News

Blackstone Completes $8B Acquisition of BioMed Realty

BioMed Realty Trust has announced the completion of its acquisition by Blackstone Real Estate Partners VIII LP, one of the biggest recent REIT privatizations.

CPE-RICS Report: BRICS and Oil

Tune in to this quarterly podcast as RICS economist Simon Rubinsohn and Editorial Director Suzann Silverman discuss the commercial property owner and investor market and how 2016 will play out.

Creative Office Space Opens in L.A.

The co-working concept is taking off with the latest such space from Village Workspaces heading to West L.A., offering large office spaces, event planning and more.

UCLA Survey Forecasts a Mostly Sunny Outlook for CRE

The latest Allen Matkins/UCLA Anderson Forecast Commercial Real Estate Survey shows optimism among CRE developers through 2018, but slight caution persists.

ibis Styles, an AccorHotels brand

AccorHotels to Sell $550M European Portfolio

AccorHotels announces exclusive negotiations for the sale of 85 European hotels to a new operator.

MetLife CRE Lending Tops $14B in 2015

MetLife Inc.’s real estate investment group hit $14.3 billion in CRE lending in 2015, a record for the insurance giant.

Economy Watch: No Daring Moves by the Fed

Hints of weakness in the U.S. economy seem to have influenced the Federal Open Market Committee’s decision to not raise interest rates further, but only time will tell.

Rendering of the Seppä shopping center, Jyväskylä, Finland

Development Giant Skanska Secures $62M for Finnish Shopping Center

Skanska is ready to break ground on a new retail center in Finland, scheduled for delivery in the fall of 2017.

Beriah Lewis Farm

Historic Beriah Lewis Farm Goes Solar with Kingspan Energy

Beriah Lewis Farm looks ahead to a bright future with Kingspan’s involvement.

Canyon Corporate Center

Hines Strengthens its Foothold in the Orange County Office Market

Hines will put the property through an extensive capital improvement program.