CRE Herald’s top 10 commercial real estate posts in October

CRE Herald’s top 10 commercial real estate posts in October

Here are our most popular commercial real estate posts for the month.

Trump’s company intends to sell its flagship Washington D.C. hotel

US President Donald Trump’s company The Trump Organization intends to sell its flagship Washington D.C. hotel, the Trump International Hotel, which opened in late 2016 just before Trump was elected.

America’s richest real estate barons

Irvine Company Chairman Donald Bren is the richest real estate baron in America, with an estimated net worth of $17 billion, nearly six times President Donald Trump’s fortune.

Spirit Airlines to build new global headquarters in Florida

Spirit Airlines will build a new global headquarters in Dania Beach, Florida. The company plans to move into the new campus by mid-2022.

Prologis to acquire Liberty Property Trust for $12.6bn

Prologis, Inc., the global logistics real estate company, has agreed to acquire Liberty Property Trust in an all-stock transaction, valued at approximately $12.6 billion, including the assumption of debt.

WeWork announces SoftBank deal, Adam Neumann to become board observer

SoftBank Group Corp. and WeWork’s parent organization The We Company announced an agreement under which SoftBank commits to provide significant funding to WeWork.

Empire State Building announces new 102nd floor observatory

The Empire State Building announced the third phase of its top-to-bottom reimagined observatory experience, the newly renovated 102nd floor observatory.

AECOM to sell its Management Services business for $2.4bn

Global infrastructure firm AECOM announced that it has entered into a definitive agreement for the sale of its Management Services (MS) business to affiliates of American Securities LLC and Lindsay Goldberg for $2.405 billion.

UK commercial property market in downturn phase, says RICS survey

Brexit uncertainty is contributing to perceptions that the UK Commercial Property Market is in the downturn phase of the property cycle, according to the Q3 2019 RICS UK Commercial Property Market Survey.

Blackstone to acquire Bellagio from MGM Resorts for $4.25bn

Blackstone Real Estate Income Trust(BREIT) and MGM Resorts International will form a 95%/5% BREIT-led joint venture to acquire the real estate assets of the Bellagio casino in Las Vegas for $4.25 billion in a sale and leaseback transaction, said Blackstone on Tuesday.

Social unrest in Hong Kong negatively affects investment activity

The U.S.-China trade conflict and social unrest in Hong Kong continued to dampen real estate investment activity in Q3 2019, according to the CBRE Hong Kong Q319 MarketView report.

READ ALSO : CRE Herald’s top 10 commercial real estate posts in September

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