets, which was developed by a venture of...
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...
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...
Crescent Hotels & Resorts has acquired two suite hotels with a combined 477 units in Plymouth Meeting, Pa., and Richmond, Va.The Fairfax, Va., investor plans to make a combined $6 million worth of improvements to the properties: the...
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...
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