Pacific Oak Capital Advisors and Defer Gain, an Arizona-based real estate development company specializing in opportunity zone investments, have signed a joint venture arrangement to develop, finance and operate multifamily, commercial and industrial income-producing properties in Arizona opportunity zones.
HN Capital Partners has entered into a joint venture with industry veteran James Glasgow Jr., a former partner at Five Mile Capital Partners, and a key team of professionals that were previously principals at Five Mile Capital with Glasgow.
Stockbridge Capital Group has acquired from Westcore Properties a portfolio of 26 institutional-quality logistics and e-commerce properties spanning nine U.S. markets, with a heavy focus on the high-growth West Coast.
MCA Realty has acquired Equus Business Center, a 357,608-square-foot multitenant industrial property in Las Vegas, in an off-market transaction for $42 million. MCA Realty plans to rebrand the property as Central Seven Commerce Center.
Dermody Properties, a national real estate investment, development and management company specializing in acquisitions and development of logistics properties, has hired Matthew Mexia as partner, Southern California, to manage properties in the southern part of the state.
Core Spaces has formed a partnership with affiliates of the Merchant Banking Division of Goldman Sachs (NYSE: GS) to recapitalize and develop a portfolio of nine assets, valued at more than $600 million.
Trinity Merger Corp. and the Broadmark real estate lending companies and management companies — specialty commercial real estate finance companies providing construction, land and development financing for commercial and residential properties — have entered into a definitive merger agreement for a business combination transaction to create an internally-managed mortgage REIT with an expected equity value of $1.5 billion.