United States Commercial Real Estate News

Related Real Estate Industry News

• October 2022: ROSHN, the national real estate developer of the Kingdom of Saudi Arabia, and Esri, the world authority in location intelligence, signed a memorandum of understanding (MOU). ROSHN is supported by the PIF, the nation's Public Investment Fund. With the help of the partnership, ROSHN will be able to better design and create 200 million square meters of sustainable neighborhoods across Saudi Arabia by utilizing Esri's spectrum of geographic information system (GIS) products and solutions.
• April 2022: Rawabi Holding of Saudi Arabia has established a new business, Magnom Properties, the company's real estate vertical. Magnom Properties will manage the building of high-value commercial, residential, and leisure projects in Egypt, Saudi Arabia, and the larger MENA region. The real estate endeavor of Rawabi Holding will center on developing dynamic surroundings and developments that will accommodate the quickly changing lifestyles and aspirations of businesses, industries, and future generations.

• September 2022: The Real Estate Developers' Association of Singapore (REDAS), the Real Estate Developers' Association of Malaysia (REHDA), and the Singapore Green Building Council signed the "four-party" MOU. The MOU focuses on sharing information, organizing joint learning, research, and development activities, facilitating Singapore-Malaysia business collaborations, etc.
• August 2022: The Flexi Group was established after regionally renowned companies, including The Cluster, Common Ground, and the Hive. They were combined under a single corporate structure, making it the biggest provider of flexible workspace in Asia-Pacific. The portfolio now includes 45 locations spread throughout 12 cities and nine nations, including Australia, Hong Kong, Singapore, Thailand, Malaysia, Vietnam, Taiwan, Japan, and the Philippines.

• March 2022: Allianz Real Estate, on behalf of various Allianz Group companies, in a EUR 1.3 billion project, will construct and develop several high-end office properties in Germany's top four cities in collaboration with real estate developer EDGE and Bayerische Versorgungskammer (BVK). Throughout each stage of development, the program will be jointly managed by Allianz Real Estate and EDGE. Following completion, Allianz Real Estate will assume control of each asset's management.
• August 2022: Home & Co is a brand-new student housing concept introduced in Germany by TPG Real Estate Partners (TREP) and Round Hill Capital. After the first acquisitions and the successful stabilization of the portfolio over the last two years, the new brand symbolizes the platform's next strategic step. TREP, Round Hill Capital, and the firm management will run 15 buildings totaling more than 2600 units in significant German cities under the Home & Co brand.

• July 2022: MQDC, a leading property developer, and Thai Airways International Public Company Limited (THAI) formed a partnership to increase real estate and tourism and aid Thailand's economy in recovering from the COVID-19 pandemic. To the mutual advantage of all parties, MQDC and THAI will work together in the marketing sector across four sectors as they look for ways to help their present and prospective clients.
• May 2022: Raimon Land Public Company Limited announced a strategic alliance with Nautilus Data Technologies, a US company, to enter the data center industry. Utilizing its patented TRUETM (Total Resource Usage Effectiveness) technology, Nautilus offers the world's most eco-friendly water-cooled data center infrastructure.

• August 2022: JLL and other prominent real estate figures launched China's first corporate property technology (PropTech) accelerator and innovation program, UrbanLab 3.0. This will concentrate on cutting-edge technological solutions that enable China's real estate sector to become carbon neutral. JLL will collaborate closely with technological start-ups as an UrbanLab partner on proof-of-concept, product validation, industry network, and prospective business alliances.
• January 2022: Longfor Group, an investment holding company acquired three new land plots covering a total Gross Floor Area (GFA) of 835,700 square meters with an attributable GFA of 392,494 square meters and a cost of acquisition on an attributable basis of RMB 5.39 billion (USD 846.76 million).

• October 2022: Global digital infrastructure company Equinix., Inc. has announced its expansion into Indonesia with a planned approximately USD 74 million International Business Exchange (IBX®) data center in the heart of Jakarta. With this expansion, Equinix will enable Indonesian companies and multinationals based in Indonesia to leverage its proven platform to consolidate and connect the underlying infrastructure of their business.
• January 2022: Emerging Markets Property Group (EMPG), a property-focused market operator, has acquired OLX Indonesia property assets for an undisclosed sum through the local property arm Lamudi.

• November 2022 - Colliers CAAC, a regional holding company, currently holding exclusive sublicenses for Central America, the Caribbean, and certain Andean countries from Colliers International announced the acquisition of a Costa Rican real estate consultancy.
• October 2022 - M&G Plc's real estate division acquired a prime office building in Yokohama for more than USD 700 million as the company continues to expand its portfolio in Japan. M&G Real Estate purchased the 21-story Minato Mirai Center Building on behalf of the company's M&G Asia Property Fund.

• July 2022: Upflex, a leading global provider of hybrid workspace solutions, has signed a significant commercial deal with Landmark Space, one of the UK's largest providers of flexible workspaces. The deal makes Landmark the first Flex workspace operator to use Upflex's technology platform to manage Landmark's on-demand services, enabling seamless real-time booking of desks and meeting rooms across Landmark's Space network.
• May 2022: Industrious, a flexible workspace provider backed by CBRE Group Inc., acquired Great Room Offices and Welkin & Meraki. This acquisition is expected to expand its presence in Europe and increase its market share in the region.

• December 2022: The south-east Asian real estate technology company, The PropertyGuru Group, has finalized the acquisition of iProperty Malaysia. Given that two brands (PropertyGuru and iProperty) are merging, they currently have a huge duty. The acquisition enables them to concentrate on what they believe is necessary to support their clients, and they aim to provide them with even more value.
• April 2022: Global real estate firm Knight Frank Malaysia expands its presence in the residential property market in Malaysia with the acquisition of Property Hub Sdn Bhd.

• October 2022: WeWork India, a co-working company has taken 3.62 lakh square feet of office space on lease in Bengaluru as part of its expansion strategy in response to increased demand for flexible workspace.
• August 2022: Hines, the global real estate firm, announced its entry into the Mumbai office market with a new development on a mixed-use site that will feature a new 30-story, grade-A office building. The project will have 900K square feet of office leasable area and will be built to the highest international quality standards, keeping in mind the evolving tenant preferences of better build quality, as well as health and safety in a post-pandemic world.