Brookfield commits €20bn to AI and data center expansion in France
Brookfield Asset Management has announced a landmark €20 billion investment program to accelerate artificial intelligence (AI) infrastructure development in France.
The commitment, unveiled at...
BGO launches European hyperscale data center platform
Global real estate investment management firm BGO has announced the launch of BGO DataCenters, a new investment and development platform dedicated to delivering sustainable,...
ACS, Global Infrastructure Partners form €2bn global data center joint venture
ACS Group has signed an agreement with Global Infrastructure Partners (GIP), part of BlackRock, to establish a 50:50 joint venture aimed at developing and...
Federated Hermes completes $331m acquisition of US real estate manager
Federated Hermes has completed the acquisition of an 80% stake in US real estate investment manager FCP, advancing its push into private markets and...
Newmark CEO Barry Gosin to step down at year-end
Newmark Group has announced that Barry Gosin will step down as chief executive officer at the end of 2026 after nearly five decades in...
Detroit commercial real estate values increase 35 percent in 2018
Detroit's commercial real estate values increased by 35 percent in 2018 compared to last year after the city completed its first citywide reassessment of...
U.S commercial and multifamily mortgage delinquencies remain low
According to the Mortgage Bankers Association's (MBA) latest Commercial/Multifamily Delinquency Report, commercial and multifamily mortgage delinquencies remained at a low rate in the final...
Clarion Partners acquires majority stake in Gramercy Europe
US real estate giant Clarion Partners, LLC, US real estate investment management business with $50 billion of assets under management, announced that it has...
Starwood Capital to develop mixed-use opportunity zone project in New York City
Starwood Capital Group announced that an affiliate has reached an agreement to develop a 147,000 square-foot mixed-use facility in a designated Opportunity Zone in the Bronx,...
WeWork signs lease at Hines’ 609 Main at Texas in Houston
WeWork has signed a lease for 56,000-square-foot of office space at 609 Main at Texas in Houston.
609 Main at Texas which is developed...
HBC to sell Lord + Taylor for $100M
Canadian retail business group Hudson' Bay Company (HBC) announced on Wednesday that it has agreed to sell its Lord + Taylor department store business to...
WeWork announces SoftBank deal, Adam Neumann to become board observer
SoftBank Group Corp. and WeWork’s parent organization The We Company announced an agreement under which SoftBank commits to provide significant funding to WeWork.
The agreement includes...
