KKR and Ontario Teachers submit revised bid for Spark Infrastructure by Kali Persall | Jul 16, 2021 A consortium consisting of KKR and Ontario Teachers’ Pension Plan Board has made a revised takeover offer of A$5 billion ($3.7 billion) for Australia’s Spark Infrastructure.
Blackstone REIT buys $5.1 affordable housing portfolio by Andrea Zander | Jul 16, 2021 American International Group and Blackstone Real Estate Income Trust (BREIT), a long-term, perpetual capital vehicle affiliated with Blackstone, have reached a definitive agreement for BREIT to acquire AIG’s interests in a U.S. affordable housing portfolio for approximately $5.1 billion.
Report shows pain for hotels, malls from COVID-19 crisis by Andrea Zander | Jul 15, 2021 Trepp has released a report assessing the impact of the pandemic on commercial real estate (CRE) property performance, reviewing net operating income (NOI), net cash flow, expenses and occupancy data.
Black Creek Industrial REIT IV adds 8.3msf of industrial assets for $920m by Andrea Zander | Jul 15, 2021 Black Creek Industrial REIT IV has closed on the acquisition of 48 industrial properties totaling 8.3 million square feet.
Alternative real estate poised for larger role in portfolio by Andrea Zander | Jul 15, 2021 Alternative real estate sectors, including healthcare, alternative housing, and technology, are poised for a bigger role in portfolios based on longer-term demographic trends as well as pandemic-related changes in how people live and work.
Blackstone-backed Altus Power to go public with CBRE, forming $1.58b firm by Released | Jul 15, 2021 Altus Power, a Blackstone-backed clean-electrification company, will go public via a business combination with CBRE Acquisition Holdings.
Manhattan office occupancy and leasing tick up, still long road ahead by Andrea Zander | Jul 15, 2021 New York City is slowly rebounding from pandemic fallout with physical office occupancy increasing as tenants formulate return-to-office plans, according to Savills.
Last-mile logistics have become commercial real estate’s newest growth engine by Mike Consol | Jul 15, 2021 There is a sea change afoot in the warehouse and logistics business as manufacturers and retailers alike seek to deliver their wares to customers with same-day speed and efficiency.
China: Export growth picked up, defying supply chain headwinds by Andrea Zander | Jul 15, 2021 Exports surprised on the upside in June, shrugging off the impact of the temporary Shenzhen port closure and other local supply chain bottlenecks.
What’s driving low Treasury yields? by Andrea Zander | Jul 14, 2021 Kristina Hooper, chief global market strategist, Invesco, wrote in her blog exploring the four potential drivers behind the fall of treasury yields.