China’s Evergrande files for bankruptcy protection in US
Chinese real estate giant Evergrande has filed for bankruptcy protection in the US.
China Evergrande Group filed for 'Chapter 15 bankruptcy protection' in a...
MSCI acquires remaining 66% interest in Burgiss for $697m
MSCI has agreed to acquire the remaining 66% of The Burgiss Group for $697 million in cash.
Burgiss is a Hoboken, New Jersey-based provider...
Oxford Capital signs agreement with Union Investment for DC hotel
Oxford Capital Group has signed a new long-term lease and management agreement for the Thompson Washington D.C. with the owner of the property, Germany's Union Investment.
Oxford...
JLL unveils AI model for commercial real estate
JLL has unveiled JLL GPT, the first large language model purpose-built for the commercial real estate (CRE) industry.
Developed by JLL Technologies (JLLT), the...
URW sells Mission Valley shopping centres for $290m
Unibail-Rodamco-Westfield (URW) has completed the sale of both of the parcels which make up the Westfield Mission Valley shopping centres in San Diego, California.
The...
Blackstone to sell self-storage platform for $2.2bn
Blackstone Real Estate Income Trust (BREIT) has agreed to sell Simply Self Storage to Public Storage in the United States for $2.2 billion.
The portfolio...
Carbon pricing rapidly gaining ‘much needed’ traction in real estate, say ULI and PwC
Global real estate leaders surveyed by the Urban Land Institute (ULI) and PwC believe that the potential of carbon pricing to drive decarbonisation in...
Searchlight to acquire Gresham House for £469m
Searchlight Capital Partners, a private equity firm based in the United States, has agreed to acquire UK-based alternative investment manager Gresham House for £469m.
According...
EQT Exeter closes US industrial real estate fund at $4.9bn
Global real estate investment manager EQT Exeter has closed its EQT Exeter Industrial Value Fund VI at $4.9 billion, exceeding the fund’s $4 billion target.
The...
OpenAI to open first international office in London
OpenAI, the US-based artificial intelligence (AI) research company and the ChatGPT developer, has announced its first international expansion with a new office in London,...
SL Green sells stake in NYC building to Japan’s Mori Trust
SL Green Realty has sold a 49.9% interest in 245 Park Avenue in New York City to a U.S. affiliate of Japanese firm Mori...
Prologis to buy industrial portfolio from Blackstone for $3.1bn
Prologis has agreed to acquire nearly 14 million square feet of industrial properties from opportunistic real estate funds affiliated with Blackstone for $3.1 billion in...
