Royal Bank of Canada fired its U.S. investment banking chief Blair Fleming because he failed to disclose that he was having an improper relationship with an employee. American Banker: Feed
Tag Archives: Investment
MCR purchased this Courtyard by Marriott Milwaukee in February for $ 24.5 million ($ 145,000/room) with proceeds from its first fund. MCR, the hotelier behind the High Line Hotel in Chelsea and the upcoming TWA Hotel at JFK, has just closed on its first fund. With a total raise of $ 300 million, the MCR
Crescent Communities is developing a 302-unit apartment complex over 23,000 square feet of retail space in the Bishop Arts neighborhood in Dallas. In a move expected to bring more than $ 500 million of future real estate investment to North Carolina-based Crescent Communities LLC, Sumitomo Forestry America Inc., a subsidiary of Japan-based Sumitomo Forestry Co.
Grocery-Anchored Centers Remain Choice of Retail Investors, Despite Growing Competition, Investment Risk
Sales of U.S. grocery anchored shopping centers rose more than 5% in 2017, bucking the trend of declining trading volume across most major types of commercial property last year as investors poured into the grocery sector seeking to take advantage of its near-legendary income reliability. Neighborhood centers anchored by supermarkets and other grocery retailers have
Capital Raising On the Rise: Almanac, Blackstone, Gerkshire, TPG All Bringing In Dollars for CRE Investment
Some of the biggest institutional players are currently out in the market raising money to help fund other investors. Almanac Realty Investors, Berkshire Group, Blackstone Mortgage Trust and TPG Holdings are all raising money to place with private and public real estate companies to fund their deals. In a notable example of this trend, Moinian