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Unico Properties buys Class-A office property in Seattle
Private commercial real estate investment and operating firm Unico Properties LLC, a subsidiary of Unico Investment Group LLC, has acquired...
Citi to buy office property from Uniland in Western New York
Citi has agreed to acquire an office property, 580 CrossPoint Parkway in the CrossPoint Business Park, and nine acres of adjacent land from Uniland...
Blackstone to acquire Bellagio from MGM Resorts for $4.25bn
Blackstone Real Estate Income Trust(BREIT) and MGM Resorts International will form a 95%/5% BREIT-led joint venture to acquire the real estate...
LaSalle announces life sciences property investment in San Diego
LaSalle Investment Management (“LaSalle”) has acquired partial interest in the world headquarters and life sciences campus of Illumina, a global...
TPG RE Finance Trust prices $1.2bn CRE CLO
Commercial real estate finance company TPG RE Finance Trust, Inc. announced that the Company priced TRTX 2019-FL3, a $1.23 billion managed...
Empire State Building announces new 102nd floor observatory
The Empire State Building announced the third phase of its top-to-bottom reimagined observatory experience, the newly renovated 102nd floor...
U.S multifamily rent growth slows but still strong
Even though U.S. multifamily rents declined in September 2019, the market “remains the picture of stability” amid turbulence in the larger...
LinkedIn signs expansion lease at Empire State Building
LinkedIn has signed its eighth expansion lease at the Empire State Building, adding three and a half floors and 188,653 square feet to its current...
Nuveen Real Estate buys $3bn logistics portfolio from Blackstone
Nuveen Real Estate has acquired a portfolio of more than 100 logistics properties across 12 markets in the U.S from Blackstone Group for $3 billion...
Rexford Industrial buys three industrial properties for $76M
Rexford Industrial Realty, Inc. has acquired three industrial properties for $76 million Rexford Industrial buys three industrial properties for ...
Postal Realty Trust to acquire 113-property USPS portfolio
Postal Realty Trust, Inc. has agreed to acquire a 113-property portfolio of USPS properties for approximately $31million. Postal Realty Trust to...
America’s richest real estate barons
Irvine Company Chairman Donald Bren is the richest real estate baron in America, with an estimated net worth of $17 billion.. America’s richest...
Multifamily properties in North Carolina sold for $109M
Investcorp has sold a portfolio of multifamily properties located in Raleigh, North Carolina to TruAmerica Multifamily for $109 million. Investcorp...
Blackstone to acquire industrial real estate assets for $5.9bn
Blackstone to acquire Colony Industrial, the industrial real estate assets and affiliated industrial operating platform of Colony Capital, for $5.9...
Mixed-use property in Atlanta sold for $187M
Columbia Property Trust, Inc. has sold Lindbergh Center, a 1.1-million-square-foot, mixed-use property in Atlanta, for $187 million. Mixed-use...
Paramount sells office building in Washington D.C for $154.5M
Paramount Group has sold Liberty Place, a 172,000 square foot office building located in the East End submarket of Washington, D.C., for $154.5...
US commercial property prices rise 6.7% y-o-y in August
US commercial property prices rise 6.7% y-o-y in August,according to the latest Real Capital Analytics CPPI (Commercial Property Price Indices)...
WeWork’s co-founder Adam Neumann steps down as CEO
WeWork’s co-founder and chief executive officer Adam Neumann has stepped down as CEO and will serve as non-executive chairman of the board.. WeWork...
Caesars Entertainment sells The Rio for $516M
Caesars Entertainment has signed an agreement to sell the Rio All-Suite Hotel & Casino (The Rio) in Las Vegas to an affiliate of Imperial Companies...
Blackstone launches last mile logistics real estate company in Europe
Blackstone has launched its pan-European last mile logistics real estate company, Mileway. Blackstone launches last mile logistics real estate...
Google to invest €3 billion in European data centers
Google plans to invest an additional 3 billion euros in data centers across Europe over the next two years. Google to invest €3 billion in European...
Class A office building in California sold to Singaporean REIT
Singapore-listed Manulife US Real Estate Investment Trust (“Manulife US REIT”) has entered into a purchase agreement with 400 Capitol Mall Owner, L...
Park Hotels completes acquisition of Chesapeake Lodging Trust for $2.5bn
Park Hotels & Resorts Inc. has completed its previously announced acquisition of Chesapeake Lodging Trust. Park Hotels completes acquisition of...
HCP to acquire life science property in Massachusetts for $332.5M
HCP, Inc. has signed a definitive agreement to acquire a 224,000 square foot life science property, located at 35 CambridgePark Drive for $332.5...
Average U.S. asking rents for office space rise 1.7% in H1 2019
Average U.S. asking rents for office space increased 1.7% over the six-month period ending in June, to $36.44.. Average U.S. asking rents for...
Digital Realty sells data centers to Singapore’s Mapletree for $1.4bn
Digital Realty has entered into definitive agreements with affiliates of Singapore-based Mapletree Investments Pte Ltd and Mapletree Industrial...
Blackstone funds to acquire Canada’s Dream Global for C$6.2bn
Real estate funds managed by Blackstone to acquire Canada’s Dream Global REIT in an all-cash transaction. Blackstone funds to acquire Canada’s...
U.S commercial/multifamily originations to hit new record this year
U.S commercial and multifamily mortgage bankers will close a record $652 billion in loans backed by income-producing properties this year, an...
Broadstone Net Lease acquires industrial portfolio for $735.7M
Broadstone Net Lease, Inc., has acquired a portfolio of 23 industrial and office/flex assets for approximately $735.7 million, excluding...
Radisson opens two hotels in New York City
Radisson has announced the opening of two hotels in Manhattan, New York City... Radisson opens two hotels in New York City CRE Herald