Cap rates for CRE assets stable in H1 2019, says CBRE
An advantageous balance of moderate growth, low inflation, and falling long-term interest rates in the U.S. kept capitalization rates (cap rates) for commercial real...
CIM Group acquires Class A office building in downtown Austin
CIM Group has acquired Chase Tower, a 21-story, approximately 390,000-square-foot Class A office building with ground floor retail in downtown Austin. Located at 221...
Singapore’s GIC buys 25.1% stake in Lendlease International Towers Sydney Trust
GIC, Singapore’s sovereign wealth fund, with US$100 billion in assets under management, will acquire a 25.1% stake in Lendlease International Towers Sydney Trust (LLITST)...
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...
China Fortune Land Development reports RMB 8.48bn H1 net profit
According to the 2019 Semi-annual Report released by China Fortune Land Development (CFLD) on August 16, in the first half of 2019, CFLD achieved RMB 8.48...
Charter Hall buys 49% stake in Telstra properties for A$700M
Australian telco Telstra Corp has sold a 49% stake in a newly established property trust to a consortium led by Charter Hall Long Wale...
Greystar sells Class A multifamily community in Florida
Greystar Real Estate Partners has sold Avana Isles, a 214-unit Class A apartment community in the Boynton Beach / Delray Beach submarket of Palm...
Australian commercial property market sentiment rise in Q2 2019
According to NAB’s Commercial Property Index, Australian commercial property market sentiment rose 9 points to +7 in the second quarter of 2019. It rose...
Charter Hall, Abacus buy Sydney CBD office tower for A$630M
Charter Hall Group has formed a new partnership with Abacus to acquire 201 Elizabeth Street, Sydney CBD office tower for A$630 million. The vendor...
The New York Times signs lease at Court Square Place in LIC
JRT Realty Group, the largest certified woman-owned commercial real estate services firm in the United States, has announced that The New York Times Company...
Average U.S. asking rents for office space rise 1.7% in H1 2019
Average U.S. asking rents for office space increased 1.7% over the six-month period ending in June, to $36.44, according to a new report from Yardi®...
Charter Hall to acquire premium grade office tower in Sydney
Charter Hall Group wholesale funds have formed a joint venture with GIC, Singapore’s sovereign wealth fund, to acquire the leasehold of Chifley Tower, 2...
