SAN JOSE, CA—Zurich Alternative Asset ManagementLLC, the alternative investment advisor to Zurich NorthAmerica and its affiliates, responsible for the group's hedge fund,private equity and US real estate investments, has purchase anasset here for $86.7 million. The sale of the property, 121 Tasman,a 174-unit, market rate transit-oriented apartment communitylocated in the “Golden Triangle” area of Silicon Valley, equated to$498,000 per unit.
Institutional Property Advisors, a division ofMarcus & Millichap, executive vice presidentStanford Jones and IPA first vice presidentsPhilip Saglimbeni and SalvatoreSaglimbeni advised the seller, a joint venture betweendeveloper LCOR Ventures LLC and CignaRealty Investors.
Dating back to 1997, Zurich, advised by ZAAM and predecessorentities, acquired over $2 billion of assets directly with a focuson high quality commercial properties with high gradetenancy. ZAAM currently manages approximately $2.5 billion ofcommercial real estate exposure in the United States for itsvarious affiliated balance sheets. The ZAAM team representing thebuyer was led by managing director Sean Bannon anddirector Chris Edgar.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
