Private Equity
Paramount Group Inc has agreed to acquire San Francisco-based 55 Second District, an office building, for about $408 million. The deal is expected to close in the third quarter of this year.
2 min read · 26 June 2019
WRM Group bought 33.175 percent of the Badrutt’s Palace Hotel AG. Financial terms weren’t announced. Badrutt owns the Palace Hotel in St. Moritz and the Chesa Veglia restaurant.
2 min read · 25 June 2019
Lone Star Funds has closed its sixth real estate fund at about $4.7 billion. Lone Star's limited partners include pension funds and sovereign wealth funds, as well as foundations and endowments that support medical research, higher education and other philanthropic causes.
2 min read · 24 June 2019
Starwood Capital has agreed to acquire and develop a multifamily project in East Austin, Texas. No financial terms were disclosed. Starwood is planning on completing the opportunity zone development project by spring 2020.
3 min read · 24 June 2019
US Capital Global has acquired San Francisco-based Grobecker Holland International, a real estate firm and an online brokerage. No financial terms were disclosed.
3 min read · 24 June 2019
Eastdil Secured LLC, a private real estate investment banking firm, has named Will Silverman and Matt McCoy as managing directors. Silverman's work background includes a tenure at Hodges Ward Elliott while McCoy is the former president of the Stonemont Income Fund at Stonemont Financial Group.
3 min read · 24 June 2019
Next Tier Connect, an investment partnership between Next Tier HD and RedBird Capital Partners, have acquired a mixed-use campus in Monroeville, Pennsylvania. No financial terms were disclosed. The campus was the former headquarters for the Westinghouse Nuclear.
3 min read · 20 June 2019
Prudent Growth Partners has acquired Jacksonville, North Carolina-based Lauradale Apartments, a 155-unit apartment community. The purchase price is $7 million.
2 min read · 20 June 2019
Argosy Real Estate Partners has named Ines Leung as head of investor relations. Leung is a former director of investor relations at GE Capital Real Estate.
2 min read · 19 June 2019
Accordia Partners and Ares Management have acquired 2 Morrissey Boulevard in Boston from Beacon Capital Partners. No financial terms were disclosed. The property includes five buildings.
2 min read · 17 June 2019
