Real Estate & Construction News Round-up - January 2022 #4 | Pillsbury - Gravel2gavel Construction & Real Estate Law
The future of traditional real estate skills for virtual land buys is questioned, China’s property sector might experience policy easing, U.S. commercial real estate sales set records in 2021, and more....By: Pillsbury - Gravel2Gavel Construction & Real.
East End Capital Acquires Sunnyside Industrial Property
East End Capital has reportedly taken a bite out of Queens' busy industrial market, acquiring a renovated industrial property in Sunnyside. The firm paid $41.7 million for the warehouse at 48-02 48th Avenue, according to the Commercial Observer. Empire Office was the seller of the 140,000-square-foot property. The facility sits on more than two-and-a-half acres of land. The complex is three stories tall, including a 10,500-square-foot parking lot. In the last three years, Empire Office The post East End Capital bets on Sunnyside industrial appeared first on The Real Deal New York.
Investment Firm Blackstone India Consolidates Assets Worth $900M | Business Standard News
Blackstone said it has a robust track record of building high-quality logistics real estate platforms around the world. : Global investment firm Blackstone has consolidated its 16 logistics and warehousing assets across India, having an enterprise value of USD 900 million, under Horizon Industrial Parks. Blackstone said in a statement on Friday it has appointed Rahul Pandit as chief executive officer of Horizon Industrial Parks. The company has so far invested USD 500 million to assemble this platform.
Former Nypd Commissioner Dermot Shea To Join Hudson Yards Real Estate Firm
Related Companies has tapped Dermot Shea to be their new President of Related Commercial Property Management. : Related Companies, the real estate behemoth that runs the Hudson Yards, has tapped Dermot Shea to be its president of related commercial property management, a position it created for the former NYPD commissioner. Shea, 52, won't be handling security for Related Companies and will instead oversee management and operations of the firm's commercial office and mixed-used properties, the company said in a news release.
Sergey Brin's Family Office Names Marie Young As Investment Head
Brin, 48, has a net worth of $111.1 billion, according to the Bloomberg Billionaires Index, primarily thanks to his 6% stake in Alphabet Inc. worth about $97 billion.
29th Street Capital Buys Houston Apartments - Multifamily Real Estate News
Haven Residential will oversee management and leasing of the property. The post 29th Street Capital Buys Houston Apartments appeared first on Multifamily Real Estate News.
Ira Capital Launches Senior Housing Strategy With $107M Buy - Multifamily Real Estate News
The company purchased two assets in Southern California, and intends to invest $1 billion in the sector over the next few years. The post IRA Capital Launches Senior Housing Strategy With $107M Buy appeared first on Multifamily Real Estate News.
Dobbs Equity Partners, Starling Automotive Among Dealership Buyers | Automotive News
Three Chrysler-Dodge-Jeep-Ram dealerships and one Buick-GMC dealership were sold in November and December deals to a private equity firm, expanding dealership groups and first-time dealership buyers.
Harbor Group Buys $475M Workforce Housing Portfolio - Multifamily Real Estate News
The properties are located across North Carolina's Research Triangle. The post Harbor Group Buys $475M Workforce Housing Portfolio appeared first on Multifamily Real Estate News.
Sunway Reit Posts Rm72.66mil Realised Income In Q6 2021 | New Straits Times
KUALA LUMPUR: Sunway Real Estate Investment Trust (Sunway REIT) posted RM72.66 million realised income on RM157.8 million revenue for the sixth quarter (Q6) ended December 31, 2021 (FY21). (c) New Straits Times Press (M) Bhd.
Alexandria Real Estate Equities, Inc. (nyse:are), (cbre) - Fractional Investment Opportunity In Beachfront Multifamily Property: Last Call To Invest | Benzinga
Retail investors have the opportunity to own equity in Eliot on the Ocean, a 94% occupied multifamily mid-rise apartment complex along Revere Beach in Boston's North Shore suburb, through an offering on Yieldstreet's alternative investment platform (view more offerings). Investors have already funded 92% of Yieldstreet's $23 million equity position in this property, so this is the last call to participate in the offering. The Asset: Eliot on the Ocean is a 194-unit luxury apartment community that was constructed in 2016. The property has unobstructed beach frontage and easy access to downtown Boston. The sponsor ...Full story available on Benzinga.com.