Sunday, July 5, 2020

NORTH AMERICA

Columbia, WeWork terminate lease at 149 Madison Avenue in Manhattan

Columbia Property Trust and WeWork have released a joint statement on Thursday regarding termination of WeWork’s lease at 149 Madison Avenue in...

Commercial/multifamily mortgage debt in U.S rises to $3.72 trillion

The level of commercial/multifamily mortgage debt outstanding rose by $61.0 billion (1.7 percent) in the first quarter of 2020, according to the...

Taubman Centers opens all properties in U.S. and Asia

Taubman Centers, Inc. announced that it has opened 100 percent of its shopping centers in the U.S. and Asia. The company said...

NRF chief economist says pandemic recession could already be easing but ‘no one has a crystal ball’

The economic downturn brought on by the coronavirus pandemic has officially been declared a recession, but National Retail Federation Chief Economist Jack...

Colony Capital completes additional steps in ongoing digital transformation and strategic plan

Marc Ganzi Becomes President and Chief Executive Officer of Colony Capital; Jacky Wu Assumes Role of Chief Financial Officer

KKR buys industrial properties for $260m

Global investment firm KKR has acquired two industrial distribution properties, totaling approximately 2.5 million square feet, in major markets of Chicago and Charlotte for $260...

UNITED KINGDOM

CBRE UK : Increased investment in online capabilities expected in the retail sector

Investment in online capabilities and delivery apps across the retail sector is expected to increase further, according to the latest research from...

Legal & General buys urban logistics scheme for £23m

LGIM Real Assets (Legal & General), on behalf of its Managed Property Fund (Fund), has acquired a 139,288 sq ft urban logistics...

BauMont buys two buildings at Thames Valley Park from Microsoft

BauMont Real Estate Capital, a real estate private equity investment firm, has agreed to acquire two office buildings, Buildings 4 and 5, at...

UK Commercial Property REIT completes sale of City of London office asset

UK Commercial Property REIT (UKCM), a FTSE 250 Real Estate Investment Trust listed on the London Stock Exchange and managed by Aberdeen...

LondonMetric announces two acquisitions totaling £73m

LondonMetric Property Plc (LondonMetric) has announced two acquisitions for a total consideration of £72.9 million. Through a £62.0 million sale and...

Savills estimates 72% drop in UK commercial property investment volume

Total UK commercial property investment volumes in Q2 2020 are set to have dropped by 72% compared to Q2 last year, estimates...

EUROPE

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ASIA PACIFIC

Digital Realty announces second data centre in Hong Kong

Digital Realty announced the development of a new, carrier-neutral data centre in a purpose-built facility in Hong Kong, to be named Digital...

Amazon Australia to open robotics fulfilment centre in Western Sydney

Amazon Australia said it plans to open its first Amazon Robotics fulfilment centre (FC) at Goodman’s Oakdale West Industrial Estate in Western...

Primewest buys two shopping centres from Charter Hall

ASX listed Primewest (PWG), a property fund manager with over A$4.5 billion of assets under management across all mainland states of Australia...

Hines to enter Bangalore office market

Global real estate firm Hines announced that it has partnered with DNR Group, a local real estate development group, to enter the...

Schroders to acquire stake in US$1.1bn Asian real estate investment manager

Schroders announced that it has reached an agreement to acquire a majority stake in Pamfleet, a real estate investment manager with offices...

ESR buys three prime logistics properties in East China

Warburg Pincus-backed APAC logistics real estate platform ESR Cayman Limited (ESR), has acquired a 100% stake in three prime logistics properties in...

CRE FINANCE

Commercial/multifamily mortgage debt in U.S rises to $3.72 trillion

The level of commercial/multifamily mortgage debt outstanding rose by $61.0 billion (1.7 percent) in the first quarter of 2020, according to the...

Walker & Dunlop acquires real estate advisory firm in New York City

Commercial real estate finance company Walker & Dunlop, Inc. has acquired Beler Advisory Group, an independent real estate advisory firm based in New...

JLL appoints Karen Brennan as new CFO

Jones Lang LaSalle Incorporated (JLL) has appointed Karen Brennan as Chief Financial Officer, effective July 15. Brennan, currently the Chief Executive Officer...

Cushman&Wakefield arranges $57m acquisition financing for Brooklyn multifamily property

Cushman & Wakefield announced that the real estate services firm served as the exclusive the adviser in the procurement of $57,000,000 in acquisition...

ICSC applauds congressional letter to Treasury and Federal Reserve requesting assistance for CMBS borrowers

As the COVID-19 crisis continues to threaten the viability of the shopping center industry due to the closure of stores and restaurants,...

SL Green closes $510 million mortgage on 220 East 42nd Street

SL Green Realty Corp (NYSE: SLG), Manhattan’s largest office landlord, today announced that it has closed on a new $510.0 million mortgage...

REIT

CAREERS

LATEST ARTICLES

Four Seasons to open luxury hotel and private residences in New Orleans

Four Seasons Hotels and Resorts, together with developers Carpenter & Company Inc. and Woodward Interests, LLC, will open a luxury hotel and...

Cromwell appoints CFO Europe

Cromwell Property Group has appointed Nigel Batters as Chief Financial Officer(CFO), Europe, with effect from April 2020. Based in Amsterdam, Nigel will...

Realty Income closes first tranche of CIM portfolio acquisition

Realty Income Corporation announced it has closed on the acquisition of 411 properties for approximately $1.035 billion, representing the first tranche of...

Colliers appoints Gil Borok as U.S President and CEO

Global commercial real estate services and investment management firm, Colliers International has appointed Gil Borok as President & Chief Executive Officer (CEO)...

Starwood Capital acquires UK urban industrial portfolio for £200m

Starwood Capital Group has acquired 10 UK urban industrial estates totalling 1.6 million square feet from an institutional client of Barings for...

Wells Fargo names Scott Powell chief operating officer

Wells Fargo & Company (NYSE: WFC) announced that Scott Powell has been named chief operating officer effective Dec. 9, 2019. He will...

Investor appetite for U.S. office assets increases, says Yardi Matrix

Prices for prime U.S. office assets have risen sharply this year. Office property transactions, spurred since summer by lower interest rates, totaled $74...

NewRiver acquires community pub company for £17.9m

NewRiver, a real estate investment trust(REIT) specialising in buying, managing and developing community-focused retail and leisure assets throughout the UK, has acquired a...

Sky announces new studio investment at Elstree

Sky has announced it plans to develop a new 32-acre, state-of-the-art TV and film studio at Elstree in Hertfordshire.

Commerz Real, Hines buy Tucherpark Munich from Hypovereinsbank

Commerz Real, a subsidiary of Commerzbank AG with approximately 33 billion euros in assets under management and Hines, the international real estate...