ICSC applauds congressional letter to Treasury and Federal Reserve requesting assistance for CMBS borrowers
As the COVID-19 crisis continues to threaten the viability of the shopping center industry due to the closure of stores and restaurants, ICSC applauds...
CBRE Global Investors buys historic San Francisco office building
A fund sponsored by CBRE Global Investors has acquired 123 Townsend Street, a 137,625-square-foot office building in San Francisco’s SoMa neighborhood. The purchase price...
WeWork secures new $1.1bn commitment from Softbank
The We Company, a parent organization of WeWork, told employees on Thursday that it cut its cash burn rate almost in half to US$671...
Brookfield, Simon Property to acquire JCPenney’s retail and operating assets
J.C. Penney Company, Inc. announced that it has reached an agreement in principle to sell JCPenney through a court-supervised sale process. Brookfield Property Group...
Invitation Homes, Rockpoint form JV to acquire single-family rental homes
Invitation Homes Inc. has entered into an agreement with Rockpoint Group, L.L.C. to form a joint venture(JV) partnership to acquire single-family rental homes.
Invitation Homes...
AMC plans to reopen movie theatres in Northern California
AMC Entertainment said on Thursday that several AMC locations in Northern California, including San Francisco and the greater Bay Area, would begin operations on...
Bain Capital, Magnolia Capital form $900m JV to invest in multifamily housing
Bain Capital Real Estate and Magnolia Capital have formed a $900 million joint venture to invest in multifamily housing in primary and secondary markets...
JLL arranges $316m construction loan for industrial project in Queens
JLL has arranged a $316 million construction loan for the development of Grand Logistics Center, a 1.1-million-square-foot, state-of-the-art, multi-story distribution facility in the Queens...
Monmouth Real Estate buys industrial building in Atlanta for $96.7m
Monmouth Real Estate Investment Corporation has acquired a new 657,518 square foot industrial building located at 3150 Highway 42 in Locust Grove, GA. for...
Barings completes recapitalization of office property in Raleigh, NC
Barings announced Tueasday that it has closed a joint venture between Barings and The Fallon Company to recapitalize the Class-A+ office property, 301 Hillsborough,...
Office building in Charlotte sells for $201m
Stream Realty Partners (Stream) has sold 300 South Brevard Street, a 358,414-sq.-ft. office building in Charlotte, NC to South Korea's Hana Alternative Asset Management...
Hines Global buys second asset in Santa Clara
Hines Global Income Trust, Inc. has acquired a single-tenant office, research and development building at 5301 Patrick Henry Drive in Santa Clara, California.
This one-story,...
