Research | Aug 8, 2019 U.S. cities at risk for extreme heat due to increase urban development by Andrea Zander The impact that rising temperatures and excessive heat waves are having on urban development, and strategies to mitigate urban heat island effects are explored in a new report,Scorched: Extreme Heat and Real Estate, published by the Urban Land Institute.
Research | Aug 8, 2019 Seniors housing and care M&A volume stays strong in Q2 2019 by Andrea Zander The number of publicly announced seniors housing and care acquisitions in the second quarter of 2019 topped 100 transactions for the fifth quarter in a row, with 115 total transactions announced, based on new acquisition data from Irving Levin Associates, in its The Health Care M&A Report.
Fundraising | Aug 8, 2019 Harbert collects $150m for recently-launched real estate fund by Kali Persall Alabama-based Harbert Management Corp. has raised nearly $150 million for its seventh United States–based real estate fund.
Transactions | Aug 8, 2019 Prologis acquires logistics portfolio for €425m by Andrea Zander Prologis has acquired 18 logistics buildings totaling 473,000 square meters (5.1 million square feet) from Spanish REIT Colonial.
Transactions | Aug 8, 2019 Nuveen Real Estate’s Asia Pacific Cities Fund makes second acquisition by Released The Asia Pacific Cities Fund (APCF), managed by Nuveen Real Estate, has recently acquired a new 24,400-square-meter (263,000-square-foot) last-mile logistics facility in the Greater Seoul area.
People | Aug 8, 2019 JLL names new head of capital markets for Singapore by Andrea Zander Ting Lim has joined JLL to lead its Capital Markets business in Singapore.
People | Aug 8, 2019 Aberdeen appoints head of direct real estate in Japan by Released Aberdeen Standard Investments (ASI) has appointed its first head of direct real estate in Japan, Hidetoshi Ono.
Fundraising | Aug 7, 2019 MDH Partners raises $350m for value-add real estate fund by Kali Persall Atlanta-based MDH Partners has closed on $350 million in capital commitments for its real estate fund.
Transactions | Aug 7, 2019 Steadfast creates $3.3b REIT by Released Steadfast Apartment REIT has merged with Steadfast Income REIT and Steadfast Apartment REIT III, creating a combined company with approximately $3.3 billion in gross real estate assets.
Transactions | Aug 7, 2019 Invesco Real Estate sells Prague office property by Kali Persall Invesco Real Estate is selling a class A six-story office property in the heart of Prague’s Andel district, the firm announced on Aug. 7.
Research | Aug 7, 2019 Real estate investments slowed in first half of 2019, but demand remains stable by Kali Persall Global real estate investments slowed in the first half of the year, according to a new report by JLL Global Capital Markets.
Investors | Aug 7, 2019 VSERS approves $35m commitment to fifth Blue Vista real estate fund by Kali Persall The $4.3 billion Vermont State Employees’ Retirement System (VSERS) has approved a $35 million commitment to a fund managed by Blue Vista Real Estate Partners.
Transactions | Aug 7, 2019 Charter Hall forms JV with GIC by Released Two Charter Hall wholesale funds have combined to partner with GIC, Singapore’s sovereign wealth fund, to acquire the leasehold of Chifley Tower, 2 Chifley Square, Sydney.
Transactions | Aug 7, 2019 Equity Commonwealth sells 188-acre campus in Austin by Released Equity Commonwealth has sold Research Park, a 1.11 million-square-foot office and industrial development as well as 94.8 acres of undeveloped land in northwest Austin, Texas.
Fundraising | Aug 7, 2019 New York Life collects $495m for Madison Square debt fund by Kali Persall New York Life Real Estate Investors has raised $495 million for its debt fund.
Research | Aug 7, 2019 CRE lending picks up in Q2 by Andrea Zander CBRE’s lender survey indicated life company lenders had another strong quarter in second quarter 2019, accounting for 26 percent of non-agency commercial mortgage closings — up from 21 percent a year ago.
People | Aug 7, 2019 Peeyush Shukla appointed as chief information and technology officer at Heitman by Kali Persall Peeyush Shukla has joined Heitman, a global real estate investment management firm, as chief information and technology officer, the firm announced on Aug. 6.
Research | Aug 7, 2019 Multifamily construction starts remain strong by Andrea Zander The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential construction statistics for June 2019.
Transactions | Aug 7, 2019 Blackstone negotiating to buy 11 warehouses in Queens by Andrea Zander Blackstone Group is in talks to buy 11 warehouses near John F. Kennedy International Airport in Queens, N.Y.
