GE Real Estate has provided $54.4 million of financing to KS Partners for its acquisition of a 10-building portfolio of office and industrial buildings in the Boston suburb of Braintree, Mass.KS, led by Kambiz Shahbazi, a former founder...
Arden Realty has paid $45.5 million for the Scottsdale Center, a 167,000-square-foot office complex in suburban Phoenix.The Los Angeles firm, which GE Real Estate acquired last year, is buying the five-building complex from an affiliate of CMD Realty...
Post Investment Group has paid $22 million for two Dallas apartment buildings totaling 682 units.The Los Angeles company paid Strand Properties $13 million for Park Village Apartments, a 350-unit complex at 7575 S. Westmoreland Rd., and $9 million...
LEM Mezzanine has hired John Christen, a former senior vice-president with RAIT Financial Trust, as managing director to focus on loan originations.Christen will originate a variety of loan products, including mezzanine and bridge loans, B-notes and other structured...
GE Real Estate has provided $54.4 million of financing to KS Partners for its acquisition of a 10-building portfolio of office and industrial buildings in the Boston suburb of Braintree, Mass.KS, led by Kambiz Shahbazi, a former founder...
RiverOak Investment Corp. has raised another $25 million of equity from a group of high net-worth investors for its latest value-add investment vehicle, RiverOak Fund IV.The Stamford, Conn., company, is led by Stephen DeNardo and George Yerrall. Both...
Triple Net Properties has purchased two downtown Austin, Texas, office properties totaling 751,000 square feet.The two properties are the 433,000-sf 816 Congress and the 318,000-sf Avallon office complex. They were acquired from Crescent Real Estate Equities of Fort...
Arden Realty has paid $45.5 million for the Scottsdale Center, a 167,000-square-foot office complex in suburban Phoenix.The Los Angeles firm, which GE Real Estate acquired last year, is buying the five-building complex from an affiliate of CMD Realty...
Post Investment Group has paid $22 million for two Dallas apartment buildings totaling 682 units.The Los Angeles company paid Strand Properties $13 million for Park Village Apartments, a 350-unit complex at 7575 S. Westmoreland Rd., and $9 million...
Commercial Real Estate Direct Staff ReportCredit Suisse provided $287.2 million of debt to CapitalSource Inc. for its recent purchase of skilled-nursing facilities from Health Care Property Investors.A total of $250 million of the debt is comprised of senior...
RiverOak Investment Corp. has raised another $25 million of equity from a group of high net-worth investors for its latest value-add investment vehicle, RiverOak Fund IV.The Stamford, Conn., company, is led by Stephen DeNardo and George Yerrall. Both...
LEM Mezzanine has hired John Christen, a former senior vice-president with RAIT Financial Trust, as managing director to focus on loan originations.Christen will originate a variety of loan products, including mezzanine and bridge loans, B-notes and other structured...
Commercial Real Estate Direct Staff ReportCountrywide Commercial Real Estate Finance has provided $46.18 million of acquisition financing for the Northwood Centre office building in Tallahassee, Fla. The Calabasas, Calif., lender provided the 10-year mortgage to Ajax Investment Partners...
BPG Properties Ltd. has raised $850 million of investor commitments for its latest investment vehicle, BPG Investment Partnership VIII.The fund is the largest ever raised by BPG, a Philadelphia investment manager that has raised more than $2.8 billion...
Aspen Management Co. has sold the Ranch Center, a 60,022-square-foot retail property in the Los Angeles suburb of Diamond Bar, Calif., for $15.7 million, or $262/sf.The Tarzana, Calif., firm sold the property to an El Monte, Calif., investor...
A venture led by ING Clarion Partners has paid $28 million for the Valley Parkway Health Center, a 70,000-square-foot medical office building in San Diego's Escondido area.The venture, with Montecito Medical Co., was formed earlier this year to...
BPG Properties Ltd. has paid $57.75 million for Financial Plaza, a 310,000-square-foot office building in Mesa, Ariz.The 16-story property, at Alma School Road and Southern Ave. in suburban Phoenix, was purchased from Crescent Real Estate Equities, which had...
Allstate Real Estate Investment Group has provided $25 million of financing for the expansion of Town and Country Village, a mixed-use property in Houston.Allstate now has a total of $77 million on the property, which is owned by...
A venture between Veralliance Properties and Prudential Real Estate Investors has paid $72 million for Campus Point Technology Center, a 424,345-square-foot industrial property in the University Towne Center area of San Diego.The property, at 10300 Campus Point Dr.,...
BPG Properties Ltd. has raised $850 million of investor commitments for its latest investment vehicle, BPG Investment Partnership VIII.The fund is the largest ever raised by BPG, a Philadelphia investment manager that has raised more than $2.8 billion...
BPG Properties Ltd. has paid $57.75 million for Financial Plaza, a 310,000-square-foot office building in Mesa, Ariz.The 16-story property, at Alma School Road and Southern Ave. in suburban Phoenix, was purchased from Crescent Real Estate Equities, which had...
Commercial Real Estate Direct Staff ReportCountrywide Commercial Real Estate Finance has provided $46.18 million of acquisition financing for the Northwood Centre office building in Tallahassee, Fla. The Calabasas, Calif., lender provided the 10-year mortgage to Ajax Investment Partners...
A venture led by ING Clarion Partners has paid $28 million for the Valley Parkway Health Center, a 70,000-square-foot medical office building in San Diego's Escondido area.The venture, with Montecito Medical Co., was formed earlier this year to...
Aspen Management Co. has sold the Ranch Center, a 60,022-square-foot retail property in the Los Angeles suburb of Diamond Bar, Calif., for $15.7 million, or $262/sf.The Tarzana, Calif., firm sold the property to an El Monte, Calif., investor...
Allstate Real Estate Investment Group has provided $25 million of financing for the expansion of Town and Country Village, a mixed-use property in Houston.Allstate now has a total of $77 million on the property, which is owned by...
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