Union Investment offloads hotel complex in Charleston
Germany-based real estate company Union Investment has sold the Hyatt House/Hyatt Place hotel complex in Charleston, South Carolina, to the US investment platform Highline...
Harrison Street divests student housing portfolio in $893m deal
Harrison Street has announced the sale of a student housing portfolio valued at $893 million.
The sale includes 14 properties with a total of...
Blackstone bets big on grocery-anchored retail with $4bn acquisition
Blackstone Real Estate Partners X, a fund managed by Blackstone, has entered into a definitive agreement to acquire all outstanding shares of Retail Opportunity...
NBIM acquires interest in $222m San Francisco office property
Norges Bank Investment Management has acquired a 97.7% ownership interest in a prime office property at 2882-2884 Sand Hill Road in Menlo Park, part...
Global prime office rent and fit-out costs rise in Q3, says Savills
Rents for prime office spaces rose by 0.2%, and fit-out costs increased by 0.3% in Q3 2024, bringing the year-on-year growth in net effective...
US commercial property prices fall in September
US commercial property prices declined in September, with the RCA CPPI National All-Property Index showing a 1.9% year-over-year decrease and a 0.3% dip from...
L&G partners with Taurus, pledges $200m for US real estate expansion
British multinational financial services and asset management company Legal & General (L&G) has announced a strategic investment in Taurus Investment Holdings, a Boston-based real estate...
Global commercial real estate investment to hit $747bn by year-end
Savills, the international real estate advisor, has forecast that investment in the world’s 16 major commercial real estate (CRE) markets is expected to reach...
Global prime warehousing costs rise 1.7% in H1 2024
Global prime warehousing costs rose by 1.7% in the first half of 2024, bringing the average cost to $12.05 per square foot, according to...
Azora buys mixed-use office building in Boston for $101m
Azora, a global investment firm headquartered in Madrid, Spain, has purchased a mixed-use office building located at 149 Newbury Street in Boston for $101...
Brookfield makes £557m cash offer to acquire Tritax EuroBox
Tritax EuroBox plc and Titanium Ruth Bidco Limited (Bidco), a company indirectly owned by one of Brookfield’s real estate private funds, have reached an...
Ares expands global real estate platform with acquisition of GCP International
Ares Management Corporation has agreed to acquire the international business of GLP Capital Partners (GCP International) and certain affiliates, excluding its operations in Greater...
