Minsheng launches investment fund by Andrea Zander | Oct 2, 2018 China Minsheng Investment Group (CMIG) has launched a 10 billion yuan ($1.46 billion) fund, which will invest in manufacturing and food processing facilities, cold-chain logistics and e-commerce in remote rural areas.
RealFoundations completes post-merger technology overhaul for MAA by Andrea Zander | Oct 2, 2018 RealFoundations has completed a comprehensive, 18-month technology transformation project for Mid-America Apartments (MAA) following its 2016 merger with Post Properties.
BrickVest launches BrickVest Select by Released | Sep 28, 2018 BrickVest, a London-based online real estate investment platform, has launched BrickVest Select, a new service that provides ultra-high-net-worth investors, family offices and institutional investors exclusive access to real estate club deals of between £5 million and £300 million ($7 million and $390 million), alongside leading real estate investment managers.
Xenia Hotels & Resorts acquires Fairmont Pittsburgh for $30m by Jody Barhanovich | Sep 27, 2018 Xenia Hotels & Resorts has acquired Fairmont Pittsburgh, a 185-room luxury hotel located in Pittsburgh for $30 million, or approximately $162,000 per key.
Vornado Realty Trust to buy Marriott Marquis retail for $442m by Andrea Zander | Sep 25, 2018 Vornado Realty Trust has acquired the retail and commercial condominium portion of the New York Marriott Marquis for $442 million from Host Hotel & Resorts.
John Blumberg passes away by Andrea Zander | Sep 25, 2018 John Blumberg, co-founder of Black Creek Group, a real estate investment management firm and sponsor of nontraded direct investment programs, has passed away.
Ex-Goldman Sachs Advisor launches firm by Andrea Zander | Sep 24, 2018 Gary Hirschberg has partnered with Dynasty Financial Partners to form an independent wealth management firm called Aaron Wealth Advisors.
Sears CEO’s hedge fund proposes retailer to restructure debt, sell off assets by Andrea Zander | Sep 24, 2018 Eddie Lampert, CEO of Sears Holdings, proposes to restructure the struggling retail chain’s debt to avoid bankruptcy.
Pivot Investment partners with Alexandria Capital by Released | Sep 24, 2018 Pivot Investment Partners has partnered with Alexandria Capital to provide its family office and high-net-worth clients with access to early growth equity investments in transformative financial technology (FinTech) and financial services companies.
FirethornTrust to invest £200m in U.K. real estate by Andrea Zander | Sep 20, 2018 FirethornTrust, formed by ex-Tristan Capital duo Peter Mather and Chris Webb, has secured an exclusive mandate from two U.S. family offices to invest in U.K. real estate.
Carter Validus Mission Critical REIT I announces new officers by Released | Sep 19, 2018 Carter Validus Mission Critical REIT II has announced that Lisa Drummond has retired as COO and secretary of the company, effective Sept. 13, 2018.
Four Springs TEN31 Xchange closes $33m in 1031 Exchange Properties by Released | Sep 19, 2018 Four Springs TEN31 Xchange has fully subscribed 1031 exchange offerings in FSC Healthcare III, DST and FSC Healthcare IV, DST — two medical office properties leased to BioLife Plasma Services and University of Iowa, respectively. The properties were valued at $32.6 million.
Wentworth appoints Michael Breath as CFO by Released | Sep 19, 2018 Wentworth Management Services has appointed Michael Breath as CFO.
Healthy economic momentum and elevated consumer confidence boost travel expectations for 2018 by Andrea Zander | Sep 19, 2018 Rising travel predictions favor hotel sector, according to Marcus & Millichap’s third quarter 2018 report.
Black Creek to more than double Northern California footprint by Andrea Zander | Sep 18, 2018 Black Creek Group has plans to more than double the company’s Northern California holdings which as of June 30, 2018 totals approximately 3.3 million square feet.
