Papa John’s signs deal to open 49 new stores in Philadelphia area
Papa John’s has signed a store development agreement to expand in the Philadelphia area, according to a press release. Under the agreement, HB Restaurant...
U.S. commercial property prices rise 6.5% y-o-y in June
U.S. commercial property prices rose by 6.5% year-on-year in June, industrial sector which prices increased at their fastest rate since the start of 2015,...
Black Creek acquires industrial distribution center in San Diego for $147.5m
Black Creek Group has acquired North County Corporate Center (NCCC), a five-building, 493,898-square-foot, industrial distribution campus in Vista, California from Barings for $147.5 million.
NCCC, the 100%...
CBRE signs $3.5bn sustainability-linked revolving credit facility
CBRE has signed a new five-year revolving credit agreement that increases its revolving credit facility to $3.5 billion from $3.15 billion.
The facility includes incentives...
KBS sells Class A office tower in Tigard, Oregon for $27m
KBS has sold Triangle Corporate Park III, a five-story, 127,504 square-foot Class A office tower in Tigard, Oregon.
The property was purchased by a fund...
Franklin Templeton agrees to acquire majority stake in Stoneshield
Franklin Templeton, through its real estate subsidiary Clarion Partners, has entered into a definitive agreement to acquire a majority stake in European real assets...
Bahrain’s GFH buys $300m US student housing portfolio
Bahrain-based GFH Financial Group has acquired a US$300 million student housing portfolio affiliated to select top-rated universities located in Texas, Michigan and Missouri in...
HBC unveils HBC Properties and Investments
HBC has unveiled HBC Properties and Investments (HBCPI), a dedicated real estate and investments business to manage, maximize and enhance the company’s robust portfolio...
KBS sells Class A office property in Phoenix, Arizona for $103.5m
KBS has sold a 333,014 square-foot Class A office property, Anchor Centre, in Phoenix, Arizona to TerraCap for $103.5 million. The office property was owned by...
US student housing giant expands into UK and Ireland markets
U.S.-based student housing developer Landmark Properties has announced its expansion into the United Kingdom and Ireland.
Landmark is assembling a seasoned UK-based team spearheaded...
WeWork announces SoftBank deal, Adam Neumann to become board observer
SoftBank Group Corp. and WeWork’s parent organization The We Company announced an agreement under which SoftBank commits to provide significant funding to WeWork.
The agreement includes...
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...
