DRC Capital has clinched a €500m mandate to invest in European real estate senior debt, Real Estate Capital can reveal.
HIG Capital has appointed a new co-head of European real estate who will share the role with existing managing director Ahmed Hamdani.
The private equity investor has recruited Riccardo Dallolio to the position.
Strategic Hotels & Resorts acquired the 250-room Pacific Ocean-facing Montage Laguna Beach luxury resort in Laguna Beach, California from an affiliate of Ohana Real Estate Investors for $360m.
As part of the deal the firm assumed a $150m fixed-rate mortgage loan from Mass Mutual Life, priced at 3.9% and maturing in August 2021.
Bank of America Merill Lynch has priced its €286.4m Taurus 2015-1 IT CMBS, which is secured against Italian assets.
Natixus Real Estate Capital provided a $59.6m loan to Savanna for the acquisition of a new retail property in Manhattan’s Meatpacking District, according to city property records.
Savanna, a New York-based real estate private equity and asset management firm, paid $86m for the property at 461 West 14th Street, the records show.
MetLife, through MetLife Real Estate Investors, originated approximately $12.1bn globally in commercial real estate loans in 2014, topping 2013’s $11.5bn and setting a company record. Of the $12.1bn total, $8.6bn were US loans, the firm told Real Estate Capital. As it expanded its international efforts, MetLife also originated more than $2.1bn in the United Kingdom; […]
The Blackstone Group is on the cusp of breaking a fundraising record with its latest real estate opportunity vehicle, Blackstone Real Estate Partners (BREP) VIII, Real Estate Capital’s sister magazine PERE can reveal.
MetLife provided a $267m loan to Mirae Asset Global Investments for the acquisition of 1801 K Street in the nation’s capital, Washington, D.C.
1801The five-year, fixed-rate loan represents 60 percent of the $445m the South Korea-based investor paid for the 13-story office property.
The seller, Somerset Partners, and architect Skidmore, Owings and Merrill completed a redesign and redevelopment of the 563,000 sq ft asset, located in D.C.’s Central Business District in 2009.
Deutsche Pfandbriefbank has written a cheque of more than €100m to finance the development of a mixed-use project in Hamburg.
DRC Capital has completed two deals in the UK, for Draco Property and for a joint venture between Oaktree Capital Management and Patrizia Immobilien, Real Estate Capital can reveal.
Lattanzio, Dale - CAP13 SThe real estate debt fund manager, run by managing partner Dale Lattanzio (pictured) and partners Rob Clayton and Cyrus Korat, is deploying capital from its high-yielding £487m European Real Estate Debt Fund II which reached a final close in May last year and issues whole and mezzanine loans.