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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...
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...
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...
Columbia Property Trust to acquire office tower in San Francisco for $239M
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...
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 ...
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,...
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...
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...
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 serve on the...
Safehold closes $620M ground lease at 425 Park Avenue in New York City
Safehold Inc. has closed on the previously announced acquisition of the existing ground lease at 425 Park Avenue in New York, NY for approximately ...
U.S CRE executives expect positive market conditions in 2020
U.S commercial real estate (CRE) executives report solid fundamentals are countering concerns about economic uncertainty and geopolitics,...
Greystar unveils new corporate headquarters
Greystar Real Estate Partners, LLC (“Greystar”), a global leader in the investment, development, and management of high-quality rental housing...
Countrywide sells LSH to US commercial real estate firm
UK’s property services group Countrywide has sold its non-core UK commercial real estate consultancy and transactional business, Lambert Smith...
AHIP REIT to acquire US hotel portfolio for $191m
American Hotel Income Properties REIT LP (AHIP) has agreed to acquire a portfolio of 12 well-maintained premium branded hotels for US$191 million...
Dream Global REIT wins regulatory approval for C$6.2bn sale to Blackstone
Dream Global REIT has received the regulatory approvals required for the closing of the previously-announced transaction pursuant to which...
Rexford buys three industrial properties for $56.1m
Rexford Industrial Realty, Inc. has acquired three industrial properties for $56.1 million. The acquisitions were funded using cash on hand....
Goodman buys 65 acres in Los Angeles
Goodman Group, the global owner, developer and manager of industrial property with approximately $33 billion of assets under management, has...
Schindler wins contract to elevate commuters around San Francisco
In a historic renovation of the city’s Bay Area Rapid Transit system, Schindler to install and replace 41 escalators to improve passenger movement...
Office Properties Income Trust sells US properties for $61.9m
Office Properties Income Trust (Nasdaq: OPI) has sold three properties for an aggregate sales price of $61.9 million, excluding closing costs. The...
CBRE buys UK real estate debt platform Laxfield Capital
CBRE has acquired Laxfield Capital, a real estate debt investment business with £818 million of assets under management in the United Kingdom. CBRE...
Norway’s fund, Prologis JV invests in $2bn U.S logistics portfolio
A joint venture between Norway’s sovereign wealth fund Norges Bank Investment Management which manages the world’s largest sovereign wealth fund...
Capital One appoints new head of commercial real estate
Capital One announced that Jamie Henderson will join as Executive Vice President and Head of Commercial Real Estate starting in January 2020....
Postal Realty Trust completes acquisition of 113-property USPS portfolio
Postal Realty Trust, Inc. (NYSE:PSTL) (the “Company”), an internally managed real estate investment trust that owns properties leased to the United...
KKR buys U.S real estate industrial portfolio
KKR, a leading global investment firm, today announced the acquisition of four industrial distribution properties totaling approximately 641,400...
Amazon to open fulfillment center in Auburndale, Florida
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...
Japanese firm buys office building in New York
Japanese Shimizu Corporation has acquired Albano Building, an office property located in Manhattan, New York from Vanbarton Group, the real estate...
U.S net-lease investment climbs in third quarter
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...
U.S. commercial property prices increase in October
U.S. commercial property prices increased by 7.5 percent year-over-year in October, according to the latest Real Capital Analytics CPPI (Commercial...
Americold to acquire Canada’s Nova Cold Logistics for C$337M
Americold Realty Trust announced it has entered into a definitive agreement to acquire Nova Cold Logistics, temperature-controlled operator based...
U.S commercial real estate market to continue to grow in 2020, says CBRE
The U.S. economy will continue its long expansion in 2020, supporting the solid fundamentals of the commercial real estate market, according to...