Blackstone is no stranger to huge deals, and its latest transaction makes it the owner of 3.5 million square feet of industrial space in the United Kingdom after making a $335 million, 13-property purchase from Prologis.
Blackstone is no stranger to huge deals, and its latest transaction makes it the owner of 3.5 million square feet of industrial space in the United Kingdom after making a $335 million, 13-property purchase from Prologis.
Construction lenders raised concerns about the possibility of future overbuilding in key multi-family markets at the MBA CREF 2012 conference, which opened Monday in Atlanta.
Near the close of yesterday’s markets, Jamestown Properties and Rockwood Capital announced the $390 million acquisition of 530 Fifth Ave. — also known as the Bank of New York Building — which is soon to undergo a $20 million renovation to bring the property to Class A standards.
In a deal that took six months to finalize, C-III Capital Partners L.L.C. has completed its acquisition of NAI Global, the largest network of independent commercial real estate firms worldwide.
New leases for industrial properties “returned to levels not seen since prior to the 2008/9 recession,” according to a new fourth-quarter 2011 report by Cushman & Wakefield Inc.
Following increased demand for its products in China, Nike has just announced plans to build a 600,000-square-foot corporate campus in Shanghai that will be located in Tishman Speyer’s $2.5 billion The Springs development.
Grubb & Ellis has finalized the transfer of the dealer and advisory agreements of its REIT — formerly the Grubb & Ellis Healthcare REIT II — to a co-sponsorship between American Healthcare Investors and Griffin Capital.
In a deal that was pegged at $4.25 per share in a cash transaction, Ventas Inc. has acquired Cogdell Spencer Inc. and its 72 medical-office buildings around the country for what will aggregate to approximately $760 million to $770 million.
Manulife Real Estate has picked up the 30-story, 748,000-square-foot 10 Exchange Place in Jersey City for $285 million from Atlanta-based Invesco.