Sunday, September 15, 2019

NORTH AMERICA

Blackstone closes global real estate fund at $20.5bn

Blackstone announced the final close of its latest global real estate fund, Blackstone Real Estate Partners IX (“BREP IX”). BREP IX has...

Radisson opens two hotels in New York City

Radisson has announced the opening of two hotels in Manhattan, New York City, Radisson Hotel New York Midtown-Fifth Avenue located at 25 West...

TerraCap Management acquires Denver office buildings for $71.7M

TerraCap Management LLC, a privately held investment firm headquartered in Estero, Florida, announced that it has acquired two eleven-story office buildings, Denver Corporate...

TA Realty sells logistics property portfolio for $1.04bn

TA Realty LLC announced that it sold an 8.3 million-square-foot, 96-property logistics portfolio for $1.04 billion to AEW Capital Management and Blackstone...

Austin office campus sold to joint venture

A joint venture between Starwood Capital and Vanderbilt Partners has acquired the Campus at Arboretum ("CAA"), a 319,000 square-foot suburban office campus...

HBC to sell Lord + Taylor for $100M

Canadian retail business group Hudson' Bay Company (HBC) announced on Wednesday that it has agreed to sell its Lord + Taylor department store...

UNITED KINGDOM

Commerz Real sells two hotels in London

Accor HotelInvest UK Limited has acquired two hotels, a four-star Novotel with 182 rooms and a two-star Ibis with 297 rooms, in...

M7 acquires industrial and office assets in UK for £29.9M

Pan-European investor and asset manager M7 Real Estate, has acquired ten industrial and office assets in the UK for £29.9 million, on...

Scottish commercial property sales fall in Q2 2019

Scottish commercial property sales continued to fall in the second quarter of 2019, with the total value of sales falling to its...

Investment bank Numis leases prime office space in City of London

UK-based investment bank Numis has leased prime office space at Gresham St Paul’s in the City of London to move its current...

City of London office space take-up exceeds 1m sq ft in July

Take-up of office space for July in the City of London reached 1.02m sq ft across 29 deals, more than double the...

Osborne+Co secures planning approval for Glasgow Grade A office project

UK-based Osborne+Co, the global property development and investment company, has secured planning approval from the Glasgow City Council for the construction of...

EUROPE

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ASIA PACIFIC

The largest coliving property in Southeast Asia opens in Singapore

CapitaLand’s wholly owned lodging business unit, The Ascott Limited (Ascott), has opened lyf Funan Singapore, the largest coliving property in Southeast Asia.

CBRE acquires project management company in Australia

CBRE Group, Inc. has acquired Montlaur Project Services Pty Ltd, a project management company in Australia. Montlaur is...

43-hectare industrial land parcel in Melbourne sold to Frasers Property

Frasers Property Australia has purchased a 43-hectare premier industrial land parcel from a private syndicate in Melbourne’s West for A$27.5 million.

Dexus sells North Shore Health Hub

Dexus has sold the North Shore Health Hub, Stage 1, currently under development at 12 Frederick Street, St Leonards, on a fund-through...

Abacus Property Group acquires self storage properties

ASX-listed Abacus Property Group has agreed to acquire five self storage properties for A$57 million. Abacus has purchased purpose-built...

Investors pull $13.8bn from EM securities in August amid trade tensions

According to The Institute of International Finance (IIF) capital flows tracker report, after a relative positive performance in July (with inflows of $24.3...

CRE FINANCE

U.S commercial/multifamily originations to hit new record this year

U.S commercial and multifamily mortgage bankers will close a record $652 billion in loans backed by income-producing properties this year, an increase...

Park Hotels secures $950M loan for Chesapeake acquisition

Park Hotels & Resorts Inc. announced that it entered into a $950 million unsecured delayed draw term loan agreement (“Term Facility”) in order to...

Tesco sells mortgage portfolio to Llyods Bank for £3.8bn

Tesco Personal Finance Plc. (‘Tesco Bank’) has sold its mortgage portfolio to Lloyds Banking Group for a cash consideration of c. £3.8bn....

Prologis Euro Finance LLC prices €1.8 bn of guaranteed notes due 2027, 2031 and 2049

Global logistics real estate company Prologis, Inc. announced that its subsidiary Prologis Euro Finance LLC has priced an offering of three series...

Flexible workspace provider Knotel raises $400M from Kuwaiti fund

Knotel, a flexible workspace provider, has completed a $400 million financing, led by Wafra, an investment arm of the Sovereign Wealth Fund...

U.S commercial/multifamily mortgage loan originations rise 10% in Q2

U.S commercial and multifamily mortgage loan originations increased by 10 percent year-over-year in the second quarter of 2019, and rose 29 percent...

REIT

Broadstone Net Lease acquires industrial portfolio for $735.7M

Broadstone Net Lease, Inc., has acquired a portfolio of 23 industrial and office/flex assets for approximately $735.7 million, excluding capitalized acquisition expenses....

CAREERS

LATEST ARTICLES

Hines acquires office building in Athens

Hines, the international real estate firm, has acquired one of the most prestigious office buildings in the center of Athens.

Australia’s Cromwell confirms takeover talks with UK REIT RDI

Global real estate invastment and manager, Australian Cromwell Property Group confirmed that it has made an approach to the board of...

Colony Industrial buys industrial warehouses in Northern New Jersey and Las Vegas, Nevada

Colony Industrial has acquired a 271,176 square feet Class A building in Northern NJ and two Class A light industrial buildings...

UK industrial and logistics market will remain strong in 2019 :JLL

According to JLL’s latest Industrial Tracker reprot, the UK industrial market continues to be the shining star of the property sector with...

ServiceTitan signs lease for office space in Glendale CA

ServiceTitan, the software company for the residential service business, has leased 125,000 square feet of office space at 800 N. Brand, a...

Hines and Chancerygate jointly acquire industrial sites in the UK

A joint venture between Chancerygate, industrial developer and Hines, asset manager, has acquired two industrial sites in the UK with a combined...

Keppel and co-investors to acquire prime commercial property in Shanghai

Keppel Corporation (Keppel Capital), through Alpha Asia Macro Trends Fund III (AAMTF III), Keppel Land China Limited (Keppel Land China) and other...

Lendlease acquires industrial site in Western Australia

The Lendlease-managed Australian Prime Property Fund (APPF) Industrial has acquired an industrial site at 45 Boom Street in Gnangara, Western Australia.

CIM Group to bring new entertaiment venue to Jack London Square, Oakland

CIM Group announced that it has secured a long-term lease with John McEnery IV to bring an approximately 40,000-square-foot entertainment venue with...

Hunt Capital Holdings buys Peak 8 Asset Management

Hunt Capital Holdings, a global leader in commercial real estate and infrastructure, ahas acquired Peak 8 Asset Management of Greenwich, Connecticut.