University of California to invest $4bn in Blackstone REIT
The Office of the Chief Investment Officer of the Regents of the University of California (UC Investments) and Blackstone have formed a long-term...
Bridge raises $1.3 billion for Opportunity Zones strategy
Bridge Investment Group (“Bridge”) is pleased to announce that it has raised $1.3 billion in its Opportunity Zones strategy, with the significant majority of...
U.S economy grows 1.9% in the third quarter
U.S real gross domestic product (GDP) increased at an annual rate of 1.9 percent in the third quarter of 2019, according to the "advance" estimate...
Lennar forms $4bn single family rental platform
Lennar Corporation has formed a single family rental platform, the Upward America Venture.
The business will initially be capitalized with a total equity commitment of $1.25...
KBS sells Class A office property in Florida
KBS, one of the largest owners of commercial real estate and an SEC-registered investment adviser, has sold Emerald View at Vista Center, a two-building...
MSD Partners to acquire Boca Raton Resort & Club from Blackstone
MSD Partners has entered into a definitive agreement to acquire the Boca Raton Resort & Club from an affiliate of Blackstone.
Boca Raton Resort...
Hines names Adam Hines as co-CEO in planned leadership transition
Hines has announced a planned leadership transition that will see Adam Hines join Laura Hines-Pierce as Co-Chief Executive Officer from January 1, 2027.
Laura Hines-Pierce...
Digital Colony and Wafra announce strategic partnership
Investment of Over $400 million Further Accelerates Colony Capital’s Digital Transformation
Colony Capital, Inc. (NYSE: CLNY) (“Colony Capital” or the “Company”), a leading global investment...
San Francisco Bay Area office campus sold for $115m
Global real estate investment company Kennedy Wilson has acquired Hamilton Landing, a San Francisco Bay Area office campus with seven buildings across 20 acres...
Harrison Street raises $2.5bn for eighth US opportunistic real estate fund
Harrison Street on Tuesday announced the final close of the firm’s eighth U.S. opportunistic real estate fund, Harrison Street Real Estate Partners VIII, L.P.(Fund...
CBRE GI acquires 1.35 msf industrial portfolio in Aberdeen, Maryland
CBRE Global Investors managed fund has acquired a 1,347,800-square-foot industrial portfolio in Aberdeen, Maryland. The purchase price was not disclosed.
Located 40 minutes northeast of...
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...
