Private Equity
Regent's Crescent, a 76-unit residential project in Marylebone, London, received 350 million pounds ($449.2 million) of financing for its reconstruction. Financing included 250 million pounds of senior debt provided by a consortium of five lenders based in the U.K. and the Middle East. An additional 100 million pound mezzanine funding was provided by various U.S. and Middle Eastern lenders. The financing was structured as Sharia compliant. HFF Real Estate represented the borrowers.
3 min read · 23 November 2018
Kennedy Wilson, a real estate investment firm, has acquired Boise, Idaho-based Cottonwoods Apartments, a 188-unit apartment community. The price of the acquisition was $24 million.
3 min read · 21 November 2018
FCP, a real estate investment firm, has named Liz Koteles as vice president for commercial investments. Previously, Koteles worked at JLL where she served as vice president of leasing.
2 min read · 19 November 2018
Thorofare Capital has provided a $35.8 million loan to Brookwood Heritage Square LLC. The financing will be used to refinance a Dallas-based office complex.
2 min read · 19 November 2018
Starwood Capital Group's Fondo Monterosa has acquired a Milan-based office building. No financial terms were disclosed. Knight Frank Italia advised Starwood on the transaction.
2 min read · 19 November 2018
Catamount Capital has sold its stake in Carbon Cliff, Illinois-based Old Orchard Estates Apartments, a multifamily property. No financial terms were disclosed. The buyer was not specified.
2 min read · 15 November 2018
Denver-based JCR Capital, an alternative real estate investment manager, has closed its fourth fund at $306 million, beating its $130 million target. JCR Capital Income Plus Fund IV, L.P. will focus on middle-market properties in the multifamily, industrial, office and select retail sectors. Perth Advisors was the placement agent.
2 min read · 14 November 2018
Arcapita and Weston have acquired a seven-property industrial real estate portfolio in Cleveland, Ohio. No financial terms were disclosed.
2 min read · 13 November 2018
Keith Hall and Peter McMillan III have formed Pacific Oak Companies, comprised of Pacific Oak Capital Advisors LLC, Pacific Oak Capital Markets Group LLC and Pacific Oak Holdings LLC. Pacific Oak will create, advise and distribute commercial real estate investment opportunities to individual investors via investment advisers. Hall and McMillan were two of the co-founders of KBS Capital Advisors.
4 min read · 13 November 2018
MCR and Building and Land Technology have secured $647.5 million in financing for 53 hotels. Bank of America led the financing which also included Wells Fargo. Of the hotel portfolio, 33 carry Marriott brands while 20 properties operate under Hilton brands.
2 min read · 13 November 2018
