Almabani General Contractors

Real Estate Investment

Walker & Dunlop | January 24, 2022

Walker & Dunlop, Inc. announced today that it facilitated the $156,000,000 sale and $91,260,000 financing of Volta on Pine , a 271-unit, core multifamily property with 1,300 square feet of ground floor retail space in the heart of Downtown Long Beach, California. Historically tied to aviation since the days of Amelia Earhart's 1920s explorations, Long Beach is now coined "Space Beach" and is rapidly becoming the epicenter of the aerospace industry. Startups including SpinLaunch...

WORLD PROPERTY JOURNAL | March 11, 2020

The Mortgage Bankers Association's latest Commercial/Multifamily Delinquency Report is showing this week that U.S. commercial and multifamily mortgage delinquencies remained low in the fourth quarter of 2019. Commercial and multifamily mortgages ended the fourth quarter of 2019 much the way they started the year - at or near record low delinquency rates," said Jamie Woodwell, MBA's Vice President of Commercial Real Estate Research. "The key drivers - solid property fundamentals...

Real Estate Investment

MWest Holdings | February 28, 2022

MWest Holdings, a Los Angeles-based real estate company with over 2 million square feet of residential and commercial property across the U.S., announced today that it has acquired 442 Residences, a five-story, 94-unit multifamily asset in Downtown Long Beach. We are thrilled to expand our California portfolio in the Long Beach submarket. With a prominent location in a growing metropolitan market, nearby business centers, and public transportation, 442 Reside...

Real Estate Technology

KKR | March 17, 2022

KKR & Co. Inc., Mitsubishi Corporation and UBS Group and UBS AG announced the signing of a strategic transaction by a subsidiary of KKR, which is acquiring all of the outstanding shares of Mitsubishi Corp.-UBS Realty Inc. from Mitsubishi and UBS Asset Management in an all-cash transaction valued at JPY230 billion (US$2 billion). MC-UBSR is one of the largest real estate asset managers in Japan. Founded in 2000 as a joint venture between Mitsubishi and UBS-AM, MC-UBSR is a pion...