Arrow Capital Partners appoints head of Europe
Arrow Capital Partners, an investor and operator of real estate in Europe and Asia-Pacific, has…
Tristan Capital Partners raises €1.7b for latest fund
Tristan Capital Partners has completed the capital raising for the latest fund in its value-add/opportunistic…
JD.com buys 5-star Beijing hotel for $400m
A subsidiary of JD.com, a Chinese e-commerce company, has paid 2.7 billion yuan ($400 million)…
Alternatives set to outperform in United Kingdom
Alternatives accounted for more than £16.3 billion ($20.9 billion) of transactions in 2018, a further increase from 2017, £15.7 billion ($20.1 billion), according to the respondents to JLL’s U.K. alternative investors survey.
HCP pays $245m for mixed-use property in San Francisco area
HCP has purchased Sierra Point Towers, an office and life science campus, in the San Francisco suburb of Brisbane, Calif., for $245 million. The campus is in a South San Francisco life science submarket, a growing market.
Stanhope and Mitsui Fudosan to develop £800m expansion project
Stanhope and Mitsui Fudosan have signed an agreement to build an £800 million ($1 billion)…
Global delivery robots to grow to $34b by 2024
The delivery robots market is expected to grow from $11.9 billion in 2018 to $34…
JLL Capital Markets secures $280m for developers
JLL’s Capital Markets has secured $280 million on behalf of Midtown Equities and HK Organization…
CMBS delinquency rate reaches new post-crisis low in January at 3.02%
The Trepp CMBS Delinquency Rate opened 2019 on a positive note as the reading dropped again in January. The rate fell nine basis points from 3.11 percent in December 2018 to 3.02 percent in January, which represents a new post-crisis low. One year ago, the U.S. CMBS delinquency rate was 4.83 percent and six months ago, the U.S. CMBS delinquency rate was 3.81 percent.
IHG expands luxury experience-related hotel, emerging shift in sector
InterContinental Hotels Group (IHG) has acquired Six Senses Hotels Resorts Spas, a global operator of luxury hotels, resorts and spas, for €265 million ($300 million) in cash. IHG’s luxury brand hotel portfolio totals 300 luxury hotels around the world, with more than 100 set to open in the coming years. Within travel and tourism, the shift to experiences has increased.