RECENT NEWS
Ernst & Young Names Brennan Manager of its Transaction Real Estate Practice
Ernst & Young LLP have appointed Kevin J. Brennan manager of its Transaction Real Estate practice at its New York office. Brennan joins Ernst & Young after serving as a senior executive vice president at Carlton Advisory Services...
Southern California Retail Property Sells for $37.3Mln
Lakha Properties has paid $37.3 million for Desert Springs Marketplace, a 105,157-square-foot retail property in Palm Desert, Calif.The Bellevue, Wash., firm purchased the property from Sanderson J. Ray, an Irvine, Calif., investor. The seller marketed the property through...
Capmark Provides $43Mln for Connecticut Hotel
A venture between Hersha Hospitality Trust and Waterford Hospitality Group has lined up $43 million of financing for the 285-room Mystic Marriott Hotel & Spa in Groton, Conn.The venture received the financing from Capmark Finance Inc. of Horsham,...
Suburban Milwaukee Retail Property Sold
An affiliate of WexTrust Capital has acquired the Pinecrest Shopping Center, a 102,504-square-foot retail building in the Milwaukee suburb of Burlington, Wis.The affiliate, S. Pine Street Investors, purchased the property from an undisclosed seller. A purchase price was...
AVR Realty Lines up $28Mln of Financing for Denver Hotel Purchase
AVR Realty has lined up $28 million of acquisition financing for its purchase of the 236-room Embassy Suites Denver Tech Center in Denver.The Yonkers, N.Y., firm received the mortgage from Capmark Finance Inc., a Horsham, Pa., lender. Terms...
Capmark Provides $26.2Mln for Construction of San Diego Retail Property
Sudberry Development Inc. has lined up $26.2 million of financing for the construction of Marketplace at Santee, a 71,586-square-foot retail property in the San Diego suburb of Santee, Calif.The San Diego developer received the financing from Capmark Finance....
Corus Provides $38.5Mln for Suburban Seattle Residential Project
A venture between Urban Partners and Westport Capital Partners has lined up $38.5 million of financing for the construction of Burien Town Square, a 124-unit condominium project in the Seattle suburb of Burien, Wash. The venture received the...
Retail Center in Suburban Tampa for Sale
Century Retail of Orlando, Fla., is marketing for sale a 106,614-square-foot retail center in Apollo Beach, Fla. The Tampa, Fla., office of Marcus & Millichap is listing property, the Shoppes of Apollo Beach, with an asking price of...
Suburban San Diego Retail Property Sold for $30.7Mln
An affiliate of Greenstreet Real Estate Partners has paid $30.7 million for the Poway Crossings Shopping Center, a 114,811-square-foot retail property in the San Diego suburb of Poway, Calif.The Newport Beach, Calif., real estate firm purchased the property...
Suburban St. Louis Retail Property Sold
DDRS has purchased Megan Crossings, a 113,820-square-foot retail property in O'Fallon, Mo.The Boise, Idaho, firm purchased the property from an undisclosed seller. A purchase price is not known.Megan Crossings, which was built in 2005, is fully leased to...
Capmark Provides $35Mln of Financing for San Diego Shopping Center
A private real estate firm has lined up $35 million of financing for the Rio Vista Shopping Center, a 144,022-square-foot retail property in San Diego.The borrower, R.V.S. Retail, received the loan from Capmark Finance. The fixed-rate loan carries...
Embarcadero Capital Pays $29.8Mln for Sacramento Apartment Complex
Embarcadero Capital has paid $29.8 million for The Falls at Arden, a 272-unit apartment complex in Sacramento, Calif. The San Francisco firm purchased the complex from a private seller operating as 2345 Northrop LLC, which marketed the property...
Marcus & Millichap to Market Miami Development Parcel for $15.4Mln
An undisclosed seller is offering for sale a 34.3-acre development site in Miami.The sellers have tapped Marcus & Millichap to market the property, which carries a $15.4 million asking price.The property sits at South West 288th Street and...
Capmark Provides $26.2Mln for Construction of San Diego Retail Property
Sudberry Development Inc. has lined up $26.2 million of financing for the construction of Marketplace at Santee, a 71,586-square-foot retail property in the San Diego suburb of Santee, Calif.The San Diego developer received the financing from Capmark Finance....
Former ING Clarion Managing Director Dies
Charles Grossman, a former managing director of ING Clarion Partners, has died of complications of lung cancer in New York City. He was 63.Grossman was a leader in institutional investing in real estate and in the retail property...
Retail Center in Suburban Tampa for Sale
Century Retail of Orlando, Fla., is marketing for sale a 106,614-square-foot retail center in Apollo Beach, Fla. The Tampa, Fla., office of Marcus & Millichap is listing property, the Shoppes of Apollo Beach, with an asking price of...
Corus Provides $38.5Mln for Suburban Seattle Residential Project
A venture between Urban Partners and Westport Capital Partners has lined up $38.5 million of financing for the construction of Burien Town Square, a 124-unit condominium project in the Seattle suburb of Burien, Wash. The venture received the...
Capmark Provides $35Mln of Financing for San Diego Shopping Center
A private real estate firm has lined up $35 million of financing for the Rio Vista Shopping Center, a 144,022-square-foot retail property in San Diego.The borrower, R.V.S. Retail, received the loan from Capmark Finance. The fixed-rate loan carries...
Suburban St. Louis Retail Property Sold
DDRS has purchased Megan Crossings, a 113,820-square-foot retail property in O'Fallon, Mo.The Boise, Idaho, firm purchased the property from an undisclosed seller. A purchase price is not known.Megan Crossings, which was built in 2005, is fully leased to...
Suburban San Diego Retail Property Sold for $30.7Mln
An affiliate of Greenstreet Real Estate Partners has paid $30.7 million for the Poway Crossings Shopping Center, a 114,811-square-foot retail property in the San Diego suburb of Poway, Calif.The Newport Beach, Calif., real estate firm purchased the property...
Embarcadero Capital Pays $29.8Mln for Sacramento Apartment Complex
Embarcadero Capital has paid $29.8 million for The Falls at Arden, a 272-unit apartment complex in Sacramento, Calif. The San Francisco firm purchased the complex from a private seller operating as 2345 Northrop LLC, which marketed the property...
Former ING Clarion Managing Director Dies
Charles Grossman, a former managing director of ING Clarion Partners, has died of complications of lung cancer in New York City. He was 63.Grossman was a leader in institutional investing in real estate and in the retail property...
Marcus & Millichap to Market Miami Development Parcel for $15.4Mln
An undisclosed seller is offering for sale a 34.3-acre development site in Miami.The sellers have tapped Marcus & Millichap to market the property, which carries a $15.4 million asking price.The property sits at South West 288th Street and...
Westbrook Venture Sells Bethesda, Md., Hotel for $92.1Mln
A venture that includes Westbrook Partners has sold a 407-room Marriott hotel in Bethesda, Md., for $92.1 million. A buyer was not identified.Westbrook's venture with Northview Hotel Group had recently completed $13.5 million of capital improvements to the...
JBG-MacFarlane Venture Eyes $10Bln in Washington-Area Investments
JBG Cos. and MacFarlane Partners have formed a venture that is planning $10 billion of development and redevelopment projects in the Washington, D.C., region. JBG of Chevy Chase, Md., has seeded the venture, JBG Urban LLC, with 93...
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