News

Real Estate News: Chambers Street Properties Merges with Gramercy Property Trust, Inc.

Chambers Street Properties has merged with Gramercy Property Trust, Inc., creating the largest industrial and office net lease real estate investment trust, with an enterprise value of approximately $5.8 billion.

Telstra Sells $100 Million Prime Site In Melbourne

Earlier this year, Telstra, Australia's largest telecommunications and media company, took their ambitious plan of developing an $800 million-plus tower on their 4,000-square-meter prime development site in central Melbourne off the table, and has recently expressed plans of selling it instead for $100 million, Nick Lenaghan and David Ramli of Financial Review reports.

Principal Global Investors’ “The Put and The Pendulum” Outlines 2016 Global Economic Trends

Principal Global Investors has released their "The Put and The Pendulum," a 2016 Economic Outlook, which was written by their very own global chief economist, Bob Baur.