Goodman, CPP Investments commit US$2.5bn of equity to U.S. logistics partnership
Goodman Group and Canada Pension Plan Investment Board (CPP Investments) have committed an additional US$2.5 billion of equity to the Goodman North American Partnership...
Digital Realty to acquire 49% interest in Westin Building Exchange in Seattle
Digital Realty has signed an agreement with Clise Properties to acquire a 49% ownership interest in the Westin Building Exchange in Seattle, Washington. ...
WeWork launches Food Labs in New York City
WeWork has launched the WeWork Food Labs New York, aiming to provide food-focused entrepreneurs and companies with collaborative and flexible workspace, custom programming, and global...
GIC acquires LG Twin Towers in Beijing for $1.15bn
Singapore’s sovereign wealth fund GIC has acquired LG Twin Towers in Beijing from South Korean conglomerate LG Group for over RMB 8 billion($1.15 billion).
Located...
CoStar Group to acquire RentPath for $588m
CoStar Group has agreed to acquire RentPath Inc. for $588 million in cash, in connection with RentPath’s recently announced Chapter 11 bankruptcy process.
RentPath’s primary...
KBS signs leases at historic Class A office building in Salt Lake City, Utah
KBS Signs Nearly 50,000 Square Feet in New Leases at Historic Class A Office Building in Salt Lake City, Utah
KBS announced the signing of...
Frasers Property Retail buys AsiaMalls Management in Singapore
Frasers Property Retail, a retail-focused platform under Frasers Property Singapore, has agreed to acquire property manager AsiaMalls Management Pte. Ltd. (AsiaMalls Management), which currently...
Commercial and multifamily construction starts accelerated in top metro areas in 2019
New York, Washington DC, and Los Angeles top the list with robust construction levels
The value of commercial and multifamily construction starts in the top...
Yardi Matrix expects little change in U.S multifamily market in 2020
U.S. multifamily market has performed consistently well for several years due to the healthy job market and demographics which have produced robust demand, and...
Dodge Momentum Index starts 2020 on the downside
The Dodge Momentum Index fell 2.7% in January to 152.5 (2000=100) from the revised December reading of 156.7, snapping a four-month streak of gains....
Transamerica Pyramid in San Francisco sold for $700m
Transamerica Pyramid, the iconic skyscraper in San Francisco, has reportedly sold to a group led by New York developer Michael Shvo for $700 million...
Greystar buys two properties in South Yarra, Melbourne
Greystar Real Estate Partners has acquired two existing office buildings for re-development in the Inner Melbourne market of South Yarra, Australia, on behalf of...
