KKR & Co. bought an skyscraper in downtown Seoul, within walking distance from blocks owned by wealth funds of Azerbaijan and Singapore, as falling bond yields and a revived economy spurs a search for higher returns.
Blackstone Group LP, the world’s largest real estate investor, is leading a wave of investors in Indian commercial property as rents at three-year lows and Asia’s worst-performing currency lured global companies.
Investment in Portuguese commercial real estate may more than double this year as investors return to the southern European country after it completed its emergency-aid program, according to Cushman & Wakefield Inc.
JPMorgan Chase & Co.’s asset- management unit bought a San Francisco property from Jamestown LP in a $415 million deal that includes offices, a hotel and a development site, said two people with knowledge of the deal.
Brookfield Property Partners LP is close to filling most of the lower Manhattan office space formerly rented by Merrill Lynch & Co., the investment bank whose buyout was a symbol of the financial crisis.
Brookfield Property Partners LP is in the late stages of negotiating a lease at lower Manhattan’s Brookfield Place with Jane Street Capital LLC as the landlord moves closer to filling vacant space at the complex.