CAPRE’s Commercial Real Estate Headlines for October 28, 2019

Check out the latest deals and developments in commercial real estate for October 28, 2019: AECOM-Canyon Partners Announce $500 Million USD Fund Close: AECOM-Canyon Partners has announced the final close of its fund. The fund hit its hard cap with just over $500 Million USD in total commitments. AECOM-Canyon Partners is a joint venture between AECOM Capital, the investment adviser of global infrastructure firm AECOM, and Canyon Partners, LLC, a global alternative asset management firm with over $25 billion in assets under management. The partnership represents a unique combination of complementary skill sets in both investment and development. The platform intends to provide joint venture equity across over $4 billion of assets with high quality development partners, primarily targeting "build-to-core" investments in the top 25 U.S. markets across all property types, including multifamily, mixed-use, office, hospitality, industrial, and student housing. In addition to capital, the joint venture partnership is seeking to deliver best-in-class design, construction management, and engineering expertise as well as credit support for its development partners. Bascom Northwest Ventures Acquires 260-Unit Class-A Apartment Community in Denver for $90,500,000 USD: Bascom Northwest Ventures has acquired 1000 South Broadway Apartments, a 260-unit Class-A infill apartment community located in the dynamic city of Denver, Colorado at 1000 South Broadway, Denver, CO. The $90.5 Million USD acquisition ($348,076/unit) closed on October 18, 2019. Terry Daly of Cushman & Wakefield ("CW") arranged the $54.50 million loan with Wells Fargo Bank. The property management…