AECOM CEO Michael Burke and Canyon Partners’ co-CEOs Joshua Friedman and Mitchell Julis AECOM Capital and Canyon Partners will invest $4 billion into a joint venture for developing “large-scale, institutional quality” commercial real estate projects across the country. AECOM Capital — the investment arm of AECOM — and asset management firm Canyon will focus on […]
Renewed concerns over Oceanwide Plaza megaproject as developer misses deadline
Oceanwide Holdings CEO Thomas Feng and Oceanwide Plaza Late last month, the Chinese company developing the $1 billion Oceanwide Plaza project in Downtown halted work, but said construction would resume in a couple of weeks. But despite assurances, work never started back up, renewing questions about the financial viability of the massive mixed-use project — […]
Insurance startup TheGuarantors closes $15M Series B as it expands offerings
The Guarantor CEO Julien Bonneville (Credit: The French Studio via YouTube and Pixabay) TheGuarantors, a startup that insures New York renters who don’t meet landlord requirements, has closed on Series B funding. The $15 million round was led by Global Founders Capital, bringing the company’s total fundraising to $27 million, TheGuarantors said in a statement. […]
Venezuela opposition leader spurs renewed interest among SoFla real estate investors amid turmoil
Nicolas Maduro and Juan Guaido (Credit: Wikipedia and Google Maps) As Venezuela descended into economic turmoil in recent years, real estate values plummeted and investors looked elsewhere, including to South Florida. Eventually, that too dried up, as the government’s grip tightened and the country grew more isolated. Now, as Venezuela’s opposition leader vies for control […]
Black Creek considers selling warehouse REIT worth $3.5B
Black Creek CEO Raj Dhanda and several properties from Industrial Property Trust (Credit: Black Creek and Industrial Property Trust) It could be good news for the tight industrial property market. Real estate investment firm Black Creek Group is considering selling an industrial property REIT that could fetch up to $3.5 billion, including debt. Industrial Property […]
Kushner Cos. picks up $1.1B suburban multifamily portfolio
Lone Star Funds CEO John Patrick Grayken and Charlie Kushner (Credit: Getty Images) Kushner Companies has made its largest acquisition since it paid a record $1.8 billion for 666 Fifth Avenue more than a decade ago. Kushner Cos. paid $1.1 billion to buy a portfolio of 6,000 rental apartments in Maryland and Virginia from the […]