A midtown Manhattan office tower majority owned by Carlyle Group LP is attracting bids of as much as $1.4 billion in what may be the biggest U.S. real estate deal since 2010, two people familiar with the sale process said.
SL Green Realty Corp. , New York’s biggest landlord, agreed to sell its minority stake in McGraw- Hill Cos. headquarters building in Midtown for $576 million to help pay for purchasing two other Manhattan office towers.
London’s commercial property market has probably drawn the most investment for the second consecutive year as prospects of rising rental income attract cash from as far afield as Hong Kong, Qatar and Canada.
International real estate investors are falling in love with Houston, a fast-expanding energy hub that’s luring buyers from Toronto to Tel Aviv seeking properties with lower costs and higher returns than buildings in the priciest U.S. cities.
Walton Street Capital LLC hired CBRE Group Inc. to sell 95 industrial properties that it acquired for about $2.8 billion in 2007, when commercial real estate prices peaked, as a debt payment on the buildings comes due in June.
Sales of single-tenant retail properties -- buildings leased to fast-food joints, pharmacies and other store operators -- have soared to a six-year high as investors seek real estate that performs better than bonds.