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HOUSTON—Ranch at City Park, a 270-unit, class-A multifamily community has been sold to a Chicago-based private equity group, which purchased the asset from seller, Gaia Real Estate.
AUSTIN, TX—Looking ahead, strong market fundamentals continue to support additional speculative development, with Austin's positive performance and long-term economic outlook keeping investors interested in industrial assets.
DALLAS—A proposed office building is a key element in the plan for West Love, the $200 million mixed-use project located on 37 acres on Mockingbird Lane.
SAN DIEGO—A $53 million loan from PCCP will allow recapitalization for 24 story 600 B Street which recently inked a 600,000 square foot lease with the San Diego Union Tribune.
LOS ANGELES—Although competition is tight and there are some risky deals springing up, Max Sharkansky of Trion Properties says the multifamily market will continue to have strong fundamentals for the next five to six years in this EXCLUSIVE interview.
LOS ANGELES—Luxury developments, like K2LA, are answering pent up demand for luxury housing in the Koreatown market, which Steve Fifield of Century West Partners says is now a preferred submarket in this EXCLUSIVE interview.
NEW YORK CITY—TPG has provided Savanna with $45 million in acquisition financing for its recent purchase of 1825 Park Ave., Globest.com has learned exclusively.
WASHINGTON, DC—Listed REITs continue to benefit from “solid fundamentals, including continuing demand for commercial real estate space and limited supply in most market segments,” says NAREIT's Steven A. Wechsler.