Prologis appoints new CFO
Prologis has appointed Tim Arndt as its new chief financial officer (CFO), effective April 1, 2022.
Arndt, who has been with Prologis since 2004, will succeed long-time CFO Tom...
Kennedy Wilson pays $418m for three Mountain West multifamily communities
Kennedy Wilson has acquired three wholly owned multifamily communities in the Mountain West region in three separate off-market transactions for $418 million.
The company acquired...
Commerz Real enters DC market with office purchase
Commerz Real, a subsidiary of German Commerzbank AG, has entered the Washington, D.C market with the acquisition of 1900 N Street for its open-ended...
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...
GFH pays $400m for medical clinics portfolio in US
Bahrain-based investment group GFH Financial Group has bought a medical clinics portfolio in the United States for US$400 million.
The portfolio is comprised of 11...
Knight Frank, Berkadia to establish global capital markets platform
UK-based property consultancy firm Knight Frank and Berkadia, a US-based commercial real estate group and joint venture of Berkshire Hathaway and Jefferies Financial Group,...
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...
WeWork names new chief executive officer
WeWork has appointed David Tolley as Chief Executive Officer.
Tolley has served as a WeWork Board Member since February 2023 and as interim Chief...
Canadian company unveils €450m hotel development plans across Portugal
Mercan Group, headquartered in Montreal, Canada, has revealed plans for a number of hotel developments to begin construction this year, signalling its significant investment...
Investcorp launches $526m industrial real estate venture in US
Global alternative investment firm Investcorp has joined forces with two sovereign wealth funds to launch a new $526 million venture aimed at acquiring industrial...
Slate acquires World Seafood Center in Oslo for NOK1.3bn
Slate Asset Management has acquired the World Seafood Center, a state-of-the-art, new build seafood refrigeration and distribution facility, located in Oslo Airport City, in...
Azora buys mixed-use office building in Boston for $101m
Azora, a global investment firm headquartered in Madrid, Spain, has purchased a mixed-use office building located at 149 Newbury Street in Boston for $101...
