Investment
INTERNATIONAL: Blackstone Disposes of Significant Investment in Sydney
Blackstone Real Estate Partners VI, through its portfolio company, Valad, has agreed to sell its first major property investment in Australia.
CBRE Global Investors Grabs Multi-Tenant Office Building in Denver
On behalf of an unidentified separate account client, CBRE Global Investors has acquired 700 Broadway, an office building in Denver where Anthem is the main occupier.
Duke Reduces Volume in Suburban Office Sector
Duke Realty Corp. has been quite vocal over the years about its strategy of transforming its portfolio into majority industrial and exiting many of its suburban office markets, and once again it is putting its money where its mouth is with its latest disposition.
INTERNATIONAL: Melco Crown Entertainment Opens City of Dreams Manila
Melco Crown Resorts and a subsidiary of Melco Crown Entertainment are opening the first international integrated leisure destination offering in Manila, Philippines.
W. P. Carey Grabs 73-Property Automotive Dealership Portfolio in the UK
W. P. Carey Inc.’s international footprint just grew by 1.6 million square feet.
Ivanhoé Cambridge Grows Its M-F Portfolio in San Francisco with Veritas Investments
Ivanhoé Cambridge and its partner Veritas Investments have boosted their multi-family holdings in San Francisco with the acquisition of 11 properties.
Blackstone Partners with Former DDR CEO
It didn’t take former DDR CEO Dan Hurwitz long to find a new position. Barely a month after leaving the shopping center REIT, Hurwitz will be partnering with Blackstone’s retail real estate portfolio companies.
Hines Finds Buyer for Pointe Metro Office Property in Suburban Paris
Hines may have had trouble initially finding a buyer for its Paris-area asset due to the state of the market, but now a purchaser has appeared for the 256,000-square-foot office building.
Auction.com Launches National Hospitality Division
Auction.com has expanded its hospitality business with the formation of a new division focused specifically on the sale of hotel properties.
Fundrise Markets 3 WTC Investment Opportunity
Fundrise is giving individual investors a chance to own a piece of 3 World Trade Center for as little as $5,000.