Blackstone President and COO Jonathan Gray and Center Parcs’ Villages Nature in Paris Trust Blackstone Group to prove that even holidays can be used to make paper. The investment giant has entered exclusive negotiations to sell a portfolio of European holiday parks for about 60 percent more than it paid in 2006, sources familiar with […]
Opportunity Fund eyes $100M for solar-powered affordable housing
From left: 548 Capital managing partner A.J. Patton, partner Erica Johnson and director of acquisitions Charles Cole (Credit: iStock) A local investment group took a leap this month in its sweeping plan to update and preserve thousands of units of affordable housing in Opportunity Zones across the city’s South and West sides. 548 Capital closed […]
OneLegacy organ donation nonprofit buys new HQ in Azusa
1303 Optical Drive with OneLegacy CEO Tom Mone One of the largest organ, eye and tissue donation nonprofits in the world has acquired an office building in the Valley that will serve as its new headquarters. OneLegacy paid $18.4 million for the building at 1303 Optical Drive in Azusa. Vindar Batoosingh of CBRE represented OneLegacy […]
Ahead of We Company IPO, investors willing to sell shares at discount from higher valuations
WeWork CEO Adam Neumann and Softbank CEO Masayoshi Son (Credit: Getty Images) In the lead up to We Company’s IPO, some institutional investors were willing to trade their stock in the company at deep discounts to the $47 billion valuation set by Masayoshi Son and announced earlier his year. Son’s Japanese conglomerate SoftBank announced a […]
Corporate retreat: After shunning New York, Amazon planning Seattle-area office tower
Amazon’s Jeff Bezos is planning a 43-story office tower in downtown Bellevue, Washington After shunning New York, Amazon is returning to its hometown with plans to build its tallest office tower yet. The e-commerce giant announced plans to build a 43-story office complex in Bellevue, a suburb of Seattle, according to CNBC. The 1-million-square-foot building […]
Anda Realty buys office building in sprawling Diamond Bar business park
From top left, clockwise: Tryperion Partners Joseph Kessle and Eliot Bencuya, and Muller Company Principals Stephen Muller and John Muller, and 1370 Valley Vista Drive Investment firm Anda Realty Capital has acquired a suburban office building in Diamond Bar, a property that’s part of a massive business park. Pasadena-based Anda Realty paid $22.3 million for […]