Here are CRE Herald’s most popular commercial real estate(CRE) posts for the month.
U.S commercial real estate market to continue to grow in 2020, says CBRE
The U.S. economy will continue its long expansion in 2020, supporting the solid fundamentals of the commercial real estate market, according to CBRE’s forecast in its 2020 Real Estate Market Outlook report.
Capital One appoints new head of commercial real estate
Capital One announced that Jamie Henderson will join as Executive Vice President and Head of Commercial Real Estate starting in January 2020.
USAA to sell controlling interest in real estate investment arm
The United Services Automobile Association (USAA), a financial services provider for U.S military community and their families, headquartered in San Antonio, Texas, announced Thursday that it has agreed to sell a controlling interest in USAA Real Estate (USAARE) to the current management of USAARE and a private investment group.
Brookfield announces new $950m mixed-use development in New York
Brookfield Properties has announced a new $950 million, 4.3 acre mixed-use development, named as Bankside, located along the waterfront in the South Bronx’s Mott Haven neighborhood.
Mothercare to appoint administrators for UK business
Baby goods retailer Mothercare has filed a notice of intent to appoint administrators to the company’s active trading subsidiary, Mothercare UK and Mothercare Business Services Limited which provides certain services to Mothercare UK, putting 2,500 jobs at risk.
Countrywide sells LSH to US commercial real estate firm
UK’s property services group Countrywide has sold its non-core UK commercial real estate consultancy and transactional business, Lambert Smith Hampton (LSH), to John Bengt Moeller for £38 million.
Singapore’s GIC acquires landmark office building in Beijing
GIC, Singapore’s sovereign wealth fund, has acquired a 50% stake in an office building in Lize Financial Business District (LFBD), an emerging central business district in Beijing. Following this acquisition, the building will be wholly owned by GIC.
Japanese firm buys US commercial real estate lender
Tokyo-based financial services firm ORIX Corporation announced that its group company in the U.S., ORIX Corporation USA (OCU), has signed an agreement to acquire all the outstanding shares of U.S.-based commercial real estate lender Hunt Real Estate Capital (HREC).
CBRE buys UK real estate debt platform Laxfield Capital
CBRE has acquired Laxfield Capital, a real estate debt investment business with £818 million of assets under management in the United Kingdom.
Ascendas REIT to buy business parks in US and Singapore for $1.2bn
Ascendas Real Estate Investment Trust (Ascendas Reit) has announced the proposed acquisitions of a portfolio of 28 business park properties located in the United States and two business park properties located in Singapore for S$1.66 billion ($1.22 billion) from its controlling unit holder CapitaLand Ltd.