RealtyBizNews: Real Estate News
With the latest on mortgages, refinancing, real estate & home tips
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.
State deposit insurer Philippine Deposit Insurance Corp. (PDIC) is set to auction all assets of Visayas-based banks that have been ordered closed by THE PHILIPPINE Deposit Insurance Corp. (PDIC) will auction next week the assets of Visayas-based banks ordered closed by the Bangko Sentral ng Pilipinas.
Following weeks of rumors, troubled electronics firm Sony has finally confirmed the sale of its US headquarters located in Madison Avenue, New York. The building was sold to the Chetrit Group real estate consortium, fetching a cool $1.1 billion for the Japanese firm.
Transwestern Investment Management has just announced the acquisition of a Houston development, the Reserve at Westchase. Along with its equity partner, State Farm Life Insurance Company, Transwestern Investment Management has bought this 194,191-square-foot project that will be developed into a Class A office building in Houston’s Westchase District. The value of the transaction involving the acquisition of this […]
GM Real Estate and Jones Lang LaSalle have been appointed letting agent by Brookfield Office Properties and Oxford Properties for the London Wall Place development. Two buildings totalling 500,000 square feet will be developed on the 1.8-acre site that has a 200 meter footage on London Wall to the West of Moorgate, EC2.
