PREIT files for Chapter 11 petition to execute financial restructuring plan
Mall owner PREIT, owns and operates over 22 million square feet of retail space in the eastern half of the United States, has filed a...
Kennedy Wilson invests $198m in western U.S. multifamily portfolio
Kennedy Wilson has acquired 880 units across three multifamily properties in an off-market transaction for $198 million in the Mountain States.
The multifamily assets were acquired...
The 10 most read CRE Herald news stories in October
Here are the 10 most read CRE Herald global commercial real estate (CRE) market news stories for the month.
Bill Gates’ Cascade Investment, GIC buy stakes...
PGIM Real Estate buys industrial portfolio in New Jersey for $275m
PGIM Real Estate, the real estate investment and financing business of PGIM, has acquired a four-building 2.2-million-square-foot industrial portfolio in New Jersey for $275...
Brookfield buys new office building in Bellevue, WA for $365m
Wright Runstad & Company, Shorenstein Properties and institutional investors advised by J.P. Morgan Asset Management have sold the recently completed Block 16 office building...
San Francisco’s Transamerica Pyramid tower sells for $650m
A joint venture led by Deutsche Finance America and SHVO has completed the acquisition of the Transamerica Pyramid Center in San Francisco for $650...
Volkswagen Group of America signs lease for new headquarters in Northern Virginia
Volkswagen Group of America has signed a lease agreement with Boston Properties as an anchor tenant in Northern Virginia’s Reston Town Center development.
Volkswagen Group...
Investcorp buys U.S industrial properties for $280m
Investcorp has acquired 32 industrial properties totaling approximately 3.5 million square feet across four major U.S markets for US$280 million.
The properties grow Investcorp’s...
H.I.G. Realty Partners originates $48.7m loan for Los Angeles office complex
H.I.G. Capital's affiliate H.I.G. Realty Partners has originated a $48.7 million loan to finance the redevelopment of Expo 3, a 94,000 square foot creative...
AMC plans to reopen movie theatres in Northern California
AMC Entertainment said on Thursday that several AMC locations in Northern California, including San Francisco and the greater Bay Area, would begin operations on...
CBRE : Tech industry remains biggest force in U.S office-leasing activity
The tech industry’s share of U.S. office-leasing activity in this year’s first half inched down to 20 percent from 21 percent last year, as...
LaSalle launches global indirect real estate investment fund
LaSalle Investment Management (LaSalle) has launched LaSalle Global Navigator Fund, an open-ended relative value real estate investment fund.
The fund received founding capital commitments of...
