Handshake

CIM Commercial Trust appoints chief executive

Real estate investment trust CIM Commercial Trust Corporation has appointed Charles E Garner II as chief executive officer, effective immediately. »


Handshake and money

Gramercy Property Trust acquires USD19.1m cold storage facility in Chicago

Gramercy Property Trust has closed the acquisition of a 187,000 square foot cold storage facility and dry warehouse located in Arlington Heights, Illinois. »


Up arrow

Improved returns for Nordic property funds in Q2 2014

Nordic property funds delivered a total return of 0.7 per cent in Q2 2014, measured in local currency terms, according to the IPD Nordic Quarterly Property Fund Index. »


British pounds

Aston Property Ventures completes North East deal

Aston Property Ventures has completed a GBP2.35m deal with the acquisition of Redmond House in Peterlee. »


Two fingers

LaSalle completes second close of Canadian Income & Growth Fund IV

LaSalle Investment Management has completed a second close of LaSalle Canadian Income & Growth Fund IV at an aggregate total of just over CAD216 million, with commitments from 10 Canadian institutional investors. »


Newspaper and money

Fairway America launches Fund VII

Fairway America, a Portland, Oregon-based small balance real estate fund advisory and investment firm, has launched its seventh fund, Fairway America Fund VII. »


Supermarket

UKCPT acquires GBP41m Swindon supermarket and leisure scheme

UK Commercial Property Trust Limited (UKCPT) has exchanged contracts to acquire Regent Circus in Swindon for a consideration of GBP40.48 million at an equivalent yield of 5.3 per cent.  »


Ireland flag

Green REIT acquires Dublin CBD office building

Green REIT is to acquire an office building at 13-17 Dawson Street in Dublin 2 for EUR23 million. »


Three fingers

Wheeler REIT acquires three retail development properties for USD4.2m

Wheeler Real Estate Investment Trust has acquired three development properties for an acquisition value of USD4.2 million. »


US flag

US equity REITs enjoying banner year for capital raising, says Fitch

The median liquidity coverage ratio for select US equity real estate investment trusts (REITs) is 1.3x for the 1 July 2014 to 31 December 2014 period, flat year-over-year, according to Fitch Ratings' REIT Liquidity Update. »


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