Wednesday, June 26, 2019

NORTH AMERICA

Google to invest $1bn in residential housing across Bay Area

Google announced that it will invest additional $1 billiion in residential housing across the San Francisco Bay Area. In...

Class A office tower in Charlotte sold to joint venture

A joint venture between Crescent Communities and Nuveen Real Estate, has acquired 101 North Tryon, a Class A office tower in Charlotte.

Allianz buys 49% stake in New York’s iconic office building for $384m

Allianz has closed another stake acquisition in Hudson Yards, New York's $25 billion mixed-use development, according to the press release on Friday.

Google to expand in Texas with new data center and office spaces

Google announced it has started construction works of new data center in Midlothian and the lease of two new buildings to expand...

Realm Group buys 1.5-acre site in Downtown Los Angeles

A joint venture between Realm Real Estate and The Bascom Group, Realm Group has acquired a 1.5-acre site to build a 36-story, 422-unit...

Investcorp acquires 11 U.S. multifamily properties for $370m

Investcorp has acquired 11 new U.S. multifamily properties for $370 million. The portfolio is composed of 2,615 units. The acquisition marks Investcorp’s...

UNITED KINGDOM

Singapore’s Mapletree buys office property in Dublin

Singapore-based Mapletree Investments has acquired an office property in Dublin from Marlet Property Group, an Irish property developer, represents Mapletree’s first office...

Hines buys logistics center in Enfield, Greater London

Hines has bought an 85,000-square-foot urban logistics center in Enfield, Greater London, on behalf of the Hines Pan-European Core Fund.

Panattoni acquires prime site in Slough

Panattoni, an industrial and logistics developer in Europe, has acquired a prime 30 acre site in Slough to develop an industrial led...

LGIM Real Assets sells Birmingham office building for £140m

LGIM Real Assets (Legal & General) has sold Birmingham office property 'Priory Court & The Lewis Building' on behalf of its second...

Benson Elliot sells Birmingham office property for £37.7m

UK-based private equity real estate fund manager Benson Elliot Capital Management has sold Birmingham office property, 11 Brindleyplace, to Blue Noble for...

CLS acquires office property in London for £53.9m

CLS Holdings has acquired office property in London, 9 Prescot Street, for £53.9 million excluding costs. The property is...

EUROPE

PATRIZIA buys German retail assets

PATRIZIA AG has acquired retail assets in northern Germany on behalf of one of its pan-European funds from a private Irish vendor. 

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ASIA PACIFIC

Emperor International acquires commercial building in Hong Kong

Emperor International Holdings has acquired a commercial building,CentreHollywood, at No. 151 Hollywood Road, Hong Kong for HK$595 million from Hong Kong...

Frasers Property and ESR buy development site in Melbourne

A joint venture between Frasers Property Australia (Frasers Property) and ESR Australia has acquired a 4.67 hectare site at 254 Wellington Road,...

Dexus commences transformation of MLC Centre retail precint in Sydney

Dexus has commenced construction on a development that will transform the MLC Centre precinct into a vibrant community offering retail, dining, cultural...

CapitaLand to sell interest in three malls in China for RMB2,960m

CapitaLand has signed an agreement with CapitaLand Retail China Trust (CRCT) to sell its interest in three malls in China – CapitaMall...

Starwood and Arrow buy A-Grade office complex in Sydney

The two joint owners, Centuria Capital Group subsidiary Centuria Property Funds Limited and US giant BlackRock, have sold A-Grade office complex,...

Google purchases land at Goodman Business Park in Tokyo

Google has signed an agreement with Goodman to purchase a land at Goodman Business Park in Greater Tokyo. Google plans to build...

CRE FINANCE

CTP agrees €1.9bn syndicated financing package in CEE’s largest real estate transaction ever

CTP, a full-service, commercial real estate developer and manager, and a consortium of three banking groups agreed on underwriting package of...

pbb provides €41m facility for Helsinki logistics centre acquisition

pbb Deutsche Pfandbriefbank has provided an investment facility of EUR 41 million to a property vehicle recently set up by Ness, Risan...

U.S. commercial, multifamily mortgage debt reaches $3.46tn in Q1 2019

U.S. commercial and multifamily mortgage debt outstanding rose by $45.4 billion to $3.46 trillion in the first quarter of 2019, a 1.3...

Madison Realty Capital provides $50m first mortgage loan for Brooklyn project

Madison Realty Capital (MRC) has provided a $50 million first mortgage loan collateralized by a development project across 58 and 66 Gerry Street and coupled...

U.S commercial and multifamily mortgage loan originations rise 12% in Q1

Commercial and multifamily mortgage loan originations increased by 12 percent year-on-year in the first quarter, according to the Mortgage Bankers Association's (MBA)...

Commercial mortgage spreads increase in Canada

CMLS Financial, one of Canada’s largest, independently owned mortgage services companies, has released their latest Commercial Mortgage Commentary, an in-depth analysis of the...

REIT

Paramount to acquire trophy office building in San Francisco

Paramount Group, Inc., a fully-integrated real estate investment trust, has agreed to acquire 55 Second Street, a trophy office building located in...

CAREERS

LATEST ARTICLES

Green light for £1bn Olympia London project

Deutsche Finance International and YOO Capital 's £1bn project to turn Olympia London into a world-leading cultural hub has been...

Canada’s Avison Young completes acquisition of U.K.-based GVA

Canada based global commercial real estate services firm Avison Young has completed the acquisition of U.K.-based GVA, real estate advisory firm .

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...

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...

Vornado completes $167.5 million refinancing of Manhattan office building

Vornado Realty Trust has completed a $167.5 million refinancing of 61 Ninth Avenue, released in a statement. The 170,000 square foot newly...

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...

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...

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...

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...

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...