Smaller investment sales declined 29% at midyear, but outpace institutional sales by Released | Aug 30, 2023 Deals for properties valued at $5 million to $25 million declined 29 percent to approximately $38.9 billion from January through June.
Manhattan hotel sells for $623m by Andrea Zander | Aug 30, 2023 The $450 billion Qatar Investment Authority (QIA), a sovereign wealth fund, has purchased Manhattan’s Park Lane Hotel for an estimated price of $623 million.
Marquee Capital completes Fund II first close by Released | Aug 30, 2023 Marquee Capital has exceeded their fund launch goal of $30 million.
Vornado, HPP, Blackstone, NYC form PPP venture by Andrea Zander | Aug 30, 2023 Vornado Realty Trust, Hudson Pacific Properties (HPP), Blackstone, the City of New York, and New York City Economic Development Corporation (NYCEDC) have entered into Manhattan’s first public-private partnership venture to build a purpose-built studio campus at Pier 94.
4 Rivers Property Group, Declaration Partners, Big Cypress Capital form Southeast U.S. self-storage JV by Released | Aug 30, 2023 4 Rivers Property Group, Declaration Partners, and Big Cypress Capital have formed a joint venture to develop class A self-storage facilities in growth markets throughout the Southeastern United States.
PwC survey reveals business leaders are optimistic regarding economic environment, business risks by Released | Aug 29, 2023 Business leaders are increasingly optimistic about the economic and business environment and their companies’ ability to mitigate risk.
CapRock Partners breaks ground on 1.27msf industrial warehouse in Visalia, Calif. by Released | Aug 29, 2023 CapRock Partners has broken ground of Building 1 at CapRock Central Point III.
AXS Investments teams with Gapstow Capital Partners to add real estate income ETF by Released | Aug 29, 2023 AXS Investments has formed a new ETF.
Peregrine Energy, AB CarVal finalize $700m financing agreement to support renewable-energy, storage projects by Released | Aug 29, 2023 Peregrine Energy has signed an agreement with funds managed by AB CarVal to raise more than $700 million.
DST Farmland launches Delaware Statutory Trust Investment Opportunity by Released | Aug 29, 2023 DST Farmland has formally launched Central Washington Farms DST through the AcreTrader platform.