The first quarter has seen a number of billion-dollar deals, and IREN — Institutional Real Estate, Inc.’s premium newsfeed — has published a lot of billion-dollar headlines.
New York City, always the number one market for prime office properties, had the following transactions:
And a skyscraper not located in Manhattan is up for sale: Willis Tower in Chicago, with an asking price of approximately $1.5 billion.
The following headlines cover transactions in the retail market:
- Two European malls sells for $1.3b
- General Growth forms $5.5b JV
- WP Glimcher announces JV for five malls valued at $1.6b
- HBC forms JVs with RioCan and Simon valued at $4.2b
Headlines about funds closing this quarter with a billion-dollar total include:
- Infrastructure fund holds $1b final close
- AXA Real Estate raises more that €1.5b
- Starwood fund holds $5.6b final close
In Europe, the following billion-dollar deals were covered:
- Two U.K. student housing portfolios sell for $2b
- Australian investor buys London development site
- Apple invests €1.7b in European data centers
- UniCredit plans to sell €2.5b of real estate
What billion-dollar deals will next quarter bring?
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Andrea Waitrovich is editor of IREN and web content editor of Institutional Real Estate, Inc.
