Arden Group, Silverstein and Migdal pertner acquire Class A office building in Philadelphia
Silverstein Properties, Arden Group and Migdal Insurance announced that they have entered into a partnership to purchase and manage 1735 Market Street, a 1.3...
CommonGrounds signs 13-year lease at 915 Wilshire Boulevard in Los Angeles
CommonGrounds Workplace has signed a 13-year lease for 45,978 square feet at 915 Wilshire Boulevard in the heart of Los Angeles’ financial district.
The lease...
Investcorp acquires 11 U.S. multifamily properties for $370m
Investcorp has acquired 11 new U.S. multifamily properties for $370 million. The portfolio is composed of 2,615 units. The acquisition marks Investcorp’s largest U.S....
Harrison Street raises $1.6bn for real estate fund
Harrison Street, an alternative real asset investment firm that buys and sells education, health-care and storage properties, announced the final close of the...
U.S multifamily rent growth slows but still strong
Even though U.S. multifamily rents declined in September 2019, the market "remains the picture of stability" amid turbulence in the larger financial world, according to...
Japanese firm buys office building in New York
Japanese Shimizu Corporation has acquired Albano Building, an office property located in Manhattan, New York from Vanbarton Group, the real estate investment company headquartered...
Safehold closes a new $285m ground lease in New York City
Safehold Inc. (NYSE: SAFE) has closed on the previously announced $285 million Safehold™ ground lease under the office property at 135 West 50th Street in...
Prologis completes $4bn acquisition of IPT
Prologis, Inc. has completed the acquisition of the wholly owned real estate assets of Industrial Property Trust Inc. (IPT) for approximately $4 billion in cash, including...
Amazon announces first Iowa fulfillment center
New 645,000square-foot site in the city of Bondurant to create 1,000 new, full-time jobs
Amazon.com, Inc. announced plans to open its first fulfillment center in...
Park Hotels & Resorts takes action to mitigate COVID-19 impact
Park Hotels & Resorts Inc. announced it is has taken various actions, independently and in coordination with its hotel management companies, to mitigate the...
US Foods completes acquisition of Smart Foodservice Warehouse Stores
US Foods Holding Corp. (NYSE: USFD) announced that it has successfully completed the previously announced $970 million all cash acquisition of Smart Foodservice Warehouse...
NIKE, Inc. provides COVID-19 update on operations
As of today, 100 percent of NIKE-owned stores and over 95 percent of partner stores in Greater China and South Korea are open, with...
