JC Penney to close 154 stores
JC Penney announced that it plans to close 154 stores as a part of its store optimization strategy. Closing sales are expected to begin...
Piedmont completes sale of 45-story office tower in Philadelphia
Piedmont Office Realty Trust, Inc. (Piedmont) has completed the sale of 1901 Market Street, a 45-storey Class-A office tower in Philadelphia for approximately $360 million, or $450 per...
Hudson Pacific, Blackstone complete of joint venture to expand studio platform
Hudson Pacific Properties and Blackstone announced that funds affiliated with Blackstone Property Partners have completed their previously announced acquisition of a 49% interest in...
Crow Holdings announces sale of one of the largest industrial portfolios since onset of...
8-Property, 4.7 Million-Square-Foot Portfolio Developed from Ground-Up Sold to PGIM as E-Commerce Accelerates
Crow Holdings announced today that funds managed by Crow Holdings Capital, its...
Preferred Apartment to sell student housing portfolio to TPG for $478m
Preferred Apartment Communities, Inc. announced that it has entered into a purchase and sale agreement to sell its student housing portfolio to TPG Real...
Ventas fund acquires life science portfolio in South San Francisco for $1bn
Ventas Life Science and Healthcare Real Estate Fund, L.P. has acquired a trophy life science portfolio in the premier South San Francisco life science...
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...
LaSalle appoints Mark Gabbay as global CEO
LaSalle Investment Management (LaSalle) announced that Mark Gabbay, currently CEO and CIO of LaSalle Asia Pacific, will assume the role of LaSalle Global CEO,...
Trophy office tower in Seattle sells for $625m
Hudson Pacific Properties, Inc. and Canada Pension Plan Investment Board (CPP Investments) have completed their previously announced acquisition of 1918 8th Avenue, a 668,000-square-foot trophy...
ILPT buys Class A industrial building in Kansas for $44m
Industrial Logistics Properties Trust (ILPT) has acquired a net leased Class A industrial building in Kansas City, Kansas for $44 million, excluding acquisition related costs....
ElmTree Funds forms $600m partnership with Guggenheim Investments
Real estate private equity manager ElmTree Funds has formed a partnership with Guggenheim Investments to invest in industrial e-commerce assets throughout the United States.
ElmTree...
JLL appoints Gilda Perez-Alvarado as global CEO, hotels & hospitality
JLL has appointed Gilda Perez-Alvarado as global CEO of its Hotels & Hospitality Group. Gilda Perez-Alvarado will succeed Mark Wynne-Smith, who will continue as...
