Goldman Sachs raises $2.75bn for real estate secondaries fund
Goldman Sachs has raised its second dedicated real estate secondaries fund, Vintage Real Estate Partners II, with approximately $2.75 billion in capital commitments, exceeding...
Amazon announces five new utility-scale solar projects to power global operations in China, Australia,...
The five projects include Amazon’s first renewable energy project in China, second in Australia, second and third in Ohio, and 12th in the Commonwealth of...
U.S. hotel industry reported unprecedented lows during April 2020, says STR
Due to expanded restrictions around the COVID-19 pandemic, the U.S. hotel industry reported unprecedented lows during April 2020, according to data from STR.
In a year-over-year...
Kimco Realty announces partial monetization of its investment in Albertsons Companies, Inc.
Kimco Will Subsequently Maintain a 7.5% Ownership Interest in Albertsons
Company Expects to Receive its Allocable Share of Proceeds
Kimco Realty Corp. (NYSE: KIM),...
Cushman & Wakefield arranges $210m sale of trophy office tower in Chicago
225 West Wacker Drive, a 650,812-Square-Foot Riverfront Office Tower, Is Home to Cushman & Wakefield’s Headquarters
Cushman & Wakefield (NYSE: CWK) announced that the real...
CBRE Group, Inc. rises to #128 on the Fortune 500
CBRE Group, Inc. (NYSE: CBRE) has risen to #128 on the 2020 Fortune 500 list of the largest U.S.-based public companies. The company’s position rose from 2019, when...
Medical Properties Trust collects 96% of May rent and loan payments
Medical Properties Trust, a self-advised real estate investment trust formed in 2003 to acquire and develop net-leased hospital facilities, has collected 96% of May...
IKEA’s shopping malls business plans to enter US retail market
Swedish home furnishings retailer IKEA’s shopping malls business, Ingka Centres, plans to enter the United States retail market in the coming years and is...
JCPenney files for bankruptcy
JCPenney has filed for Chapter 11 bankruptcy on Friday. The 118-year-old company announced it has entered into a restructuring support agreement(RSA) with lenders holding approximately...
Williams-Sonoma extends temporary closure in US and Canada
Williams-Sonoma, a specialty retailer of products for the home, announced that it will extend its temporary closure of U.S. and Canada stores through May...
April retail sales drop nearly twice as much as March during coronavirus pandemic
Retail sales dropped almost twice as much during April as they did in March as the nation’s economy saw its first full month when...
Wells Fargo announces efforts to keep people housed in response to COVID-19
Wells Fargo & Company (NYSE: WFC) today announced additional efforts to help people stay in their homes with funding for more than 500 nonprofits...
