Newsline

Keppel DC REIT and Keppel have indirectly entered into agreements with unrelated third-party sellers to collectively acquire 90 percent effective interests in Tokyo Data Center 4 and Tokyo Data Center 5, two freehold, fully fitted hyperscale colocation data centers in Inzai City, Greater Tokyo, Japan.

TMG Partners, one of the San Francisco Bay Area’s largest mixed-use property developers, and Grove Real Estate Partners, a multidisciplinary commercial real estate investment firm, in a joint venture with Lone Star, have acquired Washington Holdings’ class A R&D portfolio, the largest and most cohesive institutionally owned 2.2 million-square-foot collection of predominantly single-story research and development properties in Silicon Valley.

Avila Real Estate Capital, which finances land acquisition, development and construction for homebuilders and land developers across the United States, has closed a $305 million credit facility with a master-planned community developer to fund the development and construction of more than 3,000 lots in California.

Tishman Speyer has closed on the acquisition of Songdo CoStay, a stabilized 411-unit living asset in Songdo, Incheon, South Korea.

Tishman Speyer has refinanced The Franklin, its two-tower office complex in Chicago’s West Loop, with a $340 million commercial mortgage-backed securities loan.

Cohen & Steers Real Estate Opportunities Fund, a fund managed by Cohen & Steers, has acquired Oak Hill Plaza, a shopping center in Austin. The acquisition was made through a joint venture with Trademark Property Co., a real estate investor, developer, and operator with expertise in retail assets in Texas.

Blackstone is offering to sell as much as a 25.03 percent stake in India's Knowledge Realty Trust through an offer for sale that could raise approximately INR 119.88 billion ($1.26 billion), according to Reuters.

Kennedy Wilson has partnered with Shimizu Corp. to develop Caldwell, a 382-unit luxury multifamily community in Sandy Springs, Ga.

Four Points by Sheraton Sydney, Central Park has been sold to Singapore-based Hoi Hup Realty Pte Ltd. for $201.8 million, marking the group’s first entry into the Australian property market.

The Meridian Group (TMG) and Harrison Street Asset Management (HSAM), an alternative global investment management firm with approximately $109 billion in assets under management, in partnership with HLM Associates, has announced the acquisition of the Stoneleigh and Newbrook campuses, a five-building, 431,000-square-foot office portfolio in Chantilly, Va.

Canyon Partners Real Estate announced that it has jointly provided a $74.7 million senior construction loan with J.P. Morgan to BCT Development, a joint venture between Bain Capital Real Estate and Cherry Tree Development, for the ground-up development of a class A rental townhome community located in Riverside, Calif.

Brennan Investment Group has recapitalized two portfolios containing 22 buildings totaling 1.12 million square feet in Moorestown, N.J., and Nashville, Tenn.

Core Spaces (Core), a vertically integrated real estate investment manager, developer and operator, has delivered approximately 6,000 new student housing beds across six purpose-built student housing communities ahead of schedule for the 2026 academic year.

MA Financial has acquired two Australian retail assets for nearly A$190 million ($136 million), according to The Australian.

Petraville Asset Management has acquired City Center Tower, an office property in Seoul’s central business district, for KRW 292.7 billion ($211 million).

EQT Real Estate Industrial Value Fund V, managed by EQT, has completed the sale of a 46-building logistics portfolio totaling approximately 10.5 million square feet across the Southeast United States to an affiliate of California-based LBA Realty.

Velocity Financial has entered into a definitive agreement to acquire the operating platform of Toorak Capital.

Brookfield has acquired a new multiunit logistics development within the Nepean Business Park in Penrith, Western Sydney.

Greystar has acquired a 265-bed purpose-built student accommodation (PBSA) property called Copley Court in Cork from Elkstone Real Estate, further expanding its Irish PBSA portfolio.

Rockpoint and Holland Partner Group, a fully integrated real estate investment company, have entered into a joint venture to develop Stevens Creek, .