Bisnow

1 day ago | bisnow.com | Mike Phillips

A recurring theme of the UK real estate market over the past few years has been the lack of investment by domestic pension funds in the sector. But a new government initiative could change that. A group of 17 pension fund managers overseeing workplace pensions is pledging to invest at least 5% of their assets in UK private markets by 2030, including in property. That equates to roughly £25B of investment in private markets in the UK, the Treasury said.

1 day ago | bisnow.com | Taylor Driscoll

Blackstone's office real estate arm has put a 13-story office building on Boylston Street up for sale. Yet another Boston office building is up for sale, this time in the Back Bay. Blackstone's EQ Office has put its 233K SF office building at 399 Boylston St. up for sale, Banker & Tradesman reported. It cited anonymous sources and said the listing is being managed by Newmark. The office building was constructed in 1983, and EQ bought it for $117M in 2014 from Shorenstein Properties.

2 days ago | bisnow.com | Taylor Driscoll

A key congressional committee is calling for an expansion of the opportunity zone program that would extend its lifespan and allow real estate investors to receive its tax benefits in more areas. The House Ways and Means Committee included a provision for the "renewal and enhancement" of the opportunity zone program as part of the 389-page tax package it released Monday evening ahead of a Tuesday markup meeting.

2 days ago | bisnow.com | Jarred Schenke

A Singapore-based office REIT has struck a deal to sell a 28-story Midtown office tower for more than 20% less than its 2016 purchase price. Manulife US REIT announced Monday that it has agreed to sell the 585K SF 1100 Peachtree skyscraper for $133.8M. While the buyer wasn't identified in a news release, the Atlanta Business Chronicle reported that Spear Street Capital had the tower under contract.

2 days ago | bisnow.com | Taylor Driscoll

A key congressional committee is calling for an expansion of the opportunity zone program that would extend its lifespan and allow real estate investors to receive its tax benefits in more areas. The House of Ways and Means Committee included a provision for the "renewal and enhancement" of the opportunity zone program as part of the 389-page tax package it released Monday evening ahead of a Tuesday markup meeting.