Retailers urge federal pandemic insurance program similar to 9/11 terrorism coverage
The National Retail Federation today called on Congress to pass legislation establishing a federal program that would help businesses obtain insurance coverage for pandemics...
GLP closes US$2.1bn China logistics fund despite COVID-19 uncertainty
GLP has closed its GLP China Income Fund I (GLP CIF I) with a total investment capacity of RMB 15 billion (approximately US$2.1 billion)...
Cushman & Wakefield launches Global Employee Assistance Fund
Cushman & Wakefield (NYSE: CWK) today announced the launch of a Global Employee Assistance Fund, part of a $5 million commitment to employee assistance...
Mill Creek, QuadReal form $421m JV to invest in US multifamily market
Multifamily developer and operator Mill Creek Residential and global real estate investment firm QuadReal Property Group have formed a joint venture to invest up...
Verity Health System completes sale of St. Vincent Medical Center to Dr. Patrick Soon-Shiong
-Verity Health System announces completion of the sale of St. Vincent Medical Center in Los Angeles, CA for $135 million
-The St. Vincent facility is...
Sentinel Net Lease acquires $16.9M Amazon customer service center in Huntington, WV
Sentinel Net Lease (“Sentinel”) announced the acquisition of an Amazon Customer Service Center in Huntington, West Virginia for $16.9MM, from an affiliate of Lexington Realty...
Australian property sentiment falls sharply amid COVID-19 crisis
Property industry sentiment across Australia fell sharply to a record low amid COVID-19 pandemic crisis, according to the ANZ Property Council industry survey for the June 2020 quarter.
Australian property industry...
CDL to acquire 51.01% joint controlling interest in China’s Sincere Property
City Developments Limited (CDL), a global real estate company, listed on the Singapore Exchange, has entered into a definitive agreement to acquire a 51.01%...
NMHC Rent Payment Tracker finds rent payment rate at 93 percent of prior month
The National Multifamily Housing Council (NMHC) found that 84 percent of apartment households made a full or partial rent payment by April 12 in its second survey of 11.5 million units of professionally...
Broker confidence drops to all-time low in New York City
Broker confidence has slumped to an all-time low in New York City amid coronavirus outbreak, according to a new survey-Q1 2020 Quarterly Real Estate Broker...
Singapore’s GuocoLand to sell hotel in Shanghai
Singapore-based real estate company GuocoLand Limited (GuocoLand), listed on the Singapore Exchange Securities Trading Limited, announced that its wholly-owned subsidiary, Shanghai Xinhaolong Property Development...
Amazon to hire 75,000 more workers amid coronavirus pandemic
On March 16, Amazon had announced it would hire an additional 100,000 people in full and part-time jobs across its operations network 'to keep...
