News/Events
Becknell Taps Industrial Veteran To Boost REIT's Selling Group
Becknell names Russ Greenwald to expand selling group, boosting industrial REIT growth.
Downtown D.C. Office Conversion Secures $176M Loan, New Majority Partner
One of Washington, D.C.’s largest office-to-residential redevelopments has secured a new majority partner and $175.6 million in construction financing. A partnership of Stonebridge, the Bernstein Companies and Criterion Real Estate Capital sold a 72 percent stake in the conversion of 1990 K Street NW to an entity managed by MetLife Investment Management for $58.7 million,…
Geoff Mason Promoted to U.S. Chief Operating Officer of Unibail-Rodamco-Westfield
Retail operator Unibail-Rodamco-Westfield (URW) has elevated a longtime executive to the role of chief operating officer for its U.S. business. URW promoted Geoff Mason from vice president of asset management and development to COO after a series of successful development launches in Chicago, New Jersey and Southern California, according to the mall giant. Mason will…
Sagehall Picks Up Chetrit Organization’s 428 Broadway for $47M
An entity linked to New York City-based private real estate investment firm Sagehall has purchased Chetrit Organization’s office building at 428 Broadway for $47 million, according to city records filed Thursday. Jason Levine, managing director at Sagehall, signed for the buyer entity, 428 Broadway Owner. The seller entities are a partnership between the Chetrit Organization,…
Rockpoint Buys Oceanfront Fort Lauderdale Hotel for $47M
Rockpoint and Newbond Holdings have paid $47.1 million for an oceanfront resort in Fort Lauderdale, Fla., property records show. Called Hotel Maren Fort Lauderdale Beach, the property features 141 rooms at 525 South Fort Lauderdale Beach Boulevard, adjacent to Seebreeze Boulevard, south of Las Olas Boulevard. Magna Hospitality Group sold the 245,081-square-foot hotel, which is…
Miami-Area Warehouse Sells for $21M
Terreno Realty has sold a 113,000-square-foot industrial property west of Miami International Airport for $21.3 million, according to a deed made public this week. An affiliate of Dallas-based Dalfen Industrial, owner of a number of warehouses in South Florida, acquired the 3.4-acre industrial property at 7600 Northwest 26th Street, records show. The previous sale price…
Dwight Investment Management Supplies $115M Refi on Charlotte Apartments
Dwight Investment Management, an affiliate of Dwight Capital, closed the loan for the Seventeen Hundred on East property that opened in January with 295 luxury apartments and 6,500 square feet of retail space. Loan proceeds were used to retire existing construction debt, fund an interest reserve and provide cash-out proceeds, according to Dwight. Josh Hoffman,…
Miami Is 'Desperate' For A New Office Tower. It's About To Get 2
There will be multiple new Brickell towers going up for the first time in more than 15 years.
What New York Can Learn From California's Push To Cut Environmental Red Tape
Explore how New York's environmental reviews are evolving, on the heels of California's reforms, to address the housing crisis.
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