Marriott CEO Arne Sorenson dies at age 62
Arne Sorenson, the president and chief executive officer of Marriott International Inc., has passed away on February 15, 2021 at the age of 62.
In May...
CDL buys Central London hotel for £280m
City Developments Limited (CDL), through its wholly-owned subsidiary Copthorne Hotel Holdings Limited, has completed the acquisition of the 706-room Holiday Inn London – Kensington...
Manchester United buys 25-acre site from Indurent for new stadium project
Manchester United has secured the majority of the land required for its proposed new 100,000-seat stadium, a significant step forward in the club’s plans...
Papa John’s signs deal to open 49 new stores in Philadelphia area
Papa John’s has signed a store development agreement to expand in the Philadelphia area, according to a press release. Under the agreement, HB Restaurant...
JLL appoints new head of diversity and inclusion
JLL has appointed Ingrid Jacobs as global Head of Diversity and Inclusion.
In this newly created global role, she will be responsible for further developing JLL's global...
KKR sells US industrial real estate portfolio for $560m
Global investment firm KKR has divested over 5 million square-feet (SF) of industrial warehouse and distribution properties for over $560 million.
The dispositions were...
Clarion Partners buys biopharmaceutical facility in Braintree, MA
Clarion Partners Real Estate Income Fund Inc. (CPREIF) has acquired a 58,935-square foot biopharmaceutical facility located on more than three acres at 55 Messina...
BMW signs pre-lease for 70,000 sqm at Goodman Business Park in Tokyo
The BMW Group (“BMW) has signed agreement with Goodman Group to lease over 70,000 sqm at Goodman Business Park Stage 4 for its new...
QuadReal acquires 50% interest in $4bn student living platform
QuadReal Property Group has acquired a 50% interest in CA Ventures' U.S. student living platform, CA Student Living.
The transaction formalizes the conversion of QuadReal’s...
Thompson Thrift to develop shopping center in Naperville, Illinois
Thompson Thrift Retail Group, a wholly-owned company of Indianapolis-based Thompson Thrift, has acquired a 4.2 acres of land to develop a $19 million shopping...
Lendlease and Daiwa House join forces to develop new homes in London
Lendlease, a global real estate group, headquartered in Sydney, and Daiwa House, one of Japan’s largest home builders and property developers, have formed a...
Healthcare Realty forms joint venture with TIAA
Healthcare Realty Trust Inc. and Teachers Insurance and Annuity Association (TIAA) have formed a joint venture to invest in medical office buildings.
Healthcare Realty...
