News & Announcements News Releases & Alerts
Shake-out alters lineup of NU and smart growth investment funds
March 2007
The Traditional Neighborhood Development Fund, started in 1997 by new urbanist developers Robert Chapman, Rob Dickson, and Lloyd Zuckerberg, obtained backing from the multi-billion-dollar Hillman Company and from a major shareholder in Goldman Sachs, but was never able to place any significant capital. Full Story.
UpClose with American Ventures’ Philip Blumberg
January 22, 2007
American Ventures Realty Investors, one of the largest commercial real estate investment managers in the U.S., today said it anticipates acquiring $500 million to $1 billion in commercial real estate in 2007. The company said it plans to acquire Class A office properties via acquisitions in the private market or public real estate investment trusts. Full Story.
American Ventures to Step Up Pursuit of Class A Commercial Properties
December 19, 2006
American Ventures Realty Investors, one of the largest commercial real estate investment managers in the U.S., today said it anticipates acquiring $500 million to $1 billion in commercial real estate in 2007. The company said it plans to acquire Class A office properties via acquisitions in the private market or public real estate investment trusts.
Full Story.
American Ventures Sells Coral Gables Office Tower
August 02, 2006
Miami, Aug. 2, 2006 - American Ventures Realty Investors, the largest institutional real estate investment manager in Florida, today announced it has completed the sale of its office tower in Coral Gables, Fla., to RREEF for approximately $60 million, or $272 per square foot. The 220,000 square-foot property at 255 Alhambra Circle had been part of American Ventures' investment portfolio since 1994. Since 2004, American Ventures had owned the property in a joint venture with Investcorp, a global investment group.
Full Story.
American Ventures' Sale of Miami Office Tower Sets Record Transaction Price for Florida Commercial Real Estate
July 10, 2006
MIAMI--July 10, 2006--American Ventures Realty Investors, the largest institutional real estate investment manager in Florida, today announced that its sale of Miami's 1401 Brickell Office Tower set a record transaction price for the Florida Class A office building market. The 188,000 square-foot office building at 1401 Brickell Ave., sold for more than $61 million, or some $325 per net rentable square foot. The acquirer was Testa Inmuebles en Renta, S.A., a major Spanish public real estate company. The complete structure that was sold, including a parking garage, encompasses 393,000 square feet.
Full Story.
American Ventures Closes Sale of Land Parcel to Omni Houston Hotel
July 05, 2006
HOUSTON--July 5, 2006--American Ventures Realty Investors, one of the largest real estate investment managers in the U.S., announced today that it has completed the sale of a land parcel to the Omni Houston Hotel. American Ventures owns and manages Three Riverway Office Tower, which is adjacent to the Omni Hotel and sold the 11,967 square-foot land parcel to facilitate the Omni's potential expansion plans. The transaction price was $400,000, net of closing costs, or $33.43 per square foot.
Full Story.