George Smith Acquires Clearwater Capital for C-PACE Savvy

George Smith Acquires Clearwater Capital for C-PACE Savvy

George Smith Partners has acquired Clearwater Capital Management to expand its business into Commercial Property Assessed Clean Energy lending. The Century City-based commercial real estate financing firm bought the New York-based C-PACE... Read more »
Texas Capital Bank shoots back at Ginnie Mae over dismissal motion

Texas Capital Bank shoots back at Ginnie Mae over dismissal motion

Roughly 24 hours after filing an objection to the U.S. government’s motion to stop the gathering of evidence in a case against Ginnie Mae, Texas Capital Bank (TCB) responded to the government’s... Read more »
Rithm Capital delivers 4M profit in 2023 

Rithm Capital delivers $524M profit in 2023 

New York-based Rithm Capital posted a profit in 2023, a year marked by several acquisitions that turned the company into a leading global asset manager. In the mortgage space, the parent of multichannel lender Newrez... Read more »
Thorofare Capital Lists DTLA Buildings in Foreclosure Sale

Thorofare Capital Lists DTLA Buildings in Foreclosure Sale

Thorofare Capital has launched a foreclosure sale for two historic office buildings in Downtown Los Angeles after Livwrk defaulted on a $17.5 million loan. The El Segundo-based lender has listed for sale... Read more »
Texas Capital Bank shoots back at Ginnie Mae over dismissal motion

Judge sets pretrial deadlines in Texas Capital suit against Ginnie Mae

Should either party in this suit wish for others to join the litigation, such motions must be filed by Feb. 16. More crucially, the magistrate judge has instructed the bank and Ginnie... Read more »
Calmwater Capital, BH Properties Funds San Gabriel Project

Calmwater Capital, BH Properties Funds San Gabriel Project

Calmwater Capital has provided a limited liability company called The One Investments DE with a $32.3 million loan, to help finish construction of an 81-unit project in San Gabriel, according to a... Read more »
Staley Point, Bain Capital Divest Industrial at 75% Premium

Staley Point, Bain Capital Divest Industrial at 75% Premium

Staley Point Capital, a value-add investor focused on industrial properties in Southern California, and Bain Capital Real Estate completed the sale of 18689 Arenth Ave., a newly renovated, 91,000-square-foot industrial asset in City of... Read more »
Staley Point, Bain Capital Divest Industrial at 75% Premium

Advisory Firm to Relocate its Capital Business HQ to Chicago

Healthcare advisory firm Curi Holdings LLC plans to relocate the headquarters for its capital business to Chicago after the company finalized its acquisition of Chicago-based RMB Capital, reported the Chicago Business Journal.... Read more »
Staley Point, Bain Capital Divest Industrial at 75% Premium

MLG Capital Buys Suburban Apartment Complex for $73M

MLG Capital, a Wisconsin-based real estate investor, paid nearly $73 million for Meadows at River Run, a 374-unit complex located at 350 Whitewater Drive in Bolingbrook, Illinois. MLG Capital purchased the property... Read more »
Shekhter’s WS Communities Defaults on Hankey Capital Loan

Shekhter’s WS Communities Defaults on Hankey Capital Loan

WS Communities, the apartment landlord founded by Neil Shekhter, has defaulted on a loan from Hankey Capital tied to a parcel in Santa Monica, The Real Deal has learned.  The firm is... Read more »