News
$100M Bid Wins Trophy Hotel in Beverly Hills
EOS Investors prevailed in the competition for the Viceroy L’Ermitage, which had been seized by the federal government because of the previous owner’s involvement in a money-laundering scheme.
TPG Buys Northeast Nashville Industrial Property
The 133,186-square-foot asset, built between 1982 and 1998, last changed hands in early 2019.
COVID-19 Boosts Demand for Single-Tenant Drugstores
Cap rates for the property type increased while available stock declined, according to a new report from The Boulder Group.
New York Life Real Estate Investors Closes Fund at $500M
The debt vehicle is expected to originate almost $1 billion in senior bridge financing.
Blackstone, Prologis Complete $618M UK Logistics Deal
The private equity giant acquired 4.3 million square feet of industrial buildings, along with land for development, from the world’s largest industrial REIT.
SHVO Closes on $650M Transamerica Pyramid Buy
The acquisition of the iconic San Francisco property marks the country’s largest single-asset transaction since the onset of the pandemic.
Gaming and Leisure Properties to Buy 2 Casinos for $484M
The three-party deal will involve the purchases of both an Indiana casino from Caesars Entertainment and a Delaware casino from Twin River Worldwide Holdings, with both properties to be leased to Twin River.
Behind Investcorp’s $280M Portfolio Acquisition
A newly constructed fulfillment center leased by Amazon in a Cleveland suburb was among the 32 assets the company purchased in four major U.S. markets.
Q3 Retail Fundamentals Deteriorate Further, CBRE Finds
Total net absorption saw its largest decline since the Great Recession, according to the firm’s latest report.
Amazon to Open 1st Fulfillment Center in Nebraska
The project is expected to become operational in 2021 and create 1,000 full-time jobs in the city of Papillion.