Capital Markets

CT Realty recently sold the newly built 1.12 million-square-foot industrial building, NorCal Logistics Center, to Bentall Kennedy (US) Limited Partnership on behalf of its US core fund for $105.3 million.

TSG Group, a boutique, real estate development and investment company, and Linéaire Group, a Miami-based investment and design firm, acquired the 30,000-square-foot land parcel at 1765 North Miami Ave. for $5.9 million.

The joint venture is acquiring a class-A trophy property in Philadelphia's central business district that is one of the city's most iconic office developments.

“Grand Oak Business Park is the premier office park in the Southeast submarket,” says JLL's Adam Schwartz.

It is easy to skip critical steps during an economic growth period, but completing a structured workout is essential in good times and bad.

At least now, someone seems happy, although the current ownership resulted from the default of a prior owner's loan and a bankruptcy auction.

LoreCore Capital and KSL Capital Partners provided the loan for the recently constructed, 35-story hotel.

The former Berkadia CEO has been the GSE's interim CEO since October 2018 and on its Board since 2016.