Morgan Properties pays $410m for two Midwest portfolios
Morgan Properties has acquired two portfolios totaling eight apartment communities and 2,986 units in Illinois and Indiana for $410 million.
The Illinois portfolio consists of...
StepStone Group invests $300m in ACRE’s multifamily platform
Global real estate private equity firm ACRE has secured a $300 million capital commitment from StepStone Group as part of a new strategic partnership.
ACRE...
Swiss Life invests in JFK International Airport’s New Terminal One project
Swiss Life Asset Managers on behalf of its funds has taken a minority equity stake in JFK International Airport’s New Terminal One development project....
Google to buy Thompson Center in Chicago’s Loop
Google on Tuesday announced it intends to buy the iconic James R. Thompson Center building in Chicago’s Loop.
Google plans to convert the Thompson...
Panattoni enters Asian markets with first operations in India
European industrial real estate developer Panattoni has entered the Asian markets with the opening of its first operational headquarters in India, located in Bengaluru.
Panattoni...
ADIA hires Drew Goldman as global head of real estate
The Abu Dhabi Investment Authority (ADIA) has appointed Drew Goldman as Global Head of Real Estate in its Real Estate Department, effective from 03...
ESR announces over US$1bn in first close of inaugural data centre fund
ESR has announced the first close of over US$1 billion in equity commitments for its inaugural vehicle, Data Centre Fund 1, dedicated to the...
ESR enters Hong Kong logistics market by winning Kwai Chung land bid
ESR has entered the Hong Kong logistics market by winning the Hong Kong government Kwai Chung land bid for HK$5.26 billion ($688 million) to...
Blackstone completes $7.6bn acquisition of PS Business Parks
Affiliates of Blackstone Real Estate have completed the previously announced acquisition of all of the outstanding shares of common stock of PS Business Parks...
KKR buys Microsoft-leased office asset in Atlanta
Global Atlantic Financial Group, a majority-owned subsidiary of KKR, has purchased Atlantic Yards, a Class A trophy, two-building office asset located in Midtown Atlanta,...
Mandarin Oriental sells Washington DC hotel to Handerson Park for $139m
Mandarin Oriental International has agreed to sell its Washington D.C. hotel to Henderson Park, a private equity real estate manager headquartered in London.
On...
Lendlease, Mitsubishi Estate pay $800m for Sydney One Circular Quay project
Australian real estate group Lendlease and Japanese real estate developer Mitsubishi Estate Asia have formed a joint venture to acquire the One Circular Quay project...
