Subject: Non-institutional investors (HNW)
Trion Properties Expands Investment Focus to Southeastern U.S.
The California investment manager has broadened its focus to include apartment properties in the Southeastern United States, which has been enjoying a mass in-migration of people and businesses. It's purchased properties in North Carolina and Florida and is eying opportunities ...
Start-Up Investment Fund Has Strong Early Showing
Commercial Real Estate Direct Staff Report PC2 Capital, the investment operation launched by former Citi CMBS trader Pasquale Cardone, has had a solid early showing, generating a 14.6 percent net return for its investors since its inception. Cardone launched the Venice, ...
Citymark Raises $150Mln for Follow-Up Value-Add Fund
Citymark Capital has completed capital-raising for its second value-add apartment investment vehicle. The Cleveland investment manager, which was formed five years ago by Daniel Walsh, the former national head of KeyBank's real estate capital markets unit, raised just more than ...
Five-Story Medical-Office Building Under Construction in Houston
Houston Business Journal Construction is underway on a 116,500-square-foot medical-office building in Houston. Healthpeak Properties Inc. is developing the five-story property at 7500 Fannin St. It already is 36 percent preleased and will include a parking garage that's being built ...
Former CBRE Exec Launches Platform for Non-Traded REIT Share Sales
Commercial Real Estate Direct Staff Report A group led by Ray Wirta, chief executive of developer Koll Co. and former chief executive with CBRE, has launched an online auction platform designed to help investors in non-traded REITs sell their shares. ...
JP Morgan Provides $60.5Mln of Debt for NY Offices
July 17, 2003 J.P. Morgan Chase has provided $60.5 million of fixed-rate financing for 17 Battery Place, a 440,000-square-foot office building in lower Manhattan.The financing was arranged by Singer and Bassuk Organization, which advised the property's owner, an investment group ...
BentleyForbes Plans $500Mln of Property Purchases
The Los Angeles investor, which focuses on net-leased properties, is embarking on a portfolio expansion and rejiggering. It plans to buy up to $500 million of properties, and its appetite has broadened to include multitenant buildings.
Last Parcel in Va. Park Sold to Investors
May 8, 2003 The Virginian-PilotDominion Lands Inc., the real estate subsidiary of power company Dominion Resources Inc., sold the 250 remaining acres of undeveloped land in Bridgeway Commerce Park in Suffolk, Va., for $6.5 million. Suffolk Towers LLC, a group ...
Denver Investment Firm to Turn Up Pace of Acquisitions
After two years in which it has been a net seller of real estate, Broe Cos. is planning to make $450 million of opportunistic investments in San Francisco, Chicago and Denver. It has hired three executives to put its plan ...
Red Sea May Purchase Industrial, Office Portfolios
The Tel Aviv investment firm is in the process of buying two portfolios valued at more than $100 million apiece. Those purchases would go a long way in helping the company meet its goal of increasing the size of its ...
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Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
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