Transactions | Jun 5, 2017 Blackstone makes $2b bid for Finland’s Sponda by Andrea Waitrovich Blackstone has made a €1.76 billion ($1.98 billion) takeover bid for real estate investor Sponda.
Transactions | Jun 5, 2017 Century Bridge Capital announces exit from second JV investment with Jingrui Holdings by Released Century Bridge Capital has successfully exited and repatriated the proceeds from its investment in China.
Transactions | Jun 5, 2017 Blackstone invests in Ascenty by Released Blackstone announced it has made an equity investment in Ascenty.
Research | Jun 2, 2017 REITs fall 0.1% in May by Loretta Clodfelter The U.S. REIT sector declined 0.13 percent in May, according to the FTSE NAREIT All Equity REITs Index. Year-to-date, the index is up 2.86 percent.
Research | Jun 2, 2017 Geopolitical uncertainty shapes global real estate transaction volumes by Released The latest paper from Savills, Global Real Estate Capital: Ebbs & Flows, reveals the level of global trading in real estate in 2016 was 25 percent ahead of the 10-year average, totalling nearly $770 billion, as investors recognise property as a safe haven for capital in the face of geopolitical uncertainty.
Transactions | Jun 2, 2017 New York REIT buys stake in Worldwide Plaza for $276m by Released New York REIT has acquired an additional 49.9 percent indirect equity interest in Worldwide Plaza in Manhattan.
Transactions | Jun 2, 2017 Blackstone confirms €12.25b sale of Logicor by Released The Blackstone Group confirms the €12.25 billion ($13.8 billion) sale of Logicor.
Transactions | Jun 2, 2017 Mapletree acquires U.S. student housing portfolio by Andrea Waitrovich Mapletree Investments has acquired a portfolio of student housing properties.
Transactions | Jun 2, 2017 Regent Co. to propose $10b revitalization plan of Baltimore by Andrea Waitrovich Virginia developer Regent Co. will be proposing a $10 billion public-private plan to revitalize the city of Baltimore as part of a strategy dubbed “The Baltimore Renaissance.”
Transactions | Jun 2, 2017 Nan Fung Development pays $3.16b for land site in Hong Kong by Andrea Waitrovich The Lands Department awarded the office-retail-hotel site in Hong Kong for $3.16 billion.
Fundraising | Jun 2, 2017 Deutsche launches new industrial fund by Jody Barhanovich Deutsche Asset Management has launched RREEF Core Plus Industrial Fund.
Research | Jun 2, 2017 U.S. adds 138,000 jobs in May by Loretta Clodfelter The United States added 138,000 jobs in May, according to the Bureau of Labor Statistics.
Research | Jun 2, 2017 CMBS delinquency rate falls 5 bps in May by Jody Barhanovich The U.S. CMBS delinquency rate fell modestly in May, dropping to 5.47 percent, a decrease of 5 basis points from April, according to Trepp.
Transactions | Jun 2, 2017 Recent commercial real estate transactions by Jody Barhanovich U.S.-based farm and construction firm Deere & Co. plans to buy privately held German road construction company Wirtgen Group, a German maker of road-construction equipment, for €4.6 billion ($5.2 billion).
Transactions | Jun 1, 2017 Canadian REIT acquires hotel northeastern U.S. portfolio by Released Canada-based American Hotel Income Properties REIT has agreed to acquire a hotel portfolio.
Transactions | Jun 1, 2017 Detroit unveils largest residential project in more than 20 years by Jody Barhanovich Olympia Development has unveiled the initial phase of residential development at The District Detroit.
Investors | Jun 1, 2017 PGIM, Kisco JV acquires senior housing sector by Jody Barhanovich PGIM Real Estate and Kisco Senior Living have formed a joint venture.
Research | Jun 1, 2017 Online sales in Europe reach €500b by Released Online sales in Europe are growing rapidly and reached nearly €500 billion ($560 billion) in 2016, representing 14 percent of total retail sales, according to BNP Paribas Real Estate.
Transactions | Jun 1, 2017 Skanska USA breaks ground on $349m N.J. hospital by Andrea Waitrovich Skanska USA has broken ground on its healthcare project in the Delaware Valley.
Transactions | Jun 1, 2017 Xenia Hotels & Resorts buys Orlando resort for $205m by Released Xenia Hotels & Resorts has acquired a hotel in Orlando from an affiliate of Hyatt Hotels Corp. for $205.5 million.
