All news

MPG Office Trust completes sale of US Bank Tower in LA

Wed, 19/06/2013 - 16:14

MPG Office Trust has completed the sale of US Bank Tower and the Westlawn Garage, each located in Downtown Los Angeles, California, to Beringia Central, an indirect wholly owned subsidiary of Overseas Union Enterprise Limited. »

Monmouth acquires 103,402 sq ft Virginia industrial building

Wed, 19/06/2013 - 13:51

Monmouth Real Estate Investment Corporation has acquired a new built-to-suit 103,402 square foot industrial building located at 1935 Blue Hills Drive, Roanoke, Virginia at a purchase price of USD10,200,000. »

Rockwood Real Estate Advisors sells Crowne Plaza Hotel in Colorado Springs

Wed, 19/06/2013 - 10:17

Rockwood Real Estate Advisors has arranged the sale of the 500-room Crowne Plaza Hotel located in Colorado Springs at Exit 138 of Interstate-25, just south of downtown. »

Union Group attracts strategic investment from Dundee Corporation

Wed, 19/06/2013 - 06:12

Union Group, an investor in real assets in emerging Latin American countries, has sold a 25 per cent stake in the company to Dundee Corporation, a Canadian investment house. »

Law Society of Scotland to consult on conflict of interest rule change in property lending

Tue, 18/06/2013 - 16:08

The Law Society of Scotland is to consult with solicitors, lenders and consumer interest groups on proposals to change its rules on conflict of interest in property transactions. »

KBS Strategic Opportunity REIT purchases USD86m Denver office complex

Tue, 18/06/2013 - 14:26

KBS Strategic Opportunity REIT, a public non-traded real estate investment trust based in Newport Beach, California, has purchased the Westmoor Center, a six-building, Class-A office complex totalling 612,890 square feet in the Denver submarket of Westminster, Colorado. »

AXA Real Estate to manage EUR10bn infrastructure debt commitment

Tue, 18/06/2013 - 11:47

AXA has increased its exposure to the infrastructure debt market with a commitment to invest up to EUR10bn over the next five years and has appointed AXA Real Estate to source and manage the investments. »

Second closing for Mayfair Capital’s residential fund

Tue, 18/06/2013 - 10:17

Mayfair Capital Investment Management, manager of the Mayfair Capital Residential 1 Fund (MCR1), is undertaking a second closing following the successful commitment of the initial equity raised. »

Clients of Aberdeen Asset Management to purchase LXB assets

Tue, 18/06/2013 - 06:13

Clients of Aberdeen Asset Management have agreed to purchase the majority of LXB Retail Properties’ interests in the Royal Borough of Greenwich. »

Singapore and the REIT market - Now is the time to buy

Tue, 18/06/2013 - 06:00

The last two weeks have seen the pricing of SGX-listed REITs fall by an average of 11% as a result of the US Federal Reserve implying that QE3 may be wound back gradually. However, SGX-listed REITs have continued to deliver strong returns in the last 2-two years and until the sell off two weeks ago, SGX-listed REITs had performed strongly on a year-on-year basis. »