SL Green sells stake in NYC building to Japan’s Mori Trust
SL Green Realty has sold a 49.9% interest in 245 Park Avenue in New York City to a U.S. affiliate of Japanese firm Mori...
Prologis to buy industrial portfolio from Blackstone for $3.1bn
Prologis has agreed to acquire nearly 14 million square feet of industrial properties from opportunistic real estate funds affiliated with Blackstone for $3.1 billion in...
Swiss real estate firm buys multifamily development site in Dallas
Switzerland-based institutional real estate investment firm Empira Group has bought a development site strategically located steps from the vibrant Dallas Arts District and right...
Pictet closes real estate co-investment fund at $362m
Pictet Group’s alternative investment business Pictet Alternative Advisors (PAA) has closed its second flagship real estate co-investment fund at $362m, exceeding its target size...
Hafize Gaye Erkan appointed as Turkey’s new central bank governor
Hafize Gaye Erkan has been appointed as the new governor of the Central Bank of the Republic of Turkey (CBRT).
Erkan became the first female governor of...
IREIT to buy French retail portfolio for €76.8m
Singapore-listed real estate investment trust IREIT Global has agreed to acquire a portfolio comprising of 17 retail properties located across France for approximately €76.8...
Realterm grows European IOS portfolio with Dutch deal
Realterm has expanded its European IOS portfolio by acquiring Marco Poloweg 10, an 18,376-square-meter industrial outdoor storage (IOS) site in Venlo, Netherlands.
IOS properties...
URW sells shopping centre in US for $220m
Paris-based commercial real estate company Unibail-Rodamco-Westfield (URW) has sold the Westfield Brandon shopping centre, located in Brandon, Florida, for $220m.
The sale price of $220m...
Real estate fund managers optimistic about fund launches and capital raising
Real estate fund managers and other alternative fund managers are optimistic about launches and fund raising over the next 18 months, according to new...
Amro Partners enters JV with Japan’s NNT UD to fund London co-living project
Amro Partners and NTT UD Europe (NTT UDE), a subsidiary of a Japanese real estate developer NTT Urban Development, have formed a joint venture...
Real estate legend Sam Zell dies at 81
Sam Zell, the chairman of Equity Group Investments, Equity LifeStyle Properties, Equity Residential, and Equity Commonwealth, has passed away at the age of 81...
Top 10 global real estate fund managers
Total global real estate assets under management (AUM) reached €3.8 trillion in 2022, second only to the 2021 year-end record high of €4.1 trillion,...
