Regions
$708M Investment Bring British Land Majority of Paddington Central
European real estate investment trust British Land has announced investing approximately $708 million (£470 million) to buy into Paddington Central, an office-anchored 1.2 million square-foot mixed-use development in London’s West End.
Starwood Hotels & Resorts Expands Turkish Portfolio with Addition of Two New Properties in Bursa
Starwood Hotels & Resorts Worldwide Inc. has recently announced the expansion of their presence in Turkey with the opening of two new properties: Sheraton Bursa Hotel and Aloft Bursa Hotel.
JV Acquires Suburban Portland Apartments
A joint venture of New York-based Real Estate Capital Partners (RECAP) and the locally based Holland Partners has acquired a Vancouver, Wash., apartment community, Arnada Pointe.
Resmark Apartment Living Acquires Site for 208-Unit Community
Resmark Apartment Living, a division of The Resmark Companies, announced that it has completed the acquisition of an approximately 1.2 acre site in Redmond, Wash., its fifth investment in the area in the last 14 months.
TODAY’S DEALS: Vitus Group Buys NorCal Affordable Asset
An affordable asset will get an update thanks to Vitus Group; Resource Real Estate Opportunity REIT acquires a 192-unit community in Winter Park, Fla.; and NorthMarq Capital arranges a $32.963 million Freddie Mac mortgage with interest only.
SARES•REGIS Group Acquires 192-Unit Calif. Community
SARES•REGIS Group, which launched its multifamily fund back in March, acquired its first apartment community, Avalon at Civic Center, a 192-unit community in Norwalk, Calif., which it purchased from Avalon Bay.
Fannie Mae Maintains a Steady Pace of Multifamily Issuance in the Second Quarter
Fannie Mae announced that the company issued approximately $7.6 billion of multifamily MBS in the second quarter of 2013, backed by new multifamily loans delivered by its lenders.
Firm Capital Property Trust Acquires Stake in Montreal Industrial Portfolio
Firm Capital Property Trust recently announced that it is in contract for the purchase of a 50 percent participation in a portfolio deal.
Hendricks-Berkadia Adds VP Wade Schmitz to New Houston Office
Hendricks-Berkadia, the investment sales business unit of Berkadia Commercial Mortgage LLC (Berkadia), recently announced the hiring of Wade Schmitz as a vice president with the firm.
Hines CalPERS Russia Long Term Hold Fund Acquires Stake in Moscow’s Metropolis Mall
A real estate fund managed by Morgan Stanley Real Estate Investing (MSREI) has announced the sale of a stake in the Metropolis Shopping and Entertainment Mall in Moscow to the Hines CalPERS Russia Long Term Hold Fund (HCRLTH).