Northeast

Mack-Cali says it intends to ask MaryAnne Gilmartin and Frederic Cumenal to join the Board immediately following the company's Annual Meeting on June 12.

The $2.75 billion in equity commitments exceeded the fund's $2.5 billion target, becoming the firm's largest real estate fund to date.

Switzerland-based Baloise Group, which entered into the share-capital of Infracore in December 2018, increased its participation in the firm from 20% to 35%. In the two transactions, Aevis Victoria SA sold 61% of its interest in Infracore SA and retained a 19% stake in the firm.

The buyer is a Sansome Pacific joint venture, and the seller is Bass Pro Shops and Cabela's, which merged in 2017.

Commercial real estate finance and investment firm Virtua Credit reports that it facilitated a $14-million bridge loan for the hotel that was built in 1999 and renovated in 2017.

The new leases, include the Heart House taking 9,450 square feet, Jefferson Health securing 7,700 square feet and AdvoCare committing to 3,100 square feet, which collectively bring the property to full occupancy.

An aging housing stock, costly construction and the need for affordable housing will keep pointing investments to renovations and repositionings says Nate Kline, CIO of OneWall Partners.

The advertising firm signed a 17,175-square-foot sublease with Cadillac.