Empire State Realty closes $180m loan for Manhattan office property
Empire State Realty Trust has closed on a $180 million mortgage loan for 250 West 57th Street, a 542,000 square foot Manhattan office and retail...
ARA, Chelsfield secure S$385.8m green loan for commercial building
ARA Asset Management Limited (ARA) and Chelsfield have secured a S$385.8 million green loan from DBS Bank and United Overseas Bank Limited (UOB) to...
CBRE expects recovery in U.S. commercial real estate sectors next year
CBRE expects that 2021 will see a strengthened recovery of all U.S. commercial real estate sectors as the broader economy bounces back from the pandemic-induced...
Office building in Northern Virginia sold for $90m
Clarion Partners, LLC has sold 3150 Fairview Park Drive, a 257,489-square-foot, trophy office building in Falls Church, Virginia to funds managed by U.S.-based Apollo...
Amazon announces new fulfillment center to be built in Mississippi
Amazon has announced a new fulfillment center to be built in Madison County, Mississippi. The fulfillment center will be the first facility located in...
Charter Hall, PGGM partnership announces fourth industrial investment in Melbourne
A new wholesale partnership (CHPIP) between Charter Hall Group and global institutional investor PGGM, manages pension assets worth €246 billion and is based in the...
Investcorp sells eight multifamily properties in U.S for $900m
Investcorp has sold eight multifamily properties located in Arizona, California, Florida and New York to multiple buyers for more than US $900 million.
The multifamily...
Moody’s Analytics forecasts resilient outlook for US industrial property rents
Moody’s Analytics today announced new forecasts for commercial real estate (CRE) rents and vacancies, covering eight property types and more than 3,000 submarkets across...
Blackstone buys majority stake in China logistics park for US$1.1bn
Blackstone has acquired a majority stake in the largest urban logistics park in China’s Greater Bay Area from R&F Group for US$1.1 billion.
Blackstone Real...
Ascendas Reit acquires two office properties in San Francisco for US$560.2m
Singapore-listed business space and industrial real estate investment trust, Ascendas Real Estate Investment Trust (Ascendas Reit) has agreed to acquire two office properties located...
JCPenney gets court approval for asset purchase agreement with Brookfield, Simon
JCPenney announced that the U.S. Bankruptcy Court for the Southern District of Texas has approved the asset purchase agreement with Brookfield Asset Management, Simon...
Stockholm-based banking group signs lease at Empire State Building
Empire State Realty Trust (ESRT) said that Swedbank, a Stockholm-based banking group, has signed a 7,905 sq ft. lease on the 45th floor at the Empire...
