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jdsupra.com February 20, 2018

Michigan To Enact The Uniform Commercial Real Estate Receivership Act | Miller Canfield

A commercial real estate receiver’s powers will be clarified when Michigan’s Uniform Commercial Real Estate Receivership Act (the “Act”) becomes effective in May. The legislation, signed by Gov. Rick Snyder on Feb. 6, 2018, effects many sweeping...By: Miller Canfield.
Read by 65% of LPs

reviewjournal.com 2 hours, 33 minutes ago

Henderson Medical Office Building Sells For $32m - Las Vegas Review

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.
Read by 38% of LPs

pehub.com 3 hours, 3 minutes ago

Kingbird Properties Hires Acquisitions Director

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 [...]
Read by 59% of LPs

realassets.ipe.com 7 hours, 3 minutes ago

Invesco Real Estate Acquires Retail Asset In Sweden From Grosvenor | News | Ipe Ra

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.
Read by 74% of LPs

gulfnews.com 12 hours, 33 minutes ago

Avoiding The Pitfalls Of A Property Investment

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.
Read by 77% of LPs

mingtiandi.com 13 hours, 23 minutes ago

Pgim Real Estate's Asia Deals Doubled To $2b In 2017

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.
Read by 51% of LPs

realty.economictimes.indiatimes.com 13 hours, 33 minutes ago

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.
Read by 46% of LPs

vcaonline.com 22 hours, 33 minutes ago

Ai Technology Leader, Sparkcognition, Announces Official Close Of $56.5m Series B Funding

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.
Read by 78% of LPs

costar.com February 20, 2018

Bentall Kennedy Sells 17-bldg Pht Medical Office Portfolio - Costar Group

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...
Read by 54% of LPs

chicagobusiness.com February 20, 2018

Blackstone Flips Deerfield Office Building For $47m - News - Crain's Chicago Business

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.
Read by 46% of LPs