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The transaction was structured as a “DownREIT partnership” in which the seller received a combination of cash and operating partnership units in a new entity formed to purchase the property.
The Federal Housing Finance Agency recognizes the important role that safe and quality manufactured housing plays in the industry and has included loans for this product type under the duty to serve goals.
A significant portion of office development is actually redevelopment of historic L.A. buildings, and these projects are saying a lot about what tenants today want.
Non-traded REITS, DSTs and JVs held in portfolio by institutional investors are illiquid once owned. SPM will solve this problem by creating a web-based Nano exchange platform to offer and trade these assets, Jon Haahr tells GlobeSt.com.
Barry Gosin, CEO of Newmark Knight Frank, says the acquisition of Berkeley Point Finance by parent company BGC Partners “will increase the scale and scope of NKF, and it will increase the scale and scope of Berkeley Point.”
The commercial-construction industry is vulnerable to cyberattacks for many typical reasons, but also for some unique, specific risks associated with the nature of construction, Newmeyer & Dillion's Jeff Dennis tells GlobeSt.com.
Grandscape will be a community containing all the elements of a city: residential, parks, indoor and outdoor entertainment, water features, shopping, dining and working, all in an immersive environment.