Ares to acquire Black Creek Group
Ares Management Corporation (Ares) has agreed to acquire 100% of Black Creek Group’s U.S. real estate investment advisory and distribution business (Black Creek), a...
Mapletree Industrial Trust to buy $1.3bn US data centre portfolio
Singapore-listed real estate investment trust (REIT) Mapletree Industrial Trust (MIT) said Thursday it has entered into a purchase and sale agreement to acquire 29...
Hines to develop logistics center in Seoul
Hines will develop a multi-story logistics center, Namyang Logistics Center, in Seoul, South Korea.
The project represents the second cold storage and third logistics...
Bank of America, NACA expand mortgage program to $15bn
Bank of America and the Neighborhood Assistance Corporation of America (NACA) have expanded their national affordable homeownership mortgage program for low-to-moderate income homebuyers.
The partnership...
SL Green sells office property in Midtown South for $325m
SL Green Realty Corp. has sold 635-641 Sixth Avenue, an office property in Midtown South, for $325 million.
The property is comprised of two adjoined buildings totaling...
Charter Hall invests A$780m in commercial property portfolio
Charter Hall is acquiring a commercial property portfolio for A$780 million.
Charter Hall said the leased portfolio comprise three office and one life science/industrial assets...
W.P. Carey invests $170m in four US net leased properties
W. P. Carey Inc. has invested $170 million in four net leased properties, approximately 1.1 million square feet, in the United States.
The investments comprise...
Japan’s SMBC partners with Singapore’s ARA
Sumitomo Mitsui Banking Corporation (SMBC), the largest entity of the Sumitomo Mitsui Financial Group, has entered into a strategic partnership with Singapore-based real assets...
7‑Eleven completes acquisition of convenience store chain Speedway
7‑Eleven has completed the acquisition of Speedway, a convenience store chain, from Marathon Petroleum Corp. for $21 billion.
Speedway’s portfolio includes approximately 3,800 stores located...
ARA increases its strategic stake in Japan’s Kenedix
ARA Asset Management Limited (ARA) has increased its strategic stake in Kenedix, Inc. to 30%, up from 20.27% previously.
ARA had earlier supported the privatisation...
QuadReal promotes Jameson Weber to Managing Director, Americas
QuadReal Property Group, a global real estate company headquartered in Vancouver, British Columbia, has appointed Jameson Weber as Managing Director, International Real Estate, Americas.
Jameson...
JLL Income Property Trust buys Boston apartment community for $72.5m
JLL Income Property Trust has purchased Princeton North Andover, a 192-unit apartment community in the affluent north-Boston suburb of North Andover, Massachusetts, for $72.5...
