Philippine investor plans country’s first REIT
The Philippines’ largest property developer, Ayala Land, plans to file an application for a public…
Mississippi pension fund invests $75m in Westbrook fund
The $28.9 billion Public Employees’ Retirement System of Mississippi has approved a $75 million commitment…
U.S. judge suspends Blackstone lawsuit against Italy’s RCS over Milan HQ
A New York judge has put on hold a lawsuit by Blackstone Group against Italian…
Beijing office rent declines following seven consecutive quarters of growth
City-wide class A office average rent registered its first decline in Beijing, according to Savills. It was down 0.2 percent quarter-over-quarter to RMB368 per square meter per month ($54.57 per square foot per month) by the end of the first quarter 2019, although this was up 10.7 percent year-over-year.
NYC multifamily transactions fall below 100 transactions for first time since Q2 2010
During the first quarter of 2019, the New York City multifamily market experienced declines in comparison to 2018, according to research by Ariel. With the political power shift that occurred in the New York State Assembly during this past November, impending legislation pertaining to rent regulation is expected to be enacted later this year.
OP&F’s real estate portfolio nets return of 10% in 2018
The $15.7 billion Ohio Police & Fire Pension Fund had a 2.3 percent net return…
Ivanhoé Cambridge expands U.K. logistics investments through four developments
Ivanhoé Cambridge is expanding its U.K. logistics investments through the acquisitions of four high-quality development…
Tristan Fund to build city’s tallest office tower
The EPISO 4 opportunity real estate fund, managed by Tristan Capital Partners, has acquired a…
Flexible office trend affecting markets around the world
It’s time for office property owners and investors to think outside the box and adapt to the changing needs of space users. Trends such as co-working, space as a service (SaaS), open-plan layouts, fewer fixed-desks and walled-in workspaces, and higher allocations to amenity space have implications for both cash flow and value changes, according to The Rapid Growth of the Flexible Office, a white paper by LaSalle Investment Management.
More than half of middle-income seniors will lack financial resources for senior housing and care by 2029
Demographic shifts in the United States over the next decade will nearly double the number of middle-income seniors ages 75 and over — more than 14 million people — lacking the financial resources to afford senior housing with supportive personal care services, a new study shows.