Marriott CEO Arne Sorenson dies at age 62
Arne Sorenson, the president and chief executive officer of Marriott International Inc., has passed away on February 15, 2021 at the age of 62.
In May...
KKR, Gulf Bay sell all condominium units in Mystique at Pelican Bay
KKR and Gulf Bay Group of Companies (Gulf Bay) have sold all condominium units in Mystique at Pelican Bay, a trophy luxury residential tower in Naples, Florida,...
AXA IM Alts grows Japanese real assets portfolio to €2.6bn
AXA IM Alts has acquired a portfolio of two residential assets in Osaka, Japan, from PGIM Real Estate Japan for ¥10.6 billion (c.€82 million)....
Brookfield announces $5bn retail revitalization program
Brookfield Asset Management has launched a 'Retail Revitalization Program' to recapitalize retail businesses in the major markets in which Brookfield operates globally. The compnay is targeting $5...
Brookfield repositions REIT strategy for anticipated real estate recovery
Brookfield has unveiled a series of enhancements to its private wealth real estate strategy, positioning Brookfield Real Estate Income Trust Inc. (Brookfield REIT) to...
TPG invests C$1.3bn in Oxford’s GTA industrial business parks
TPG has acquired a 75% interest in Oxford Properties Group's two Class-A industrial business parks in the Greater Toronto Area (GTA) for C$1.3 billion....
GLP raises $1.75bn for China logistics fund in first close
GLP has raised $1.75 billion for the first close of its logistics development fund, GLP China Logistics Fund III (GLP CLF III).
GLP plans...
GIC, ESR establish US$750m JV to invest in industrial assets in India
Singapore’s sovereign wealth fund GIC and ESR Cayman Limited have entered into an 80:20 strategic partnership to establish a US$750 million joint venture to...
Singapore tops Asian outbound real estate investment in 2019
For the second consecutive year, Singapore topped Asian outbound real estate investment in 2019 at US$15 billion, albeit reflecting a 33% decline y-o-y from...
United Airlines Executive Chairman Oscar Munoz joins CBRE Group, Inc. board of directors
CBRE Group, Inc. (NYSE:CBRE) today announced that Oscar Munoz, Executive Chairman of United Airlines, has joined the company’s Board of Directors.
Before assuming leadership of United’s...
Ivanhoé Cambridge, Lendlease launch new life science joint venture
Ivanhoé Cambridge and Lendlease have launched a new life science joint venture to invest in state-of-the-art labs, offices and manufacturing spaces in high-growth life science clusters...
NAB : Australian commercial property market sentiment falls in Q1 2020
Australian commercial property market sentiment fell 8 points to a below average 0 in the March quarter, according to The NAB Commercial Property Index...
