Brookfield Asset Management and CPP Investments have completed their $5.2 billion all-cash takeover of LXP Industrial Trust. The deal values LXP at $61.20 per share in cash, resulting in its delisting from the New York Stock Exchange. LXP's portfolio of 107 industrial properties across 52 million square feet in the Sunbelt and Midwest will now be integrated into Brookfield's global logistics platform.
Lincoln Property Company, Vision Ventures and Hornets Sports & Entertainment have formed a joint venture to acquire Queen City Quarter in Uptown Charlotte. Formerly known as the EpiCentre, the 302,324-square-foot mixed-use destination covers 3.17 acres between Spectrum Center and the Charlotte Convention Center. The partnership aims to reposition the four-level retail and entertainment complex to support economic growth across Charlotte's central business district.
Logistics Property Company, LLC has completed the acquisition of a 74-acre site at 23960 South Houbolt Road in Joliet, Illinois. Situated in the I-80 corridor near BNSF and Union Pacific intermodal hubs, the site will accommodate a 1,279,700 square foot logistics facility. Construction begins in spring 2027, expanding the firm's Midwest portfolio of 6.7 million square feet owned and under development.
CPP Investments, Dream Unlimited Corp. and Dream Industrial REIT have completed the CAD 585.8 million acquisition of a 2.1 million-square-foot industrial portfolio in the Greater Toronto Area. The deal brings total deployment for their Canadian industrial joint venture to more than CAD 1.4 billion, approaching half of its CAD 3 billion total investment target.
Comstock Holding Companies has agreed to acquire The Ascher, a Class A 672-unit residential development in Uptown Charlotte, North Carolina. Expected to close in the fourth quarter of 2026, the deal marks Comstock’s first multifamily purchase in the state and the third under its Institutional Venture Platform. The transaction includes plans for refurbishment to position the twin-tower property alongside newer regional residential developments.
Niam Real Estate has agreed to acquire a residential development project in Skogås from Bonava. The scheme features two eight-storey buildings comprising 109 rental apartments and 5,400 square metres of lettable area alongside parking facilities. Structured as a forward funding agreement, construction will begin in early 2027, with completion targeted for the fourth quarter of 2028.
