Dream appoints new CFO
Dream Unlimited Corp. (Dream), a developer of office and residential assets in Toronto, has appointed Deborah Starkman as new Chief Financial Officer (CFO) effective...
Wells Fargo invests in industrial logistics via Elion Partners
Wells Fargo Real Estate Merchant Bank Makes Equity Commitment to Elion-sponsored Investment Vehicle
Elion Partners (“Elion”), a real estate investment firm, today announced an equity...
Office building in Northern Virginia sold for $90m
Clarion Partners, LLC has sold 3150 Fairview Park Drive, a 257,489-square-foot, trophy office building in Falls Church, Virginia to funds managed by U.S.-based Apollo...
KKR buys two industrial distribution properties in Texas for $171m
KKR announced that it has purchased two industrial distribution properties in Texas totaling approximately 1.8 million square feet from Hines which developed the assets for $171 million.
The...
Korea’s NPS awards Russell Investments $1bn global listed real estate mandate
South Korea’s public pension fund National Pension Service (NPS) has awarded a US$1 billion global listed real estate mandate to Russell Investments, the global...
Realterm, J.P. Morgan acquire 1.75 msf logistics portfolio in US
Realterm and J.P. Morgan Asset Management have acquired a 1.75 million-square-foot, highly functional high flow-through (HFT) logistics portfolio in the United States.
The portfolio was...
Latch to merge with Tishman Speyer-backed SPAC to go public
Latch Inc., a maker of smart locks and building-management software, and TS Innovation Acquisitions Corp., a special purpose acquisition company (SPAC) sponsored by global real...
Marriott CEO Arne Sorenson dies at age 62
Arne Sorenson, the president and chief executive officer of Marriott International Inc., has passed away on February 15, 2021 at the age of 62.
In May...
AllianceBernstein raises $900m for US commercial real estate debt fund
Global investment management firm AllianceBernstein(AB) has completed the first closing of its fourth US Commercial Real Estate Debt fund (CRED IV) with nearly $900m...
Granite REIT buys 1 msf distribution facility in Atlanta for $69m
Canadian-based REIT Granite has acquired 3090 State Highway 42, a 1 million square foot warehouse distribution facility situated on 85.6 acres in the greater...
Commercial real estate forecast: Urban multifamily properties will rebound in 2021
Moody’s Analytics today announced new forecasts for commercial real estate (CRE) rents and vacancies covering eight property types and more than 3,000 submarkets across...
W. P. Carey invests $137m in three industrial properties
W. P. Carey Inc. has invested $137 million in three industrial properties, covering approximately two million square feet.
W. P. Carey said the investments...
