Job growth slows in August with gain of 235,000 payrolls by Loretta Clodfelter | Sep 7, 2021 Total nonfarm payroll employment in the United States increased by 235,000 jobs in August.
Blackstone acquires real estate tech solutions company by Released | Sep 7, 2021 The Duchossois Group has entered into a definitive agreement to sell Chamberlain Group.
Columbia Property Trust to be acquired PIMCO in $3.9b transaction by Andrea Zander | Sep 7, 2021 Columbia Property Trust, an office REIT with a portfolio totaling 6.2 million square feet, has entered into a definitive agreement to be acquired by funds managed by Pacific Investment Management Co. (PIMCO) for $3.9 billion, including Columbia’s proportionate share of consolidated and unconsolidated debt.
Global hotel construction pipeline projects in early planning stage rise year-over-year by Andrea Zander | Sep 7, 2021 Lodging Econometrics (LE) has released its Global Hotel Construction Pipeline Trend Report.
Manulife Investment Management closes on more than 300,000 acres of Texas timberlands by Andrea Zander | Sep 3, 2021 Hancock Natural Resource Group, a company of Manulife Investment Management, announced the closing of a transaction on behalf of its client, AP3, with TexMark Timber Treasury L.P. (Triple T), a joint venture managed by CatchMark Timber Trust.
Focus Financial Partners acquires $9.4b wealth management firm by Released | Sep 3, 2021 Focus Financial Partners has plans to acquire Ancora Holdings.
Shell to develop 1.4GW floating wind project in South Korea by Andrea Zander | Sep 3, 2021 Shell Overseas Investment B.V. and CoensHexicon Co. have established a joint venture to develop and operate a 1.4-gigawatt floating wind project off the southeast coast of South Korea.
Hospitality market impresses during the first half of 2021 by Andrea Zander | Sep 3, 2021 The hospitality debt markets have been on an impressive tear in the first half of 2021, with spread tightening of 100 basis points to 200 basis points since January, according to JLL.
Family-owned lumber company enters winemaking market by Andrea Zander | Sep 2, 2021 Hampton Lumber, owner of Fennwood Vineyard and Tall Tree Vineyard, has signed a definitive agreement to acquire The Carlton Winemakers Studio.
Chevron, Bunge form $600m renewable-fuel JV by Released | Sep 2, 2021 Chevron U.S.A. and Bunge North America announced a memorandum of understanding (MOU) of a proposed 50-50 joint venture.
U.S. infra bill to generate $1.33t economic impact, study finds by Kali Persall | Sep 2, 2021 An economic impact analysis from IMPLAN Group has found that, if passed in the House of Representatives, the Infrastructure Investment and Jobs Act would generate $1.33 trillion in nationwide economic impact.
How is retail in America’s three largest cities recovering from COVID-19? by Andrea Zander | Sep 2, 2021 Retail visits have been higher in recent weeks.
Medical Properties Trust sells hospitals for $1.78b by Andrea Zander | Sep 2, 2021 Medical Properties Trust has entered into an agreement with Macquarie Infrastructure Partners V (MIP V) to form a partnership.
Data center market burgeons as demand grows and vacancy rates drop by Kali Persall | Sep 1, 2021 Demand for space in data centers rose in the first half of the year, as providers brought 214.3 megawatts of new space online during that time period, according to a new report from CBRE.
Tomorrow Water to deliver co-located water resource recovery facilities and data centers by Released | Sep 1, 2021 Anaheim, Calif.-based Tomorrow Water and its parent company, BKT Co., a wastewater treatment and sustainable waste management solutions company, have launched an initiative to develop co-located water resource recovery facilities (WRRFs) and data centers.
Sam Zell’s bid for Monmouth Real Estate rejected by Andrea Zander | Sep 1, 2021 Monmouth Real Estate Investment Corp. did not obtain the necessary stockholder votes to approve the previously announced merger with Equity Commonwealth.
Axia Real Assets closes its first net-lease vehicle focused on the U.S. grocery sector by Kali Persall | Sep 1, 2021 Axia Real Assets has closed its Axia U.S. Grocery Net Lease Fund I.
CalTier announces partnership with Alto by Released | Sep 1, 2021 CalTier Realty has announced a new partnership with Alto Solutions.
Riaz Capital launches new opportunity zone fund in San Francisco Bay Area by Kali Persall | Sep 1, 2021 Riaz Capital, a San Francisco Bay Area–based real estate development and management company, is seeking to raise $100 million for its latest opportunity zone development fund, the Ozone III fund.
Harbor Group International, Cammeby’s acquire N.J. multifamily portfolio for $1b by Andrea Zander | Sep 1, 2021 Affiliates of Harbor Group International (HGI) have formed a joint venture with Cammeby’s International Group.
AIG Global Real Estate forms industrial JV with LB Asset Management by Andrea Zander | Sep 1, 2021 AIG Global Real Estate, the global real estate equity investment manager of American International Group, has formed a joint venture with LB Asset Management.
Google to invest $1b in German cloud business by Andrea Zander | Aug 31, 2021 Alphabet Inc.'s Google with an agreement with ENGIE, a European utility, has plans to invest €1 billion ($1.18 billion) in digital infrastructure and clean energy in Germany, according to an announcement.
Crow Holdings forms $1b U.S. industrial JV with Abu Dhabi-based Mubadala by Andrea Zander | Aug 31, 2021 Crow Holdings has formed a joint venture with Mubadala Investment Co.
Financial market risks — real, but may be overstated by Andrea Zander | Aug 31, 2021 Concerns have risen about financial market risks, centering around elevated asset valuations and high corporate debt, according to Oxford Economics.
Low inventory continues to transform luxury real estate market by Released | Aug 31, 2021 Berkshire Hathaway HomeServices has released its 2021 Luxury Landscape Report.