$2.1 billion real estate assets acquired by KKR

27 Jun 2024 CW Team

For around $2.1 billion, the investment company KKR purchased a portfolio of 18 multifamily real estate assets from a closed end fund run by developer Quarterra Multifamily. 5,200 units from California, Washington, Florida, Texas, Georgia, North Carolina, Colorado, and New Jersey are included in the portfolio. The worldwide commercial real estate market, particularly the office sector, is now experiencing its worst downturn since the financial crisis of 2007?2009. Non-bank lenders, however, think that things could have improved and that they can make good profits if prices rise. After two years of disruption in the commercial real estate markets, Justin Pattner, head of KKR's real estate equity in the Americas, stated, "We think this is a great moment to invest in real estate." To manage the assets, KKR will collaborate with well-known multifamily real estate operators Carter-Haston, MG Properties, and Dalan Real Estate.

Equipment

11 Dec 2025

Caterpillar Debuts Three New Cat Excavators at EXCON 2025

Caterpillar Inc., a global leader in construction and mining machinery, strengthened its commitment to India’s infrastructure growth with the debut of three new Cat® hydraulic excavators at EXCON 2025, held from December 9–13 at the Bangalore International Exhibition Centre. The new models—Cat 321, Cat 322 and Cat 324—mark a significant step forward in delivering efficient, digital-ready equipment tailored for India’s evolving construction needs.Designed to support sustainability and productivity on modern jobsites, the machines feature advanced powertrains and intelligent electrohy..

JK Tyre Expands OTR Lineup with Four New Launches at EXCON 2025

JK Tyre & Industries, one of India’s leading tyre manufacturers, introduced four new Off-the-Road (OTR) tyres at the 13th edition of CII EXCON 2025, South Asia’s largest construction equipment exhibition, underway at the Bangalore International Exhibition Centre. The latest additions strengthen the company’s OTR portfolio and reaffirm its focus on delivering advanced mobility solutions for construction, mining and industrial operations.The new tyres were unveiled by R Mukhopadhyay, Director (R&D), JK Tyre. Among the highlights was the debut of the SKY GRIP, a specialised tyre des..

ACE, Sanghvi Movers Ink MOU to Boost India-Made Heavy Crane Adoption

Action Construction Equipment (ACE), the world’s largest pick-and-carry crane manufacturer and a leading Indian construction equipment maker, has entered into a strategic Memorandum of Understanding with Sanghvi Movers, Asia’s largest and the world’s fifth-largest crane rental company. The partnership aims to accelerate the deployment of indigenously manufactured heavy slew cranes, particularly truck cranes and crawler cranes, across large-scale infrastructure and industrial projects in India.The alliance aligns strongly with the Government of India’s “Aatmanirbhar Bharat” and “M..