Shlomo Chopp, of Case Property Services has been named a “Tomorrow’s Leader” by Real Estate Forum. This is a prestigious honor that recognizes rising stars projected to make a major impact within the commercial real estate industry.
Last week Ivanhoé Cambridge announced the acquisition of a total of 73 office buildings in Silicon Valley. In partnership with affiliates of TPG and DivcoWest, IC further expands their US portfolio of properties. The deal allows these partners access to some 6.4 million square feet of long terms lease property in and around San Jose. Ivanhoé Cambridge’s President, [...]
InterRent Real Estate Investment Trust has announced its intention to invest in the Canadian property market as it agreed to acquire two properties in Ottawa’s west end. The value of this deal involving two ideally located properties is of $18,350,000. The acquisitions are to be financed through CMHC insured first mortgages. Situated in the Crystal Beach neighborhood, [...]
Farm land prices in England and Wales have reached record highs in last year’s second half and are still expected to go up in 2013, according to the Rural Land Market Survey freshly released by the Royal Institution of Chartered Surveyors. Average farm land prices per acre were up to £6,783 in Wales and England, driven by increasing demand for commercial farmland in the second half of 2012 and will continue to rise this year.
Norway’s sovereign wealth fund manager Norges Bank Investment Management has acquired its first property in the USA as part of its approved strategy of increasing the amount invested in real estate assets around the world. NBIM has bought a 49.9% joint venture stake in a portfolio of assets in New York City, Washington DC and Boston. The [...]
First Retail International (FRI), the retail property business of Belgian investment group Mitiska Ventures, has acquired half of the Romanian retail portfolio of German real estate investor and developer InterCora Group for an undisclosed amount. The group’s Romania-based property portfolio includes 8 operational retail parks, each in a different Romanian city, amounting to about 32,000 [...]
London’s King’s Cross has come a long way from being a dodgy neighborhood to becoming a British capital city major mixed-used residential, commercial and academic area. Yet there might be a lot more in store for this part of London and the city center in general after Google’s $1 billion investment into purchasing 2.4 acres of [...]
Panattoni Europe, part of the Panattoni Development Company, one of the largest industrial developers in the world, has sold two portfolios of Polish logistics assets to affiliates of LogiCor, a pan-European logistics platform established by real estate funds managed by The Blackstone Group L.P affiliates. The assets, amounting to 402,000 square meters of space, were disposed of in [...]
This year’s Commercial Real Estate Women Network National Winter Leadership Summit and Council Meeting is due to take place at the Peabody Hotel in Memphis. The idea is to help women in the industry network, to help the local chapter build its brand within the local area market, and to enable attendees to learn more about Memphis.