Turnbridge Equities Completes Recapitalization of Bronx Logistics Center With Joint Venture Partner Dune Real Estate Partners LP

prnewswire | September 08, 2020

Turnbridge Equities (Turnbridge), a vertically integrated real estate investment and development firm, announced the recapitalization of the Bronx Logistics Center, a Class-A industrial development site situated on 14.2 acres in the Hunts Point submarket of New York City.  Bronx Logistics Center is expected to be one of the largest multi-story, last mile distribution facilities in the region when complete, and is currently the only planned industrial development site in the New York City market with available rail access. As part of the recapitalization, Turnbridge entered into a new joint venture with affiliates of Dune Real Estate Partners LP (Dune) to own and develop the five parcel assemblage.  The joint venture simultaneously secured $105 million in predevelopment financing for the project with J.P.

Spotlight

Lowe Enterprises is pleased to submit this response to Request for Qualifications to the City of Newport Beach for the City Hall Complex Re-Use Project. Lowe envisions an upscale, independent, boutique hotel

Spotlight

Lowe Enterprises is pleased to submit this response to Request for Qualifications to the City of Newport Beach for the City Hall Complex Re-Use Project. Lowe envisions an upscale, independent, boutique hotel

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REAL ESTATE TECHNOLOGY

Monthly Distribution Announced by Neuberger Berman Real Estate Securities Income Fund

Neuberger Berman | March 31, 2021

Neuberger Berman Real Estate Securities Income Fund Inc.has reported a circulation presentation of $0.0312 per portion of basic stock. The appropriation declared today is payable on April 30, 2021, has a record date of April 15, 2021 and has an ex-date of April 14, 2021. Under its level dissemination strategy, the Fund expects that it will make normal month to month conveyances, subject to economic situations, of $0.0312 per portion of basic stock, except if further move is made to decide another sum. There is no confirmation that the Fund can generally pay an appropriation of a specific sum, or that a conveyance will comprise of just net venture pay. The Fund's capacity to keep up its present dissemination rate will rely upon various elements, including the sum and strength of pay got from its speculations, accessibility of capital gains, the measure of influence utilized by the Fund, the expense of influence and the degree of other Fund costs. The appropriation reported today, just as future conveyances, may comprise of net venture pay, acknowledged capital gains and return of capital. In consistence with Section 19 of the Investment Company Act of 1940, as corrected, a notification would be accommodated any dissemination that doesn't comprise exclusively of net speculation pay. The notification would be for instructive purposes and not for charge revealing purposes, and would unveil, in addition to other things, assessed parts of the conveyance, assuming any, comprising of net speculation pay, capital gains and return of capital. The last assurance of the source and expense attributes of all disseminations paid in 2021 will be made after the year's end.

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REAL ESTATE INVESTMENT

First National Realty Partners Acquires Southland Crossings, a 245,678 SF Giant Eagle-Anchored Shopping Center in Boardman, OH.

First National Realty Partners | December 10, 2021

First National Realty Partners (FNRP) is pleased to announce the acquisition of Southland Crossings, a grocery-anchored shopping center located at 1150-1300 Doral Drive, Boardman, OH. Southland Crossings is a 245,678 SF shopping center that is 91% occupied and anchored by a 77,592 square foot Giant Eagle Supermarket. The property is located approximately 6.0 miles south of downtown Youngstown and adds to FNRP's rapidly growing portfolio of premier real estate assets in Ohio and throughout the United States. "We are excited to acquire Southland Crossings and add Giant Eagle to our portfolio, In addition to having high-performing junior anchor tenants including Ross, PetSmart, DSW, and Michaels, Southland Crossings is shadow anchored by Lowe's and Walmart, who help drive foot-traffic to the center". -Matt Annibale, Senior Director of Acquisitions at First National Realty Partners. First National Realty Partners, LLC (FNRP) is a leading vertically integrated real estate investment firm focused on acquiring institutional quality commercial real estate throughout the United States. The firm is an active, opportunistic, and value-add investment firm that is equipped to operate in all facets of the real estate acquisition process as an investor, developer, and asset manager of commercial real estate. FNRP enhances the value of properties through hands-on management and targeted investments that result in superior, risk-adjusted returns for its investors.

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REAL ESTATE TECHNOLOGY

Parque Arauco continues to be the only Chilean real estate company in the Emerging Markets Index of Dow Jones Sustainability

businesswire | November 18, 2020

Parque Arauco S.A. announces that for the fifth consecutive year, it is the only Chilean real estate company in the Emerging Markets Dow Jones Sustainability Index ,Dow Jones Sustainability Chile Index and Dow Jones Sustainability MILA Pacific Alliance Index. About the Dow Jones Sustainability Index The Dow Jones Sustainability Index is one of the most rigorous and well respected indices in the world. Its methodology independently evaluates more than 7,300 companies, from 60 industries in more than 40 countries. The focus of the evaluation analyzes the information of over 100 industry-specific questions focusing on economic, environmental and social factors that are relevant to the companies’ success. In the real estate sector some of the most important factors reviewed are corporate governance, risk and crisis management, as well as customer relationship practices. Additionally, climate change, operational eco-efficiency, conservation and environmental efficiency strategy is evaluated. Social factors evaluated include human capital, labor practices, integration and stakeholder engagement. Manjit Jus, Global Head of ESG Research and Data, S&P Global commented: “We congratulate Parque Arauco for being included in the DJSI Emerging Markets, Chile and MILA Indexes. A DJSI distinction is a reflection of being a sustainability leader in your industry. With a record number of companies participating in the 2020 Corporate Sustainability Assessment and more stringent rules for inclusion this year, this sets your company apart and rewards your continued commitment to people and planet." Parque Arauco and sustainability management Parque Arauco has defined its strategic pillars as growth, profitability and sustainability. The Company has a sustainability agenda that is periodically reviewed by a corporate committee made up of top level executives. Additionally, the Board of Directors receives status updates at least three times a year. In this context, it is possible to mention a few of the recent advancements made in sustainability. Regarding environmental matters, in 2019, Parque Arauco tripled its use of renewable energy and reduced its carbon footprint by 60%. Also, more than 16,300 cubic meters of water were recycled for garden irrigation and cleaning purposes, and more than 3,700 tons of waste were recycled, which was an increase of 20% from 2018. In social integration matters, the company developed more than 220 fairs, supporting 1,500 entrepreneurs in its shopping centers in 2019. Additionally, Parque Arauco has been recognized for its good labor practices and works with strategic suppliers to promote sustainability practices. Currently, Parque Arauco has 1,075,500 m2 of total GLA in Chile, Peru, and Colombia. The Company inaugurated its first shopping center in Chile in 1982, entered Peru in 2006 and Colombia in 2008. The company’s assets include 8 regional shopping centers, 1 neighborhood center, 4 premium outlet malls and 17 strip centers in Chile; 6 regional shopping centers, 9 neighborhood centers, 2 premium outlet malls and 3 strip centers in Peru; 3 regional shopping centers and 1 premium outlet mall in Colombia, as well as a land bank to contribute to the company’s future growth plans.

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