Transactions | Apr 17, 2019 American Landmark buys $311m Texas portfolio by Andrea Zander American Landmark Apartments has acquired a six-property multifamily portfolio in Texas for $311 million, totaling 2,284 apartment units.
Investors | Apr 17, 2019 Mack-Cali still stands to reject Bow Street’s acquisition proposal by Released Mack-Cali Realty Corp. announced that CEO Michael DeMarco sent a letter on behalf of the company’s board of directors to regarding the previously announced unsolicited proposal.
Transactions | Apr 17, 2019 REIT buys fifth largest Blackstone-backed U.S. temperature-controlled owner and operator by Andrea Zander Americold Realty Trust has entered into a definitive agreement to acquire privately held Chiller Holdco from Cloverleaf management and an investor group led by private equity funds managed by Blackstone Group for $1.24 billion.
Research | Apr 17, 2019 San Francisco tops unicorn valuations by Andrea Zander The United States is now home to 164 unicorns, private companies valued at $1 billion or more, according to CB Insights, which has implications for the real estate markets in which these high-performing startups are located.
Transactions | Apr 17, 2019 Miami’s biggest development in history breaks ground by Andrea Zander Adler Group and 13th Floor Investments have broken ground on the $600 million Link at Douglas mixed-use project in Miami.
Transactions | Apr 17, 2019 Warner Bros. to purchase campus, largest transaction ever in Burbank by Andrea Zander Warner Bros. has plans to purchase a portion of The Burbank Studios.
Investors | Apr 17, 2019 Survey of real estate investors finds near-consensus view on importance of ESG by Loretta Clodfelter Bentall Kennedy, Real Property Association of Canada (REALPAC) and the United Nations Environment Program Finance Initiative (UNEP FI) released on March 29 an ESG-focused survey of global real estate investors, which has affirmed a near-consensus view of the importance of weighing ESG criteria as a factor in real estate investment decision making. The survey included investment managers representing more than $1 trillion in assets under management from North America, Europe and Asia Pacific.
Research | Apr 17, 2019 Construction industry trends — increased costs and greater use of technology by Loretta Clodfelter Commercial real estate has seen a pullback in construction activity, with space under construction falling in recent years across asset types, according to the Real Estate and Construction Compass report from BDO, which analyzed a decade of real estate data from CoStar in the multifamily, retail and industrial sectors.
Research | Apr 16, 2019 India’s housing affordability reaches new heights by Jennifer Molloy Between 2014 and 2018, housing affordability improved in seven key Indian cities, according to the new JLL Home Purchase Affordability Index, which takes into account household income, property price and home loan rates to determine affordability for homebuyers in the cities of Bengaluru, Chennai, Delhi NCR, Hyderabad, Kolkata and Mumbai.
Research | Apr 16, 2019 New opportunity zones provides upward momentum for Houston by Released The creation of the new federal opportunity zone program is enhancing investor interest and placing upward pressure on property valuations in downtown Houston, according to the Deal Sikes property valuation firm.
Fundraising | Apr 16, 2019 Northstar and Integrity Trust launch $125m investment fund by Jody Barhanovich Northstar Commercial Partners has launched the $125 million Northstar Integrity Growth Fund in partnership with Integrity Trust of Colorado Springs, Colo.
Transactions | Apr 16, 2019 Columbia Property Trust sells Atlanta office campus for $227m by Released Columbia Property Trust has completed the sale of a fully leased office campus located in Atlanta’s Central Perimeter submarket, for $227.5 million.
Fundraising | Apr 16, 2019 True North Management opens $650m real estate debt fund by Jody Barhanovich True North Management Group, a private real estate investment management firm based in New York City, has opened its next real estate fund.
Investors | Apr 16, 2019 Legal & General invests £45m in housing for homeless families in the U.K. by Released Legal & General has partnered with the Croydon Council to provide 167 homes for families on the housing waiting list.
Research | Apr 16, 2019 Polarization widens in European shopping center market by Andrea Zander As shopping center markets reach maturity in most European countries, there will be growing polarization between successful prime schemes and struggling secondary sites, which are having to diversify to survive, according to new research from Cushman & Wakefield.
Transactions | Apr 16, 2019 ESR and UOB enter into ¥20b loan facility agreement to acquire prime Tokyo Bay Land by Released UOB Tokyo Branch and ESR Sachiura TMKs have signed a non-recourse ¥20 billion ($179 million) financing facility agreement for ESR’s land acquisition in Yokohama, Japan.
Investors | Apr 16, 2019 Texas County commits $25m to KSL fund by Jody Barhanovich The $30 billion Texas County & District Retirement System has committed $25 million to a fund, managed by KSL Capital Partners.
Transactions | Apr 16, 2019 Mandarin Oriental in talks to enter India’s luxury hotel sector by Andrea Zander London Stock Exchange–listed Mandarin Oriental Hotel Group has plans to enter India’s growing luxury hospitality market with plans to set up its first luxury boutique hotel within the next year, reported Live Mint.
People | Apr 15, 2019 Australia’s Arrow Capital Partners appoints head of Germany by Released Arrow Capital Partners, an investor and operator of real estate in Europe and Asia-Pacific, has appointed Danilo Hunker as head of Germany.
Fundraising | Apr 15, 2019 Madison Realty Capital holds $1.136b final close for debt fund by Jody Barhanovich Madison Realty Capital, a private equity firm focused on real estate debt and equity investment strategies, has held the final closing.
