Friday, November 27, 2020

NORTH AMERICA

Marriott to debut St.Regis brand at Chicago’s iconic Vista Tower

Marriott International, Inc. has signed an agreement with Magellan Development Group to debut its St.Regis Hotels & Resorts brand at iconic Vista Tower project in...

Breakthrough raises $1bn for life science property fund

Breakthrough Properties (Breakthrough) announced that it has raised over $1 billion in capital for the Breakthrough Life Science Property Fund and in co-investments. Breakthrough Properties, a joint...

Elion Partners acquires last-mile industrial assets for $83m

Real estate investment firm Elion Partners has acquired four last-mile industrial distribution assets located across the West Coast for $83 million. The acquisitions comprise...

United Airlines Executive Chairman Oscar Munoz joins CBRE Group, Inc. board of directors

CBRE Group, Inc. (NYSE:CBRE) today announced that Oscar Munoz, Executive Chairman of United Airlines, has joined the company’s Board of Directors. Before assuming leadership of United’s...

KKR acquires four industrial properties in Atlanta for $136m

Global investment firm KKR announced that it has acquired four industrial distribution properties across the greater Atlanta metropolitan area for $136 million. The newly acquired properties...

CoStar Group to acquire Homesnap for $250m in cash

CoStar Group, Inc. announced that it has reached an agreement to acquire Homesnap, Inc., a digital residential real estate solutions provider, for $250 million...

UNITED KINGDOM

Hammerson appoints Grégoire Peureux as Chief Operating Officer

Hammerson plc announced the appointment of Grégoire Peureux to the newly created role of Chief Operating Officer. Grégoire will join the Group Executive Committee and...

LXi REIT acquires 11 foodstores and two discount stores for £61m

LXi REIT plc, a real estate investment trust incorporated in England and Wales, has acquired 11 foodstores and two discount stores from five different vendors/developers for a...

Hyatt to open new hotel in London

Hyatt Hotels Corporation announced that a Hyatt affiliate has entered into management agreement with R&F UK for a new Hyatt-branded hotel in London. The...

Accor partners with Ennismore to form global lifestyle hotel entity

Europe's largest hotel group Accor and Ennismore, the owner of Hoxton hotels, are entering into a partnership to form a global lifestyle entity in...

M7 Real Estate acquires UK industrial and office assets for £16.5m

M7 Real Estate (M7) has acquired four industrial and office assets in four separate transactions for a total of £16.5 million on behalf of...

Harworth acquires industrial property in Merseyside for £26m

Harworth Group plc said on Monday that it has acquired off-market Saturn Park, an industrial property in Knowsley, Merseyside, for £26 million plus acquisition...

EUROPE

MOST POPULAR

ASIA PACIFIC

Stockland appoints Tarun Gupta as next Managing Director and CEO

Tom Pockett, Chairman of Stockland, announced that the Board has appointed Tarun Gupta as Stockland’s next Managing Director and Chief Executive Officer (CEO). Tarun Gupta...

Singapore’s Mapletree to invest S$550m in Kyushu logistics market

Mapletree Investments Pte Ltd (Mapletree) has entered the Kyushu logistics market with a prime land acquisition measuring a total of 116,319 square metres in...

Charter Hall raises A$2.6bn for industrial fund

Australian fund manager Charter Hall announced that it has raised A$2.6 billion of equity commitments since April 2020 for its Charter Hall Prime Industrial...

ESR Australia Logistics Partnership buys industrial portfolio for A$302.5m

ESR Australia announced that ESR Australia Logistics Partnership (EALP) has purchased an industrial portfolio comprising 11 assets primarily located in the eastern seaboard cities...

Elanor sells shopping centre for $130m

Elanor Retail Property Fund (ERF) has agreed to sell the Auburn Central shopping centre in Western Sydney to SCA Property Group for A$129.5 million,...

Embassy REIT to purchase Embassy TechVillage assets in Bengaluru for $1.3bn

Embassy REIT, India’s first publicly listed REIT, has agreed to purchase Embassy TechVillage assets in Bengaluru from affiliates of Embassy Sponsor, Blackstone Sponsor and...

REIT

LXi REIT acquires 11 foodstores and two discount stores for £61m

LXi REIT plc, a real estate investment trust incorporated in England and Wales, has acquired 11 foodstores and two discount stores from five different vendors/developers for a...

Cromwell European REIT to buy logistics park in Italy for €52.6m

Cromwell European REIT (CEREIT) announced that its wholly-owned vehicle has entered into an agreement to acquire a freehold intermodal logistics park with nine warehouses...

Service Properties Trust sells eight hotels for $45.3m

Service Properties Trust, a real estate investment trust, or REIT, has sold eight TownePlace Suites branded hotels with 834 rooms for $45.3 million. The...

Rexford Industrial acquires two Class A industrial properties for $339.2m

Rexford Industrial Realty, Inc. has acquired two Class A industrial properties, a four-building industrial complex and a three-tenant industrial property, in Southern California for $339.2 million. The...

Embassy REIT to purchase Embassy TechVillage assets in Bengaluru for $1.3bn

Embassy REIT, India’s first publicly listed REIT, has agreed to purchase Embassy TechVillage assets in Bengaluru from affiliates of Embassy Sponsor, Blackstone Sponsor and...

Healthcare Realty forms joint venture with TIAA

Healthcare Realty Trust Inc. and Teachers Insurance and Annuity Association (TIAA) have formed a joint venture to invest in medical office buildings. Healthcare Realty...

CRE FINANCE

CAREERS

Hammerson appoints Grégoire Peureux as Chief Operating Officer

Hammerson plc announced the appointment of Grégoire Peureux to the newly created role of Chief Operating Officer. Grégoire will join the Group Executive Committee and...

LATEST ARTICLES

LaSalle signs office lease agreement with Memorial Sloan Kettering in Manhattan

LaSalle Investment Management and William Macklowe Company have signed a long-term office lease agreement with Memorial Sloan Kettering for a new six-story medical office...

Canada’s Ivanhoé Cambridge and Oxford Properties jointly to invest in IDI Logistics

Canada's Ivanhoé Cambridge and Oxford Properties announced that they have signed a 50-50 joint venture partnership agreement to invest in recently acquired U.S. logistics...

Vornado completes $167.5 million refinancing of Manhattan office building

Vornado Realty Trust has completed a $167.5 million refinancing of 61 Ninth Avenue, a Manhattan office building, said in a statement. The 170,000...

Brookfield closes US$15 billion global real estate fund

Brookfield Asset Management Inc. announced the closing of its latest flagship global private real estate fund, Brookfield Strategic Real Estate Partners III (BSREP III)....

AXA IM-Real Assets to commence Bristol city centre office development

AXA Investment Managers - Real Assets, with development manager Bell Hammer, announced that it will commence construction of the initial phase of its 300,000...

Benson Elliot and GCI launch office redevelopment in Paris

London-based Benson Elliot and Générale Continentale Investissements (GCI) announced the start of the office redevelopment project in the heart of La Défense in Paris. Latitude...

Ascendas Reit and Grab to build new headquarters in Singapore

Ascendas Real Estate Investment Trust (Ascendas Reit), and Grab, the leading O2O mobile platform in Southeast Asia, announced that they will construct Grab’s new...

China’s commercial real estate investment hits record high

Cushman & Wakefield has released its latest Greater China Capital Markets Express report. According to the report, commercial real estate (CRE) investment in China...

Marrickville Metro Shopping Centre development commences in Sydney

AMP Capital announced that Marrickville Metro Shopping Centre’s construction has begun this month.The $142 million development which AMP Capital is managing on behalf of...

Parkway Life REIT delivers DPU of 3.28 S cents for 4Q 2018

Parkway Life Real Estate Investment Trust, announced Distribution per Unit (“DPU”) of 3.28 Singapore cents and 12.87 Singapore cents for the fourth quarter...