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Japanese Sumitomo buys office building in Phoenix
News 3 hours ago
Japanese Sumitomo buys office building in Phoenix
Source CRE HERALD

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

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Prologis increases investments in China
News 7 hours ago
Prologis increases investments in China
Source CRE HERALD

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

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WeWork opens monthly record number of new buildings
News 1 day ago
WeWork opens monthly record number of new buildings
Source CRE HERALD

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...

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Columbia Property Trust to acquire office tower in San Francisco for $239M
News 1 day ago
Columbia Property Trust to acquire office tower in San Francisco for $239M
Source CRE HERALD

Columbia Property Trust, Inc. announced that it is under contract to acquire 201 California Street, a 272,000-square-foot, Class A office tower in...

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Starwood Capital acquires UK urban industrial portfolio for £200m
News 1 day ago
Starwood Capital acquires UK urban industrial portfolio for £200m
Source CRE HERALD

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

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Investor appetite for U.S. office assets increases, says Yardi Matrix
News 1 day ago
Investor appetite for U.S. office assets increases, says Yardi Matrix
Source CRE HERALD

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

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Realty Income closes first tranche of CIM portfolio acquisition
News 1 day ago
Realty Income closes first tranche of CIM portfolio acquisition
Source CRE HERALD

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

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Colliers appoints Gil Borok as U.S President and CEO
News 2 days ago
Colliers appoints Gil Borok as U.S President and CEO
Source CRE HERALD

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

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Wells Fargo names Scott Powell chief operating officer
News 2 days ago
Wells Fargo names Scott Powell chief operating officer
Source CRE HERALD

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

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Safehold closes $620M ground lease at 425 Park Avenue in New York City
News 3 days ago
Safehold closes $620M ground lease at 425 Park Avenue in New York City
Source CRE HERALD

Safehold Inc. has closed on the previously announced acquisition of the existing ground lease at 425 Park Avenue in New York, NY for approximately ...

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U.S CRE executives expect positive market conditions in 2020
News 3 days ago
U.S CRE executives expect positive market conditions in 2020
Source CRE HERALD

U.S commercial real estate (CRE) executives report solid fundamentals are countering concerns about economic uncertainty and geopolitics,...

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Greystar unveils new corporate headquarters
News 3 days ago
Greystar unveils new corporate headquarters
Source CRE HERALD

Greystar Real Estate Partners, LLC (“Greystar”), a global leader in the investment, development, and management of high-quality rental housing...

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Countrywide sells LSH to US commercial real estate firm
News 6 days ago
Countrywide sells LSH to US commercial real estate firm
Source CRE HERALD

UK’s property services group Countrywide has sold its non-core UK commercial real estate consultancy and transactional business, Lambert Smith...

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AHIP REIT to acquire US hotel portfolio for $191m
News 1 week ago
AHIP REIT to acquire US hotel portfolio for $191m
Source CRE HERALD

American Hotel Income Properties REIT LP (AHIP) has agreed to acquire a portfolio of 12 well-maintained premium branded hotels for US$191 million...

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Dream Global REIT wins regulatory approval for C$6.2bn sale to Blackstone
News 1 week ago
Dream Global REIT wins regulatory approval for C$6.2bn sale to Blackstone
Source CRE HERALD

Dream Global REIT has received the regulatory approvals required for the closing of the previously-announced transaction pursuant to which...

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Rexford buys three industrial properties for $56.1m
News 1 week ago
Rexford buys three industrial properties for $56.1m
Source CRE HERALD

Rexford Industrial Realty, Inc. has acquired three industrial properties for $56.1 million. The acquisitions were funded using cash on hand....

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Goodman buys 65 acres in Los Angeles
News 1 week ago
Goodman buys 65 acres in Los Angeles
Source CRE HERALD

Goodman Group, the global owner, developer and manager of industrial property with approximately $33 billion of assets under management, has...

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Schindler wins contract to elevate commuters around San Francisco
News 1 week ago
Schindler wins contract to elevate commuters around San Francisco
Source CRE HERALD

In a historic renovation of the city’s Bay Area Rapid Transit system, Schindler to install and replace 41 escalators to improve passenger movement...

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Office Properties Income Trust sells US properties for $61.9m
News 1 week ago
Office Properties Income Trust sells US properties for $61.9m
Source CRE HERALD

Office Properties Income Trust (Nasdaq: OPI) has sold three properties for an aggregate sales price of $61.9 million, excluding closing costs. The...

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CBRE buys UK real estate debt platform Laxfield Capital
News 1 week ago
CBRE buys UK real estate debt platform Laxfield Capital
Source CRE HERALD

CBRE has acquired Laxfield Capital, a real estate debt investment business with £818 million of assets under management in the United Kingdom. CBRE...

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Norway’s fund, Prologis JV invests in $2bn U.S logistics portfolio
News 1 week ago
Norway’s fund, Prologis JV invests in $2bn U.S logistics portfolio
Source CRE HERALD

A joint venture between Norway’s sovereign wealth fund Norges Bank Investment Management which manages the world’s largest sovereign wealth fund...

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Capital One appoints new head of commercial real estate
News 1 week ago
Capital One appoints new head of commercial real estate
Source CRE HERALD

Capital One announced that Jamie Henderson will join as Executive Vice President and Head of Commercial Real Estate starting in January 2020....

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Postal Realty Trust completes acquisition of 113-property USPS portfolio
News 1 week ago
Postal Realty Trust completes acquisition of 113-property USPS portfolio
Source CRE HERALD

Postal Realty Trust, Inc. (NYSE:PSTL) (the “Company”), an internally managed real estate investment trust that owns properties leased to the United...

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KKR buys U.S real estate industrial portfolio
News 1 week ago
KKR buys U.S real estate industrial portfolio
Source CRE HERALD

KKR, a leading global investment firm, today announced the acquisition of four industrial distribution properties totaling approximately 641,400...

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Amazon to open fulfillment center in Auburndale, Florida
News 1 week ago
Amazon to open fulfillment center in Auburndale, Florida
Source CRE HERALD

Amazon plans to open a fulfillment center in Auburndale, Florida. It is expected to create more than 500 new full-time jobs in the region. Amazon...

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Japanese firm buys office building in New York
News 1 week ago
Japanese firm buys office building in New York
Source CRE HERALD

Japanese Shimizu Corporation has acquired Albano Building, an office property located in Manhattan, New York from Vanbarton Group, the real estate...

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U.S net-lease investment climbs in third quarter
News 2 weeks ago
U.S net-lease investment climbs in third quarter
Source CRE HERALD

U.S net-lease investment, comprising office, industrial and retail properties, increased by 30.2% year-over-year to $20.9 billion in Q3 2019, the...

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U.S. commercial property prices increase in October
News 2 weeks ago
U.S. commercial property prices increase in October
Source CRE HERALD

U.S. commercial property prices increased by 7.5 percent year-over-year in October, according to the latest Real Capital Analytics CPPI (Commercial...

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Americold to acquire Canada’s Nova Cold Logistics for C$337M
News 2 weeks ago
Americold to acquire Canada’s Nova Cold Logistics for C$337M
Source CRE HERALD

Americold Realty Trust announced it has entered into a definitive agreement to acquire Nova Cold Logistics, temperature-controlled operator based...

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U.S commercial real estate market to continue to grow in 2020, says CBRE
News 2 weeks ago
U.S commercial real estate market to continue to grow in 2020, says CBRE
Source CRE HERALD

The U.S. economy will continue its long expansion in 2020, supporting the solid fundamentals of the commercial real estate market, according to...

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