Details of the new division of Starwood Capital, a subsidiary of Starwood Financial Inc., are few. Sources say Starwood Technology Ventures, formed last year, was created to invest in technology-oriented real estate.
The Los Angeles investment-sales adviser recently hired Jose Alvarez from Jones Lang LaSalle in order to bolster its capabilities in the hotel sector. The firm aims to increase the amount of complex hotel deals it handles.
March 13, 2000 LOS ANGELES – Real estate opportunity fund Colony Capital Inc. has made an investment in a newly issued $500 million collateralized bond obligation to be managed by a subsidiary of First Republic Bank (NYSE: FRC).In a statement, ...
March 13, 2000 Canadian PressTORONTO – A joint venture of industrial services company Bracknell Corp. and engineering giant SNC-Lavalin Inc. has acquired Bell Canada's Nexacor Realty property management company. Financial terms of the deal were not disclosed. The joint venture, ...
March 9, 2000NEW YORK – Clarion Partners and ING Real Estate aim to raise up to $200 million for an investment fund that will invest in new developments. The fund, Clarion Development Ventures LP, has already started investing. It is ...
March 7, 2000 HORSHAM, Pa. – GMAC Commercial Mortgage Corp. has created a new "institutional investor business unit" aimed at catering to the needs of life companies and institutional investors.Michael B. Goorvich, currently GMACCM's senior vice president of national investor ...
Newmark & Co., a niche player in the New York real estate brokerage scene, is planning to become the top retail player in the market. It also is gearing up for an expansion outside of the city.
February 29, 2000 NEW YORK – Wellsford Real Properties Inc. (AMEX:WRP) has repurchased about 2.6 million shares of its outstanding common stock from an institutional investor. The shares were repurchased at $8 per share, for total consideration of $20.6 million ...
The Chicago REIT has retained Cohen Financial as adviser to explore strategic alternatives, which could result in a sale of some or all of its office, industrial and retail properties or a merger.
February 23, 2000 Apartment Investment and Management Co. has filed a Form 8-K detailing its sale of 1.2 million shares of preferred stock to AEW Targeted Securities Fund II LP for $30 million in January.
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