Here are CRE Herald’s most popular commercial real estate(CRE) posts for the month.
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 announced that Jamie Henderson will join as Executive Vice President and Head of Commercial Real Estate starting in January 2020.
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 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.
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.
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.
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.
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 has acquired Laxfield Capital, a real estate debt investment business with £818 million of assets under management in the United Kingdom.
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.