Franklin Templeton to acquire Legg Mason for $4.5bn
Franklin Resources, Inc., a global investment management organization operating as Franklin Templeton, has agreed to acquire Legg Mason, Inc. for $4.5 billion or $50.00...
KBS repositions office campus in San Jose, California
-KBS Repositions and Rebrands Five-Building Office Campus in San Jose, CA; Leases 314,710 Square-Feet in Less Than Six Months Post Renovation
-KBS created 100,000 square-feet...
SL Green sells 609 Fifth Avenue retail condominium for $168m
SL Green Realty Corp. an S&P 500 company and a fully integrated real estate investment trust, or REIT, announced it has entered into a...
U.S. hotel industry reported unprecedented lows during April 2020, says STR
Due to expanded restrictions around the COVID-19 pandemic, the U.S. hotel industry reported unprecedented lows during April 2020, according to data from STR.
In a year-over-year...
JC Penney to close 154 stores
JC Penney announced that it plans to close 154 stores as a part of its store optimization strategy. Closing sales are expected to begin...
Piedmont completes sale of 45-story office tower in Philadelphia
Piedmont Office Realty Trust, Inc. (Piedmont) has completed the sale of 1901 Market Street, a 45-storey Class-A office tower in Philadelphia for approximately $360 million, or $450 per...
Hudson Pacific, Blackstone complete of joint venture to expand studio platform
Hudson Pacific Properties and Blackstone announced that funds affiliated with Blackstone Property Partners have completed their previously announced acquisition of a 49% interest in...
Crow Holdings announces sale of one of the largest industrial portfolios since onset of...
8-Property, 4.7 Million-Square-Foot Portfolio Developed from Ground-Up Sold to PGIM as E-Commerce Accelerates
Crow Holdings announced today that funds managed by Crow Holdings Capital, its...
Preferred Apartment to sell student housing portfolio to TPG for $478m
Preferred Apartment Communities, Inc. announced that it has entered into a purchase and sale agreement to sell its student housing portfolio to TPG Real...
Ventas fund acquires life science portfolio in South San Francisco for $1bn
Ventas Life Science and Healthcare Real Estate Fund, L.P. has acquired a trophy life science portfolio in the premier South San Francisco life science...
Ventas, GIC form research & innovation development JV
Ventas, an S&P 500 company, announced it has formed a joint venture with GIC, a global investment firm established in 1981 to manage Singapore’s...
The 10 most popular CRE Herald news stories in November
Here are the 10 most popular CRE Herald global commercial real estate (CRE) market news stories for the month.
Carlyle acquires UK senior housing developer Beechcroft
Global...
