Here are ten of our most popular articles for the month.
Lendlease, a global property and infrastructure group, headquartered in Sydney and listed on the Australian Securities Exchange, has signed a deal worth US$15 billion (approx. AUD$20 billion) with Google to develop a new mixed-use neighbourhoods in the San Francisco Bay Area in California.
Blackstone‘s EQ Office, the U.S. office portfolio operating company, has acquired two office buildings in Seattle, U.S. Bank Centre and 999 Third Avenue, for reportedly $1.2 billion. This acquisitons increase EQ’s investment to 3.1 million rentable square feet of the Class A office market in Seattle.
Global logistics real estate company Prologis Inc. has signed a definitive merger agreement to acquire the wholly-owned real estate assets of Industrial Property Trust Inc. (IPT), Denver-based Black Creek Group’s industrial real estate investment platform, for approximately $3.99 billion in a cash transaction, including the assumption and repayment of debt.
Australia’s retirement community operator and manager Aveo Group has released a statement about media speculaitons regarding takeover by Brookfield Property Group.
AXA Investment Managers – Real Assets has signed an agreement to acquire, as part of a core strategy on behalf of a client, the entire issued share capital of NorthStar Realty Europe Corp., a NYSE listed real estate investment trust, which owns a portfolio of 12 office properties and two hotel assets with a combined value at €1.1 billion located in key European cities within Germany, the United Kingdom and France.
U.S. commercial property prices rose by 6.5% year-on-year in June, industrial sector which prices increased at their fastest rate since the start of 2015, led U.S. price growth again this month.
The US Federal Reserve cut its key benchmark interest rate by a quarter point to a range of 2%-2.25% on Wednesday.
Seasonally adjusted GDP rose by 0.2% in both the euro area (EA19) and the EU28 during the second quarter of 2019, compared with the previous quarter, according to a preliminary flash estimate published by Eurostat, the statistical office of the European Union.
The We Company, WeWork’s parent firm, has launched ARK, its a new $2.9 billion global real estate acquisition and management platform.