News

Brad Lebovitz, managing director at Silverpeak, says the acquisitions introduce Silverpeak to edge markets where the firm sees limited supply.

“The property's attractive location in the Kinzie Industrial Corridor, on-premise parking and proximity to public transportation and nearby expressways were all factors in our decision to buy,” says Michael Schack, principal of Dayton Street Partners.

The Deutsche Finance America-Bilgili Holding and SHVO joint venture purchased the property in an all cash transaction in partnership with a number of Germany's largest institutions, including Bayerische Versorgungskammer—Germany's largest public pension fund manager.

Scott Martin's experience in the health care real estate niche will add depth to Avison Young's office leasing team and strengthen its multi-faceted service-line approach for clients, says the firm's David Fahey.

The second tranche of the purchase involves an unidentified property that is currently under construction. When the purchase of that property closes, the deal will bring the total five-property portfolio to change hands at 531 units and the total purchase price at $130 million.

Ron Parker, formerly the COO of Union Square Hospitality Group, joins Related to lead their continued expansion with restaurant brands.

The owner Ravi Patel refinanced the mortgage with a 10-year fixed-rate loan.

The group represents both landlords and tenants, expanding the team to 47 real estate attorneys in the firm's New York office.