News
Meridian Capital Orchestrates $737M in Financing for NYC M-F Portfolio Purchase
A major Manhattan multi-family transaction has taken place with the assistance of Meridian Capital Group.
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.
Economy Watch: Construction Spending, Home-Price Increases
U.S. construction spending during October was 1.1 percent higher than in September. According to CoreLogic, home-price increases are slowing down.
Economy Watch Weekly: GDP Strong, Housing Prices Moderate
Economy writer Dees Stribling offers his weekly roundup of indicators for the week ended Nov. 28.
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.
Spirit Realty Capital Closes $510M A+ Rated Net-Lease Mortgage Notes
Subsidiaries of Spirit Realty Capital have issued $510 million worth of net-lease mortgage notes under its Spirit Master Funding securitization structure.
Avison Young Debuts in Germany with New Office in Frankfurt
Just eight months after expanding beyond North American borders for the first time with the opening of offices in London and Thames Valley in the U.K., Toronto-headquartered commercial real estate services firm Avison Young has moved into Continental Europe and established a presence in Germany with a new office in Frankfurt.
Economy Watch: Manufacturing, Oil Prices
The U.S. manufacturing sector expanded in November for the 18th consecutive month. Worldwide oil prices dropped sharply on Friday.
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