Pacific Industrial has completed the largest non-portfolio industrial property disposition in California in the past 24 months with the sale of Sierra Pacific Center, a two-building, 1,495,208-square-foot, class A industrial facility in Fontana, Calif.
Demographic shifts in the United States over the next decade will nearly double the number of middle-income seniors ages 75 and over — more than 14 million people — lacking the financial resources to afford senior housing with supportive personal care services, a new study shows.
CIT Group and Square Mile Capital Management have originated a $63.9 million loan to finance the development of The Caldwell, a 259-unit, 180,000-square-foot high-rise rental residential project with ground-floor retail being developed in Lynn, Mass.
Law firm Paul Hastings has advised a joint venture between U.K.-based Benson Elliot and Walton Street Capital, in partnership with Schroders, on the corporate sale of the Sheraton Warsaw to Patron Capital.
Cushman & Wakefield has served as the exclusive adviser to Kylli in the procurement of $515 million in financing for Burlingame Point, a brand-new, state-of-the-art, 803,000-square-foot office campus in Burlingame, Calif.
Greystar Real Estate Partners announced its selection by the University of California Hastings College of the Law as the master developer for campus housing, academic and mixed-use developments for its campus in San Francisco.
Madison Realty Capital (MRC) has closed a $27 million first mortgage loan for the development of a 68-unit mixed-use residential building located at 93 Linden Street and the rehabilitation of an adjacent two-story community facility at 395 Evergreen Avenue in the Bushwick neighborhood of Brooklyn, N.Y.