Wednesday, February 26, 2020

NORTH AMERICA

biproxi buys commercial real estate listing site OfficeSpace.com

Commercial real estate platform biproxi announced that it has acquired OfficeSpace.com, a commercial real estate (CRE) data and listing website.

Class A office campus in Silicon Valley sold for $276m

A joint venture between Northridge Capital, LLC, the Washington, D.C.-based real estate investment and asset management firm, and Kamco Invest, the Kuwait-based asset management...

Cushman & Wakefield acquires Colvill Office Properties in Houston

Cushman & Wakefield (NYSE: CWK) announced that the firm has acquired Colvill Office Properties, a leading provider of office agency leasing services...

Franklin Templeton to acquire Legg Mason for $4.5bn

Franklin Resources, Inc., a global investment management organization operating as Franklin Templeton, has agreed to acquire Legg Mason, Inc. for $4.5 billion...

US construction starts move lower in January

Total construction starts in the U.S slipped 6% from December to January to a seasonally adjusted annual rate of $759.2 billion, according...

Shorenstein sells Class A office towers in Santa Clara, CA

Shorenstein Properties LLC has sold Santa Clara Towers, the 11-story, twin Class A office towers totaling 445,000 square feet located along Highway...

UNITED KINGDOM

Commercial property sales in Scotland hit £3,37bn in 2019

The total value of commercial property sales in Scotland grew in 2019 for the third consecutive year. According to Scottish Property...

AXA IM – Real Assets acquires office building in Dublin’s financial centre

AXA Investment Managers - Real Assets (AXA IM - Real Assets) announced that it has exchanged on the acquisition of the La...

Far East Consortium announces partnership for mixed-use scheme in East London

Hong Kong-based Far East Consortium International Limited (FEC) has announced a partnership with UK retailer Sainsbury’s to redevelop the site of Sainsbury’s...

Hammerson completes largest UK retail parks portfolio sale in past decade

Hammerson plc has sold a portfolio of seven retail parks to Orion European Real Estate Fund V for £400m with expected net...

Deka Immobilien buys office building in Dublin for €153m

Deka Immobilien, a German investment firm, has acquired an office building in Dublin for €153 million for its new open-ended real estate...

BauMont buys retail park in Edinburgh with partner Ediston for £65m

BauMont Real Estate Capital (BauMont) has acquired Hermiston Gait Retail Park in Edinburgh with operating partner Ediston Properties from Aberdeen Standard Investments...

EUROPE

Skanska sells office building in Solna, Sweden for €310m

Skanska has sold an office building, Solna United, in Solna, Sweden, for SEK3.3 billion(app. €310 million) to a fund managed by DWS....

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ASIA PACIFIC

Cromwell lodges development application for A$85m office building in Canberra

Cromwell Property Group (Cromwell), a real estate investment manager listed on the Australian Securities Exchange, has lodged an $85 million development application...

ARA, QuadReal JV acquire Grade A office project in Melbourne

A joint venture between ARA Asset Management Limited (ARA), a global real assets fund manager, and QuadReal Property Group (QuadReal), a global...

Hongkong Land acquires prime mixed-use site in Shanghai for US$4.4bn

Hongkong Land Holdings Ltd, a unit of the Jardine Matheson Group, announced that it has acquired a prime 23.1 hectare mixed-use site...

PropTech firms optimistic about growth of their market, says KPMG survey

Real estate companies are increasing their engagement with digital, with 58 percent stating they have a digital strategy in place, up from...

ESR to build largest logistics facility in Greater Nagoya, Japan

Asia-Pacific focused logistics real estate platform ESR Cayman Limited (ESR) announced that it will invest an estimated JPY27 billion (approximately US$245 million)...

GIC acquires LG Twin Towers in Beijing for $1.15bn

Singapore’s sovereign wealth fund GIC has acquired LG Twin Towers in Beijing from South Korean conglomerate LG Group for over RMB 8...

CRE FINANCE

3650 REIT originates $35m loan to complete Tacoma multifamily development

3650 REIT (“3650”), a nationwide commercial real estate lender originating and servicing portfolio loans for relationship borrowers, has originated a nearly $35...

Slate Retail REIT completes $858m debt refinancing

Slate Retail REIT (TSX: SRT.U) (TSX: SRT.UN) (the "REIT"), an owner and operator of U.S. grocery-anchored real estate, announced it has completed...

Octopus Real Estate provides £29.6m development loan for mixed-use site in London

Octopus Real Estate, part of Octopus Group and UK-based real estate lender and investor, has signed an agreement with Matching Green to...

Commercial real estate lending activity in U.S remains strong in Q4

The Fed’s interest rate reductions, combined with continued economic growth, supported strong commercial real estate lending activity in Q4 2019, according to...

WeWork announces completion of new letter of credit facility

WeWork (“the Company”), the world’s leading co-working and space-as-a-service platform, today announced the closing of its new $1.75 billion senior secured letter...

Gantry buys Norris, Beggs & Simpson’s commercial real estate mortgage banking group

San Francisco-based Gantry, a commercial mortgage banking company, is acquiring Norris, Beggs & Simpson’s commercial real estate mortgage banking group, which includes...

REIT

CAREERS

ESR Australia announces management team appointments

ESR Australia announced a new management team appointments for New South Wales, Victoria and Queensland states. The company has appointed Scott Falvey...

LATEST ARTICLES

Australian retailer Coles Group signs agreement with Viva Energy

Australian retailer Coles Group has entered into an agreement to restructure the terms of the Fuel and Convenience Alliance (New Alliance)...

Frasers Property Europe appoints Arno van Geet as CFRO

Frasers Property Europe has appointed Arno van Geet as Chief Financial and Risk Officer from 1 April 2019.After this appoitment Tom de...

pbb and CaixaBank refinance an office portfolio in Madrid

German lender pbb Deutsche Pfandbriefbank and Caixabank provided a credit facility of €170 million to Tristan Capital Partners' EPISO Inestment Fund for...

Tristan Capital Partners and Timeless acquire office complex in Amsterdam

Tristan Capital Partners’ fund, EPISO 5 and Timeless Investments have acquired 18,000 sqm multi-tenant office complex in Amsterdam for about €54...

PATRIZIA sells two Holiday Inn hotels in Essen and Neu-Isenburg

PATRIZIA Immobilien AG has sold two Holiday Inn hotel properties in Essen and Neu-Isenburg on behalf of its special fund ‘PATRIZIA Hotel-Invest...

Colliers predicts record sales in Melbourne office market

According to Colliers International forecast, Melbourne metropolitan office market will hit another record in 2019. About AUD1.08billion worth of officer sales were...

Boston Properties to co-develop Class A office campus in San Jose

Boston Properties has signed agreement with an affiliate of San Francisco-based TMG Partners to develop Class A Office campus, Platform 16, near Diridon Station in downtown San Jose....

Harbor Hotel Provincetown secures $11.7 million loan

Holliday Fenoglio Fowler, L.P. (HFF) announced the $11.7 million financing of the 129-key Harbor Hotel Provincetown in Provincetown, Massachusetts.

Integra :’Most signs point to CRE market sensitivity’

Integra Realty Resources has released its latest Annual Viewpoint 2019 report which reveals a detailed overview of the U.S. local and national...

Starwood hires Anthony Balestrieri to lead its new Opportunity Zone investment

Anthony Balestrieri has appointed as a Senior Vice President in Starwood to lead its Opportunity Zone investment business.