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...
Top destinations for Asian outbound real estate investment in 2020
Singapore topped Asian outbound real estate investment for the third consecutive year, accounting for US$12.1 billion worth of deals in 2020 – albeit reflecting...
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...
Link REIT buys 50% interest in Shanghai shopping mall for $429m
Hong Kong-listed Link Real Estate Investment Trust (Link REIT) announced Wednesday that it has agreed to acquire 50% interest in Qibao Vanke Plaza, a...
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...
IKEA’s shopping malls arm Ingka Centres enters Indian market
Swedish home furnishings retailer IKEA’s shopping malls business Ingka Centres has entered the Indian market by acquiring a major land in Uttar Pradesh, India.
The 47,833...
CDL acquires majority stake in Shenzhen tech park
City Developments Limited (CDL) said on Monday that it has entered into agreements to acquire 55% interest in a tech park in Shenzhen, China...
