Lennar sells majority control of multifamily division to TPG after years of losses
Lennar Corp., the country’s second-largest homebuilder, sold its majority stake in its multifamily development division to San Francisco-based asset management firm TPG. Lennar will hold onto a minority stake in Quarterra, and TPG Real Estate has agreed to invest $1 billion into the multifamily dev
Boca Raton mixed-use project scores $74M Bank OZK construction loan
A Compson Associates-led joint venture landed a $74 million construction loan for a planned mixed-use complex in Palm Beach County that started construction last month. Little Rock, Arkansas-based Bank Ozk provided the financing for The Aletto, which consists of two 10-story mid-rises with 140,000 s
Gencom finances Ritz-Carlton Coconut Grove acquisition with $12M loan
Gencom is retaking full ownership of the Ritz-Carlton Coconut Grove. An affiliate of Miami-based Gencom, led by Karim Alibhai, bought partner Hersha Hospitality Trust’s majority stake in the 115-key hotel at 3300 Southwest 27th Avenue, according to a news release. Gencom and Hersha declined to comme
Recent Posts
