Blumberg Capital Partners was recently featured in a special report on TheStreet.com. Middle Easterners Ready to Pounce on U.S. Media
An excerpt:
Middle Eastern investors are interested in more than just plowing money into U.S. financial firms such as Citigroup. They’re looking to break into the U.S. media arena, normally the domain of heavy hitters including Rupert Murdoch.
Commercial real estate investment firm Blumberg Capital Partners is planning to launch its first fund to invest in U.S. media companies, and its investor base will consist of Middle East-based entities, TheStreet.com has learned.
The fund, for which CEO Philip Blumberg says there is interest amounting to at least $500 million, would target newspapers as well as Hollywood movie studios, online media outfits, broadcast news and possibly radio businesses. Including the use of leverage, the fund will have buying power of approximately 0.5 billion and could kick off by the second quarter next year, Blumberg says.
From the Tampa Bay Business Journal: Westshore Office Building To See Investment
An excerpt:
Blumberg Capital Partners, based in Coral Gables, is one of Florida's largest institutional real estate investment managers. Blumberg Office Properties, the commercial real estate arm of Blumberg Capital, has owned and managed the property at 550 Reo St., Tampa, for nearly a decade, a release said.
There will be roughly $1 million dollars in improvements, a spokesman said.
This is right time to invest in the property as a part of its national real estate holdings to offer five-star services to our tenants, said Philip Blumberg, chief executive officer of Blumberg Capital Partners, in a release.
Check out the new sites we've launched for Blumberg Capital Partners:
A recent announcement from Blumberg Capital Partners regarding the upgrade of its properties was featured on Marketwire. Philip Blumberg and Blumberg Capital Partners Unveil Multi-Million Dollar Project to Upgrade Houston and Tampa Commercial Properties
An excerpt:
Blumberg Capital Partners, one of the largest real estate investment managers in the U.S., today announced plans to invest in upgrades to its commercial properties in Houston, Tex., and Tampa, Fla. The initiative includes a $6 million project to invest in new services and tenant amenities at Houston's Three Riverway Office property over the next 18 months. Blumberg Office Properties, the commercial real estate arm of Blumberg Capital Partners, has owned and managed Three Riverway Office Tower since 2000.
"The investment program illustrates Three Riverway's prominence in our U.S. commercial real estate portfolio," said Philip Blumberg, CEO of Blumberg Capital Partners. "Houston's Galleria Area is premium real estate, and Houston is one of the fastest-growing metropolitan areas in the country."
Blumberg said the investment program will include upgrades to the Tower's fitness center and conference rooms, as well as a complete overhaul of the property's lighting system to boost energy efficiency. Wireless Internet access technology also will be available in common areas. In addition, common area corridors will be redesigned and upgraded. The investment also will include significant landscape work and improvements to property roadways.
An announcement from Blumberg Capital Partners was recently featured in the Marketwire. Philip Blumberg and Blumberg Capital Partners Unveil Multi-Million Dollar Project to Upgrade Houston and Tampa Commercial Properties
An excerpt:
Blumberg Capital Partners, one of the largest real estate investment managers in the U.S., today announced plans to invest in upgrades to its commercial properties in Houston, Tex., and Tampa, Fla. The initiative includes a $6 million project to invest in new services and tenant amenities at Houston's Three Riverway Office property over the next 18 months. Blumberg Office Properties, the commercial real estate arm of Blumberg Capital Partners, has owned and managed Three Riverway Office Tower since 2000.
"The investment program illustrates Three Riverway's prominence in our U.S. commercial real estate portfolio," said Philip Blumberg, CEO of Blumberg Capital Partners. "Houston's Galleria Area is premium real estate, and Houston is one of the fastest-growing metropolitan areas in the country."
Blumberg said the investment program will include upgrades to the Tower's fitness center and conference rooms, as well as a complete overhaul of the property's lighting system to boost energy efficiency. Wireless Internet access technology also will be available in common areas. In addition, common area corridors will be redesigned and upgraded. The investment also will include significant landscape work and improvements to property roadways.
The second episode of the Philip Blumberg Five podcast has been posted, you can listen to it and get show notes at the podcast blog.
Some of the content from the new Philip Blumberg Five podcast is available as video uploaded to YouTube.
Here's the first video:
