Tag: US commercial real estate
Prologis to buy industrial portfolio from Blackstone for $3.1bn
Prologis has agreed to acquire nearly 14 million square feet of industrial properties from opportunistic real estate funds affiliated with Blackstone for $3.1 billion in...
Real estate legend Sam Zell dies at 81
Sam Zell, the chairman of Equity Group Investments, Equity LifeStyle Properties, Equity Residential, and Equity Commonwealth, has passed away at the age of 81...
Ikea plans $2.2bn US investment in next three years
Ingka Group, the largest Ikea retailer, has announced an investment of more than €2 billion ($2.2bn) in its omnichannel growth strategy in the United...
GIC, Oak Street complete $15bn Store Capital acquisition
Singapore’s sovereign wealth fund GIC and real estate investment firm Oak Street have completed the previously announced acquisition of all of the outstanding shares of...
Knight Frank, Berkadia to establish global capital markets platform
UK-based property consultancy firm Knight Frank and Berkadia, a US-based commercial real estate group and joint venture of Berkshire Hathaway and Jefferies Financial Group,...
Savills expects global investment activity to rebound in H2 2023
In its global real estate outlook for 2023, Savills says that it expects investment activity to rebound in the second half of 2023, as...
LGIM Real Assets launches US real estate equity platform
Legal & General Investment Management Real Assets (LGIM RA) has announced the launch of a dedicated real estate equity platform in the United States. The...
University of California to invest $4bn in Blackstone REIT
The Office of the Chief Investment Officer of the Regents of the University of California (UC Investments) and Blackstone have formed a long-term...
Partners Group buys hyperscale data center platform EdgeCore in US
Swiss-based global private equity firm Partners Group has acquired EdgeCore Digital Infrastructure (EdgeCore), an owner, operator, and builder of hyperscale data centers in the US,...
WeWork to close 40 locations in US to reduce costs
Global flexible space provider WeWork Thursday said it plans to exit approximately 40 underperforming locations in the United States. The closures, comprised of approximately 41,000...
