CRE loan selloffs will occur, but will not be drastic, says Citymark’s Daniel Walsh by Lewis Dayton | Aug 31, 2023 The coming months will see refinancing stress in the loan market, but not to an overwhelming degree, according to Daniel Walsh, CEO of Citymark Capital, an Ohio-based apartment investor.
Sempra Infrastructure, Japanese consortium to develop carbon-neutral gas production and LNG supply chain by Released | Aug 30, 2023 Sempra Infrastructure, a subsidiary of Sempra, has formed an agreement with a consortium comprised of Tokyo Gas Company, Osaka Gas Company, Toho Gas Company and Mitsubishi Corporation to participate in the evaluation of a proposed project to produce e-natural gas, a form of carbon recycling, in the U.S. Gulf Coast.
CI Global Asset Management adds two private markets solutions by Released | Aug 30, 2023 CI Global Asset Management has announced two solutions that provide Canadian investors with access to global private markets.
First National Realty Partners adds Gabe’s to shopping-center portfolio by Released | Aug 30, 2023 First National Realty Partners (FNRP) has completed a 76,000-square-foot lease with Gabe’s at Mark Twain Village in St. Charles, Mo.
Smaller investment sales declined 29% at midyear, but outpace institutional sales by Released | Aug 30, 2023 Deals for properties valued at $5 million to $25 million declined 29 percent to approximately $38.9 billion from January through June.
Manhattan hotel sells for $623m by Andrea Zander | Aug 30, 2023 The $450 billion Qatar Investment Authority (QIA), a sovereign wealth fund, has purchased Manhattan’s Park Lane Hotel for an estimated price of $623 million.
Marquee Capital completes Fund II first close by Released | Aug 30, 2023 Marquee Capital has exceeded their fund launch goal of $30 million.
Vornado, HPP, Blackstone, NYC form PPP venture by Andrea Zander | Aug 30, 2023 Vornado Realty Trust, Hudson Pacific Properties (HPP), Blackstone, the City of New York, and New York City Economic Development Corporation (NYCEDC) have entered into Manhattan’s first public-private partnership venture to build a purpose-built studio campus at Pier 94.
4 Rivers Property Group, Declaration Partners, Big Cypress Capital form Southeast U.S. self-storage JV by Released | Aug 30, 2023 4 Rivers Property Group, Declaration Partners, and Big Cypress Capital have formed a joint venture to develop class A self-storage facilities in growth markets throughout the Southeastern United States.
PwC survey reveals business leaders are optimistic regarding economic environment, business risks by Released | Aug 29, 2023 Business leaders are increasingly optimistic about the economic and business environment and their companies’ ability to mitigate risk.