California and Texas investors teamed up to buy a once-foreclosed medical building in Henderson. : Cypress West Partners announced Wednesday that it partnered with Virtus Real Estate Capital to acquire Parkway Medical Plaza, 100 N. Green Valley Parkway at the 215 Beltway. Cypress did not announce the purchase price, but property records show the buyers paid $31.75 million and that the sale closed Feb. 2. The building was constructed in 1997 and seized through foreclosure in 2011, county records show. Las Vegas-based Odyssey Real Estate Capital acquired it in 2013 and sold it this month.
Kingbird Properties, a real estate investment firm, has appointed Vincent DiSalvo as director of acquisitions. Prior to joining Kingbird, DiSalvo worked in the acquisitions group at GID Investment Advisers [...]
Invesco bought the asset through its local partner Scius for an undisclosed sum. : Invesco Real Estate has acquired a 10,000sqm retail asset in southern Sweden from Grosvenor Group for an undisclosed sum. Grosvenor Europe said it sold the property the asset in Helsingborg on behalf of a Grosvenor-managed fund. Carl Strufve, Grosvenor Europe's Nordics director, said: "This sale provided the opportunity to deliver very strong returns to our investment partners. There remain good fundamentals for growth in the Swedish retail market and Grosvenor continues to seek out investment opportunities here.
More than anything, commit to a waiting game when it comes to the selling. : Although any asset is an achievement in itself, success to most property investors is really determined by their ability to continue purchasing real estate.Unfortunately, so many UAE residents save for years to be able to afford an investment property, but often once they achieve this, their progress remains stagnant because they aren't sure of their next move.
PGIM Real Estate saw its volume of Asia Pacific transactions double in 2017, as the real estate investment affiliate of Prudential Financial focused on major markets in Japan, Singapore and Australia to generate over $2 billion in deals. The company... Read More>> This post PGIM Real Estate's Asia Deals Doubled to $2B in 2017 appeared first on Mingtiandi.
Indiabulls Real Estate: Blackstone To Buy 49% Of Indiabulls Office Rental Business For $650 Million, Real Estate News, Et Realestate
The transaction will include landmarks in Mumbai's Lower Parel such as One Indiabulls Centre and Indiabulls Finance Centre besides the One 09 building in Gurgaon and One Indiabulls Park in Chennai.
AI Technology Leader, SparkCognition, Announces Official Close of $56.5 Million Series B FundingThe fastest-growing company in Central Texas closes 2017 with the largest VC funding of any company in Austin AUSTIN, Texas, February 20, 2018-- SparkCognition, one of the world's fastest growing artificial intelligence (AI) companies, released its final Series B Funding numbers with an official close of $56.5 million in 2017. In June 2017, the company announced an initial Series B raise of $32.5 million, led by Verizon Ventures and key participation from The Boeing Company, through its Boeing HorizonX unit.
Princeton Medical Arts Pavillion in Plainsboro, NJ, one of 17 medical office buildings that were acquired by Heitman. Bentall Kennedy, a Sun Life Investment Management company that has about $37 billion of assets under management, sold its Partners Health Trust (PHT) medical office portfolio to Heitman, a global real estate investment management firm headquartered in Chicago, for an undisclosed price. This transaction, one of the largest medical...
The deal adds to a run of cash-outs in the suburban office market by the New York-based private-equity giant. : Blackstone Group flipped a Deerfield office building for $47 million as it continues to cash out of the suburban office market.The New York-based private-equity firm recently sold the 294,000-square-foot One Parkway North building to a venture led by Miami-based Horn Eichenwald Investments, property records show.The deal comes just 21/2 years after Blackstone acquired the five-story building along Interstate 94 as part of a $3.3 billion portfolio acquisition from GE Capital Real Estate in 2015.