Investors
Michigan retirement system commits $10m to real estate funds
The $213 million Monroe County (Mich.) Employees Retirement System has committed a total of $10 million…
KKR, Parkway JV acquires office tower in Miami
The newly formed joint venture between KKR and Parkway Property Investments has purchased an office…
Investors
Florida SBA commits to two real estate funds
The $193.8 billion Florida State Board of Administration has committed equity to two real estate…
Investors
U.S. property market in latter stages of cycle
The U.S. property market has entered into a typical late cycle, said Michael Acton, director of research at AEW Capital Management, in a presentation in San Francisco at the beginning of June.
U.S. industrial market reports record low vacancies, record high asking rents in Q1 2018
The U.S. industrial sector continues to perform well, with robust net absorption, rent growth, construction and occupancy, all fueled by the continued growth of e-commerce and a solid U.S. economy, according to Colliers’ Q1 2018 U.S. Industrial Market Outlook Report.
Transactions
Officials break ground on $1b hospital conversion redevelopment in Chicago
Construction will soon be under way on the $1 billion Skidmore, Owings and Merrill–designed redevelopment…
Transactions
Real I.S. acquires Benger-Haus at Stuttgart’s central market square
Real I.S. has acquired Benger-Haus, a fully-let office and commercial property at Marktplatz 12 in…
People
Commerz Real names new global head of office
Commerz Real has named Jens Böhnlein as head of management for the office and industrial…
GIC sells London office for £1b
The London headquarters for multinational investment bank UBS has been bought for £1 billion ($1.33 billion) by Hong Kong–based CK Asset Holdings.
Research
Insurers and pension funds in U.K. and Continental Europe set to significantly increase allocation to alternative income assets
Institutional investors in the United Kingdom and Continental Europe are boosting allocations to alternative income assets, such as infrastructure debt and equity, structured finance, real estate finance and private corporate debt, in the pursuit of stronger risk-adjusted returns and diversification, according to Aviva Investors.
