Investment
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.
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.
StreetEasy Manhattan Condo Market Report: Pending Sales Surged 31% in October
The October StreetEasy Manhattan Condo Market Report revealed a flurry of activity from both buyers and sellers, which accounted for a 31 percent jump in pending sales from September to October, the largest monthly gain since May 2013.
INTERNATIONAL: Skanska Sells Green Office Property in Bucharest
Green Court Bucharest A will soon change hands. The first building of the approximately 560,000 square-foot office park is currently under Skanska Property Romania’s ownership and will be transferred to Globalworth Real Estate Investments Ltd.
Jamestown Grabs 220 KSF Cambridge Office Building for $136M
Jamestown has enhanced its presence in metropolitan Boston with the addition of the Davenport Building, a 220,000-square-foot office property in Cambridge, Mass.
Ivanhoe Cambridge, Callahan Capital Buy 2 Seattle Office Buildings for $280M
The deal gives the Montreal-based investment firm about 13 percent of downtown Seattle’s Class A office market.