Seattle-based Columbia Pacific has closed its second round of financing for Columbia Asia, the money management firm’s hospital consortium, adding $135 million to bring the fund’s total amount of equity raised to $325 million. Columbia Asia develops and operates hospitals in Asia, having made its debut in 1994 with the opening of a property in [...]

NTS Realty Holdings L,P, has announced an agreement to purchase Courtney Estates in Raleigh, N.C., from Courtney Estates Holdings L.L.C. for a price of $39 million. NTS will conduct due diligence on the property by Sept. 26 and must close on the purchase by Oct. 26 if satisfied with the results. The firm will fund [...]

For most of the country, this will be a long weekend, but for residents of the Gulf Coast and New Orleans in particular, it will be a long wait. As of shortly after noon Eastern time today, Tropical Storm Gustav was just off Jamaica and heading almost due northwest, its most likely path, [...]

Whether Fannie Mae and Freddie Mac will stave off rescue by the federal government remains to be seen, but the beleaguered mortgage companies are taking steps that they hope will restore investor confidence. A management shakeup announced Wednesday will bring new executives to three top roles at Fannie Mae. Who’s out: Stephen Swad, the [...]

The Olympics may be over in China, but the exciting events haven’t stopped there. The highest publicly accessible built space (pictured), part of the tallest building in the world—the 101-floor, 1,614-foot Shanghai World Financial Center, has now opened.The Sky Walk occupies the buildings 94th through 100th floors of the Kohn Pedersen Fox Associates-designed building, which [...]

Top CEOs understand the power, influence, and leverage created by great messaging. Do you ever find yourself sitting back and marveling at those chief executives who always seem to have the right thing to say? Contrast this with the feelings you have when you hear an awful sound-bite that makes a CEO look either uninformed [...]

Schuff Steel Co. has topped out the new conference center that is part of the L.A. Live development in Los Angeles. The 27-acre development (pictured) began with the construction of the Staples Center where the Lakers play, in 2002. L.A. Live is a sprawling mix-use development that also includes [...]

Less than a week after Simon Property Group acquired a 3.14 percent stake in U.K. retail property firm Liberty International, Australia-based Westfield Group has stepped up to take a 2.96 percent interest in Liberty. Liberty International is a market leader in the United Kingdom in regard to regional shopping centers and is the owner [...]

Redevelopment of the site that was once home to the Borscht Belt’s legendary Concord Hotel, in Kiamesha Lake, N.Y., has taken two major steps forward. In one, Concord Associates L.P., joint venture partner of Empire Resorts Inc., has completed a $225 million equity loan financing with Entertainment Properties Trust, a REIT based in Kansas City. [...]

Clark Construction Group-California has commenced work on University Gateway, a 421-unit mixed-use student housing development in Los Angeles, just across from the University of Southern California. Operating under a $134 million contract, Clark is building the project on behalf of Urban Partners L.L.C., which, along with equity associates Real Estate Capital Partners and Blackstone Real [...]