Blackstone to purchase Bluerock Residential Growth REIT in $3.6b deal by Andrea Zander | Dec 20, 2021 Bluerock Residential Growth REIT has entered into a definitive agreement with affiliates of Blackstone Real Estate in an all-cash transaction valued at $3.6 billion.
Bridge Industrial and CPP Investments form $1.1b JV for build-to-core industrial assets by Andrea Zander | Dec 20, 2021 Bridge Industrial, a privately owned, vertically integrated real estate operating company and investment manager, and Canada Pension Plan Investment Board (CPP Investments) have formed a joint venture to develop industrial properties in several core markets across the United States.
IREI Webinar: NFI-ODCE Index – Third Quarter Update by Andrea Zander | Dec 20, 2021 Geoffrey Dohrmann, executive chairman and CEO of Institutional Real Estate, Inc. and Garrett Zdolshek, portfolio manager of Investors Diversified Realty, discuss the most recent quarterly return of the NFI-ODCE Index, which was the highest in the history of the benchmark (since first quarter 1978).
TPG files IPO paperwork by Andrea Zander | Dec 17, 2021 Private equity firm TPG has submitted paperwork for an initial public offering in the United States. It listed an offer size of $100 million in an S-1 filing.
J.P. Morgan launches U.S. Applied Data Science Value Fund by Andrea Zander | Dec 17, 2021 J.P. Morgan Asset Management has launched its first mutual fund.
NYC office buildings may make full recovery by July 2022 by Andrea Zander | Dec 17, 2021 A report says that Americans are heading back to office buildings in New York as 2021 winds down.
Equinix and Nasdaq announce cloud infrastructure partnership by Kali Persall | Dec 17, 2021 Equinix has formed a partnership with Nasdaq to scale the Equinix NY11 data center in New Jersey to support the buildout of Nasdaq's cloud infrastructure.
Diversity is a priority for majority of CRE firms, global benchmark reveals by Andrea Zander | Dec 17, 2021 The first global benchmark of diversity, equity and inclusion (DEI) metrics for commercial real estate shows there is a clear mandate and momentum for DEI to be a priority, with 92 percent of firms adopting a DEI program or initiatives to improve DEI in the workplace.
Earthstone Energy grows presence in New Mexico’s Delaware Basin by Kali Persall | Dec 17, 2021 Earthstone Energy has agreed to acquire the assets of privately held Chisholm Energy Holdings for $604 million.
Fairstead, Invesco buy nearly 2,000 units in NY in largest affordable housing deal of 2021 by Andrea Zander | Dec 17, 2021 Fairstead and Invesco Real Estate have acquired 1,904 affordable units across 48 buildings and 2.3 million square feet in the Bronx in what is the largest deal of its kind in New York this year by both portfolio and investment size.