Saturday, January 25, 2020

NORTH AMERICA

KBS sells Von Karman Tech Center in Irvine, California to private investor for $25.4m

KBS, one of the largest owners of premier commercial real estate in the nation, has announced that it has sold Von Karman...

U.S commercial property prices rise 7.8% in December: RCA CPPI

U.S commercial property prices increased 7.8% year-over-year in December, closing out 2019 with a sixth consecutive month of accelerating growth, according to...

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...

Greystar announces first ground-up development project in Boston

Greystar Real Estate Partners, LLC (“Greystar”), a global leader in the investment, development and management of high-quality rental housing properties, today announced...

WeWork completes sales of Teem and its stake in The Wing

WeWork Completes Strategic Divestitures of Teem and its Minority Stake in The Wing WeWork, the world’s leading co-working and...

KBS signs lease extension with BNP Paribas for 53,186 square feet

KBS, one of the largest investors in premier commercial real estate in the nation, announced that it has signed a lease...

UNITED KINGDOM

Singapore’s Frasers Property buys UK business park for £135m

Singapore-listed Frasers Property has acquired Lakeshore, Bedfont Lakes Business Park in West London,UK from Evans Randall Investors for £135 million.

Real estate investors to focus on offices and alternatives in 2020, says Savills

According to Savills World Research, real estate investors will focus on offices in core city markets around the world in 2020, but...

UK commercial property investment exceeds £10bn in December 2019

UK commercial property investment increased by 14.6 percent in December 2019 to £10.2 billion from £8.9 billion recorded in December 2018, according to...

Commerz Real buys student accommodation in Dublin

Commerz Real Kapitalverwaltungsgesellschaft has acquired a student accommodation in Dublin  for its Commerz Real Institutional Smart Living Europe Fund from the developer...

Orchard Street buys industrial estate in Greater London for £40m

Orchard Street Investment Management (‘Orchard Street’), the commercial property investment manager, focused on the UK market, has acquired a prime industrial estate...

M&G Real Estate appoints joint agents on City of London office complex

M&G Real Estate has appointed Savills, Knight Frank and Cushman & Wakefield as joint agents on 40 Leadenhall Street in the City...

EUROPE

PATRIZIA buys tallest office building in Berlin

PATRIZIA AG has acquired Treptower, a landmark asset and the tallest office building in Berlin, Germany, from ARB Investment Partners.

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ASIA PACIFIC

Dare to adapt in a fast-changing world: CBRE APAC Real Estate Market Outlook 2020

Investors, tenants and landlords would be well advised to re-think their real estate strategies so they can adapt to a rapidly transforming...

World’s top 20 most dynamic urban centers

Hyderabad is the most dynamic urban center in the world, according to the latest JLL City Momentum Index. The results reveals that Asia Pacific...

CapitaLand’s Ascott opens serviced residence in Osaka

CapitaLand’s wholly owned lodging business unit, The Ascott Limited (Ascott),has opened its first Citadines serviced residence in Osaka, Japan.

Lendlease sells JV stake in A$1.2bn North Sydney tower project

Lendlease has sold a 25 per cent joint venture interest in the Victoria Cross Over Station Development Tower which is expected to...

German investment firm buys office property in Brisbane, Australia

German investment firm Deka Immobilien has acquired an office property in Brisbane, the capital of the state of Queensland in northeast Australia,...

ESR forms US$500m JV with GIC to invest in China logistics real estate

ESR Cayman Limited, the APAC focused logistics real estate platform, has entered into strategic partnership with Singapore’s sovereign wealth fund GIC to...

CRE FINANCE

JLL arranges $870m construction loan for Boston’s South Station project

JLL Capital Markets announced that it has arranged an $870 million construction loan for the first phase of the South Station redevelopment, which comprises a...

Warehouse REIT gets £220m debt facility from four lenders

Warehouse REIT, the AIM-listed warehouse investor, has entered into a new five year £220 million debt facility, to replace the existing HSBC...

H.I.G. Capital invests in Greek property company

H.I.G. Capital, LLC ("H.I.G.") has provided debt and equity financing to Dimand SA, a leading Athens based property and development company. Funds...

EJF Capital and AmWest form new strategic partnership

EJF Capital LLC (“EJF”), a global alternative asset management firm, and AmWest Asset Management LLC, an affiliate of The AmWest Group (“AmWest”),...

3650 REIT originates $50m loan to develop Center at Miami Gardens

3650 REIT (“3650”), a balance-sheet lender focused on creating long-term relationships by originating, servicing and asset managing long- and short-term fixed-rate commercial...

Allianz provides £120m of debt for prime asset acquisition in London

Allianz Real Estate has provided GBP120 million (EUR141 million) in debt financing to The Office Group (TOG), majority owned by real estate...

REIT

National Storage REIT confirms takeover offer from Gaw Capital

Hong Kong-based real estate private equity firm Gaw Capital Partners is in talks to buy National Storage REIT, Australia’s largest self-storage operator. ...

CAREERS

CBRE appoints Stuart McCann as Head of International Capital, Pacific and...

CBRE has appointed Stuart McCann as Head of International Capital, Pacific and Southeast Asia. He will assume the newly created role on 3...

LATEST ARTICLES

World’s top 20 most dynamic urban centers

Hyderabad is the most dynamic urban center in the world, according to the latest JLL City Momentum Index. The results reveals that Asia Pacific...

Construction starts fall 21% in December

According to Dodge Data & Analytics, total construction starts in the final month of 2019 dropped 21% from the previous month to a...

Principal buys Barcelona office property from Goldman Sachs

Principal Real Estate Europe, the European real estate investment arm of Principal Global Investors, has acquired the Torre Llacuna, an office property...

CapitaLand’s Ascott opens serviced residence in Osaka

CapitaLand’s wholly owned lodging business unit, The Ascott Limited (Ascott),has opened its first Citadines serviced residence in Osaka, Japan.

CBRE appoints Stuart McCann as Head of International Capital, Pacific and Southeast Asia

CBRE has appointed Stuart McCann as Head of International Capital, Pacific and Southeast Asia. He will assume the newly created role on 3...

Capital inflow to global data center market exceeds $100bn, says C&W

More than $100 billion has flowed into the data center ecosystem in the past decade with pension funds, private equity firms, infrastructure...

JLL appoints Sabine Eckhardt as CEO Central Europe

JLL has appointed Sabine Eckhardt as CEO Central Europe with effect from May 1, 2020. In the newly created position, which includes full responsibility for...

PATRIZIA sells retail portfolio in Germany

PATRIZIA AG has sold a retail portfolio totalling 68 properties in Germany to a fund managed by GPEP, a management platform specialised...

Brussels Finance Tower sold for €1.2 billion

Dutch real estate developer Breevast and investor ZBG Group of Companies (ZBG) have sold the landmark Brussels Finance Tower to listed South...

Commerz Real buys student accommodation in Dublin

Commerz Real Kapitalverwaltungsgesellschaft has acquired a student accommodation in Dublin  for its Commerz Real Institutional Smart Living Europe Fund from the developer...