Saturday, December 7, 2019

NORTH AMERICA

Caesars completes sale of The Rio in Las Vegas for $516.3M

Caesars Entertainment has completed the previously announced sale of The Rio in Las Vegas to a company affiliated with Dreamscape Companies ("Dreamscape"),...

Dodge Momentum Index increases in November

The Dodge Momentum Index moved 2.9% higher in November to 155.3 (2000=100) from the revised October reading of 150.9. The Momentum Index,...

Japanese Sumitomo buys office building in Phoenix

Tokyo-based Sumitomo Corporation has acquired the Collier Center, an office building in downtown Phoenix, Arizona, through its largest subsidiary Sumitomo Corporation of Americas...

The 10 most expensive streets in Canada

Toronto’s Bay Street is the most expensive street in Canada, according to JLL's Most Expensive Streets Report which reveals the priciest corridors...

WeWork opens monthly record number of new buildings

WeWork, the world’s leading co-working and space-as-a-service platform, reported that it has already opened a record 52 new buildings in cities across...

Four Seasons to open luxury hotel and private residences in New Orleans

Four Seasons Hotels and Resorts, together with developers Carpenter & Company Inc. and Woodward Interests, LLC, will open a luxury hotel and...

UNITED KINGDOM

M&G suspends trading in £2.54bn property fund citing Brexit

M&G Investments (M&G) said on Wednesday it was temporarily suspending dealing in the shares of the M&G Property Portfolio (the Fund) and...

Starwood Capital acquires UK urban industrial portfolio for £200m

Starwood Capital Group has acquired 10 UK urban industrial estates totalling 1.6 million square feet from an institutional client of Barings for...

Sky announces new studio investment at Elstree

Sky has announced it plans to develop a new 32-acre, state-of-the-art TV and film studio at Elstree in Hertfordshire.

St. Modwen sells Swansea student accommodation for £38m

St. Modwen has sold its interests in a purpose-built student accommodation building at Swansea University Bay Campus for a total consideration of £38m....

Knight Frank, Work.Life form JV for flexible workspace platform

Global property adviser Knight Frank has formed a joint venture with flexible office provider Work.Life to launch a new flexible managed workspace...

Construction works begin on site at Swansea Central

Consruction works have started on site at Swansea Central, a core element of the £1 billion transformation of Swansea city centre.

EUROPE

CPI buys Warsaw Financial Center office building

CPI Property Group has acquired the prestigious Warsaw Financial Center(WFC) office building in Warsaw, Poland. CPI Property Group...

MOST POPULAR

ASIA PACIFIC

Hong Kong’s CIC launches first mega construction innovation expo

Hong Kong based Construction Industry Council (CIC) announced the “Construction Innovation Expo 2019” (CIExpo) which will be held from 17 to 20...

Scentre buys stake in Perth shopping centre for A$570M

Scentre Group has acquired a 50% interest in Garden City Booragoon shopping centre, Perth for A$570 million, inclusive of long-term property management,...

GDS buys data center campus in Beijing for US$348M

GDS Holdings, a developer and operator of data centers in China, has agreed to acquire a data center campus in the Shunyi...

City of Adelaide announces partner for $400m redevelopment project

Lord Mayor Sandy Verschoor announced ICD Property as the development partner for the iconic Central Market Arcade, a A$400 million redevelopment project...

Prologis increases investments in China

Global logistics real estate company Prologis, Inc. announced the expansion of its development venture in China which increased its development capacity to more...

Parramatta office property sold for $A105.3M

SC Capital Partners, on behalf of its SCORE+ Fund has exchanged contracts to acquire Two Wentworth Street, an office property in Parramatta,...

CRE FINANCE

European CMBS and commercial real estate face credit risks from economic uncertainty

New CMBS (commercial mortgage-backed securities) issuance in Europe will continue to be backed by moderately leveraged loans in 2020 as recessionary dangers...

Vornado completes $800m refinancing of 650 Madison Avenue

Vornado Realty Trust, a fully-integrated equity real estate investment trust, announced that its 20.1% owned joint venture has completed an $800 million...

PIC invests £195 million in Glasgow

Pension Insurance Corporation plc (“PIC”) has invested £195 million of debt finance in City Property Glasgow, a subsidiary of the Glasgow City...

Credit Suisse Investment Outlook 2020: Resilience after all

''Global economy and risk assets expected to continue to show resilience despite headwinds'' Investors are likely to...

VICI Properties announces closing of private offering of notes

VICI Properties Inc. (NYSE:VICI) (“VICI Properties” or the “Company”) announced that its wholly owned subsidiaries VICI Properties L.P. (the “Operating Partnership”) and...

Paramount completes $1.25bn refinancing of 1633 Broadway in Manhattan

Paramount Completes $1.25 Billion Refinancing of 1633 Broadway Realizing $179 Million of Net Proceeds Paramount Group, Inc. (NYSE: PGRE)...

REIT

Class A industrial asset in Phoenix sold for $31M

JLL Income Property Trust has acquired Chandler Distribution Center, a 211,000 square foot, Class A industrial asset located in the Southeast submarket...

CAREERS

Cromwell appoints CFO Europe

Cromwell Property Group has appointed Nigel Batters as Chief Financial Officer(CFO), Europe, with effect from April 2020. Based in Amsterdam, Nigel will...

LATEST ARTICLES

Hong Kong’s CIC launches first mega construction innovation expo

Hong Kong based Construction Industry Council (CIC) announced the “Construction Innovation Expo 2019” (CIExpo) which will be held from 17 to 20...

Class A industrial asset in Phoenix sold for $31M

JLL Income Property Trust has acquired Chandler Distribution Center, a 211,000 square foot, Class A industrial asset located in the Southeast submarket...

Caesars completes sale of The Rio in Las Vegas for $516.3M

Caesars Entertainment has completed the previously announced sale of The Rio in Las Vegas to a company affiliated with Dreamscape Companies ("Dreamscape"),...

Dodge Momentum Index increases in November

The Dodge Momentum Index moved 2.9% higher in November to 155.3 (2000=100) from the revised October reading of 150.9. The Momentum Index,...

CPI buys Warsaw Financial Center office building

CPI Property Group has acquired the prestigious Warsaw Financial Center(WFC) office building in Warsaw, Poland. CPI Property Group...

PATRIZIA buys European logistics portfolio for €1.2bn

PATRIZIA AG has acquired a pan-European portfolio of 42 logistics assets from BentallGreenOak for around €1.2 billion on behalf of a logistics fund,...

Scentre buys stake in Perth shopping centre for A$570M

Scentre Group has acquired a 50% interest in Garden City Booragoon shopping centre, Perth for A$570 million, inclusive of long-term property management,...

GDS buys data center campus in Beijing for US$348M

GDS Holdings, a developer and operator of data centers in China, has agreed to acquire a data center campus in the Shunyi...

City of Adelaide announces partner for $400m redevelopment project

Lord Mayor Sandy Verschoor announced ICD Property as the development partner for the iconic Central Market Arcade, a A$400 million redevelopment project...

Japanese Sumitomo buys office building in Phoenix

Tokyo-based Sumitomo Corporation has acquired the Collier Center, an office building in downtown Phoenix, Arizona, through its largest subsidiary Sumitomo Corporation of Americas...