Here are ten of our most popular commercial real estate posts for the month.
TA Realty sells logistics property portfolio for $1.04bn
TA Realty LLC announced that it sold an 8.3 million-square-foot, 96-property logistics portfolio for $1.04 billion to AEW Capital Management and Blackstone on behalf of one of its closed-end value-added funds.
Blackstone closes global real estate fund at $20.5bn
Blackstone announced the final close of its latest global real estate fund, Blackstone Real Estate Partners IX (“BREP IX”). BREP IX has $20.5 billion of total capital commitments, the largest real estate fund ever raised..
Tesco sells mortgage portfolio to Llyods Bank for £3.8bn
Tesco Personal Finance Plc. has sold its mortgage portfolio to Lloyds Banking Group for a cash consideration of c. £3.8bn. Tesco Bank has over 23,000 mortgage customers.
WeWork’s co-founder Adam Neumann steps down as CEO
WeWork’s co-founder and chief executive officer Adam Neumann has stepped down as CEO and will serve as non-executive chairman of the board..
The world’s 10 most and least liveable cities for 2019
Vienna is the most liveable city in the world, just ahead of Melbourne, according to a new report, the Global Liveability Index 2019, by The Economist Intelligence Unit.
Blackstone funds to acquire Canada’s Dream Global for C$6.2bn
Real estate funds managed by Blackstone to acquire Canada’s Dream Global REIT in an all-cash transaction.
Commerz Real announces largest real estate transaction in its history
Commerz Real has acquired the so-called “Millennium Portfolio” in Germany, worth €2bn according to media reports, from Generali Lebensversicherung AG for its open-ended real estate fund Hausinvest.
Google to invest €3 billion in European data centers
Google plans to invest an additional 3 billion euros in data centers across Europe over the next two years.
Commercial real estate investment in Europe reaches 102bn in H1 2019
Rising trade tensions between the US and China caused the slowing of European economic growh more than expected in 2019…
U.S commercial/multifamily originations to hit new record this year
U.S commercial and multifamily mortgage bankers will close a record $652 billion in loans backed by income-producing properties this year, an increase of 14% from last year’s record volume $574 billion..
SEE ALSO : CRE Herald’s top 10 posts in August