May 19 2016, 3:51pm EDT | By Ann Marsh | Financial Planning A federal judge has confirmed the bankruptcy plan for RCS Capital, Cetera Financial Group’s parent, clearing the way for RCS to emerge from Chapter 11 bankruptcy protection in the near future. "All requirements for confirmation of the plan have been satisfied," Judge Mary Walrath of…

May 19, 2015 Carey Watermark Investors Incorporated (CWI) announced that it has acquired a majority interest in the 299-room Ritz-Carlton Philadelphia (The Ritz-Carlton) in a joint venture with Philadelphia Hospitality Partners, LP, the owner of the property. Historic property in premier Center City, Philadelphia location: Originally built between 1904 and 1908 as The Girard Trust…

UDF IV, a target of Kyle Bass, says it is not operating a Ponzi scheme May 18, 2016 @ 10:43 am | By Bruce Kelly | Investment News UDF IV, a troubled real estate investment trust that had its shares stop trading in February after its offices were raided by the FBI, said on Tuesday that it…

May 18, 2016 10:06 AM Eastern Daylight Time CINCINNATI--(BUSINESS WIRE)--Phillips Edison Grocery Center REIT II, Inc. (the “Company”) today announced the strategic acquisition of three grocery-anchored shopping centers, expanding the Company’s portfolio in Texas, California and Georgia. Stone Gate Plaza is a 90,643 square foot grocery store-anchored shopping center in Crowley, Texas, a suburb 15…

May 19, 2016 16:28 ET | Source: Griffin Capital photo-release EL SEGUNDO, Calif., May 19, 2016 (GLOBE NEWSWIRE) -- Griffin Capital Corporation (“Griffin Capital”) announced today, on behalf of Griffin Capital Essential Asset REIT II, Inc. (the “REIT”), the acquisition of a 142,700 square-foot office and R&D facility fully leased to NETGEAR, Inc. (“NETGEAR”) (NASDAQ:NTGR)…

May 17, 2016, 8:08am CDT | Houston Business Journal A Houston-based real estate investment firm bought a multifamily property in the Memorial City area with plans to eventually develop a mixed-use project on the site. Moody National Cos. bought the 164-unit Le Renaissance apartment community from Texas Pinnacle Apartments for an undisclosed price, according toTranswestern’s…

Sales at the once-tarnished company are up fourfold this year May 17, 2016 @ 1:35 pm | By Bruce Kelly | Investment News After a disastrous 2015, Cole Capital Corp. has rebounded strongly in a tough market environment and seen more than a fourfold increase in sales of nontraded real estate investment trusts over the first four…

May 13, 2016 | Blau Journal Global real estate firm Hines and Gemdale Properties & Investment Corporation Limited(“Gemdale PI”), today announced a new joint venture to redevelop Boston’s South Station into a transportation hub and mixed-use complex. The first phase of this transformational project will include the tallest building in Boston’s financial district and fourth-tallest…

KBS Strategic Opportunity REIT Inc., a publicly registered non-traded business development company, entered into an agreement to purchase 353 Sacramento in San Francisco for $169.5 million plus closing costs. The seller, Pacific EIH Sacramento LLC, is not affiliated with the company. Built in 1982, the class A, 284,800-square-foot office building sits on 0.35 acres of…