Canada’s largest pension fund CEO resigns after COVID-19 vaccine travel
Mark Machin, the CEO of Canada's largest pension fund CPP Investments, has resigned due to mounting criticism after it was revealed that he travelled...
Tricon sells 80% interest in $1.3bn US multifamily portfolio
Tricon Residential Inc. is selling 80% interest in its wholly-owned portfolio of 23 U.S. multifamily apartments to two institutional investors in a transaction which...
BentallGreenOak to acquire Metropolitan Real Estate from Carlyle
BentallGreenOak has signed an agreement to acquire Metropolitan Real Estate Equity, LLC (Metropolitan) from global investment firm The Carlyle Group Inc.
Metropolitan Real Estate...
Gap to build new distribution center in Longview, Texas
Gap Inc. announced Wednesday that it will invest $140 million to build a new distribution center in Longview, Texas to reach its future plans...
JLL Income Property Trust buys life sciences building in New Jersey for $47m
JLL Income Property Trust has purchased 170 Park Avenue, a 147,000-square-foot, purpose-built life sciences building in Florham Park, New Jersey for $47 million.
The property...
Morgan Properties, Olayan America buy massive multifamily portfolio for $1.75bn
Morgan Properties and Olayan America have acquired a portfolio of 48 apartment communities and 14,414 units in 11 states for $1.75 billion.
The joint venture...
Marriott appoints Anthony Capuano as new CEO
Marriott International has appointed Anthony Capuano as new chief executive officer (CEO), effective immediately.
Prior to this appointment, Anthony Capuano, 55, was previously group president,...
Michelin-leased distribution facility in Chicago sells for $135m
Bahrain-based investment firm GFH Financial Group has acquired a distribution facility in Chicago, Illinois for US$135 million.
The real estate asset has been leased since...
Hines Global buys second asset in Santa Clara
Hines Global Income Trust, Inc. has acquired a single-tenant office, research and development building at 5301 Patrick Henry Drive in Santa Clara, California.
This one-story,...
CBRE invests $200m in flexible workplace firm Industrious
CBRE Group, Inc. has acquired a 35 percent interest in Industrious, a provider of flexible workplace solutions in the U.S.
CBRE said it is...
Acore raises $1bn to provide rescue capital to hotels
Commercial real estate finance company Acore Capital has raised $1 billion to provide rescue capital to North American hotel operators.
The company has launched Acore...
Artemis acquires 10-property medical office portfolio
Artemis Real Estate Partners has purchased a 10-property, Class A medical office portfolio totaling 270,831 square feet in seven states across the U.S.
The medical...
