Resource REIT completes $3bn merger of three REITs
Resource REIT, Inc., formerly known as Resource Real Estate Opportunity REIT II, Inc., has completed its mergers with Resource Real Estate Opportunity REIT, Inc....
Sekisui House to buy US homebuilder MDC in $4.9bn deal
Japanese house manufacturer Sekisui House has announced the acquisition of MDC Holdings, a U.S. homebuilder, in an all-cash transaction valued at $4.9 billion.
Under the...
ARA acquires landmark office tower in Seoul, Korea for US$897m
ARA Asset Management Limited (ARA) said that its Korea subsidiary has completed the acquisition of Parc1 Tower II, a landmark office tower in Seoul,...
M&G Real Estate Asia, ESR to develop logistics properties in Japan
M&G Real Estate Asia and the ESR Group have announced a long-term partnership on behalf of M&G Asia Property Fund, to develop a portfolio...
The 10 most expensive streets in Canada
Toronto’s Bay Street is the most expensive street in Canada, according to JLL's Most Expensive Streets Report which reveals the priciest corridors in Canada...
Allianz Real Estate buys multifamily residential assets in Tokyo for $160m
Allianz Real Estate announced that it has agreed to acquire a portfolio of prime multifamily residential assets in Tokyo for $160 million, on behalf...
Greystar to enter Brazilian rental housing market
Greystar Real Estate Partners will join a partnership, between Canada Pension Plan Investment Board (CPP Investments) and Cyrela Brazil Realty (Cyrela), to develop, own...
Empire State Realty closes $180m loan for Manhattan office property
Empire State Realty Trust has closed on a $180 million mortgage loan for 250 West 57th Street, a 542,000 square foot Manhattan office and retail...
WeWork slashes rent costs by $8bn, aims for May Chapter 11 exit
WeWork, the global workspace provider, announced significant progress in its real estate and financial restructuring efforts, positioning itself for emergence from Chapter 11 in...
Blackstone announces $8bn final close for latest real estate debt fund
Blackstone announced the final close of its most recent real estate debt fund, Blackstone Real Estate Debt Strategies IV (BREDS IV). BREDS IV has...
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...
NBIM names Alexander Knapp global head of real estate
Norges Bank Investment Management (NBIM) has announced the appointment of Alexander Knapp as its new Global Head of Real Estate, effective June 16th.
Knapp joins...
