University of California to invest additional $500m in Blackstone REIT
The Office of the Chief Investment Officer of the Regents of the University of California (UC Investments) and Blackstone announced an expansion of their long-term...
JV breaks ground on 1.1 msf logistics facility in Riverside County, California
A joint venture between The Newport Beach Business Unit of Trammell Crow Company (TCC) and Clarion Partners LLC. has started construction on Knox Logistics...
CBRE hires new CIO
CBRE has hired senior investment banker Croft Young as its new Chief Investment Officer (CIO).
Young will join the company in July from Morgan Stanley,...
Safehold closes $180m ground lease in New York City
Safehold Inc. has closed on the previously announced $180 million Safehold™ ground lease under the office property at 685 Third Avenue in New York...
Amazon to launch fulfillment center in Tampa Bay Area
Amazon.com, Inc. plans to launch a new, state-of-the-art Amazon fulfillment center in Temple Terrace, Florida.
The new fulfillment center, which is anticipated to launch in 2021, will...
Brookfield in exclusive talks to sell London’s CityPoint office tower
Brookfield Corp. is in exclusive negotiations to sell CityPoint, one of the City of London’s landmark office towers, for a price broadly in line...
Ares raises $1.8bn for tenth US value-add real estate fund
Ares Management Corporation has announced the final close of its tenth U.S. value-add real estate fund, Ares U.S. Real Estate Fund X, with $1.8...
WeWork to go public through $9bn SPAC merger
WeWork and BowX Acquisition Corp., a special purpose acquisition company (SPAC), have entered into a definitive merger agreement that will result in WeWork becoming...
Blackstone completes sale of BioMed Realty for $14.6bn
Blackstone today announced that Blackstone Real Estate Partners VIII L.P. and co-investors have completed their previously announced transaction to sell BioMed Realty, a life...
URW partners with Mill Creek on Westfield Garden State Plaza development
Unibail-Rodamco-Westfield (URW) has selected Mill Creek Residential (MCR) as co-developer for the first-phase of a multi-faceted, mixed-use development at Westfield Garden State Plaza in Bergen County, New...
PREIT files for Chapter 11 petition to execute financial restructuring plan
Mall owner PREIT, owns and operates over 22 million square feet of retail space in the eastern half of the United States, has filed a...
U.S. hotel industry reported unprecedented lows during April 2020, says STR
Due to expanded restrictions around the COVID-19 pandemic, the U.S. hotel industry reported unprecedented lows during April 2020, according to data from STR.
In a year-over-year...
