Brookfield Properties to develop Class-A logistics park in Austin, Texas
Global real estate services company Brookfield Properties has added Park 290, a 68-acre development site located in Austin, Texas to its U.S. logistics portfolio.
Located...
Empire State Realty closes $180m loan for Manhattan office property
Empire State Realty Trust has closed on a $180 million mortgage loan for 250 West 57th Street, a 542,000 square foot Manhattan office and retail...
Mapletree Industrial Trust completes acquisition of interest in US data centre portfolio
Mapletree Industrial Trust (MIT), a real estate investment trust (REIT) listed on the Main Board of Singapore Exchange, has completed the acquisition of the remaining...
Mirvac launches $750 million placement
Mirvac has launched a $750 million placement to fund strategic growth initiatives.
Mirvac announced that it would undertake an equity raising comprising of a fully...
URW forms Saudi partnership to launch Westfield-branded destinations
Unibail-Rodamco-Westfield (URW) has signed a landmark strategic and franchising agreement with Cenomi Centers, Saudi Arabia’s foremost shopping centre developer and operator.
The 10-year partnership,...
ICSC supports timely commercial real estate bankruptcy legislation introduced by Sen. Thom Tillis (R-NC)
Today, Sen. Thom Tillis (R-NC) introduced legislation that would make meaningful temporary changes to bankruptcy laws, related to commercial real estate, allowing for...
Goldman Sachs to buy GreenSky for $2.24bn
Goldman Sachs has agreed to acquire GreenSky, the largest fintech platform for home improvement consumer loan originations, in an all-stock transaction valued at approximately...
Goldman Sachs, New Ease JV buys $488m China logistics assets
Warburg Pincus-backed logistics property developer New Ease and Goldman Sachs Asset Management have jointly acquired two collection of logistics real estate projects in gateway...
Fannie Mae predicts Fed to cut rates by 50 bps at its next meeting
The COVID-19 (coronavirus) outbreak and sharp decline in oil prices will likely cause a decrease in U.S economic growth, according to the latest commentary from the...
Singapore’s First Sponsor, ICD Property form JV for Sydney project
A consortium led by Singapore-listed First Sponsor has joined forces with ICD Property to redevelop the iconic City Tattersalls Club project in Sydney, signaling...
QuadReal promotes Jameson Weber to Managing Director, Americas
QuadReal Property Group, a global real estate company headquartered in Vancouver, British Columbia, has appointed Jameson Weber as Managing Director, International Real Estate, Americas.
Jameson...
Ares raises $1.8bn for tenth US value-add real estate fund
Ares Management Corporation has announced the final close of its tenth U.S. value-add real estate fund, Ares U.S. Real Estate Fund X, with $1.8...
