Blackstone Strategic Partners raises $2.6bn for eighth real estate secondaries fund
Blackstone’s secondary and fund solutions business Strategic Partners has raised $2.6 billion for its latest real estate secondaries fund.
Blackstone has announced the final close...
Hines buys 1.1 msf industrial campus in Chicago
Hines has purchased the Chicago Prime Portfolio, a two-building, 1.1 million-square-foot industrial campus in Melrose Park, IL, a suburb of Chicago.
The portfolio, located...
Global healthcare sector set to grow despite economic uncertainty
The global healthcare sector remains buoyant and is expected to grow despite a challenging economic outlook, according to global property advisor, Knight Frank.
Investors...
BXP to sell 45% interest in two life sciences properties in Boston to NBIM
Boston Properties (BXP) has agreed to sell a 45% interest in two life sciences development properties located in Kendall Square in Cambridge, Massachusetts, to Norges Bank Investment Management at a...
Demand for rental apartments remains high, says Empira Group
The Empira Group, an investment manager for institutional real estate investments in the DACH region, has completed its quarterly research report on the current...
WeWork files for bankruptcy
WeWork, once the biggest US startup worth $47bn, has filed for bankruptcy in the US.
WeWork and certain of its entities has filed for protection...
Lendlease, Google end development agreements for $15bn Bay Area project
Lendlease and Google have mutually reached an agreement to end the development services agreements of the four master-planned districts in San Jose (Downtown West),...
WeWork plans to file for bankruptcy, WSJ reports
Flexible workspace provider WeWork is planning to file for bankruptcy as early as next week, according to the Wall Street Journal report, citing people familiar with...
Realty Income to buy Spirit Realty Capital in $9.3bn deal
Realty Income Corporation and Spirit Realty Capital have entered into a definitive merger agreement under which Realty Income will acquire Spirit in an all-stock...
PGIM Real Estate provides $415m financing for US industrial portfolio
PGIM Real Estate, on behalf of its core debt strategy, has provided $415 million in fixed-rate financing to an institutional real estate investor on...
CBRE IM acquires student housing property in Tampa
CBRE Investment Management's fund CBRE Strategic Partners U.S. Value 9, through a joint venture with student housing pioneer GMH Communities, has acquired Venue at North Campus, a...
South Korean pension fund invests $100m in 3650 REIT’s lending strategy
South Korea-based public pension fund Public Officials Benefit Association (POBA) has made a $100 million capital commitment to US-based commercial real estate lender...
