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GREENWICH, CT—Starwood Distressed Opportunity Fund X will be evenly divided between US and Europe investments, according to <i>PERE</i>; it's targeting between $4 billion and $5 billion in fundraising.
MIAMI—“The seller purchased most of these properties as distressed opportunities after the last real estate crash,” says Franklin Street's Darron Kattan.
CHICAGO—The sale will include more than 90 properties from diverse sectors including industrial, retail, office, medical office, mixed-use, multi-family, single family and vacant land. Many are bank-owned and will be sold absolute.
NEW YORK CITY—Co-headed by Richard Mack and Peter Sotoloff, formerly of the Blackstone Group, Mack Real Estate Credit Strategies will focus on transitional and distressed assets.
NEW YORK CITY—Known as Mack Real Estate Credit Strategies, the platform will be managed by Richard Mack and former Blackstone executive Peter Sotoloff.
MINNEAPOLIS—This vibrant city's downtown has begun to attract thousands of new residents, and Opus has just finished the first luxury high-rise to be built these in decades.
PHILADELPHIA—Mayor Michael Nutter, speaking at a meeting of the International Association of Gaming Regulators on Tuesday, pressed the Pennsylvania Gaming Control Board to select the city's second casino licensee.
SADDLE BROOK, NJ—The former Holiday Inn hotel here that was to open soon as a Crowne Plaza, is being sold in connection with a $72.8-million lawsuit filed against the property owner, who also faces criminal fraud charges.