Korean office tower sells for $1.4b

by Andrea Zander

A consortium led by KakaoBank Corp. and Korea Investment & Securities Co., Ltd., has proposed to acquire Pangyo Tech One Tower, south of Seoul, from Mirae Asset Global Investments Co., Ltd. in a transaction valued at approximately KRW 2 trillion ($1.4 billion).

CapitaLand Investment’s Extra Space Asia expands to more than 100 self-storage facilities across Asia with acquisitions in Singapore and Tokyo

by Released

CapitaLand Investment Limited (CLI), a global real asset manager, announced that Extra Space Asia (ESA), its self-storage platform, is investing nearly S$100 million ($77 million) in its first build-to-suit flagship development in Singapore and acquiring three freehold self-storage facilities in Tokyo.   

JLL’s Paulina Torres on why retrofits are the future to meeting tenant and investor demand through sustainable real estate

by Andrea Zander

As occupier and investor preferences shift toward higher-quality, sustainable assets, the financial gap for outdated buildings continues to widen — placing mounting pressure on the market to act. Across major global markets, 84 percent of office and 73 percent of industrial and logistics stock is more than a decade old, creating acute obsolescence risk in established real estate hubs, according to JLL data.

SL Green announces acquisition of Park Avenue Tower

by Released

SL Green Realty Corp. has entered into a contract to acquire Park Avenue Tower, located at 65 East 55th St., for $730.0 million. The transaction is expected to close in the first quarter 2026, subject to customary closing conditions.