Joint venture pays $173M for mixed-use apartment complex in Santa Clarita
Harbor Group International and Azure Partners have joined forces to buy a 480-unit, mixed-use apartment complex in the Vista...
JLL
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National
Future City: JLL’s latest proptech play; Entrata chairman ousted
Bigger, smarter JLL bought the cloud-based “virtual engineering” platform Hank for an undisclosed sum, adding to its smart building...
JLL buys cloud-based building management platform Hank
JLL has added another tool to its expanding suite of smart building offerings. The company acquired Hank, a cloud-based...
National Issue
Out of many, one: Inside proptech’s record year of M&A
A lot can change in a year. In the spring of 2020, after the coronavirus had shuttered the U.S....
National
JLL buys Building Engines for $300M
JLL is building out its proptech capabilities with its acquisition of Building Engines for $300 million. The Boston-based building operations software firm will be tucked into the JLL Technologies umbrella, Business Insider first reported....
National Issue
Flight to quality in office real estate leaves trophy buildings the only winners
Seventeen months into the pandemic, Black Rock — the famed Eero Saarinen-designed skyscraper whose hulking presence has loomed over...
National
JLL arm buys $560M stake in single-family rental portfolio
UPDATED, 12:02 p.m., August 12: The hot market for single-family rentals is drawing increasing interest from a new player:...
National
Biden’s proposal to cut 1031 exchanges may be “tremendous blow” to real estate: experts
Last spring, Newmark broker Ken Zakin was hustling to find a buyer for a client’s retail property in Queens. The tenants had stopped paying...
National Weekend Edition
JLL explores sale of China property management wing
JLL is considering offloading one of its global businesses. The Chicago-based firm is exploring a sale of its China...
LaSalle sews up Beverly Hills medical office for $75M
LaSalle Investment Management paid $74.4 million for a five-story medical office building in Beverly Hills. Seller UBS Realty Investors...
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