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REAL ESTATE INVESTMENT
Taconic Capital Advisors | May 23, 2022
Taconic Capital Advisors, a global institutional investment firm, announced that it has closed its third real estate fund, Taconic CRE Dislocation Onshore Fund lll (TCREDF III), with $500 million in capital commitments. The fund comprises investments from a diverse group of existing and new investors with flexibility to tap into an overflow vehicle for more concentrated transactions.
One year into its investment period, TCREDF III has already committed or closed on $300 million of...
REAL ESTATE TECHNOLOGY
DAMAC Properties | May 30, 2022
UAE-based DAMAC Properties has announced that it has won the US $120 million bid to acquire land in the upscale Miami neighbourhood of Surfside. The Dubai-based developer plans to build an ultra-luxurious, CAVALLI branded condominium project.
The property, on Collins Avenue, offers residents 200 feet of direct beach frontage and access to South Beach and Bal Harbour. The land, comprising 1.8 acres, was sold to DAMAC for $120 million through the court process.
prnewswire | September 11, 2020
Affirmed Housing recently announced that it anticipates pulling its building permit for the long-awaited, affordable development, Windsor Pointe, in Carlsbad, CA by January 2021. The project will serve low-income individuals and families, and people who are homeless or nearly homeless with mental illness. A strong preference will be given to veterans and their families. Windsor Pointe has been in process since 2016, when Affirmed Housing purchased the properties from three sellers.&n...
businesswire | December 14, 2020
Creative Industrial Properties, Inc. (IIP), the sole land organization on the New York Stock Exchange (NYSE: IIPR) zeroed in on the controlled U.S. cannabis industry, reported today that it went into a correction of the rent with PharmaCann Inc. (PharmaCann) in Hamptonburgh, New York, making accessible $31.0 million in subsidizing for huge improvements underway limit and extra overhauls at the 127,000 square foot office. The rent alteration likewise changed the base lease under the rent to consi...
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