Oak Hill Advisors Announces Appointment Of Matt Borstein To Lead The Firm’s Real Estate Investment Activities

Press release content from PR Newswire. The AP news staff was not involved in its creation.

NEW YORK and LONDON, Oct. 22, 2020 /PRNewswire/ — Oak Hill Advisors, L.P. (“OHA”) today announced that Matt Borstein, formerly Global Head of Commercial Real Estate at Deutsche Bank, will join the firm as Partner and lead OHA’s expansion of its real estate investment activities. Mr. Borstein will bring his deep management experience and wide-ranging expertise to build out OHA’s real estate-focused investment team and deploy capital across a range of real estate opportunities including loans, securities and hard assets.

Glenn August, Founder & Chief Executive Officer of OHA, said: “We are excited to welcome Matt into our organization and look forward to benefiting from his exceptional network of relationships, deep insights into evaluating real estate markets and strong track record of performance. We believe there is an extraordinary opportunity

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Parlor Floor Duplex With Wood Burning Fireplace in Cobble Hill Greek Revival Asks $1.6 Million

This apartment in an 1840s row house Cobble Hill offers two floors of space as well as a stylish reno. Just a block away from the shops and amenities of Court Street, 314 Clinton Street is located in the Cobble Hill Historic District.

The Greek Revival brick row house dates to circa 1841-1842 and was expanded in the 1880s, according to the designation report. The historic tax photo shows the Neo-Grec style cornice and door surround as well as the two-story extension on Kane Street that were added at the time. The alterations were done when it served as the residence of prominent citizen Dr. John Byrne. The two-story extension apparently served as the doctor’s office.


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The five-unit co-op building now sports a brownstone Greek Revival door surround, an alteration made

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International investor takes large property in Cedar Hill

A Canada-based land investor and developer has snapped up 400 acres in Cedar Hill southwest of Dallas

Walton Group Holdings Ltd, a real estate investment and land asset management company with almost $3.39 billion in holdings in North America, has purchased 400 acres on Lake Ridge Parkway near Joe Pool Lake.

The property is planned for 1,100 single-family homes and is west of U.S. Highway 67.

Walton said it’s identified a “top builder” that will take the majority of the land. And the firm is in negotiations for sales of other parts of the property to rental home and senior housing developers.

“We are excited to work with this national homebuilder on moving the Cedar Hill development forward to create additional residential options in this dynamic market area,” Brad Wiley, Senior Land Acquisition Manager with Walton, said in a statement.

Vanguard Real Estate Advisors brokered transaction.

Walton has other properties

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Fire on Sign Hill in South San Francisco threatens homes, triggers evacuations

A four-alarm wildfire that broke out in the San Bruno Mountains of South San Francisco on Friday afternoon, triggering evacuations, was contained after 2 p.m.

“Fire crews continue to work of full extinguishment,” the South San Francisco Fire Department shared on Twitter. “Evacuation orders are still happening, please continue to stay out of the area.”

Mandatory evacuations are in effect for Carnelian Road, Sonja Road, Mountain Road, Ridgeview Court and Viewmont Terrace. A temporary evacuation center is set up at the MSB Social Hall at 33 Arroyo Dr.

Flames burned across a landscape of parched grass near the giant white cement letters spelling out “South San Francisco Industrial City” on Sign Hill. The blaze broke out around noon and emitted a massive plume of smoke. Easterly winds blew the smoke toward the coast and air quality levels in Pacifica quickly deteriorated.

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City committee approves sale of Cortez Hill shelter for future affordable housing

SAN DIEGO (CNS) – A San Diego City Council committee signed off Thursday on the proposed sale of a vacant city-owned property on Cortez Hill to a nonprofit agency for less than $12,000 to create more than 100 units of affordable housing.

The .4-acre property at 1449 Ninth Ave. was most recently the site of the now-vacant Cortez Hill Family Center, which housed homeless families.

The City Council’s Land Use and Housing Committee unanimously approved the proposal to sell the property for $11,593 to Community Housing Works, which develops, rehabilitates, preserves and operates affordable apartment communities in San Diego and throughout the state.

The sale will now move to the full City Council for consideration.

According to a staff report, the low price is justified because “the property sale furthers the public purpose of providing low-income rental housing for 55 years, the number of affordable housing units will be increased,

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Chapel Hill movie theater for sale. Here’s what the pending owner plans for the site.

One of Chapel Hill’s last chain movie theaters might not reopen post-COVID if a Cary developer moves ahead with plans for a new medical office.

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Regal Timberlyne, which opened in 1993, is one of 18 Regal Theatre locations in North Carolina. Other Triangle locations are in Raleigh, Cary, Garner and Apex.

The six-screen, 1,350-seat theater, located at 120 Banks Drive near the Timberlyne shopping center, closed in March when the state shut down to stem COVID-19 infections. The state has not yet lifted its restrictions on movie theaters.

Online postings show Foundry Commercial had listed the theater property for sale in January. Cary-based Parkway Holdings Phase 2 LLC plans to close on the property in December, so it’s unlikely the theater will reopen, Parkway Holdings manager Eli Zablud said.

Regal Theatre officials did not return a phone call seeking comment.

Parkway Holdings representative, TMTLA Associates, submitted a concept

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