Subject: Joint ventures (JV)

Homburg Invest Inc., a Canadian developer, will not proceed with a proposed venture with Cedar Shopping Centers Inc. that was to invest in 32 of the Port Washington, N.Y., REIT's properties. Cedar said Homburg, which is based in Halifax, Nova ...

Commercial Real Estate Direct Staff ReportThe Chapter 7 Bankruptcy filing by the Mervyn's department store could have an impact on two CMBS transactions as well as a venture between Developers Diversified Realty Corp. and Macquarie DDR Trust. Mervyn's occupies space ...

Centerline Capital Group has formed a venture with Zais Group to pursue investments in commercial real estate securities. Centerline, among the most active players in the CMBS B-piece market, will identify and analyze potential investments and capitalize them through its ...

First Industrial Realty Trust and the California State Teachers' Retirement System have extended the terms and investment periods of several joint-venture agreements.First Industrial, a Chicago REIT, and CalSTRS created the ventures in 2005 and 2006 for investment in industrial property.They ...

By John Covaleski, Commercial Real Estate Direct Staff Writer BentleyForbes is meeting with investment bankers to discuss how to raise capital for its plan to add $9 billion of assets to its real estate portfolio by 2014. The Los Angeles ...

EMG and Bock & Clark have formed an alliance to provide due diligence services to lenders, property owners and real estate investors. EMG, a Hunt Valley, Md., consulting firm well known for its environmental and engineering work, and Bock & ...

Perseus Realty Partners has made a $4.6 million equity investment in Ansley at Princeton Lakes, a 306-unit apartment complex in Atlanta that is under construction. The joint-venture equity investment was made on behalf of Perseus Realty Partners II, the Washington, ...

  Sovran Self Storage Inc. has formed a venture with an affiliate of Heitman LLC that will aim to acquire up to $350 million of self-storage properties in the United States. Heitman, a Chicago investment manager, committed $100 million of ...

Praedium Group, an opportunistic real estate investment manager, has formed a venture with Alpha Equity Management to pursue investments in publicly traded real estate securities. "While Praedium's core strategy continues to be identifying opportunistic, value-added real estate deals, we are ...

Duke Realty Corp. has identified six recently developed industrial properties with 5.2 million square feet that it will sell for $250 million to a venture it has formed with CB Richard Ellis Realty Trust. The venture, which has a projected ...