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Summary List PlacementSidra Capital, a Saudi asset management and private equity firm, purchased a suburban Philadelphia life sciences and healthcare campus in a recapitalization deal that valued the property at $225 million. Spear Street Capital, a real estate investment firm, will retain a 10% minority interest. The deal was brokered by JLL.  The five-building, 855,600 square foot Arborcrest facility was completed in two phases,...

Blackstone, the world's largest corporate landlord, has $46 billion of dry powder allocated for real estate, as the pandemic commercial real estate shakeout begins. Global co-head of real estate Ken Caplan spoke with Business Insider about how the firm is thinking of investing its money in the post-lockdown landscape.  Logistics, already the biggest part of Blackstone's portfolio, remains a major opportunity, even as others...

The Airbnb of self-storage, Neighbor, has seen a surge in demand as a result of the pandemic, according to CEO and cofounder Joseph Woodbury.  The company announced a partnership Tuesday with landlord and operator Bridgeton Holdings to fill vacant office space with self-storage in San Francisco and eventually across the country.  This comes as the coronavirus forecasts an uncertain future for the office market....