NEW YORK, NY - Greystone Monticello and Cushman & Wakefield jointly announced today that the firms provided financing for, and represented the buyer of, respectively, a two-property portfolio of build-to-rent multifamily communities in Phoenix, Arizona.
Jeems Lochridge of Cushman & Wakefield represented Balfour Pacific Capital and Stone View Holdings, the joint buyers and co-General Partners in the transaction, and Greystone’s Dale Holzer of Greystone originated the loan through.
Greystone Monticello Provides $37 Million in Financing for Build-to-Rent Portfolio in Arizona, Cushman & Wakefield Represents Buyer sina.com.hk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sina.com.hk Daily Mail and Mail on Sunday newspapers.
Ball buys Broomfield offices from Canadian investor – BizWest bizwest.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizwest.com Daily Mail and Mail on Sunday newspapers.
Cawley Partners takes another building in Las Colinas
Purchase is the commercial property firm’s second buy this week.
The Westpoint I office building in Irving was built in 1997.(Cawley Partners )
Dallas-based commercial property developer and investor Cawley Partners has made its second major office acquisition this week.
Cawley Partners teamed up with Canada-based Balfour Pacific Capital to buy the Westpoint I office building in Las Colinas.
The six-story, 150,000-square-foot building is at 1255 Corporate Drive in Irving.
The new owners are planning to renovate the building, which was constructed near DFW International Airport in 1997.
“Westpoint I ticks many boxes for us,” Mark Scott, Balfour Pacific’s managing partner, said in a statement. “It’s a stabilized property anchored by investment-grade credit, but with value-add characteristics and significant upside.”