Former AEW Capital exec’s new firm plans live-work complex in South LA

AEW Capital Management just sold a Class A office tower in West Palm Beach to a joint venture between a Dallas-based private equity real estate manager and CREC for $42.3 million, The Real Deal has learned. Velocis and CREC acquired the 218,500-square-foot, One Clearlake Centre "at a significant discount to replacement cost," Mike Lewis, principal of the Texas firm, said in a press release.

Previous to New York Reit, Ms. Silverstein was executive vice president and Co-Head of Acquisitions and Capital Markets for Vornado Realty Trust (NYSE:VNO), one of the largest owners of commercial real estate in the United States, from 1998 to 2015.

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The Willis Tower (colloquial: Sears Tower, its name for 36 years) is a 110-story, 1,450-foot (442.1 m) skyscraper in Chicago, Illinois. At completion in 1973, it surpassed the World Trade Center in New York to become the tallest building in the world, a title it held for nearly 25 years; it was the tallest building in the Western Hemisphere for 41 years, until the new One World Trade Center.

The transit-friendly, mixed-use multifamily community is being developed as part of a joint venture with AEW Capital Management (AEW), a leading real estate investment advisor and the original land owners represented by Green City Development. AEW is developing the property on behalf of one of its institutional clients.

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A real estate investment firm founded by a former AEW Capital Management executive has set its sights on South Los Angeles. Former AEW Capital exec’s new firm plans live-work complex in South LA.

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Former AEW Capital exec’s new firm plans live-work complex in South LA Former AEW Capital exec’s new firm plans live-work complex in South LA Spring home sales to get boost from falling mortgage rates, rising inventory Recent Posts Onni inks lease with WeWork after closing on massive wilshire courtyard purchase july 16, 2019