Constructive Capital, an Oakbrook Terrace, Illinois-based wholesale capital provider for mortgage brokers and real estate investors, has hired Megan Castleton as chief credit officer. In her new job role, Castleton will develop and implement credit policies,...
JVM Realty Corp., a multifamily real estate investment and property management firm, has acquired Mayfair Reserve, a 236-unit luxury apartment community in Wauwatosa, Wisconsin. The property was purchased from Atlantic Residential, a private commercial real estate...
Neighborhood Ventures, an Arizona-based real estate crowdfunding company, is acquiring Venture on Colter, a distressed 123-unit multifamily property in Central Phoenix. The property, formerly known as Thom Slate on Colter, is being purchased directly from the lender...
Minneapolis’ 57-story Wells Fargo Center has been acquired by a joint venture between the investor groups Cross Ocean Partners, Neuberger Berman Special Situations and Onward Investors. The 1.15 million-square-foot property opened in 1987 as the headquarters of...
The Mortgage Bankers Association (MBA) is proposing the creation of a new Ginnie Mae securitization that would bring more private capital sources of liquidity to support Ginnie Mae issuers in the event of excessive market tumult. Under MBA’s proposal, an Early-Buyout...
The Bascom Group LLC, an Irvine, California-headquartered private equity firm, has acquired 2300 Elliott, a 92-unit multifamily community in Seattle. Built in 1992, the property features a five-story residential building situated above two levels of structured...
Hits and Misses for the Real Estate Week of June 15-19
