US Commercial Real Estate
Marcus & Millichap's Bill Hughes on Succession Plan and Strategies for Bulking Up Firm's Capital Markets Business
Mon, 19 Feb 2018 02:37:49 GMT
William E. Hughes, credited with helping make Marcus & Millichap a force in the CRE capital markets, will help find and train his successor and continue to consult for the firm. Credit: Marcus & Millichap Marcus & Millichap recently announced that Senior Vice President William E. Hughes, who heads the company’s Marcus & Millichap Capital Corp. (MMCC) financing division and is one of the firm's longest-serving executives, will be transitioning into...
Oaktree Becomes Latest Investment Manager to Launch Non-Traded REIT, Looking to Raise up to $2 Billion
Fri, 16 Feb 2018 01:47:32 GMT
John Brady, a managing director and head of Oaktree's global real estate group, will lead the new non-traded REIT, Oaktree Real Estate Income Trust. Credit: Oaktree Capital Group Oaktree Capital is joining others of its class of global investment managers in launching a non-traded REIT to invest in commercial properties. The Los Angeles-based firm filed papers to launch Oaktree Real Estate Income Trust to invest primarily in office, multifamily...
Goldhar Moves to Excutive Chairman of REIT
Thu, 15 Feb 2018 09:27:56 GMT
Rendering of Revera's Westney Gardens Retirement Residence in Ajax, due to open this spring.Courtesy of Revera. SmartCentres Real Estate Investment Trust's largest unitholder, Mitchell Goldhar, is stepping up his role with the Toronto-based REIT. Goldhar, who was already chairman of the REIT, becomes its executive chairman, a move that coincides with Huw Thomas stepping down as chief executive of the REIT in June 2018, at the end of a five-year...
Singapore Sovereign Wealth Fund Spearheading $2 Billion Investment in North American Data Centers
Thu, 15 Feb 2018 03:16:45 GMT
A trio of investors led by GIC, the sovereign wealth fund established by the Government of Singapore, has created a new investment vehicle to develop and acquire data centers across North America. The investors have provided an inital $800 million of equity to capitalize the venture right out of the gate with a target of making $2 billion in data center development and investment. The other investors in newly formed EdgeCore Internet Real Estate...

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