Shell signs agreement to sell Permian interest for $9.5b to ConocoPhillips by Andrea Zander | Sep 21, 2021 Shell Enterprises LLC, a subsidiary of Royal Dutch Shell, has reached an agreement for the sale of its Permian business to ConocoPhillips.
U.S. office asking rates rest below $40 per sf in August by Released | Sep 21, 2021 Average U.S. office asking rents inched up to $38.72 per square foot across the 50 largest U.S. office markets, plateauing at a 1.2 percent year-over-year increase.
Hines and NPS lead more than $2.5b bet on San Francisco by Andrea Zander | Sep 21, 2021 Hines and the National Pension Service of Korea (NPS) has acquired the historic Pacific Gas & Electric Company (PG&E) campus in the South Financial District in downtown San Francisco.
BioMed Realty to double U.K. life sciences portfolio by Andrea Zander | Sep 21, 2021 BioMed Realty has plans to deliver approximately 800,000 square feet of additional high-quality purpose-built lab space, following the acquisition of two new sites in Cambridge, England.
Evergrande’s less-than-grand effect at home and abroad by Jennifer Molloy | Sep 21, 2021 As the saying goes, “History doesn’t repeat, it rhymes.” Thirteen years ago this week, the collapse of Lehman Bros. in the United States sent shockwaves throughout the global financial system. Now, those same markets have been roiled amid growing concern of China Evergrande Group, one of China’s largest property developers.
U.K. family office merges with U.S. wealth manager by Released | Sep 20, 2021 London-headquartered global family office Alvarium Investments has agreed to merge with U.S. wealth management firm Tiedemann Group.
Capital Square to develop trophy multifamily tower in Raleigh by Released | Sep 20, 2021 The development arm of Capital Square plans to develop a 20-story class A multifamily tower.
The JF Petroleum Group to buy assets of RC Development Group by Released | Sep 20, 2021 The JF Petroleum Group has entered into a definitive agreement to acquire the assets of RC Development Group Inc.
Mexico Infrastructure Partners secures more than $1b for highway fund by Kali Persall | Sep 20, 2021 Mexico Infrastructure Partners (MIP) last month issued its first investment trust in energy and infrastructure.
Prime Data Centers to build one of Chicago’s largest data center campuses by Kali Persall | Sep 20, 2021 Prime Data Centers is expanding its presence into the Midwest market with the development of a 750,000-square-foot, 150-megawatt data center campus.