Transactions | Jul 19, 2018 Sterling Bay unveils $5b Chicago River vision by Andrea Zander Chicago developer Sterling Bay has unveiled its planned Lincoln Yards project, a more than $5 billion development planned for at least 70 acres along the Chicago River between Lincoln Park and Bucktown, on previous owned industrial parcels.
Fundraising | Jul 19, 2018 CIM Group raises $556m for opportunistic real estate fund by Jody Barhanovich CIM Group has raised capital for an opportunistic real estate fund.
Fundraising | Jul 19, 2018 PATRIZIA launches its ninth and tenth private investor funds by Jody Barhanovich PATRIZIA Immobilien AG is launching its tenth private investor fund.
Research | Jul 19, 2018 Asia Pacific funds-of-funds returns stage remarkable comeback by Andrea Zander The share of total capital raised for nonlisted real estate funds of funds doubled in 2017, showing that the funds remain important vehicles that offer investors significant diversification options, according to the latest ANREV/INREV Funds of Funds Study.
People | Jul 19, 2018 South Korea’s NPS appoints new acting CIO by Jennifer Molloy Cho In-Sik resigned in early July as acting CIO of South Korea’s 635 trillion won ($561.4 billion) National Pension Service (NPS), and a new acting CIO, Lee Soo-Cheol, was appointed July 13.
Investors | Jul 18, 2018 CA Ventures launches industrial division with planned $500m investment by Released CA Ventures has launched a new division that will pursue speculative development and acquisition opportunities throughout the United States.
Transactions | Jul 18, 2018 Emaar to build Middle East’s largest Chinatown at Dubai Creek Harbour by Released Dubai-based Emaar Group announced a landmark development that will strengthen UAE-China relations, coinciding with the historic visit of President Xi Jinping of China to the United Arab Emirates (UAE).
Fundraising | Jul 18, 2018 Sterling Organization holds $495m final close by Jody Barhanovich Sterling Organization has held a final close for its fourth discretionary fund.
Transactions | Jul 18, 2018 Haringey Council ends £4b JV with Lendlease by Andrea Zander Haringey Council, north London, have voted to halt a £4 billion ($5.23 billion) joint venture, known as the Haringey Development Vehicle (HDV), with Australian property developer Lendlease.
Transactions | Jul 18, 2018 Hines, Ivanhoé Cambridge plan next-generation office development in downtown Houston by Released Hines, in partnership with Ivanhoé Cambridge, has started the construction of a new, 47-story, 1-million-square-foot office tower in Houston.
Investors | Jul 18, 2018 Lineage Logistics sells minority stake, to explore REIT conversion by Andrea Zander Lineage Logistics, a provider of temperature-controlled transportation and storage services sponsored by Bay Grove Capital, has sold a minority stake for $700 million.
Transactions | Jul 18, 2018 Phillips Edison & Co. to create $6.3b REIT by Andrea Zander Phillips Edison & Co. (PECO) has entered into a definitive merger agreement with Phillips Edison Grocery Center REIT II (REIT II), a public non-traded REIT currently advised and managed by PECO.
Research | Jul 18, 2018 German office investment continues to be strongest asset by Andrea Zander The high transaction level achieved on the commercial property investment market in Germany held steady in first-half 2018, with an investment volume of roughly €25.3 billion ($29.36 billion), according to CBRE. This signifies a marginal decline of 2 percent in comparison with the previous year, which is, however, no indication of a downtrend.
Transactions | Jul 18, 2018 M&G Real Estate buys Brisbane office for A$418 by Andrea Zander M&G Real Estate has acquired a 50 percent share of a prime Australian office development, 80 Ann St., in Brisbane’s central business district for A$418 million ($310 million).
Fundraising | Jul 17, 2018 Boston Capital closes U.S. apartment fund by Andrea Zander Boston Capital has held a close for its Boston Capital Income and Value U.S. Apartment Fund.
Transactions | Jul 17, 2018 Korean investor enters U.K. retail sector by Andrea Zander South Korea–based Hana Financial Investments has acquired the Gallagher Shopping Park in the West Midlands, England, from KKR and Quadrant Estates for £175 million ($230 million).
Investors | Jul 17, 2018 Louisiana TRS commits $100m to real estate by Jody Barhanovich The $18.67 billion Teachers’ Retirement System of Louisiana has committed a total of $100 million to two real estate funds.
Transactions | Jul 17, 2018 Grosvenor Group agrees to sell stake for €255m by Andrea Zander Grosvenor Group has agreed to sell 20 percent of its stake in Sonae Sierra.
Transactions | Jul 17, 2018 Caisse de dépôt et placement du Québec invests C$250m in Avison Young by Andrea Zander Caisse de dépôt et placement du Québec has made a C$250 million ($189 million) preferred equity investment to Avison Young.
Investors | Jul 17, 2018 Recent commercial real estate commitments by Loretta Clodfelter IREI’s FundTracker captured 14 real estate commitments in the past month.
