JLL unveils AI model for commercial real estate
JLL has unveiled JLL GPT, the first large language model purpose-built for the commercial real estate (CRE) industry.
Developed by JLL Technologies (JLLT), the...
WeWork plans to file for bankruptcy, WSJ reports
Flexible workspace provider WeWork is planning to file for bankruptcy as early as next week, according to the Wall Street Journal report, citing people familiar with...
Blackstone to acquire Tricon Residential in $3.5bn deal
Blackstone and Tricon Residential have announced that Blackstone Real Estate Partners X and Blackstone Real Estate Income Trust (BREIT) will acquire all of the...
Partners Group invests in Trinity
Global private markets firm Partners Group has reached an agreement to acquire a strategic minority stake in Trinity Investments, a U.S.-based real estate investor...
Goldman Sachs closes third real estate secondaries fund at $3.4bn
Goldman Sachs Alternatives has raised $3.4 billion for its third dedicated real estate secondaries fund, Vintage Real Estate Partners III.
Vintage Strategies at Goldman Sachs...
US commercial property prices stabilize in 2024, retail leads recovery
The U.S. commercial real estate market continued its stabilization in 2024, with promising signs of recovery emerging across property sectors.
The RCA CPPI National...
Corem divests office property in New York
Sweden-based real estate company Corem Property Group AB (publ) has entered into an agreement to divest its Manhattan-based project property, 28&7, to U.S. real...
Global investors redirect real estate capital to emerging markets
Emerging markets including India, Mexico, Vietnam, South Africa, Malaysia, and countries across Central and Eastern Europe are set to attract growing real estate investment...
LaSalle raises $370m for global decarbonization real estate fund
LaSalle Investment Management said on Wednesday it has raised $370 million in initial commitments for its new global decarbonization fund, the LaSalle Property Planet...
Savills completes £827m acquisition of Eastdil Secured
Savills has completed its $1.1125 billion acquisition of Eastdil Secured, combining its international real estate advisory business with the global real estate investment bank...
Australian office vacancy rates drop across the country
According the latest Property Council's Australian Office Market Report, Australian office vacancy rate has dropped to 8.5 per cent (down from 9.2 per cent)...
Hyatt to open 14 new hotels during the next 24 months in India
Hyatt Hotels Corporation announced that 2019 will mark record growth for Hyatt in India. Expansion plans foresee the addition of over 2,100 guestrooms through...
