DALLAS/FT. WORTH COMMERCIAL REAL ESTATE NEWS

CoStar's People of Note (July 21) - Cushman Chooses Gorelick, Brixmor Brings on Brown, Avison Adds Kreider...

July 20 2017

It's time to update those contact managers with CoStar's People of Note, reporting news on significant new CRE hires and promotions. This week's issue includes the following markets: New York City, Raleigh / Durham, Atlanta, Charlotte and St. Louis. NEW YORK CITY Cushman & Wakefield Taps Gorelick as Executive Managing Director, Head of Retail for the Americas By Justin Sumner

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Ivanhoé Cambridge Acquires Evergreen Industrial Properties from TPG Real Estate

July 14 2017

Montreal-based Ivanhoé Cambridge made its first major move into the 'last mile' warehouse market this week, closing on its purchase of Evergreen Industrial Properties from private equity investment firm TPG Real Estate. The investment unit of Montreal pension fund advisor Caisse de Depot et Placement du Quebec announced it plans to buy more. Financial terms of the transaction were not disclosed, although media reports speculated the owner/operator...

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Brackenridge Joins Westwood Financial as SVP, Acquisitions

July 13 2017

Westwood Financial has hired Stuart Brackenridge as the senior vice president of acquisitions, dividing his time between the firm's Dallas and Los Angeles offices. Brackenridge brings more than 25 years of real estate investment expertise with a focus on grocery-anchored shopping centers, most recently serving in acquisitions and development roles at Regency Centers for the past 20 years, where he handled sourcing, underwriting and closing of core...

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BRT, MLG Capital Net 509-Unit Mercer Crossing Complex in Farmers Branch

July 11 2017

Great Neck, NY-based BRT Apartments Corp. (NYSE: GRT) teamed up with local equity partner MLG Capital to acquire a 509-unit apartment complex in suburban Dallas from Provident Realty Advisors in an off-market transaction for $85.7 million, or approximately $168,000 per unit. American Realty Investors (NYSE: ARL) developed the 509-Unit Mercer Crossing in two phases in 2014 and 2016 at 11700 Luna Rd. just south of I-635 and immediately west of the...

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Capital Senior Living Appoints Lee to COO

July 10 2017

Capital Senior Living Corp. (NYSE:CSU), one of the largest senior living community operators in the U.S., has hired Brett D. Lee to serve as its executive vice president and COO. Lee is the current CEO of the North Texas and Dallas markets for Tenet Healthcare Corp., where he oversees five hospitals, a new joint venture with Baylor, Scott & White Health, 20 ambulatory sites, three freestanding emergency departments and a physician network. In...

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Apollo Global Management Buying Business Club and Golf Couse Owner ClubCorp for $1.1 Billion

July 10 2017

Private equity investor Apollo Global Management has agreed to acquire Dallas-based ClubCorp Holdings Inc., (NYSE:MYCC) a major owner and operator of private business clubs and golf courses, in an all-cash deal valued at $1.1 billion. The offer of $17.12 per share for the publicly traded firm is a premium of just over 30.7% over ClubCorp's closing stock price on July 7. The decision by ClubCorp to accept the buyout offer from Apollo reverses...

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