Fundraising | Dec 4, 2018 Redevco enters residential market with €500m fund by Jody Barhanovich Redevco has entered into the residential market with a new €500 million ($570 million) residential real estate fund.
Transactions | Dec 4, 2018 Union Investment sells office property in Minneapolis by Released Union Investment has sold approximately 46,000 square meters (495,000 square feet) of office space in Minneapolis, Minn.
Transactions | Dec 4, 2018 Square Mile Capital provides $161m loan secured by NYC office building by Released Square Mile Capital Management has originated a $161 million loan secured by One Broadway, a 12-story office building located adjacent to Battery Park in downtown Manhattan.
Transactions | Dec 3, 2018 Chinese investors buy $607m U.S. portfolio by Andrea Zander SITE Centers Corp. (previously DDR Corp.) has sold an 80 percent stake in a 10-property, 4 million-square-foot portfolio to two unnamed Chinese institutional investors.
Transactions | Dec 3, 2018 TMG Partners and KKR acquire second Oakland office by Released TMG Partners and KKR have acquired 1221 City Center in Downtown Oakland, Calif.
Transactions | Dec 3, 2018 L&L receives $600m financing for 200 Fifth Ave. in Manhattan by Andrea Zander Bank of China and two other global lenders are providing a $600 million package to L&L Holding Co.
Transactions | Dec 3, 2018 SL Green to buy majority stake in Hudson Yards building by Released SL Green Realty has acquired a majority stake in a 21-story building in the Hudson Yards area of Manhattan.
Transactions | Dec 3, 2018 Guardian acquires equity interest in LEI, forms Broadshore Capital Partners by Jody Barhanovich The Guardian Life Insurance Company of America, is acquiring the equity interest in Lowe Enterprises Investors (LEI) currently held by Lowe Enterprises (Lowe).
Transactions | Dec 3, 2018 Immobel sells Warsaw building to Korean investors by Andrea Zander Belgian developer Immobel has sold the Cedet building in central Warsaw to a fund managed by GLL Partners on behalf of Korean investors for €129.5 million ($147.1 million).
Transactions | Dec 3, 2018 GIC to sell Italian mall for €400m by Andrea Zander Singapore’s sovereign wealth fund GIC has placed one of Italy’s largest shopping centers on the market, reported PropertyEU.
People | Dec 3, 2018 Pat Kendall joins Ascentris by Andrea Zander Pat Kendall has accepted a position as a managing director with Ascentris.
Transactions | Dec 3, 2018 Greystar acquires three-property multifamily portfolio in Arizona by Jody Barhanovich Greystar Real Estate Partners, a global investor, developer, and manager of rental housing properties, has acquired the three-property, 845-unit Acacia portfolio on behalf of its real estate funds.
Research | Dec 3, 2018 €177b to be invested into healthcare over the next five years by Marek Handzel $200 billion (€177 billion) will be invested into healthcare assets around the globe over the next five years as the number of people aged 60 and over rises from 962 million to 2.1 billion by 2050, according to a new report published by Octopus Group.
Transactions | Dec 3, 2018 ARA Asset Management enters United States by Andrea Zander Australia-based ARA Asset Management has completed the acquisition of a portfolio of 38 select-service hotels branded as Hyatt Place and Hyatt House across 21 states in the United States.
Fundraising | Dec 3, 2018 Värde Partners holds final close on first dedicated Asia credit fund by Jody Barhanovich Värde Partners, a global alternative investment firm, has held a $400 million final close.
People | Dec 3, 2018 AXA Investment Managers – Real Assets appoints head of logistics by Released AXA Investment Managers – Real Assets has appointed Thomas Karmann as head of logistics, effective immediately.
Transactions | Dec 3, 2018 Heitman invests €150m in living sectors in The Netherlands by Andrea Zander Heitman has acquired a 282-unit, luxury senior living residence in Groningen, The Netherlands, on behalf of an affiliate of the firm.
Research | Nov 30, 2018 Austin retail: Occupancy remains tight by Andrea Zander Austin’s retail market year-to-date occupancy rate stood at 96 percent, staying within the range of 95.8 percent to 96.1 percent since May of 2018, according to NAI Partners.
Fundraising | Nov 30, 2018 Blue Heron markets multifamily fund by Jody Barhanovich Blue Heron Asset Management, a private equity real estate investment and development firm based in Raleigh, N.C., is offering a new multifamily real estate fund.
Investors | Nov 30, 2018 KPERS to commit up to $305m to core, noncore investments in 2019 by Jody Barhanovich Kansas Public Employees Retirement System has plans to commit up to $305 million to core and noncore real estate funds in 2019.
