A Metlife Inc. real estate investment subsidiary has provided $161.5 million in financing to a CBRE Global Partners real estate investment fund that has purchased the Marathon Oil Tower in Houston. The New York-based insurer had more than $43 billion in commercial mortgages outstanding at the end of 2012.Info on its site, here.
High-profile “ultra luxury” real estate listing firm/broker Nest Seekers International, which has management links to NYC’s LEV Group Development, announced it expanded to the West Coast, in a partnership with Marisa Zanuck in (of course) Beverly Hills, Calif. Details here.
Veteran industry executive and former Cushman & Wakefield CEO Glen Rufrano is back as chairman and CEO of a firm the predecessor of which he was a founding partner and where he spent 17 years. He left C&W after a three-year run in June. Here's Real Estate Weekly's take.
Finally, The Daily News, which is closely watching the New York City Housing Authority in a series of reports and editorials, today described a suit to halt a plan by Mayor Mike Bloomberg that could lead to private luxury buildings and units on Manhattan NYCHA land. The developers would lease the sites for 99 years--reportedly generating $50 million annually for the city's coffers--set aside 20% for affordable housing, and then pocket the profits on the 80% remaining. Monday is the deadline for proposals from the real estate investment industry. The details can be found here.
Gowanus is the next Dumbo, yes. We know that. Here's a rundown on some of it in the Daily News.