Best of the Best
HarbourVest is an independent, global private markets investment specialist with over 35 years of experience and more than $74 billion in assets under management, as of September 30, 2020. The Firm’s powerful global platform offers clients investment opportunities through primary fund investments, secondary investments, and direct co-investments in commingled funds or separately managed accounts. HarbourVest has more than 675 employees, including more than 150 investment professionals across Asia, Europe, and the Americas. This global team has committed more than $43 billion to newly-formed funds, completed over $26 billion in secondary purchases, and invested over $18 billion directly in operating companies. Partnering with HarbourVest, clients have access to customized solutions, longstanding relationships, and actionable insights.
Restaurants building sells
Investors paid $1.75 million for the building leased to Arby’s and Guthrie’s restaurants at 51 N. Greeno Road in Fairhope, according to Andrew Chason of Marcus & Millichap, who represented the buyer. Erik Vogelzang of SRS Real Estate Partners worked for the seller. The building is more than 4,000 square feet on almost an acre.
Local developers paid $825,000 for the former Landmark East condominium site at 588 E. Beach Blvd. in Gulf Shores, according to David and Angie Swiger of Swiger & Company Realtors, who coordinated the transaction for the buyers and sellers. The property is adjacent to Grand Beach Resort condos and a short distance from Gulf State Park Pier. The land measures 102 feet by 240 feet and is zoned business tourism.
By Richard Lowe2020-12-18T13:07:00+00:00
Global real estate developer Tishman Speyer and Canada’s Public Sector Pension Investment Board (PSP Investments) have made two major acquisitions in the Paris office market.
They have acquired the 30-year-old skyscraper Tour Cristal in the Front de Seine area and the Carré Saint-Germain, a mixed-use property on Boulevard Saint-Germain.
Meanwhile, BMO Real Estate Partners (REP) bought a mixed-used property on the Champs-Élysées, marking its first club deal in the city with two German pension funds.
No purchase prices were disclosed by the buyers, but IPE Real Assets understands that BMO REP paid between €260m and €300m for the Champs-Élysées asset.
Share A joint venture between MC Real Estate Partners (MCRE) and an international family office has acquired 1000 F Street in Washington D.C.’s East End submarket from Douglas Development in a transaction valued at approximately $106 million.
The deal marks the second D.C. area acquisition for the recently formed MCRE, whose founders Andy Nathan and Steve Grant have been active in the Washington market for the past 25 years.
The fully leased 95,000 s/f property was completed in 2017, incorporating a new, glass-lined, state-of-the-art office building into a two-story historic structure.
“MCRE is thrilled to have completed the acquisition of 1000 F Street, our second D.C. acquisition under our current platform. The purchase of this fully leased trophy level property is wholly consistent with our mission of pursuing acquisitions that best match the capital requirements of our partners across economic cycles,” said Nathan, a managing principal of MCRE.