New CRE Investment Capital Shrinks

Companies and funds reported raising $ 33.18 billion from investors in the second quarter of for commercial real estate-related deals and refinancings, a 25% drop from the first quarter when $ 44.88 billion was raised. The second quarter amount was a 9% drop from a year ago. CoStar Gr
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Breakers Capital Pays $18.5M for Office Bldg

Miami-based Breakers Capital Partners acquired 1700 Palm Beach Lakes Blvd. for just less than $ 18.5 million or about $ 162 per-square-foot. CBRE arranged the sale of the property. The 11-story Class A office building was constructed in 1988. It totals 113,953-square-feet and is locat
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JLL Expands Its Capital Markets Research Platform

JLL’s hiring of Marisha Clinton leads the week’s roundup of names in the news. National Real Estate Investor
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Beacon Capital, L&L Holding Co. Close on $230M Acquisition of 222 Broadway

A joint venture of Beacon Capital Partners LLC and L&L Holding Company LLC has acquired Bank of America’s office tower at 222 Broadway in New York City for $ 230 million, or about $ 304 per square foot. The 27-story, 756,138-square-foot, class A office building is located b
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Cohen Real Estate Capital Arranges $73M Acquisition Loan for Puerto Rico Shopping Center

Todd F. Cohen of Cohen Real Estate Capital LLC in downtown Orlando secured a $ 73 million acquisition loan to finance a 550,000-square-foot, grocery-anchored shopping center portfolio in Puerto Rico. Total debt came in at 90% of the purchase price at closing, including both a senior C
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CBRE Capital Markets Arranges $36.6M Refi for Miami Multifamily

Fairway View Associates LTD and Palmetto Place Associates LTD secured a $ 36.6 million refinance loan for its Fairway View and Palmetto Place multifamily communities in Miami, Florida. The loan, from Principal Real Estate Investors LLC, boasts a favorable interest rate with 50% loan-t
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Navigating the Capital Stack

National Real Estate Investor
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Versus Capital Opening Restricted Institutional CRE Funds to Little Guys

Versus Capital Advisors LLC launched a mutual fund providing access to the direct real estate asset class. The fund is designed to make institutional commercial real estate funds controlled by the likes of AEW, JPMorgan, Heitman, Invesco, UBS and others accessible to more than just th
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