Some of functionality may not work while you disabled JavaScript. Enable JavaScript for better User Exprience.

therealdeal.com February 18, 2020

Blackstone Is World's Largest Commercial Landlord: Fortune

Until about a decade ago, Blackstone Group derived most of its profits from traditional private equity. But following a dramatic expansion into real estate driven by CEO-in-waiting Jonathan Gray, massive property deals are now the company's calling card. With an estimated real estate portfolio of $325 billion, Blackstone is now the world's largest real estate company, according to Fortune. Of that total, $163 billion comes from Blackstone's own real estate equity capital -- which has ... [more] The post How Blackstone became the world's biggest landlord appeared first on The Real Deal Miami.
Read by 44% of LPs

therealdeal.com February 18, 2020

Blackstone Is World's Largest Commercial Landlord: Fortune

Until about a decade ago, Blackstone Group derived most of its profits from traditional private equity. But following a dramatic expansion into real estate driven by CEO-in-waiting Jonathan Gray, massive property deals are now the company's calling card. With an estimated real estate portfolio of $325 billion, Blackstone is now the world's largest real estate company, according to Fortune. Of that total, $163 billion comes from Blackstone's own real estate equity capital -- which has The post How Blackstone became the world's biggest landlord appeared first on The Real Deal New York.
Read by 58% of LPs

cpexecutive.com February 18, 2020

Cara Buys Central London Building For $93M

The firm acquired a Waterloo Place mixed-use asset at a time when values might be hitting a transition point. : Cara Real Estate--the real estate subsidiary of Cara Investment GmbH--has purchased 7-10 Waterloo Place, a 35,000-square-foot mixed-use building in London, from Barings for a reported PS71 million, or $92.5 million. Barings had paid PS35 million, or $45.6 million, in 2014 for the Grade II-listed property on behalf of an institutional investor, which subsequently started a substantial renovations program. The deal marks Cara's second London acquisition.
Read by 30% of LPs

cpexecutive.com February 17, 2020

Cross-border Investment In Us Properties Drops 54%

U.S. investors remained active overseas amid a sharp decline in inbound capital flows. : Foreign investment in U.S. commercial real estate plunged by 54 percent in 2019, falling short of outbound investment for the first time in six years, according to a new report by CBRE. The dramatic drop in overseas capital flows was largely caused by a pullback in entity-level sales last year, after a string of blockbuster M&A transactions buoyed investment volumes in 2018. Excluding such entity-level deals, inbound investment in 2019 declined by 12.1 percent year-on-year.
Read by 74% of LPs

multihousingnews.com February 17, 2020

Cross-border Investment In Us Properties Drops 54%

U.S. investors remained active overseas amid a sharp decline in inbound capital flows. : Foreign investment in U.S. commercial real estate plunged by 54 percent in 2019, falling short of outbound investment for the first time in six years, according to a new report by CBRE. The dramatic drop in overseas capital flows was largely caused by a pullback in entity-level sales last year, after a string of blockbuster M&A transactions buoyed investment volumes in 2018. Excluding such entity-level deals, inbound investment in 2019 declined by 12.1 percent year-on-year.
Read by 36% of LPs

cpexecutive.com February 14, 2020

Elion Partners Buys South Florida Last-mile Facility

The 158,000-square-foot industrial asset was built in 1985 on 13 acres. : Elion Partners has increased their South Florida presence with the purchase of a 158,000-square-foot last-mile industrial distribution asset in Deerfield Beach, Fla. Yardi Matrix data shows The Nature's Bounty sold the asset for $22 million. Located at 1111 SW 30th Road, the asset is close to both a dense residential area and several industrial properties, while the Florida Turnpike is less than 2 miles away.
Read by 59% of LPs

cpexecutive.com February 14, 2020

Cbre Global Investors Acquires Inland Empire Warehouse

The newly delivered asset known as Gateway South Building 5 is a last-mile facility fully leased to FedEx. : CBRE Global Investors has acquired Gateway South Building 5, a 143,327-square-foot industrial property in San Bernadino, Calif. Hillwood sold the asset, according to public records, with CBRE representing the seller. The building is 100 percent leased and serves as a last-mile facility for FedEx. The recently completed property is located at 945 S. Sunnyside Ave. on roughly 7 acres. The structure includes 8,000 square feet of office space, 32-foot clear heights, 13 dock doors and seven grade-level doors.
Read by 73% of LPs

cpexecutive.com February 14, 2020

Griffin Capital Pays $35M For North Carolina Asset

The Winston-Salem industrial property serves as a distribution facility for PepsiCo products. : Griffin Capital Essential Asset REIT has acquired a 526,320-square-foot industrial property in Winston-Salem, N.C., for $34.9 million. The REIT purchased the asset as part of a 1031 exchange from PBV Logistics Center LLC, a subsidiary of Phoenix-based Tratt Properties. Located at 390 Business Park Drive, the facility is fully occupied by Pepsi Bottling Ventures, a joint venture between Suntory Beverage & Food Ltd. and PepsiCo Inc. The tenant has 12.5 years remaining on its net lease.
Read by 44% of LPs

business-live.co.uk February 14, 2020

Middle Eastern Investors Reject London For Bristol, Liverpool And Birmingham, Cbre Report Finds

More was spent in regional cities than in London last year. : Middle Eastern investors bought up more property in regional cities such as Bristol and Birmingham last year than they did in London, a new report has revealed. A total of PS880million was invested into cities outside the capital in 2019, compared to PS650million in central London, according to global real estate advisor CBRE. It is the first time investors from the Middle East have spent more money in UK regional cities than in the capital.
Read by 41% of LPs

nreionline.com February 13, 2020

Investors Are Increasingly Redeveloping Urban Parking Lots | National Real Estate Investor

As cities try to discourage car use, investors see greater redevelopment opportunities for parking lots and garages. : Investors are increasingly targeting parking lots for potential multifamily redevelopment, especially in urban areas, according to industry sources. "Given the multifamily market has been so strong for the past decade, we're at a point that really justifies development," says Rob Goldstein, assistant portfolio manager at CenterSquare Investment Management, a global investment manager focused on actively managed real estate and infrastructure strategies. "We've seen debt costs decrease and demand and rental revenue increase.
Read by 60% of LPs