PGIM’s real estate businesses complete over $35bn in transactions worldwide in 2019
The real estate businesses of PGIM completed over $35 billion in transactions worldwide in 2019. The volume represents a total of 954 transactions and...
Taubman sells interest in China shopping center to Blackstone
Taubman Centers, Inc., an S&P MidCap 400 Real Estate Investment Trust engaged in the ownership, management and/or leasing of 26 regional, super-regional and outlet...
Cromwell sells 50% stake in Chatswood office building for A$120m
Cromwell Property Group has sold a 50% stake in 475 Victoria Avenue, Chatswood, a business centre in Sydney’s North Shore region, for A$120 million,...
KKR, IGIS and SK D&D acquire Namsan Square in Seoul
Global investment firm KKR, Korea’s largest real estate fund manager IGIS Asset Management (“IGIS”), and leading Korean real estate developer SK D&D today announced...
New World sells interests in two Hong Kong shopping malls for HK$3bn
New World Development Company Limited (NWD) has sold all of its economic interests in two shopping malls to MTR Corporation for HK$3 billion ($380...
Commerz Real buys hotel in Kyoto, Japan for €200m
Commerz Real, a subsidiary of Commerzbank AG, has acquired a hotel, Onyado Nono in Kyoto, Japan for €200 million for its open-ended real estate...
Google announces $10 billion investment for 2020 in U.S
Sundar Pichai, CEO of Google and Alphabet announced that Google will invest more than $10 billion in offices and data centers across the United...
U.S commercial property prices continue to rise in January
U.S commercial property prices rose 7.0% y-o-y in January and gained 0.5% on the month, in line with recent increases, according to the...
Ocean West led group buys student housing property at UC Davis
An investment group led by Ocean West Capital Partners (Ocean West), Tiger Alternative Investors, Ltd., Korea Investment & Securities Co., Ltd. and Landmark Properties...
Singapore real estate market to remain resilient in 2020: CBRE
According to CBRE’s latest research report “Real Estate Market Outlook 2020 – Singapore”, the property market in Singapore is expected to remain resilient in...
Park Tower in Sacramento sold for $165.5m
KBS Assisted in the Acquisition of Park Tower in Sacramento, California; Class A Office Tower for $165.5 Million on Behalf of Prime US REIT
Park...
San Francisco tops Milken Institute’s 2020 ranking of best-performing cities
Propelled by its capacity for innovation, unparalleled ecosystem, and exceptionally strong wage growth, the San Francisco metropolitan area was ranked first in the Milken...
