Corporate Real Estate
CBRE Closes on ING’s Europe Operations for $540M
In another piece of its acquisition of ING Group’s real estate management operations, CBRE has just closed on the European business — paying $540 million — after nabbing the Asia operations last month.
Industry Leaders Dial Back Expectations: Real Estate Roundtable
While several surveys of late have generally said the economic outlook is improving, the CRE executives at the Real Estate Roundtable have seen their outlook drop to its lowest point since 2009.
ULI Special Report: Capital Markets Executives Say “Be Patient”
“Be patient” was the advice of executives opening day two of the ULI Fall Meeting. With the economy’s direction tough to predict right now but in their opinion unlikely to take a second dip into recession, waiting out the volatility will bear fruit.
Kennedy Wilson: $1.8B U.K. Deal ‘Is Our Largest’
Kennedy Wilson makes its biggest splash ever in the loan-acquisitions game with an agreement to acquire a performing portfolio from Bank of Ireland for a whopping $1.8 billion, with an eye toward continuing to acquire in the United Kingdom.
Why Blackstone’s $1.1B Bet Goes Against the Grain
The Blackstone Group’s $1.1 billion acquisition last week of a suburban office portfolio from Duke Realty Corp. challenges conventional wisdom on multiple fronts — and departs from the standard approach of grabbing core office product in a handful of markets.
Cushman Hires Five-Person Brokerage Firm in New Jersey
Cushman & Wakefield has snapped up a five-person office-brokerage team from Jones Lang LaSalle to help bolster its foothold in Central New Jersey. Paul Giannone will serve as executive vice president and will lead the group.
Special Servicer Helios AMC Acquires The Situs Cos.
Helios AMC, the special-servicer sponsored by Ranieri Partners, and the global real estate advisory firm The Situs Cos. will join forces but will retain the Situs name.
CBRE Acquires ING’s Real Estate Investment Management Operations in Asia
CBRE has taken a big step toward the completion of its $940 million acquisition of substantially all of ING Group N.V.’s securities and management businesses, closing on the purchase of ING Group’s operations in Asia,
Cushman: NYC ‘A Hot Leasing Market’
In its third-quarter overview, Cushman & Wakefield painted a scene of a picturesque New York City leasing market.
WTC’s 1 MSF Condé Nast Lease to Lead Downtown’s Return to Glory
New York City’s office market has been in the slow-but-sure post-recession rebound mode for the last several months but the long-awaited announcement has created such a buzz that industry experts believe it will kick the recovery of Manhattan, and downtown in particular, into high gear.