Friday, December 6, 2019

NORTH AMERICA

Caesars completes sale of The Rio in Las Vegas for $516.3M

Caesars Entertainment has completed the previously announced sale of The Rio in Las Vegas to a company affiliated with Dreamscape Companies ("Dreamscape"),...

Dodge Momentum Index increases in November

The Dodge Momentum Index moved 2.9% higher in November to 155.3 (2000=100) from the revised October reading of 150.9. The Momentum Index,...

Japanese Sumitomo buys office building in Phoenix

Tokyo-based Sumitomo Corporation has acquired the Collier Center, an office building in downtown Phoenix, Arizona, through its largest subsidiary Sumitomo Corporation of Americas...

The 10 most expensive streets in Canada

Toronto’s Bay Street is the most expensive street in Canada, according to JLL's Most Expensive Streets Report which reveals the priciest corridors...

WeWork opens monthly record number of new buildings

WeWork, the world’s leading co-working and space-as-a-service platform, reported that it has already opened a record 52 new buildings in cities across...

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...

UNITED KINGDOM

M&G suspends trading in £2.54bn property fund citing Brexit

M&G Investments (M&G) said on Wednesday it was temporarily suspending dealing in the shares of the M&G Property Portfolio (the Fund) and...

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...

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.

St. Modwen sells Swansea student accommodation for £38m

St. Modwen has sold its interests in a purpose-built student accommodation building at Swansea University Bay Campus for a total consideration of £38m....

Knight Frank, Work.Life form JV for flexible workspace platform

Global property adviser Knight Frank has formed a joint venture with flexible office provider Work.Life to launch a new flexible managed workspace...

Construction works begin on site at Swansea Central

Consruction works have started on site at Swansea Central, a core element of the £1 billion transformation of Swansea city centre.

EUROPE

CPI buys Warsaw Financial Center office building

CPI Property Group has acquired the prestigious Warsaw Financial Center(WFC) office building in Warsaw, Poland. CPI Property Group...

MOST POPULAR

ASIA PACIFIC

Scentre buys stake in Perth shopping centre for A$570M

Scentre Group has acquired a 50% interest in Garden City Booragoon shopping centre, Perth for A$570 million, inclusive of long-term property management,...

GDS buys data center campus in Beijing for US$348M

GDS Holdings, a developer and operator of data centers in China, has agreed to acquire a data center campus in the Shunyi...

City of Adelaide announces partner for $400m redevelopment project

Lord Mayor Sandy Verschoor announced ICD Property as the development partner for the iconic Central Market Arcade, a A$400 million redevelopment project...

Prologis increases investments in China

Global logistics real estate company Prologis, Inc. announced the expansion of its development venture in China which increased its development capacity to more...

Parramatta office property sold for $A105.3M

SC Capital Partners, on behalf of its SCORE+ Fund has exchanged contracts to acquire Two Wentworth Street, an office property in Parramatta,...

Stockland gets approval for commerial precinct in Sydneys Macquarie Park

Stockland announcd it has received development approval for the masterplan and first stage of its A$500 million M_Park development at Macquarie Park...

CRE FINANCE

European CMBS and commercial real estate face credit risks from economic uncertainty

New CMBS (commercial mortgage-backed securities) issuance in Europe will continue to be backed by moderately leveraged loans in 2020 as recessionary dangers...

Vornado completes $800m refinancing of 650 Madison Avenue

Vornado Realty Trust, a fully-integrated equity real estate investment trust, announced that its 20.1% owned joint venture has completed an $800 million...

PIC invests £195 million in Glasgow

Pension Insurance Corporation plc (“PIC”) has invested £195 million of debt finance in City Property Glasgow, a subsidiary of the Glasgow City...

Credit Suisse Investment Outlook 2020: Resilience after all

''Global economy and risk assets expected to continue to show resilience despite headwinds'' Investors are likely to...

VICI Properties announces closing of private offering of notes

VICI Properties Inc. (NYSE:VICI) (“VICI Properties” or the “Company”) announced that its wholly owned subsidiaries VICI Properties L.P. (the “Operating Partnership”) and...

Paramount completes $1.25bn refinancing of 1633 Broadway in Manhattan

Paramount Completes $1.25 Billion Refinancing of 1633 Broadway Realizing $179 Million of Net Proceeds Paramount Group, Inc. (NYSE: PGRE)...

REIT

Class A industrial asset in Phoenix sold for $31M

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JLL Income Property Trust has acquired Chandler Distribution Center, a 211,000 square foot, Class A industrial asset located in the Southeast submarket...

CAREERS

Cromwell appoints CFO Europe

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

LATEST ARTICLES

Brookfield closes US$15 billion Global Real Estate Fund

Brookfield Asset Management announced the closing of its latest flagship global private real estate fund, Brookfield Strategic Real Estate Partners III (BSREP...

Michael O’Brien to become Managing Director, Global Real Estate at QIC

Mr Michael O’Brien has resigned as Chief Financial Officer (CFO) of Vicinity to become Managing Director, Global Real Estate at QIC, according...

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...