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Stay up to date with the latest US and Canada commercial real estate market news, investment insights, and market trends. Your trusted resource for comprehensive coverage, ensuring informed decisions and success in the dynamic landscape of American commercial properties.

Vonovia to sell residential portfolio stake to Apollo for €1bn

Vonovia to sell residential portfolio stake to Apollo for €1bn

European private residential real estate company Vonovia, headquartered in Germany, has agreed to sell an almost 30 percent stake in its Südewo residential portfolio...
Vornado, Hudson Pacific, Blackstone to invest $350m in Manhattan studio campus

Vornado, Hudson Pacific, Blackstone to invest $350m in Manhattan studio campus project

Vornado Realty Trust, Hudson Pacific Properties, Blackstone, the City of New York, and New York City Economic Development Corporation (NYCEDC) have entered into Manhattan’s...
SL Green sells 625 Madison Avenue in New York for $633m

SL Green sells 625 Madison Avenue in New York for $633m

SL Green Realty, together with its partners, has agreed to sell the fee ownership interest in 625 Madison Avenue for $632.5 million, or $1,123 per square foot, to...
London's iconic BT Tower sold to US hotel group for £275m

London’s iconic BT Tower sold to US hotel group for £275m

BT Group has agreed to sell the iconic BT Tower in London to US hotel group MCR Hotels for £275m. MCR Hotels intends to...
Virginia commercial real estate

CIM Group acquires hotel in Alexandria, Virginia

CIM Group has acquired the 254-room Crowne Plaza Hotel in Alexandria, Virginia with Carr Companies.The 12-story hotel is located at 901 N. Fairfax...
S&P MidCap 400 Index

PS Business Parks announces addition to the S&P MidCap 400 Index

PS Business Parks, Inc., a real estate investment trust (“REIT”) that acquires, develops, owns and operates commercial properties, primarily multi-tenant industrial, flex and office...
New York city office space

Madison Realty Capital moves headquarters to 520 Madison Avenue

Madison Realty Capital has moved its New York City headquarters to a larger and more modern space located at 520 Madison Avenue, according to...

U.S. office asking rents rise 0.4% in May

U.S. office asking rents rose by 0.4% in May over the previous three-month period, to $36.33, according to Yardi Matrix National Office Report. The...
CIM Group to build mixed-use project in Miami

CIM Group to build mixed-use project in Miami

CIM Group has begun construction of a mixed-use development on a 1.78-acre site at 2201 N Miami Avenue in the Wynwood district of Miami,...
Spirit Airlines to build new global headquarters in Florida

Spirit Airlines to build new global headquarters in Florida

Spirit Airlines will build a new global headquarters in Dania Beach, Florida. The company plans to move into the new campus by mid-2022. The...

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