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CIM Group Combines With Nontraded REIT, Explores Public OfferingCIM Group, a Los Angeles-based real estate firm with $32B in owned and managed assets, combined with its public nontraded REIT and said in public filings this month that it would consider a debut on a major stock exchange.
CREFC’s Lisa Pendergast Sees Industry Moving into “Constructive Period” (VIDEO)At the CREFC Annual Conference held earlier this month, CEO Lisa Pendergast summed up the current state of commercial real estate finance in an interview with Connect CRE.
Private Equity Firm Signs Full-Floor Lease at Marx Realty’s 545 MadisonNiobrara Capital, a private equity firm focused on investing in technology and technology-enabled services businesses, has signed an 11,000-square-foot lease for the entire ninth floor at Marx Realty’s 545 Madison, located in Midtown Manhattan’s Plaza District.
LA Condo Property Sells to Its Original DeveloperMarcus & Millichap closed the sale of 11925 Kling St., a 48-condominium property in the Valley Village neighborhood of Los Angeles. The condominiums sold for an average price of $331,250 each.
Crown Heights Office/Flex Property Garners Bridge Loan for RefiArrow Real Estate Advisors arranged a $22,000,000 bridge refinance for 1000 Dean St., a creative office and flex property located in Brooklyn’s Crown Heights/Prospect Heights submarket.
Citigroup Refis East Village Apartment Building With $45M CMBS LoanBenchmark Real Estate Group has sealed $44.5 million of commercial mortgage-backed securities (CMBS) debt to refinance a multifamily property in Manhattan’s East Village, Commercial Observer has learned.
Mogharebi Group Forges Partnership with Grandbridge Real Estate CapitalThe Mogharebi Group (TMG) has formed an exclusive partnership with Grandbridge Real Estate Capital LLC, a subsidiary of Truist Bank. The partnership provides TMG clients with direct access to a lending partner.
Bonaventure Raises $54M for Two Virginia Multifamily PropertiesA multifamily investment firm has closed two financing vehicles that combine for $54.2 million for two Class A apartment developments in Virginia.
HSF Kramer’s Seth Niedermayer On Architecting Private Equity’s Real Estate RiseHSF Kramer’s Seth Niedermayer has a front row seat to the rewiring of U.S. real estate investment. The law partner currently has 17 deals on his plate, the majority of which have private equity in the driver’s seat.
Essex Realty Group Lists Uptown Multifamily Property for $9MEssex Realty Group has been exclusively engaged to market for sale 5022–5030 N. Winthrop Avenue, a 32-unit renovated courtyard-style apartment building located in Chicago’s Uptown neighborhood.
IRG, PREP Funds to Redevelop Ohio Industrial SiteIndustrial Realty Group (IRG) and PREP Funds announced the recent acquisition of 5870 Poe Ave in Dayton, Ohio.
AutoCanada Sells Lincolnwood Toyota DealershipAutoCanada Inc. has completed the sale of Toyota of Lincolnwood in Lincolnwood, Illinois, for approximately $40.1 million in cash, excluding inventory and net working capital. The dealership was part of the company’s U.S.
Horizon Storage Acquires Jefferson Valley FacilityJLL Capital Markets arranged the sale and facilitated the financing for Jefferson Valley Self Storage, a 405-unit self-storage facility in Jefferson Valley, NY. The firm’s Self-Storage Capital Markets team marketed the property on behalf of the seller, Columbia Pacific Advisors.
Chesapeake Fire Protection Signs Lease with St. John Properties to Relocate, Expand VA OfficeChesapeake Fire Protection, a division of Georgia-based Century Fire Protection, has signed a lease with St. John Properties, Inc. at Ashburn Crossing to relocate and expand its Virginia regional office to the 80-acre business community.
Historic Queens Bowling Alley Trades for $45M to Multifamily JVThe operators of the Whitestone Lanes bowling alley in Flushing, Queens, have gotten the ball rolling on a major multifamily redevelopment.
Waterton Buys South Florida Rental for $81MChicago-based investor Waterton has paid $80.5 million for a multifamily asset in Pembroke Pines, Fla., the buyer announced.
Representative imageSupreme Court Rules Trump Cannot Remove Lisa Cook From Fed — For NowPresident Donald Trump’s attempt to reshape the Federal Reserve toward a dovish ideology that will lower interest rates was dealt a near-term blow by the nation’s highest court. The U.S.
Work Underway on Massive SLC-Area Mixed-Use ProjectThe Point Partners (TPP), a private development team led by Lincoln Property Company, Colmena Group and Wadsworth Development Group, broke ground on The Point’s first vertical development project, marking the start of the 104-acre downtown district in Draper.
Sioni Group Acquires 38 West 21st Street in Flatiron District for $31MNew York City-based real estate investment and development firm Sioni Group has acquired a 12-story office building in Manhattan’s Flatiron District for $31 million, according to city records.
Private Equity Firm Niobrara Capital Takes 11K SF at Marx Realty’s 545 Madison AvenueNiobrara Capital, a private equity firm focused on tech companies across the U.S. and Europe, has signed an 11,000-square-foot lease on the entire ninth floor of Marx Realty’s 545 Madison Avenue, also known as the Baccarat Building. The length of the lease was not disclosed.