CBRE Group Forms SPAC to Acquire Growth Company

CBRE CEO Robert Sulentic (Getty, iStock)

CBRE CEO Robert Sulentic (Getty, iStock)

Another major real estate firm is hopping on the SPAC bandwagon.

CBRE, the world’s largest real estate services firm, has formed a blank-check company, called CBRE Acquisition Holdings. The new special-purpose acquisition company is seeking to “identify and acquire a privately held company with significant growth potential” for a merger or acquisition, according to a regulatory filing. It’s aiming for a valuation of up to $400 million in an initial public offering.

“We believe we will be able to leverage the advantages that CBRE holds by virtue of its industry-leading position to not only source highly attractive acquisition candidates but also support the acquired company’s future growth,” the IPO filing states.

The new SPAC will be led by Bob Sulentic, president and CEO of CBRE Group, and William Concannon, CBRE’s global group president.

The new entity is eyeing businesses that are “providing products or

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COPT Forms New $293 Million Data Center Shells Joint Ventures with Blackstone Real Estate

Approximately $165 Million of Equity Value to COPT

Corporate Office Properties Trust (“COPT” or the “Company”) (NYSE: OFC) announces the formation of new joint ventures with funds affiliated with Blackstone Real Estate. The new ventures are acquiring interests in eight single-tenant, data center shell properties totaling 1.3 million square feet and valued at $293 million.

In a recently closed transaction, Blackstone Real Estate acquired a 90% interest in two of COPT’s wholly owned data center shell properties valued at $90 million. Blackstone Real Estate has also signed an agreement to acquire a 90% interest in six other data center shell properties partially owned by COPT, and that transaction is expected to close before the end of the year.

“We are very pleased to expand our relationship with Blackstone. These transactions further confirm the value of our portfolio of strategically located data center shell properties and the value our development platform

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What Are the Most Common Forms of Intellectual Property?

Intellectual property (IP) refers to innovations of the mind, such as inventions, scholarly and creative works, patterns and marks, names and likenesses used in trade and business. All IP is protected by the various laws in existence locally, regionally nationally, and internationally. Laws exist for patents, trademarks, copyright, service marks, trade secrets and more.

What is a Patent?

A patent is an absolute right granted for an invention, which is a product or a method that provides, in general, a new way of doing something, or proposes a new specialized solution to a problem. To obtain a patent, methodological information about the invention must be revealed to the public in a patent application. The process for obtaining a patent is complex. If you are interested in obtaining a patent, you should first visit this website: The US Patent and Trademark Office. Once you have begun to understand this process and … Read More