Spandrel Group has launched Spandrel Development Partners (SDP), an affiliated real estate development and investment company, which will specialize in multifamily condominiums and rental properties located in strategic metro areas nationally....More
Canyon Capital Realty Advisors and Citi have come together to starts a real estate fund that will focus on multifamily workforce housing in underserved communities throughout the United States. Over the next several years, the Canyon Multifamily Impact Fund will acquire and manage up to $800 million in apartment communities. Investments will be between $20 million and $90 million....More
Griffin Capital Corp. has purchased a 149,000-sq.-ft., class-A office building in Houston for $48.75 million. The property was acquired on behalf of the Griffin Capital Essential Asset REIT Inc....More
Cortland Partners continued its expansion in the multifamily sector by acquiring five communities totaling 2,237 apartment homes in a series of transactions with a total capital investment of $244 million....More
There has been $30.3 billion in new CMBS issuance to date in 2013, according to Commercial Mortgage Alert. That puts the industry on pace to smash last year’s volume of $48.4 billion and will make 2013 the busiest year for CMBS issuance since 2007. Where do you think total CMBS issuance volume will end up in 2013?