Thursday, February 20, 2020

NORTH AMERICA

Cushman & Wakefield acquires Colvill Office Properties in Houston

Cushman & Wakefield (NYSE: CWK) announced that the firm has acquired Colvill Office Properties, a leading provider of office agency leasing services...

Franklin Templeton to acquire Legg Mason for $4.5bn

Franklin Resources, Inc., a global investment management organization operating as Franklin Templeton, has agreed to acquire Legg Mason, Inc. for $4.5 billion...

US construction starts move lower in January

Total construction starts in the U.S slipped 6% from December to January to a seasonally adjusted annual rate of $759.2 billion, according...

Shorenstein sells Class A office towers in Santa Clara, CA

Shorenstein Properties LLC has sold Santa Clara Towers, the 11-story, twin Class A office towers totaling 445,000 square feet located along Highway...

Goodman, CPP Investments commit US$2.5bn of equity to U.S. logistics partnership

Goodman Group and Canada Pension Plan Investment Board (CPP Investments) have committed an additional US$2.5 billion of equity to the Goodman North...

Digital Realty to acquire 49% interest in Westin Building Exchange in Seattle

Digital Realty has signed an agreement with Clise Properties to acquire a 49% ownership interest in the Westin Building Exchange in Seattle,...

UNITED KINGDOM

BauMont buys retail park in Edinburgh with partner Ediston for £65m

BauMont Real Estate Capital (BauMont) has acquired Hermiston Gait Retail Park in Edinburgh with operating partner Ediston Properties from Aberdeen Standard Investments...

UK commercial real estate investment activity reaches £9.7bn in December 2019

UK commercial real estate investment activity rebounded in December and early this year, total transactional activity for January 2020 was not as...

Kennedy Wilson sells Greater London multifamily community for $130m

Global real estate investment company Kennedy Wilson (NYSE: KW) has completed the sale of Pioneer Point, a wholly owned 294-unit multifamily community with 35,000...

Barings sells mixed-use building in London for £71m

Global real estate investment manager Barings has sold 7-10 Waterloo Place, a Grade II-listed mixed-use building in London on behalf of an...

Stanhope buys office building in London from Blackstone

Stanhope Plc has purchased the Building 7, a Grade A office building at Chiswick Park in London from funds managed by Blackstone,...

Hines buys mixed-use scheme in London’s West End

Hines has acquired a mixed-use retail and office scheme in the heart of London’s West End on behalf of the Hines European...

EUROPE

Hines buys mixed-use development in Amsterdam

Hines has acquired Pontkade Phase 3, a mixed-use residential and office development in Amsterdam, within NDSM-West regeneration area, on behalf of the...

MOST POPULAR

ASIA PACIFIC

PropTech firms optimistic about growth of their market, says KPMG survey

Real estate companies are increasing their engagement with digital, with 58 percent stating they have a digital strategy in place, up from...

ESR to build largest logistics facility in Greater Nagoya, Japan

Asia-Pacific focused logistics real estate platform ESR Cayman Limited (ESR) announced that it will invest an estimated JPY27 billion (approximately US$245 million)...

GIC acquires LG Twin Towers in Beijing for $1.15bn

Singapore’s sovereign wealth fund GIC has acquired LG Twin Towers in Beijing from South Korean conglomerate LG Group for over RMB 8...

Frasers Property Retail buys AsiaMalls Management in Singapore

Frasers Property Retail, a retail-focused platform under Frasers Property Singapore, has agreed to acquire property manager AsiaMalls Management Pte. Ltd. (AsiaMalls Management),...

Greystar buys two properties in South Yarra, Melbourne

Greystar Real Estate Partners has acquired two existing office buildings for re-development in the Inner Melbourne market of South Yarra, Australia, on...

KKR-led consortium to sell logistics facility in South Korea

Global investment firm KKR announced that KKR-led consortium will sell BLK Pyeongtaek Logistics Center, a newly developed multi-tenant logistics facility located in...

CRE FINANCE

Commercial real estate lending activity in U.S remains strong in Q4

The Fed’s interest rate reductions, combined with continued economic growth, supported strong commercial real estate lending activity in Q4 2019, according to...

WeWork announces completion of new letter of credit facility

WeWork (“the Company”), the world’s leading co-working and space-as-a-service platform, today announced the closing of its new $1.75 billion senior secured letter...

Gantry buys Norris, Beggs & Simpson’s commercial real estate mortgage banking group

San Francisco-based Gantry, a commercial mortgage banking company, is acquiring Norris, Beggs & Simpson’s commercial real estate mortgage banking group, which includes...

Allianz provides €310m financing for two acquisitions in Spain

Allianz Real Estate has provided financing worth over €310 million on two separate acquisitions in Spain. Over €180 million was provided for...

H.I.G. Realty Partners lends $33.1m on Denver Metro industrial/flex office portfolio

H.I.G. Capital, a leading global private equity investment firm with over $35 billion of equity capital under management, is pleased to announce...

Link Group buys European loan servicing business for €165m

Link Group, listed on the Australian Securities Exchange, has signed an agreement to acquire Pepper European Servicing (PES), the European loan...

REIT

CAREERS

CyrusOne announces CEO transition

CyrusOne Inc. (NASDAQ: CONE), a premier global data center REIT, announced that the Company’s Board of Directors has appointed Tesh Durvasula as...

LATEST ARTICLES

Ventas to launch perpetual life vehicle targeting life science, healthcare real estate

Ventas, Inc. (NYSE: VTR), an S&P 500 company, announced that it has sponsored and formed the Ventas Life Science and Healthcare Real...

CyrusOne announces CEO transition

CyrusOne Inc. (NASDAQ: CONE), a premier global data center REIT, announced that the Company’s Board of Directors has appointed Tesh Durvasula as...

Shyam Gidumal joins WeWork as Chief Operating Officer

WeWork, the world’s leading space-as-a-service platform, announced that it has hired Shyam Gidumal as its Chief Operating Officer, effective immediately. Shyam Gidumal...

BauMont buys retail park in Edinburgh with partner Ediston for £65m

BauMont Real Estate Capital (BauMont) has acquired Hermiston Gait Retail Park in Edinburgh with operating partner Ediston Properties from Aberdeen Standard Investments...

Ventas appoints J. Justin Hutchens Executive Vice President, Senior Housing, North America

Ventas, Inc. (NYSE: VTR) announced that it has appointed J. Justin Hutchens as Executive Vice President, Senior Housing, North America, effective April...

UK supermarket real estate investor buys Sainsbury’s store for £34m

UK supermarket real estate investor Supermarket Income REIT has acquired a Sainsbury's store in Hessle, East Riding from Reassure Limited for £34.0 million (excluding acquisition costs), reflecting a...

UK commercial real estate investment activity reaches £9.7bn in December 2019

UK commercial real estate investment activity rebounded in December and early this year, total transactional activity for January 2020 was not as...

Colliers International, RICS introduce international graduate scheme

Colliers International and RICS introduced the EMEA Graduate Programme, an international graduate scheme. Colliers’ EMEA Graduate Scheme aims to...

Cushman & Wakefield acquires Colvill Office Properties in Houston

Cushman & Wakefield (NYSE: CWK) announced that the firm has acquired Colvill Office Properties, a leading provider of office agency leasing services...

Starwood REIT buys affordable multifamily housing portfolio for $461m

Starwood Real Estate Income Trust (SREIT), a non-traded REIT managed by Starwood Capital Group, has acquired a stabilized affordable multifamily housing portfolio...