Rockwood Capital names two new partners

Rockwood Capital, a private real estate investment firm, has promoted Andrew Blanchard and Niraj Shah to partners of the firm. Walter Schmidt, senior managing partner, said, “Andrew and Niraj are incredibly deserving of their promotions to partner. Andrew has made significant contributions to Rockwood’s commingled fund business and separate account business, most recently as a portfolio manager. Niraj has successfully spearheaded the development of Rockwood’s structured products platform. Both are long-tenured members of the team who have exhibited not only expertise in…

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MRC provides $67.5m financing for Harrison, N.J., development

Madison Realty Capital has closed a $67.5 million loan collateralized by a 205-unit multifamily development project and an adjacent development site approved for 435 multifamily units. The loan facility allows the borrower, a partnership of Accordia Realty Ventures and Eastone Equities, to acquire both sites and finish construction of the 205-unit first phase of the project, which is currently topped off and approximately 60 percent complete. The sites, located along Frank E. Rodgers Boulevard in Harrison, N.J., sit adjacent…

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Everest Healthcare Properties: What is fueling medical real estate investments?

The medical office building (MOB) has been the main vehicle for outpatient healthcare delivery in the United States for the past 30 years. The medical industry has transformed itself from predominantly hospital and inpatient care to MOB and outpatient care. In fact, over 70 percent of all healthcare service delivery, including the majority of surgeries, is in an outpatient setting. Everest Healthcare Properties discusses the drivers and attractive investment attributes of the MOB sector in its What is fueling medical…

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Blackstone Mortgage Trust finances $278m for Colony Square in Midtown Atlanta

Holliday Fenoglio Fowler has secured $278.4 million financing of Colony Square, a mixed-use office and retail asset located in the heart of Midtown Atlanta. The 50-year-old destination represents the first mixed-use development in the Southeast and it is being reimagined into Midtown’s Living Room — an activated, arts-infused gathering place for the urban neighborhood’s 20,000 residents, 70,000 office workers, 25,000 college students and 6.1 million annual visitors to commune. The HFF team worked on behalf of the borrower, Lionstone Investments…

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