REAL ESTATE INVESTMENT
Matthews Real Estate Investment Services | August 18, 2021
Matthews Real Estate Investment Services, a commercial real estate investment services and technology firm, today announced the acquisition of one of the industry’s most respected capital advisory firms Cadence Capital Partners, a company with a significant track record in the institutional and private client capital market space. With Cadence joining the firm, Matthews will now offer a full suite of capital solutions to solve every real estate funding need through the Matthews Capital Markets Division. Cadence was founded in 2017 by real estate executives, Michael Bennett and Jay Soave.
Cadence arranges equity and debt across all commercial property types. The company is unique to the industry as it focuses on equity first, partnered with a robust debt execution platform. With offices in Denver and Chicago, the firm excels in identifying capital sources outside the usual groups looking for opportunities, distinguishing themselves as a go-to authority for sourcing capital. They have originated and executed over $2.4 billion in transactions and placed over $850 million in equity and debt.
Kyle Matthews, Chairman & CEO of Matthews Real Estate Investment Services, stated, “We are pleased to announce and welcome Cadence principals and supporting employees to our growing Matthews™ roster. This signifies another step in our aggressive growth as we continue to expand and elevate our client relationships through expanding service lines.”
David Harrington, Executive Vice President & Managing Director, added, “We look forward to not only making a meaningful impact in the equity space but also growing our overall presence in the Denver and Chicago markets across all Matthews service lines. We are also amid additional capital markets initiatives that will propel the Matthews™ platform into the future. These additional announcements will be public soon.”
The equity service line under the Matthews Capital Markets Division will solve one of the most vexing aspects of real estate acquisition by bringing equity solutions in-house. Michael Conway, along with JT Johnson, will be Vice Presidents of the equity service line and complement the Matthews investment sales platform, providing fully integrated commercial real estate solutions. John Heitmann, also from Cadence, will be an integral part of the expanding presence in debt origination for Matthews™. Both Michael Bennett and Jay Soave will serve as executives and continue to help grow and advise the strategic direction for the division. Matthews™ is committed to redefining the brokerage experience and providing industry-leading advisory and support to clients. With this announcement, Matthews™ will also be expanding services to both Chicago and Denver markets.
About Matthews
Matthews Real Estate Investments Services, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Founded in El Segundo, CA, and strategically positioned in over ten offices across the United States, Matthews continues to expand into new markets.
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INVESTMENTS
Tucker Development | November 22, 2021
AECOM-Canyon Partners and Tucker Development ("Tucker") today announce their partnership to develop a mixed-use project in Lincolnwood, Illinois, a premier suburb outside of Chicago. The project ("District 1860") will consist of 299 mid-rise multifamily units, an Amazon Fresh grocery store and over 40,000 leasable square-footage of additional retail and restaurant space. The joint venture simultaneously closed on a senior construction loan from Pacific Western Bank ("PWB") and construction has already begun.
In close proximity to downtown Chicago and Evanston, the transit-oriented development is readily accessible to major highways, Oakton-Skokie CTA and Edgebrook Metra train stations. The complex will also have easy access to neighboring employment hubs as well as Chicago O'Hare International Airport. At closing, the retail space is 65% pre-leased and will notably feature an Amazon Fresh grocery store. The development will include additional retail space with multiple dining options, public space for gatherings as well as Class-A multifamily units with high end finishes and amenities.
"We are excited to partner with AECOM-Canyon on this dynamic & transformative project. We'd like to thank the Village of Lincolnwood and Mayor Jesal Patel for their strong & unwavering support of District 1860."
- Richard H. Tucker at Tucker
The project is expected to be completed during 2023.
About AECOM-Canyon Partners
AECOM-Canyon Partners is a joint venture between AECOM Capital, the real estate investment management arm of global infrastructure firm AECOM, and Canyon Partners, LLC, a global alternative asset management firm with over $27 billion in assets under management. AECOM-Canyon Partners was established to develop large-scale, institutional quality commercial real estate projects in top U.S. markets. In addition to capital, AECOM-Canyon Partners provides best-in-class design, construction management and engineering expertise as well as credit support for its development partners.
About Tucker Development
Tucker Development, founded in 1996 & based in Chicago, IL, is leading developer & manager of mixed-use properties and shopping centers in key Midwest & East Coast barrier-to-entry markets. The company, led by Richard Tucker (founder & CEO) and Aaron Tucker (CIO), pursues mixed-use and retail-related real estate investments that provide an opportunity to enhance value through development, redevelopment, repositioning & recapitalization.
About Pacific Western Bank
Pacific Western Bank is a commercial bank with over $35 billion in assets headquartered in Los Angeles, California, with an executive office in Denver, Colorado. The Bank has 69 full-service branches located in California, with one branch located in Durham, North Carolina, and one branch located in Denver, Colorado. We offer national lending products including asset-based, equipment, and real estate loans and treasury management services to established middle-market businesses.
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REAL ESTATE TECHNOLOGY
Peerage Realty Partners | December 07, 2021
Peerage Realty Partners Inc. ("Peerage Realty") announces a substantial partnership interest in Cascade Sotheby´s International Realty ("Cascade"), a leading premium real estate brokerage in the Portland, Bend, Southern Oregon, Coastal Regions of Oregon, and Southwest Washington markets. The firm specializes in the representation of significant properties that highlight sophisticated urban markets as well as the spectacular natural beauty of the Pacific Northwest region.
Under the leadership of CEO Deb Tebbs and the senior management team, since 2006 Cascade Sotheby's International Realty has continually set company sales records. The firm's 2021sales volume with exceed US$3 billion (C$ 3.8 billion), achieving a 30 percent increase over 2020.
The partnership with Cascade Sotheby's International Realty is a key milestone for Peerage Realty, serving as a cornerstone for its North American expansion strategy in targeted real estate markets that have exciting growth opportunities. It also reinforces existing relationships between Peerage Realty and the iconic Sotheby's International Realty brand, reflecting the intent to forge more such partnerships in the future.
"With Cascade Sotheby's International Realty, we are adding another superb Sotheby's International Realty firm to the Peerage Realty family of companies,"."Deb Tebbs is an exceptional, entreprenurial leader who has built a talented management team that shares a long-term commitment to be the best in their business. The ability to partner with those who share our values and our singular focus on providing clients with a luxury experience, is a true privilege."
-Gavin Swartzman, CEO of Peerage Realty
"Each and every day we focus on supporting our agents, and it's our sharing and give-back culture that is the heart and soul of this company,". "As our agents know, my objective has been to build a strong and sustainable model that incorporates the most up-to-date technology, broker support, and generates future opportunities. I believe this unique partnership with Peerage Realty will benefit our agents the most. Now more than ever, we will empower our agents to deliver exceptional real estate services from which our clients will benefit."
-Deb Tebbs
Presently, Peerage Realty is in partnership with Sotheby's International Realty Canada ("SIRC"), Canada's largest luxury real estate brokerage with 30 offices and 690 agents in Ontario, Quebec, British Columbia and Alberta; Briggs Freeman Sotheby's International with six offices and 381 agents in North Texas, including Dallas and Fort Worth; Four Seasons Sotheby's International Realty with 23 offices and 320 agents in Vermont, New Hampshire and New York; and Jameson Sotheby's International Realty ("Jameson"), a dominant player in the luxury residential and commercial real estate markets with six offices and 460 agents in the Greater Chicago Area.
ABOUT CASCADE SOTHEBY'S INTERNATIONAL REALTY
With 400 brokers and 17 offices serving Oregon and Southwest Washington, Cascade Sotheby's International was ranked the third fastest-growing company in Portland in 2020. It has a 20 per cent share of the key Bend, Oregon market, twice as much as its nearest competitor.
In 2021, posting a 30 percent increase over the previous year, Cascade Sotheby's International Realty is projected to generate over US$3 billion (C$3.8 billion) in sales volume.
ABOUT PEERAGE REALTY PARTNERS
Peerage Realty Partners is a leading residential real estate services firm, serving luxury markets across North America.
Peerage Realty brokerage partners include leading Sotheby's International Realty franchisees, and renowned independent firms in both re-sale residential real estate brokerage, and new construction marketing.
Peerage Realty core service activities include real estate financing, transaction services, asset management, and home improvement for purpose-built rental properties. Peerage Realty has the unique benefit of being a privately-owned enterprise that is positioned to commit to long-term partnerships and investments.
Peerage Realty is projected to sell over US$30 billion (C$38 billion) in 2021 through its partner firms. It has over 4,000 best-in-class sales representatives and employees with 211 offices in Canada and the United States. To support growth and expansion among partners, Peerage Realty consistently provides strategic input, capital, technology, operational expertise, marketing, communications, and value-added products and services that differentiate and strengthen its partner firms in competitive markets. Its goal is to expand the suite of services that its partner firms can offer to enhance the client experience through all phases of a real estate transaction and beyond.
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