Private equity giant Blackstone Group has purchased a 20 percent stake in fashion house Versace by investing €210 million ($290 million). Blackstone will inject €150 million of fresh capital into Versace and acquire €60 million in stock, according to a company announcement.
New York City's tech industry continued its strong growth in January, with an increase in leasing activity and capital venture funding. Tech leases represented 21 percent of all leases signed in January.
Commercial real estate markets in the U.S. continue to improve but at a slower pace, as companies remain hesitant to add new space, according to the National Association of Realtors.
Architecture billings in the U.S. increased in January, after consecutive months of decreases, according to the American Institute of Architects. The billing index reached 50.4 in January, after falling to 48.5 in December.
Starwood Capital Group's chief executive Barry Sternlicht is in talks to sell shares of his company in an initial public offering, according to media reports. Greenwich, Conn.-based Starwood has $22 billion in assets under management.
Senior Housing Properties Trust has purchased two 15-story biotech medical office buildings in Boston's Seaport District for $1.125 billion. The buildings include biomedical research facilities, corporate office space, a parking garage, and retail space.
U.S.-based Kite Realty Group Trust, a community shopping center operator, announced it is purchasing Inland Diversified Real Estate Trust for approximately $1.2 billion in stock. The stock-for-stock merger has a transaction value of about $2.1 billion.
The U.S. industrial market has been recovering for four years and is poised for a spike in demand, development and delivery, according to Jones Lang LaSalle. The market has witnessed 15 consecutive quarters of positive net absorption.
There is a battle between online retailers and brick-and-mortar locations. Who will win? How about both. The e-commerce industry is booming, challenging long standing retailers, many of which are looking for ways to stay relevant.
Investors are more optimistic in U.S. commercial real estate, citing 2014 as the year the market "recovers from the recovery," with space market fundamentals and not capital driving the market, according to a new report.
Hudson's Bay Company has sold its flagship retail complex and an office tower in downtown Toronto..
The booming technology industry has been a driving factor for the growth of San Francisco's housing market, and it is now doing the same to the city's office space.
Architecture billings dropped in December for the second month in a row, marking the first two-month decline since the middle of 2012, according to the American Institute of Architects. The billing index reached 48.5 in December.
The U.S. office market recorded the highest quarterly jump in a year for leasing activity at the end of 2013, according to Cushman & Wakefield. The market witnessed 19.5 million square feet of office leasing activity in the fourth quarter,.
Dallas, Texas-based AT&T Inc. has sold its 1.8 million-square-foot office complex in the San Francisco Bay area to a joint venture between Sunset Development Co. and MetLife Inc. The buyers intend to redevelop the project to create a "modern office environment"
New York City's tech office market ended 2013 on a high note as companies increasingly entered the market in search of talent and media access, among other perks. In the last five years, the number of tech leases larger than 20,000 square feet has increased tenfold.
Singapore's GIC Pte Ltd is leading a consortium to purchase $1.3 billion worth of Manhattan office space from Time Warner Inc, according to a report from Reuters. In the deal, GIC will partner with Abu Dhabi Investment Authority as well as U.S. firm Related Companies.
Overall cargo volumes for the Port of Los Angeles increased 11 percent in December, compared to the prior year, a factor that could increase the need of industrial and warehouse space in the west coast.
Norway's government pension fund has purchased stakes in two office properties in Washington and San Francisco for a net purchase price of $480 million, according to Reuters.
Huntsman Springs is golf and club community developed by Jon Huntsman, Sr. A place of serenity and beauty in the hitherto undeveloped Teton Valley of Western Idaho.
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