Friday, February 21, 2020

NORTH AMERICA

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...

Goodman, CPP Investments commit US$2.5bn of equity to U.S. logistics partnership

Goodman Group and Canada Pension Plan Investment Board (CPP Investments) have committed an additional US$2.5 billion of equity to the Goodman North...

Digital Realty to acquire 49% interest in Westin Building Exchange in Seattle

Digital Realty has signed an agreement with Clise Properties to acquire a 49% ownership interest in the Westin Building Exchange in Seattle,...

UNITED KINGDOM

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...

UK commercial real estate investment activity reaches £9.7bn in December 2019

UK commercial real estate investment activity rebounded in December and early this year, total transactional activity for January 2020 was not as...

Kennedy Wilson sells Greater London multifamily community for $130m

Global real estate investment company Kennedy Wilson (NYSE: KW) has completed the sale of Pioneer Point, a wholly owned 294-unit multifamily community with 35,000...

Barings sells mixed-use building in London for £71m

Global real estate investment manager Barings has sold 7-10 Waterloo Place, a Grade II-listed mixed-use building in London on behalf of an...

Stanhope buys office building in London from Blackstone

Stanhope Plc has purchased the Building 7, a Grade A office building at Chiswick Park in London from funds managed by Blackstone,...

Hines buys mixed-use scheme in London’s West End

Hines has acquired a mixed-use retail and office scheme in the heart of London’s West End on behalf of the Hines European...

EUROPE

Hines buys mixed-use development in Amsterdam

Hines has acquired Pontkade Phase 3, a mixed-use residential and office development in Amsterdam, within NDSM-West regeneration area, on behalf of the...

MOST POPULAR

ASIA PACIFIC

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...

Frasers Property Retail buys AsiaMalls Management in Singapore

Frasers Property Retail, a retail-focused platform under Frasers Property Singapore, has agreed to acquire property manager AsiaMalls Management Pte. Ltd. (AsiaMalls Management),...

Greystar buys two properties in South Yarra, Melbourne

Greystar Real Estate Partners has acquired two existing office buildings for re-development in the Inner Melbourne market of South Yarra, Australia, on...

CRE FINANCE

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...

Allianz provides €310m financing for two acquisitions in Spain

Allianz Real Estate has provided financing worth over €310 million on two separate acquisitions in Spain. Over €180 million was provided for...

H.I.G. Realty Partners lends $33.1m on Denver Metro industrial/flex office portfolio

H.I.G. Capital, a leading global private equity investment firm with over $35 billion of equity capital under management, is pleased to announce...

Link Group buys European loan servicing business for €165m

Link Group, listed on the Australian Securities Exchange, has signed an agreement to acquire Pepper European Servicing (PES), the European loan...

REIT

CAREERS

CyrusOne announces CEO transition

CyrusOne Inc. (NASDAQ: CONE), a premier global data center REIT, announced that the Company’s Board of Directors has appointed Tesh Durvasula as...

LATEST ARTICLES

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...

Goodman Group profit up 11.4% to $942 million

Goodman Group announced its results for the full year ended 30 June 2019. The Group delivered operating profit of $942 million, up 11.4% on...

Grade A office tower in Adelaide sold to Singaporean REIT

Soilbuild Business Space REIT (“Soilbuild REIT”), a Singapore and Australia-focused real estate investment trust, has acquired 25 Grenfell Street, an iconic multi-tenanted...

Cromwell buys Brisbane CBD office tower

ASX-listed real estate investor and manager Cromwell Property Group has agreed to buy 400 George Street, Brisbane CBD office tower, for A$524.75 million.

Paramount acquires office assets in San Francisco

Paramount Group, Inc. has completed the acquisition of a 44% joint venture interest in 55 Second Street. Located in San Francisco’s South Financial...

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...

U.S commercial property price growth steady in July

U.S. commercial property prices held a steady pace of growth in July, shored up by industrial sector price gains, according to Real Capital...

Country Bank and OceanFirst Financial announce merger agreement

Country Bank Holding Company, Inc., parent company of Country Bank, has announced the signing of a definitive merger agreement with OceanFirst...

Amsterdam office building sold to Dream Global

EPISO 4, an opportunistic real estate fund advised by Tristan Capital Partners, has sold a 10,412 sqm Amsterdam office building- Teleport/Sloterdijk Office- in...

Cap rates for CRE assets stable in H1 2019, says CBRE

An advantageous balance of moderate growth, low inflation, and falling long-term interest rates in the U.S. kept capitalization rates (cap rates) for...