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...
Welltower sells three healthcare portfolios for $1.3bn
Welltower Inc. has announced the sale of three healthcare real estate portfolios with a combined valuation of $1.3 billion.
In mid-September, the company has sold a...
PIMCO assumes oversight of Allianz Real Estate
Global investment management firm PIMCO has officially assumed the leadership and oversight of Allianz Real Estate, a global commercial real estate investment business.
Partnership,...
Colliers appoints former CBRE vice chairman as managing director for Japan
Colliers International has appointed Yukihiro Ogasawara as Managing Director & Chairman for Japan business.
Yukihiro Ogasawara joined Colliers Japan from CBRE, where he was...
Equinix completes acquisition of 13 data centers in Canada for US$780m
Global digital infrastructure company Equinix, Inc. has completed the acquisition of 13 data centers in Canada and their operations from BCE Inc. (Bell) for US$780 million (CA$1,041 million) in an...
CRE Herald’s best trending industry news in September
Here are CRE Herald’s best trending global commercial real estate (CRE) industry news for the month. Click on headlines to read more please.
Brookfield, Simon Property to...
Dream appoints new CFO
Dream Unlimited Corp. (Dream), a developer of office and residential assets in Toronto, has appointed Deborah Starkman as new Chief Financial Officer (CFO) effective...
StepStone Real Estate closes fourth fund at $1.4bn
StepStone Real Estate announced the final closing of StepStone Real Estate Partners IV (SREP IV), its fourth in a series of funds focused on...
U.S GDP plunges 31.4% in Q2 2020
Real gross domestic product (GDP) in the U.S decreased 31.4 percent in the second quarter of 2020, according to the third estimate released by the...
Deka Immobilien acquires office property in Melbourne from Dexus for €280m
Deka Immobilien has acquired an office property in Melbourne, Australia, from Dexus, Australian real estate group, for €280 million.
The high-rise 452 Flinders Street office...
CMT, CCT unitholders vote in favour of merger to form new REIT
Unitholders of CapitaLand Mall Trust (CMT) and CapitaLand Commercial Trust (CCT) have voted in favour of the proposed merger of CMT and CCT to...
Urban Visions, Mitsui Fudosan JV to develop Class A office tower in Seattle
The joint venture between Urban Visions and Mitsui Fudosan America will develop The Net, a 36-story, 812,000-rentable-square-foot, Class A office tower in Seattle.
JLL Capital...
