Financial Advisor
December 2, 2016
Overview
- On December 29, 2016, CBRE acted as financial advisor to Related Companies on securing a strategic capital partner to develop the next phase of the Grand Avenue Project, a mixed-use development in Downtown Los Angeles
- CCCG Overseas Real Estate Pte. Ltd (CORE) has committed equity capital of approximately $290 million for the joint venture
- The equity investment is a major step forward and part of the joint venture’s larger $1 billion investment in developing Grand Avenue into one of Los Angeles’ most important cultural and tourist destinations
- The development is being designed by world-renowned architect Frank Gehry and will include an Equinox branded hotel, retail, restaurants and residences
Related Sector Experience
BMC Investments
Exclusive Financial Advisor to BMC Investments on the recapitalization of St. Paul Collection in the Cherry Creek North submarket of Denver, Colorado
Chartwell Residential
Exclusive Financial Advisor to Chartwell Residential on the formation of two joint ventures focused on multifamily developments throughout greater Nashville, Tennessee
United Properties
Exclusive Financial Advisor to United Properties on the formation of a programmatic joint venture focused on industrial developments across multiple markets