Blackstone Group Creates the World’s Largest Real Estate Fund
Private equity firm Blackstone Group said it created the world’s largest real estate fund, amassing a total of US$20.5 billion to be invested in property […]
Commercial
U.S. Data Center Leasing on Record-Setting Pace in 2019
According to CBRE’s latest U.S. Data Center Trends Report, driven by demand from large cloud and enterprise users, U.S. data center leasing is on pace […]
Foreign Acquisition of U.S. Commercial Properties Plunges in 1H 2019
According to a report by Real Capital Analytics, (RCA) overseas investors in office buildings and retail space became net sellers of properties during the first […]
Google Acquires a Former Yahoo! Business Park for $1 Billion
Goolge’s unquenchable thirst for Silicon Valley property continued in July with the announcement that the tech giant paid $1 billion to buy up buildings and […]
Avg. U.S. Office Rents Rise by 4.2 Percent, Vacancy Stable at 9.7 Percent
According to Transwestern’s recently released national office report, the U.S. office market fundamentals reflect resilience, even in the face of the moderating pace of U.S. […]
Key Billings Indicator Suggests a Softening in Commercial Real Estate Sector
The American Institute of Architects (AIA) Architecture Billings Index (ABI) reported a score for June of 49.1, which is down from 50.2 in May, suggesting […]
Apple’s HQ Assessed at $3.6 Billion
Apple’s circular headquarters in Cupertino, California was assessed at $3.6 billion by Santa Clara County for property tax purposes, according to an article in the […]
JLL and Google Unveil a New “Voice Assistant” for Commercial Real Estate
Global real estate firm Jones Lang LaSalle is teaming up with internet-giant Google to build a voice assistant to help office workers book conference rooms […]
Largest Real Estate Deal Ever: Blackstone Pays $18.7B for 1,300 Warehouses
Blackstone has struck the largest private real estate deal in history when it signed a deal to buy the US warehouses portfolio of Singapore-based GLP […]
Colliers Real Estate Services CEO Terminated Over “Improper Trading”
Colliers International Group has fired the CEO of its Real Estate Services division Dylan Taylor for misconduct, including “improper trading activity of Colliers securities”, according to a […]