Subject: Joint ventures (JV)

Principal Real Estate Investors has formed a conduit-lending operation with Macquarie Group. The platform, Principal Commercial Capital, will originate and securitize loans. Principal Real Estate will source, underwrite and service them, while Macquarie, an Australian investment bank, will provide the ...

AEW Capital Management has formed a venture with Sealy & Co. that aims to pursue industrial properties in the Southeast and South Central regions. Its acquisitions thus far include a 1.9 million-square-foot portfolio, located mainly in the Dallas-Fort Worth area, ...

The California Public Employees' Retirement System has formed a venture with Pacific Urban Residential, the multifamily investment subsidiary of Marcus & Millichap Co., to pursue class-B apartment properties on the West Coast. CalPERS, which has about $280 billion of assets ...

Inland Real Estate Corp. has formed a venture with MAB Corp., an Australian developer and investment manager, that's slated to develop grocery-anchored shopping centers in Washington, D.C., Virginia, the Carolinas, Georgia and Florida. Inland, an Oak Brook, Ill., REIT, said ...

Commercial Real Estate Direct Staff Report VisionMaker Worldwide, which is planning a large mixed-use complex near Walt Disney World in Orlando, Fla., is looking for an equity partner. The Orange, Calif., developer, which is led by John A. Cora, a ...

Commercial Real Estate Direct Staff Report Sabal Financial Group has launched an effort to provide equity capital against small-capitalization properties across the country. The Newport Beach, Calif., company will provide equity in $2 million to $10 million slugs, or up ...

Commercial Real Estate Direct Staff Report William and Richard Mack, who sold their stake in AREA Property Partners earlier this year to Ares Management, have launched the Mack Real Estate Group. The operation will pursue a wide variety of investments ...

The Canyon Catalyst Fund, a venture between the California Public Employees' Retirement System and Canyon Capital Realty Advisors, has formed a partnership with Sack Properties of San Francisco to invest $60 million to $100 million in northern California multifamily properties. ...

The Canyon Catalyst Fund, a venture between the California Public Employees' Retirement System and Canyon Capital Realty Advisors, has formed a partnership with Rubicon Point Partners of San Francisco that would invest in office, research and development, and data center ...

Commercial Real Estate Direct Staff Report Blu Hotel Investors plans to assemble a portfolio of 25 to 30 hotels over the next five years. The Santa Barbara, Calif., investment and development firm, which recently was founded by former executives of ...