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Physical, social and recreational enhancements will transform the community and preserve affordability of section 8 assisted living and affordable housing complex.
Brookfield also reports that it plans to undertake capital improvements at the iconic property that will include improvements to the lobby, a transformed public plaza and the addition of premier amenities.
Also, JLL reports that private capital captured a record 37.9% of the net-lease market in the first half of 2018, up by 9.4 percentage points since 2015.
The Pacific Oak Companies will work together to facilitate the acquisition, disposition and management of commercial real estate and commercial real estate related investment products.
The spinoff of commercial real estate services firm Newmark Group is expected to become effective on Nov. 30, BGC reports. The stock distribution will be to BGC stockholders of record as of the close of business on Nov. 23, 2018 (the record date).
The national portfolio owned by New York City-based MCR and BLT of Stamford, CT, encompasses 5,958-guestrooms at 53 Marriott and Hilton select service and extended stay hotels located in 15 states and 31 markets.