Asia Pacific commercial property investment falls 24% in second quarter
Economic and financial concerns and a renewed spate of lockdowns in China hampered commercial property deal activity in Asia Pacific in the second quarter...
Federal Reserve cuts interest rate by quarter point
The US Federal Reserve cut its key benchmark interest rate by a quarter point to a range of 2%-2.25% on Wednesday.
The Federal Open...
Brookfield announces new $950m mixed-use development in New York
Brookfield Properties has announced a new $950 million, 4.3 acre mixed-use development, named as Bankside, located along the waterfront in the South Bronx’s Mott...
BioMed Realty buys premier site in Seattle
BioMed Realty, a Blackstone portfolio company, has acquired Denny Park South site in Seattle, Washington.
Denny Park South site represents more than 600,000 square-feet...
ESR recaps 873,000 sqm balance sheet portfolio in China
ESR has entered into an agreement with an unnamed global institutional investor to recap a prime logistics and industrial portfolio (total GFA of over...
Logistics Property Co. closes $1bn develop-to-core fund
MIRA Real Estate-backed Logistics Property Company, LLC (LPC) has announced the closing of its develop-to-core fund, LPC Logistics Venture One, with total equity commitments...
ElmTree Funds sells $900 million net lease portfolio
ElmTree Funds (“ElmTree”), a real estate private equity manager, announced the sale of a majority position in a portfolio of predominantly industrial and office...
Keppel REIT sells interest in Brisbane office building for A$275m
Singapore-based Keppel REIT has divested its 50% interest in 275 George Street, a 31-storey freehold office building, in Brisbane, Australia to Charter Hall Prime...
Bahrain’s GFH buys $2bn Amazon-leased logistics portfolio in US
Bahrain-based financial investment group GFH has acquired an Amazon-leased logistics warehouse portfolio valued at more than US$2 billion.
The portfolio, comprised of 14 mission-critical logistics assets strategically...
Verity Health System completes sale of St. Vincent Medical Center to Dr. Patrick Soon-Shiong
-Verity Health System announces completion of the sale of St. Vincent Medical Center in Los Angeles, CA for $135 million
-The St. Vincent facility is...
U.S CRE executives expect positive market conditions in 2020
U.S commercial real estate (CRE) executives report solid fundamentals are countering concerns about economic uncertainty and geopolitics, maintaining an optimistic outlook for market conditions...
Sares Regis raises $328 million for value-add multifamily fund
On October 25, 2019, Sares Regis Multifamily Value-Add Fund III (the “Fund”) announced a final close, raising over $328 million in total equity commitments....
