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NEW YORK CITY—The majority of private equity real estate firms see greater competitive pressures for both investment opportunities and sources of capital, says Preqin.
SACRAMENTO—Morgan Stanley's Paul Mouchakkaa will join the nation's largest pension system next month, overseeing its $29.6-billion portfolio in real assets worldwide.
NEW YORK CITY—Existing tenants of the 471,000-square-foot building, at 866 United Nations Plaza, “intend to purchase their space,” Rudder Property Group principal Michael Rudder tells GlobeSt.com.
SAN FRANCISCO—Two multifamily property owners take advantage of the low interest rates and high demand for housing, and refinance for a total of $23.5 million.
CERRITOS, CA—Alere buys a 395,117-square-foot, seven-building industrial park from CBRE Global Investors for its prime submarket and 100% occupancy rating.
RALEIGH, NC—CBL & Associates Properties, Inc. revealed that the Chattanooga, TN-based retail owner has signed a contract to sell the majority interest in the Triangle Town Center and Triangle Town Place properties here for $181 million.
MIAMI—Locally-based Swire Properties Inc. reports it has appointed Gonzalo Cortabarría senior vice president. The former Hines Interest executive will oversee leasing and operations for the $1.05-billion Brickell City Centre mixed-use development.
LOS ANGELES—A private investor buys a McDonalds property from a partnership between Starpoint Commercial Properties & HRI Development at a historically low cap rate.