Allianz Real Estate to become part of PIMCO
PIMCO and its parent company Allianz Group, have agreed to transition the management and oversight of Allianz Real Estate to PIMCO. Allianz Real Estate...
Mill Creek, QuadReal form $421m JV to invest in US multifamily market
Multifamily developer and operator Mill Creek Residential and global real estate investment firm QuadReal Property Group have formed a joint venture to invest up...
The City of Las Vegas to accelerate smart cities project with NTT
The city of Las Vegas and NTT Corporation (NTT) today announced the Accelerate Smart project has expanded to include two new locations – the city’s Community Healing Garden and a...
JCPenney reopens 150 stores across U.S
JCPenney reopened 150 stores in 27 states, bringing the total to 304 reopened stores nationwide after temporarily closing due to the Coronavirus (COVID-19) pandemic....
MSD Partners closes its real estate credit opportunities fund at $1.1bn
MSD Partners, L.P. has closed its MSD Real Estate Credit Opportunities Funds (RCOF) with more than $1.1 billion in commitments, exceeding its initial target of $750...
Lowe, Related JV starts construction of office building in Los Angeles
A joint venture between Los Angeles-based Lowe and Related Fund Management (RFM), the investment management affiliate of Related Companies, has begun construction of 113,000-square-foot,...
VEREIT, Ocean West acquire industrial property in Dallas for $247m
VEREIT, Inc. and Ocean West have acquired a 2.3 million square foot, twenty-year leased distribution and warehouse facility in Dallas, Texas for $246.7 million....
IKEA’s shopping malls arm buys retail property in San Francisco
Swedish home furnishings retailer IKEA’s shopping malls arm, Ingka Centres, part of the Ingka Group (which also includes IKEA Retail and Ingka Investments), has...
Service Properties Trust terminates agreements with Marriott for 122 hotels
SVC Terminated Marriott Agreements for Failure to Meet 80% Termination Threshold for Cumulative Owner’s Priority Returns to SVC through August
SVC Plans to Transfer the...
Blackstone announces acquisition of Simply Self Storage for $1.2bn
Blackstone Real Estate Income Trust, Inc. (BREIT) said on Monday that it has entered into a definitive agreement to acquire Simply Self Storage from...
PGIM RE provides $408m acquisition loan for industrial property portfolio
PGIM Real Estate has provided a $408 million senior loan facility to an institutional real estate investor for the acquisition of 11 Class A...
Life sciences campus in Cambridge, Massachusetts sells for $720m
Harrison Street, The Bulfinch Companies (Bulfinch) and National Real Estate Advisors, LLC (National) have sold Cambridge Discovery Park (CDP), a three property life sciences...
