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Jll | Tim River |commercial Real Estate |cushman & Wakefield

Tim Rivers, a former executive of Cushman & Wakefield and Newmark Grubb Knight Frank, joined commercial real estate brokerage firm JLL to lead its offices in Florida. As the Tampa-based Florida market director, Rivers will oversee JLL offices in Coral Gables, Miami, Maitland, Orlando and Jacksonville as well as Tampa. He will lead such JLL business lines as tenant representation, leasing, property management and capital market activities. Rivers worked the last five years with Cushman ... [more]
Read by 54% of LPs October 19, 2018

Miami Gardens Apartments | Park Plaza | Coastline Management

A joint venture between Coastline Management and Tower Capital Group paid $33.2 million for an apartment complex in Miami Gardens. EB Real Estate Group, an investment firm in New York, sold the 234-unit Park Plaza Apartments for about $142,000 per unit, according to a press release. Berkadia's Tal Frydman, Yoav Yuhjtman and Nicholas Perrone represented the buyer and seller. Freddie Mac provided a $25.4 million loan. Property records show EB Park Plaza LP paid $22.7 ... [more]
Read by 68% of LPs October 19, 2018

$255M Penzance Fund To Target D.c.-area Investments

Penzance enters the private equity business, targeting a portfolio size of $800 million to $1 billion for the fund. : Real estate owner, operator and developer Penzance has closed its first real estate private equity fund. The Penzance DC Real Estate Fund LP ("Fund I"), with total equity commitments of $255 million, was launched to target value-add investments in D.C.-area residential, commercial and mixed-use real estate. The discretionary fund's investor base includes a diverse mix of institutional investors. They include endowments, foundations and family offices.
Read by 59% of LPs October 19, 2018

Europe Urges China To Open Up At Asia Summit - Ibtimes India

China restricts foreign investment more than the EU in every sector except real estate, according to a report by the Rhodium Group consultancy.
Read by 80% of LPs October 19, 2018

Real Estate Firm Buys Ritz-carlton Kapalua On Maui | The Herald

The Ritz-Carlton Kapalua on Maui has been sold to an affiliate of the same investment group that purchased the Grand Wailea resort earlier this year. Blackstone Real Estate Partners, an ... Click to Continue >>
Read by 47% of LPs October 19, 2018

Hunt Real Estate Capital Refinances A Manufactured Housing Community Located In Boulder, Colorado

Hunt Real Estate Capital Refinances a Manufactured Housing Community Located in Boulder, Colorado -- Total funding equals $39 million -- PR Newswire NEW YORK, Oct. 19, 2018 NEW YORK, Oct. 19, 2018 /PRNewswire/ -- Hunt Real Estate Capital, a leader in financing commercial real estate throughout the United States, announced today it provided a Fannie Mae conventional multifamily loan in the amount of $39 million to refinance a manufactured housing community located in Boulder, Colorado. The loan has a ten-year term with a thirty-year amortization period and 114 months yield maintenance.
Read by 72% of LPs October 19, 2018

Today's Top Cre Must Reads For October 19, 2018 | National Real Estate Investor

Amazon is revisiting some of the finalist cities for its second headquarters location, the Wall Street Journal reported. Forbes details where it is cheaper to rent than buy. These are among today's must reads from around the commercial real estate industry.
Read by 63% of LPs October 19, 2018

Commerz Real Buys Residential Complex In Berlin For Special Fund | News | Ipe Ra

The manager has acquired a student and apartment building from Ansorg Development. : Commerz Real's capital management business has bought a residential complex in Berlin for its open-ended special real estate fund The manager said, through a forward funding deal, it has acquired a student and apartment building in Berlin-Friedrichshain for Commerz Real Institutional Smart Living Europe Fund from Ansorg Development. Commerz Real has initially bought the plot of land with an obligation to build and then gradually pays for the real estate in line with construction progress. Financial details were undisclosed.
Read by 67% of LPs October 19, 2018

Muirfield Adds To Advisory Board

Boston-based Muirfield Investment Partners, a private equity real estate firm, has named Arthur Bavelas to its advisory board. Bavelas is the CEO of Bavelas Group. In 1998, he founded Family Office Insights to [...]
Read by 51% of LPs October 19, 2018

What Logistics Property Company Is Looking For In Logistics Sites. | National Real Estate Investor

Logistics Property Company plans to grow its portfolio to $5 billion in logistics assets under management over the next five years.
Read by 45% of LPs