The median price paid for a new or existing Bay Area home or condo hit a record $787,000 in November, up 1.5 percent from a revised $775,000 in Octoberup 12.6 percent year over year, according to a CoreLogic report issued Thursday.
CBRE Global Investors held final closing of CBRE Strategic Partners U.S. Value 8 with equity commitments of $1.34 billion raised from 25 institutional investors in the U.S., Europe, the Middle EastAsia. That would give the new fund about $3.3 billion in purchasing power with leverage.
lan Investments, a privately-held multifamily real estate investment manager headquartered in Houston, secured roughly $61.5 million in non-recourse bridgepermanent Fannie Mae loans to finance three of the companys multifamily properties in the Houston market.
Jefferson Apartment Group (JAG), an Eastern U.S. multifamily real estate developeroperator based in McLean, VA, boosted its holdings in a core market with the purchase of the 262-unit One Upland complex in suburban Boston for $93 million, or approximately $355,000 per unit.
