CRE Herald’s top 10 posts in July

Here are ten of our most popular articles for the month.

Lendlease signs $15bn deal to develop Google’s Bay Area projects

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 acquires two office buildings for $1.2bn in Seattle

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.

Prologis acquires Black Creek Group’s IPT for $4bn

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 Avoe confirms takeover talks with Brookfield

Australia’s retirement community operator and manager Aveo Group has released a statement about media speculaitons regarding takeover by Brookfield Property Group.

AXA IM-Real Assets acquires NYSE listed NorthStar Realty Europe

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.

KBS REIT sells Class A office portfolio for $1.2bn

KBS Real Estate Investment Trust III, Inc. has sold 11 of its Class A office properties, totaling 3.4 million rentable square feet of Class A office space, for $1.2 billion..

U.S. commercial property prices rise 6.5% y-o-y in June

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.

Federal Reserve cuts interest rate by quarter point

The US Federal Reserve cut its key benchmark interest rate by a quarter point to a range of 2%-2.25% on Wednesday.

Eurozone GDP up 0.2% in Q2 2019

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.

WeWork launches $2.9bn real estate investment platform

The We Company, WeWork’s parent firm, has launched ARK, its a new $2.9 billion global real estate acquisition and management platform.