Transamerica Pyramid in San Francisco sold for $700m
Transamerica Pyramid, the iconic skyscraper in San Francisco, has reportedly sold to a group led by New York developer Michael Shvo for $700 million...
Coronavirus : Nordstrom closes stores in U.S and Canada
Nordstrom, Inc. announced that it would temporarily close its stores, including Nordstrom full-line, Nordstrom Rack, Trunk Club clubhouses and Jeffrey in the U.S. and Canada for two weeks, effective March 17, to limit the...
Digital Colony establishes hyperscale data center platform in Brazil
Colony Capital's global digital infrastructure investment platform Digital Colony Management, LLC (Digital Colony) has established Scala Data Centers S/A (Scala), a hyperscale data center...
Greystone provides $76.7m refi for multifamily property in Huntingdon Valley, PA
Greystone has provided a $76,700,000 Fannie Mae Delegated Underwriting and Servicing (DUS®) loan to refinance Meadowbrook Apartments, a 531-unit multifamily property in Huntingdon Valley, Pennsylvania....
KKR raises $4bn for credit opportunities created by recent market volatility
Global investment firm KKR has completed a $4 billion capital raise focused on investing in credit opportunities created by recent market volatility.
KKR raised...
Blackstone appoints Google CFO Ruth Porat to its board
Blackstone said on Thursday that Ruth Porat, Chief Financial Officer of Alphabet Inc. and Google Inc., has joined its board of directors.
Commenting on the...
Singapore’s OUE to sell iconic Class A office property in Los Angeles for $430m
Singapore-listed property developer OUE Limited will sell the U.S. Bank Tower, a Class A office property located in downtown Los Angeles, California for US$430...
Moody’s Analytics forecasts US office vacancy rate hitting historic high of 19.9% in 2021
Moody’s Analytics today announced its new forecasts for commercial real estate (CRE) rents and vacancies, covering eight property types and more than 3,000 submarkets...
Aimco announces the formation of Apartment Income REIT, a self-managed $10 billion REIT, and...
APARTMENT INVESTMENT AND MANAGEMENT COMPANY (NYSE:AIV) (“Aimco”) announced today its plan to separate its business into two, separate and distinct, publicly traded companies, Apartment Income...
Newmark secures $454m refinancing for multifamily portfolio
Newmark Knight Frank (NKF) has closed a pair of structured transactions totaling $454 million for the refinancing of seven multifamily assets on behalf of...
San Francisco’s Transamerica Pyramid tower sells for $650m
A joint venture led by Deutsche Finance America and SHVO has completed the acquisition of the Transamerica Pyramid Center in San Francisco for $650...
KKR buys industrial distribution property in Phoenix for $32m
KKR has acquired an industrial distribution property in Phoenix for $32 million.
Built in 2001, the asset is a 32-foot clear height, Class A property located in...
