CEC Companies

prnewswire | September 29, 2020

StepStone Real Estate ("SRE") announced today the final closing of StepStone Real Estate Partners IV ("SREP IV"), its fourth in a series of funds focused on special situations secondaries and recapitalizations of real estate vehicles. SREP IV's $1.4 billion final closing exceeded the $1 billion target for the fund and notably, approximately $870 million of the commitments closed after the advent of the COVID-19 pandemic. Latham & Watkins LLP served as legal advisors f...

REAL ESTATE INVESTMENT

DJM | January 05, 2022

DJM, a California-based private equity real estate and development firm, today announced its acquisition of Long Beach Exchange (LBX) in partnership with PGIM Real Estate from Burnham-Ward Properties. Eastdil is credited with brokering the deal. As experts in retail, DJM will increase LBX's value through best-in-class management, leasing, marketing and placemaking. PGIM Real Estate is the real estate investment and financing business of PGIM, the $1.5 trillion global investment management bu...

REAL ESTATE TECHNOLOGY

Innovative Industrial Properties | May 17, 2022

Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange focused on the regulated U.S. cannabis industry, announced that it closed on the acquisition of a property comprising approximately 104,000 square feet of industrial space in Taunton, Massachusetts. The purchase price for the property was $40.0 million (approximately $384 per square foot), which is fully built out and operational as a regulated cannabis cultivation, ...

REAL ESTATE INVESTMENT

Bandwidth Inc. | September 14, 2021

Bandwidth Inc., a leading global enterprise communications platform and cloud-native carrier, announced it is powering some of the most innovative digital disruptors in the red-hot U.S. housing market. As the nationwide surge in the real estate market continues, buyers and sellers are increasingly adopting new digital tools to more quickly and conveniently get to the closing table. Bandwidth is the messaging and communications platform of choice for several innovative property tec...