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Investors bought a string of Houston office properties with widely varying occupancy levels, including the two-building Park Towers campus in the Galleria area. Houston-based Interra Capital Group bought the 90% occupied, 552K SF campus from Regent Properties, according to a JLL press release, which brokered all three sales. Courtesy of JLL Park Towers Online auctions…
CedarSt Companies has secured $80 million in construction financing for a 197-unit apartment development in San Diego’s North Park neighborhood. CrossHarbor Capital Partners provided the three-year, floating-rate stretch-senior loan for the Samuel, an eight-story Class A project planned for 2821 Adams Avenue. SEE ALSO: Terra Nabs $245M Permanent Loan for 47-acre Project in Miami-Dade JLL…
As private markets gain traction in defined contribution plans, WTW Investments is betting that professionally managed portfolios that maintain conservative allocations and daily liquidity will make the asset class more appealing to investors and advisors. Processing Content “You can’t just offer private markets in a 401(k) portfolio and expect the average participant to know how…
Inflation spreading beyond energy Fed Chairman Kevin Warsh’s address at last month’s Kansas City Fed symposium in Jackson Hole, Wyoming was a decisive turning point in market expectations, with hike probabilities roughly doubling in the days that followed his keynote remarks. On inflation, his tone was unambiguous. “While this summer’s readings were better than expected,…
Australian carrier Qantas’ full-year profit falls 14%
USA Properties Fund and Irvine Co. began construction on Terracina at Tustin Legacy, a 338-unit affordable apartment complex in a 1,600-acre master-planned development transforming a former Marine Corps Air Station in Tustin. Photo credit: Courtesy of USA Properties Rendering of Terracina at Tustin Legacy The Terracina at Tustin will feature one- to three-bedroom apartments as…