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FeaturedFinanceINDUSTRY news

Savills Closes $1.1 Billion Acquisition of Eastdil Secured, Reshaping Global CRE Capital Markets

The London-based advisory firm adds one of America’s most storied real estate investment banks to its platform, giving Guggenheim and Temasek a nearly...

Transamerica building in San Francisco
CommercialFinanceINDUSTRY news

German Lawyers’ Pension Fund Records $67MM (€57.9MM) Write-Down on 750,000 SQFT Transamerica Pyramid as BVK Exits San Francisco Landmark at ~$700MM

Hessen retirement scheme absorbs full loss on preferred equity tranche after post-pandemic office downturn and a costly renovation erode value of San Francisco’s...

Transamerica building in San Francisco
CommercialFinanceINDUSTRY news

Yoda Plc to Pay ~$700MM for 750,000 SQFT Transamerica Pyramid Center, San Francisco’s Largest Office Trade Since 2021

The deal values the iconic Financial District complex at approximately $933 per square foot, representing a significant loss for the selling venture that...

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