Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.
Owned since 2011 by Bain Capital and Oaktree, International Market Centers has 12.2 million square feet of exhibition space in High Point, NC and Las Vegas.
“With the country in the middle of an affordability crisis, it's important for renters to understand how much they can save if they renew their lease instead of finding a new rental,” says Zillow's Svenja Gudell.
Totaling 504,000 square feet, the warehouse and manufacturing facilities form the seed assets of Investcorp's UK industrial and logistics program, which will focus on single-tenant properties.
Compared to other asset classes, real estate fundraising has remained broadly level as "fund managers and investors seem to be taking a less bullish attitude," says Andrew Moylan at Preqin.
The newly raised equity will be deployed into first mortgage floating-rate loans, mezzanine loans, preferred equity and Freddie Mac securities, backed mainly by office, multifamily and seniors housing.