Chinese Wanda to sell stake in Chicago property project for $270m
Hong Kong-listed Wanda Hotel Development, a unit of Chinese billionaire Wang Jianlin’s Dalian Wanda Group, has agreed to sell its 90 per cent stake...
JBG Smith, J.P.Morgan form JV for mixed-use development in National Landing
JBG Smith and J.P. Morgan Global Alternatives have formed a joint venture to develop, manage, and own approximately 2.0 million square feet of new...
Frasers Centrepoint Trust to acquire remaining 63.1% in AsiaRetail Fund for S$1.06bn
Frasers Centrepoint Asset Management (FCAM), the manager of Frasers Centrepoint Trust (FCT), will acquire the remaining approximately 63.1% of the total issued share capital...
Google unveils €5.5bn Germany investment plan
Google has announced a €5.5 billion investment programme in Germany between 2026 and 2029, marking its largest financial commitment in the country to date....
Carlyle to acquire data center company in US
Carlyle-managed funds have agreed to acquire Involta, a data center company focused on hybrid IT and cloud infrastructure, including data center colocation, hybrid cloud, edge, fiber,...
Starwood names Tim Abram head of asset management, Europe
Starwood Capital Group has promoted Tim Abram to Head of Asset Management, Europe, expanding his responsibilities beyond the firm’s hospitality portfolio as it continues...
Hines buys historic Norton Building in Seattle
Hines has purchased the Norton Building, a 269,000-square-foot office building located at 801 2nd Avenue in downtown Seattle.
The purchase price was not disclosed. According to...
CBRE: Majority of investors plan more real estate acquisitions in Asia Pacific
Tokyo, Shanghai and Singapore are top three investment destinations for real estate investors in 2022, according to the findings of CBRE’s latest Asia Pacific Investor...
Norway’s fund, Prologis JV invests in $2bn U.S logistics portfolio
A joint venture between Norway's sovereign wealth fund Norges Bank Investment Management which manages the world's largest sovereign wealth fund with assets of...
NAIOP Survey: U.S commercial real estate continues to recover
NAIOP, the Commercial Real Estate Development Association, has revealed its fourth monthly survey results that measures the impact of the COVID-19 crisis on the...
Hines buys 1.1 msf industrial campus in Chicago
Hines has purchased the Chicago Prime Portfolio, a two-building, 1.1 million-square-foot industrial campus in Melrose Park, IL, a suburb of Chicago.
The portfolio, located...
CapitaLand announces the first closing of CREDO I China
CapitaLand Limited announced the first closing of CREDO I China – the Group’s first discretionary real estate debt fund.
US$750-million CREDO I China will...
