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Mesirow Pays $132M for Midtown Atlanta Apartment Community
A real estate fund run by Mesirow acquired the Sixty 11th Apartments for $132 million. The Atlanta Business Chronicle reports the seller was 60 11th Street LLC. It purchased the 1.25-acre site in care of Daniel Realty Co. LLC, an affiliate of Daniel Corp., in 2014. The tower was a joint venture between Daniel Corp., Selig Enterprises and…
I Moved Abroad 10 Years Ago. I Feel Like an Outsider in the US.
This September marks 10 years since my father died, and I left not only Florida, but the United States. Leaving the country was difficult, but now I’m working through a new type of grief: losing my connection with the US. My relationships with my friends, family, and hometown have changed — but so has my…
OPI Sells Vacant Philly Office Building For $42M
A publicly traded REIT offloaded an office property near the Philadelphia International Airport, and the buyer appears to be the city. Photo credit: Google Maps The now-vacant office building at 8800 Tinicum Blvd., photographed in 2017 Office Properties Income Trust revealed in its second-quarter earnings report that it sold its only Philadelphia property, a vacant…
Rocket Cos. records most profitable quarter in four years
As measured across all channels, Rocket Cos. regained the No. 1 spot among mortgage originators, with profits up strongly year-over-year in the second quarter. Processing Content In one of the toughest spring housing markets because of diminished affordability and rising rates, Rocket thrived, gaining market share in both purchase and refinance, Varun Krishna, CEO, said…
FIRST DRAFT LIVE: ‘Not Happy, But Comfortable’: CREFC President On CRE Finding A New Normal
Bisnow’s First Draft Live is a regular series featuring live conversations about the critical stories impacting CRE right now. It is a companion to The First Draft, Bisnow’s daily, flagship CRE newsletter. Register here to get The First Draft in your inbox. Subscribe to First Draft Live on Apple and Spotify, or scroll down to…
Robinhood Ventures Fund II: Y Combinator To The Masses
Robinhood Ventures Fund II: Y Combinator To The Masses