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LOS ANGELES—From Y2K to online shopping, past experience has taught lenders a thing or two about how to cope with potential adversity. Speakers at RealShare National Investment & Finance expounded on the subject.
CHICAGO—The LA-based firm has been quite active in Chicago in the past six months, providing Sterling Bay with $220 million to refinance its 1KFulton project, and $68 million in mortgage debt for Prudential and GlenStar in their acquisition of 311 Monroe.
TORONTO—Expected to close in the third quarter, the acquisition follows the deal announced two weeks ago for Bentall Kennedy, as the Canadian insurer beefs up its asset management platform.
DALLAS—On the heels of acquiring a 902,715-square-foot industrial portfolio in El Paso and Harlingen last week, Sealy & Co. has disposed of its Texas Industrial Portfolio, which consists of 19 institutional quality assets totaling 1.48 million square feet located in Dallas, Houston and San Antonio.
WORCESTER, MA—The 330-unit market rate Plantation Ridge apartment community nestled near a host of health care and biotech-related institutions and businesses here has been sold to an affiliate of Boston-based Audubon Capital Partners.
BOMA International's Annual Conference & Expo is commercial real estate's most important event of the year and is more than a collaborative meeting of the industry's best minds. It's an impressive display of innovation, creativity and best practices—a critical, career-advancing opportunity for property professionals who are serious about crafting their success in the ever-changing, high-stakes business of office, industrial and mixed-use property management.
PHILADELPHIA, PA—Maryland-based Greene Turtle Sports Bar & Grille chain will be scoring in eastern Pennsylvania with a planned 10-unit buildout in 2016.