Morgan Stanley’s real estate arm has signalled a retreat from the Italian non-performing loan market with the sale of five portfolios for €918.5m.
The government of Singapore’s real estate arm has purchased Munich’s tallest tower in a deal valued at €300m.
The McLean, Virginia-based firm has acquired close to 300,000 square feet of North San Jose office space, which it plans to reposition.
The Chicago-based firm has linked itself with self-storage operator United Stor-All to acquire and develop storage properties in markets across the US.
Europe’s biggest listed private equity firm has committed $40m to a real estate fund in India.
The Palo-Alto based firm has paid $219m for a portfolio that includes a million square feet of commercial space concentrated around Los Angeles and San Diego.
Daniel Cummings will become a senior advisor for international real estate at The Carlyle Group after joining as a managing director in 2000.
The Los Angeles-based fund, tied to basketball legend Magic Johnson, will partner with a developer to build a 266-unit project as part of an urban revitalization in the city’s Southeast quadrant.
The Virginia-based firm has agreed to buy limited-service operator Jameson Inns for $371m, gaining a bigger foothold in the hotel sector in the Southeast and Midwest.
Travel and real-estate company Cendant announced plans to sell its travel distribution services subsidiary Travelport—which includes its Orbitz and CheapTickets businesses—to The Blackstone Group for about $4.3bn in cash.
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