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Industrial Outlook Calls for Steady Growth in 2020
At a conference organized by Avison Young, industrial executives shed light on strategies for success in the late-cycle market.
TCN Worldwide Lands NYC Affiliate
LSL Advisors, led by executives with close ties to the global network, will represent TCN in the nation’s largest real estate market.
Angelo Gordon Raises $1.3B for Asia Fund
The alternative investment firm will target value-add and development opportunities primarily in Japan, South Korea, Hong Kong and mainland China.
Anbang to Sell US Hotel Portfolio in Record Deal
The Chinese insurer has agreed to sell a 15-property portfolio to a South Korean financial services firm.
Lexington Realty Buys Big, Eying E-Commerce
The $180 million portfolio transaction is part of the company’s plan to transition to a 100 percent industrial-focused net-lease REIT.
New Kennedy Wilson JV Acquires 1st Property
In partnership with Security Benefit, the company purchased an office campus in Bellevue, Wash., for $227 million. WeWork is among the tenants of the three-building asset.
Stanton Road Capital to Revamp Newly Acquired Orange County Asset
The new owner paid $209 per square foot for TriCentre, with Global Atlantic Financial Group providing the acquisition and development financing.
Top 5 Markets for Office Construction Activity
Some 175 million square feet was under development throughout the country as of June. CPE identified the top-performing metros in terms of supply as a percentage of existing stock.
Hersha Hospitality Refinances $300M Term Loan
The REIT took advantage of the interest rate environment to fix or hedge most of its outstanding debt in recent months, including refinancing two Manhattan hotels.
Sentinel, Paragon Merge Into New CRE Firm
The two practices united to create CREDE, which will provide services across all asset classes.