Business Specialties
CPE 100 Quarterly Sentiment Survey: Executives Eye 2016 as Peak Year; M-F Sector Still Rules
Almost half of the executives surveyed said that peak asset values and transaction volume across property types are still two years away. In the near term, most industry leaders expect stability rather than dramatic improvement.
Chambers Street Signs 159 KSF Office Lease at Jersey City’s 90 Hudson
Chambers Street Properties has signed new tenant Charles Komar & Sons to 159,141 square feet at 90 Hudson St., a 12-story office tower in Jersey City.
GIC Boosts U.S. Assets with $8B IndCor Industrial Portfolio from Blackstone
Blackstone decided to skip a planned IPO for IndCor Properties and sell the 117 million-square-foot industrial platform to GIC instead. Here’s why.
KBS Buys 296 KSF Office Tower in Dallas
KBS Capital Advisors has acquired 3811 Turtle Creek, a 296,000-square-foot Class AA office tower in Dallas, from MetLife Real Estate Investors.
Blackstone Sells IndCor Properties to GIC for $8B
In one of the largest industrial property transactions to date, Blackstone has agreed to sell IndCor Properties to GIC, Singapore’s sovereign wealth fund, for $8 billion.
INTERNATIONAL: Dubai Creek Harbour Selling Units in Second, Third Tower
Dubai Creek Harbour at The Lagoons has started selling more than 240 units in the second and third luxury residential towers in Dubai, Aby Dhabi and Doha, following the successful row of sales at the first tower.
BGC’s Acquisition of ARA to Drive NGKF’s M-H Growth
The acquisitions of ARA and its members representing substantially all of ARA’s revenues are expected to drive significant growth for NGKF within the multi-housing capital markets space.
Zillow Expands to 270 KSF at Russell Investments Center, Seattle
Zillow Inc. is going through a growth spurt so the company is adding a lot more elbowroom to its national headquarters with the expansion of its lease at the Russell Investments Center in downtown Seattle.
BGC to Acquire ARA for $110M
Global brokerage company BGC Partners, parent of Newmark Grubb Knight Frank, is buying Apartment Realty Advisors for approximately $110 million.
KSK, Kempinski to Manage M-U Development in Kuala Lumpur
Kempinski Hotels and KSK Land have signed a management agreement for the upscale 8 Conlay mixed-use development in Kuala Lumpur, Malaysia.