News/Events
Blackstone Looks To Secondary Market To Cash Out Investors In $11B Fund
Amid investor redemption pressures, Blackstone seeks a secondary sale of shares in an $11B real estate fund.
Ruben Cos. Says It Can't Sell, Finance Navy Yard Multifamily Project
The developer is asking D.C.’s Zoning Commission to extend its approval to build a 263-unit multifamily building just a block away from Nationals Park.
D.C. Court Tosses Lawsuit Over Proposed Rent-Freeze Ballot Initiative
Court ruling paves the way for the rent-freeze initiative to appear on a future ballot.
CalSTRS Plans $5B In New CRE Investments
CalSTRS' new commitments were announced alongside $584M in dispositions the pension fund made in the first half of the year.
Ares, Canadian Pension Investor Launch $2.4B U.S. Logistics JV
The JV launched with a 5.2M SF portfolio of 14 logistics properties across states including California, Texas and New Jersey.
Beer-Importing Holterbosch Family Offloads LIC Warehouse for $95M
The Holterbosch family, former owners of a German beer importing and distribution business, has sold a Long Island City, Queens, warehouse a decade after the death of its patriarch. Dallas-based Ground Lease REIT, an affiliate of commercial real estate private equity firm Montgomery Street Partners, bought the property at 10-01 45th Road on the Long…
Juanita’s Foods to Consolidate L.A. Production at 120K-SF Facility
An 80-year-old food manufacturer is consolidating its Southern California operations into a new 120,000-square-foot facility in Santa Fe Springs, in the first deal backed by a recently formed alliance of four Los Angeles County industrial cities. Juanita’s Foods will move production from its longtime Wilmington plant to 13100 Arctic Circle in Santa Fe Springs. The…
Knighthead Lends $63M or Doral, Fla. Industrial Portfolio Buy
Midtown Capital Partners has sealed $62.92 million of acquisition financing to fund its purchase of 13 urban-infill, small-bay industrial assets in Doral, Fla., Commercial Observer has learned. Knighthead Funding provided the loan for Midtown’s $86 million off-market acquisition of the 290,000-square-foot portfolio spanning 13.33 acres, according to the lender. Midtown purchased the properties from Wes…
Ares Management, PSP Investments Form $2.4B U.S. Logistics Partnership
Ares Management is diving deeper into the waters of U.S. logistics. The $670 billion private equity powerhouse announced Wednesday that it has formed a joint venture with Canada’s Public Sector Pension Investment Board (PSP Investments) to invest up to $2.4 billion into the development and acquisition of U.S. logistics facilities. Ares plans to combine its…
