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Original global commercial real estate news, analysis, and trends covering the global capital markets, including domestic and foreign investors, cross-border debt & equity activity and more.

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    Michael Cale joins as US co-head of debt investments and Karen Horstmann will be the US head of equity acquisitions.

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    The joint venture between Signature Senior Lifestyle and an affiliate of Heitman will acquire and develop three to four sites that will house premium, private pay senior living schemes comprised of independent, assisted and dementia care apartment home units.

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    The acquisition marks the company’s fifth in the US in the past 12 months, with three sites under its belt in New York City, and a recent announcement that it had secured permits in Chicago for a 170,000-square-foot ground-up co-living project in The Chicago Loop.

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    Dylan Taylor, who has been with Colliers for ten years, was promoted to the role some six months ago.

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    Oyo, which opened its first US hotel at the beginning of the year, plans to invest $300 million to expand in the country.

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    Saudi Firm Acquires FedEx Ground Facility Near Chicago

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    The 306,448-square-foot facility at 5959 West Howard St. was originally constructed in 2015 as a build-to-suit for FedEx Ground, the net-leased property supports distribution in the surrounding markets and features 101 dock high doors on a 39.81-acre site.

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    Domenico De Sole, chairman of Sotheby’s Board of Directors, says that the board of directors approved the purchase deal after a comprehensive review. “After more than 30 years as a public company, the time is right for Sotheby’s to return to private ownership to continue on a path of growth and success," he says.

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