In Monday’s commercial real estate news – we’ll give you a look at the development in Allianz Field in Minnesota, the homes being built by equity firms and so much more.
Encore Capital Management is talking with institutional investors to raise a new fund to buy land and build homes for sale, focusing on affordable, entry-level and senior housing, according to people with knowledge of the matter. The asset manager and real estate developer is seeking to raise $400 million, said the people, who asked not to be named because the talks are private.
Kushner Cos. is buying Vornado Realty Trust out of 666 Fifth Ave., ending a rocky partnership and failed turnaround attempt for the aging and indebted office tower.
Catch up on the latest in CRE today!