What happened, and who moved.
June 2026 Charter Keck Cramer is proud to congratulate our client, Myer Group, on securing their new corporate headquarters at 75 Dorcas Street, South Melbourne – a Growthpoint Properties Australia asset. Following the transformative consolidation of Myer with Premier Investments’ leading apparel brands (Just…
The Boulder Group, a net leased investment brokerage firm, completed the sale of a single tenant medical property leased to Aurora Health Care property located at 2408 10th Street in Menominee, Michigan for $2,415,000. The 4,540-square-foot medical office building was built-to-suit for Aurora Health Care in 2018…
Crown Realty Partners sold the Carling Executive Centre, a three-building, 290,000 sq ft Ottawa office portfolio (90% leased, up from 75% at acquisition seven years ago), to Montreal-based Brasswater for $53 million, marking Brasswater's entry to the Ottawa market; Crown retains the property management and leasing mandate.
Prime Offices Fund acquired a 51% controlling stake in TenSteps, a 1.1 million sq ft Grade A+ office project in Kharadi, Pune; Keppel retains the remaining 49%. The prior counterparty for PRIME's 51% was not named.
Riyad REIT sold its Al Izdihar office and retail-showroom property in Riyadh for SAR47 million, booking a SAR12.5 million profit; no related parties were involved and the buyer was not named.
Brookfield India REIT acquired Ecoworld, a 7.7 million sq ft Grade-A office campus on Bengaluru's Outer Ring Road, from a related Brookfield entity for ~₹13,125 crore ($1.5 billion) -- India's largest-ever single office real estate transaction, expanding BIRET's portfolio by over 30%. Reported late November 2025; exact day not confirmed.
Prime Offices Fund bought One Paramount, a 2.4 million sq ft LEED Platinum office campus in Chennai's Porur district, from Keppel's real estate division for ₹2,550 crore in a 100% buyout; tenants include Genpact, Maersk and UPS.
Zimbabwe-listed Rainbow Tourism Group's South African unit acquired a seven-storey office/retail building at 13 Buitengracht Street, Cape Town, from Elleke Hospitality for ZAR98 million ($5.6m), for conversion into a branded hotel -- RTG's first South African market entry.
Sweid & Sweid acquired Aurora Tower, a 27-storey, ~225,000 sq ft office building in Dubai Media City, from AREIT after the REIT's 18-year hold. Tenants include Spotify, Universal Music Group and Nielsen; price undisclosed across company, law-firm and broker sources.
AWC acquired Le Concorde Hotel Company, owner of the 407-room Swissotel Bangkok Ratchada and an adjoining office tower site, for THB4.415 billion (part of a THB8.7 billion total investment including redevelopment), to rebrand the hotel as a JW Marriott by 2028. Reported transaction date carries some source inconsistency; left unconfirmed.
Replaces a $340M JPMorgan loan from February 2020.
Replaces a $272M mortgage; part of a ~$730M repositioning of the tower.
Refinances the entire bank debt of the portfolio, replacing it with an institutional club deal. Individual lender names not disclosed at source (CoStar's French-language republication 403'd on fetch — skipped per guardrail, not browser-navigated).
Belgian State (AA-rated) anchors 40% of income via a 12-year lease. Proceeds partly fund a fossil-fuel-free HVAC retrofit; property holds BREEAM Excellent + WELL Core Platinum. Also covered by PERE Credit's 20 Feb 2026 roundup (perecredit.com) but that piece's free tier didn't name the borrower — re-sourced to Walker & Dunlop's own arranger press release for the full picture.
Resolution of a maturity-wall story this batch also traced from its distress stage: the same facility was reported 'in talks' in Mar/Apr 2025 (The Standard HK, thestandard.com.hk/finance/article/229037) naming BNP Paribas, Hang Seng Bank, Standard Chartered and UOB as 'among the largest lenders' before banks 'reluctantly agreed' to the 5-year amend-and-extend reported here. Dated May 2025 — older-vintage than this batch's other APAC rows; included because it is the rare fully-verified example of the maturity-wall/distress-resolution instrument the brief specifically asks for, and no more-recent Hong Kong equivalent was found this pass.
JLL represented Mashreq Bank in landlord representation and leasing to secure Tabby, a leading Middle East fintech company, as the final tenant to complete full building occupancy at Mashreq's Dubai office building. The deal covers 13,724 sq ft and involved negotiating lease terms and coordinating office fit-out approvals for Tabby's headquarters relocation.
Sun Hung Kai Properties (SHKP) announced that J.P. Morgan has committed to lease six connected floors of Artist Square Towers' East and West Towers, totalling approximately 250,000 square feet, under a 10-year lease. J.P. Morgan will relocate its Kowloon office from Quayside in Kwun Tong to Artist Square Towers in the West Kowloon Cultural District in the latter half of 2028, when the development completes, while maintaining its presence in Central.
PDD Holdings (Pinduoduo/Temu) bought the 19-storey DBS Bank Tower in Shanghai's Lujiazui financial district from state developer Lujiazui Group for roughly RMB3.3 billion ($486m), the city's largest property deal so far this year.
Korea Investment Real Asset bought the 23-storey Seoul Square office tower, downtown Seoul's former Daewoo Group headquarters, for KRW1.28 trillion (EUR712m) from an affiliate of Sumitomo Mitsui Finance and Leasing.
Dah Sing Financial Holdings, via Dah Sing Properties, agreed to acquire multiple floors and the ground-floor retail unit at Viva Place, Wong Chuk Hang, Hong Kong, for HK$838.7 million, funded from internal resources.
KAFD DMC's first independently-secured debt facility. Original source (SaudiGulf Projects) 403'd on fetch — skipped per guardrail, re-verified against AGBI + corroborated by Zawya/Argaam/IndexBox headlines in the same search pass.
The Bank of Canada held the overnight rate at 2.25 per cent; a higher-for-longer rate environment is curbing commercial real estate investment momentum.
June 2026 brief: job growth defies constraints as employers added 176,000 roles, supporting rental demand and consumer spending across commercial property types.
Moody's reported the national office vacancy rate rising to 20.7 percent in Q2 2025, a record high for the sixth consecutive quarter, reflecting continued deterioration in space market fundamentals.
CRED iQ records the CMBS distress rate climbing back to 11 percent, ending three consecutive monthly reductions as maturity pressures persist.