Corporate Real Estate
EDP, ENGIE to Create Offshore Wind Titan
The partnership will primarily target markets in Europe, the U.S. and selected geographies in Asia, the regions where most of the growth is expected to come from.
Goldman Sachs to Buy European Budget Hotel Chain
PAI Partners, a leading European private equity firm, confirmed it is in exclusive negotiations to sell B&B Hotels, which has 486 hotels in 12 countries.
iintoo Buys RealtyShares Assets
With the completion of the transaction, the global real estate investment network has supplemented its assets under management by 150 percent, reaching a total value of $2.5 billion.
Ørsted’s Lincoln Clean Energy Acquires Coronal Energy
The acquisition deepens Ørsted’s expansion in the U.S. following its acquisition of Deepwater Wind from D.E Shaw Group in a $510 million deal in October.
Park Hotels, Chesapeake Lodging Trust to Merge in $2.7B Deal
Once the transaction is completed, the resulting company will own a 35,384-key, 66-property portfolio and have an estimated enterprise value of $12 billion.
Blackstone’s Conversion Earns Favorable Reviews
Observers respond favorably to the company’s decision to convert from a publicly traded partnership to a corporation.
Patrinely JV Sells Houston-Area HP Campus
Patrinely Group teamed up with USAA Real Estate and CDC Houston to develop HP Plaza, located within CityPlace, a 60-acre mixed-use development in Springwoods Village.
HBO Picks $350M Culver City Project for New HQ
The cable network will relocate its corporate home from Santa Monica to Ivy Station, a transit-oriented development in the West Los Angeles area.
Entergy HQ Commands $15M in Jackson, MS
The deal marks the second time CBRE has arranged the sale of the Class A building in the past 15 months.
How to Take Your CRE Data to the Bank
Information is a critical tool for identifying and understanding risks and opportunities. But many property- and service-based firms are not using it to its full potential, say Deloitte’s Steven Bandolik and John D’Angelo.