July increase in retail sales continues recovery from coronavirus pandemic
Retail sales continued to recover from the impact of the coronavirus pandemic in July, growing more slowly than the month before but adding to...
Apple Hospitality REIT buys two Hyatt hotels in Tempe, Arizona
Apple Hospitality REIT said it has acquired the new 105-room Hyatt House and 154-room Hyatt Place in Tempe, Arizona for $64.6 million.
“We are pleased...
WeWork secures new $1.1bn commitment from Softbank
The We Company, a parent organization of WeWork, told employees on Thursday that it cut its cash burn rate almost in half to US$671...
SHVO and Deutsche Finance close on acquisition of 333 South Wabash, Chicago’s iconic “Big...
The joint venture led by SHVO and Deutsche Finance America closed today on the acquisition of 333 South Wabash Avenue in Chicago’s East Loop...
Yanlord HK signs US$1.1bn syndicated loan facility
Yanlord Land Group Limited, a Singapore Exchange-listed real estate developer focusing on developing commercial and residential property projects in China and Singapore, announced that...
PATRIZIA announces new country manager for Japan
PATRIZIA has appointed Takehiko Uehara as PATRIZIA Japan Country Manager, effective immediately, reporting directly to PATRIZIA’s Co-CEO Thomas Wels.
His formal job title in...
Gaw Capital closes two investment vehicles at US$900m
Hong Kong-based real estate private equity firm Gaw Capital Partners has closed two investment vehicles totaling up to US$900 million in commitments.
The first vehicle...
Cushman & Wakefield sells premier medical office building in Maryland for $160M
Cushman & Wakefield (NYSE: CWK) announced the $160 million sale of the Barlow Building, located at 5454 Wisconsin Ave. in Chevy Chase, Maryland. Cushman...
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....
Greystar closes $600 million Greystar Credit Partners II
Greystar Real Estate Partners, LLC (“Greystar”), a global leader in the investment, development and management of high-quality purpose-built rental housing properties, today announced the...
Simon Property, Amazon discuss turning Sears, J.C. Penney stores into fulfillment centers
Simon Property Group, the largest shopping center owner in the U.S. and an S&P 100 company, has been in talks with Amazon.com Inc., about...
CRE executives optimistic about future market conditions, survey finds
U.S commercial real estate (CRE) executives recognize the various challenges in the current market as a result of the COVID-19 pandemic, while remaining optimistic...
