Transactions | Jul 9, 2018 CatchMark JV completes $1.39b acquisition of prime East Texas timberlands by Released CatchMark Timber Trust has completed the previously announced acquisition of 1.1 million acres of prime East Texas timberlands for approximately $1.39 billion.
Fundraising | Jul 9, 2018 Avestus Capital launches €290m fund for Irish private rented sector by Andrea Zander Avestus Capital Partners has launched a new fund that is dedicated to investment in residential property in the Irish private rented sector.
Transactions | Jul 9, 2018 Hines to buy office complex for $221m by Andrea Zander Hines Interests L.P. and Oaktree Capital Management have started negotiations to buy the 526,155-square-foot Ygnacio Center in Walnut Creek, Calif., for $221 million.
Transactions | Jul 9, 2018 New Forests fully invests fund with New Zealand acquisition by Released Australia New Zealand Forest Fund 2 (ANZFF2), managed by forestry investment manager New Forests, has acquired a 38 percent shareholding in Wenita Forest Products and full ownership of the Otago Land Co.
Transactions | Jul 9, 2018 Allianz strengthens its China presence with the acquisition of its first office asset in Beijing by Released Allianz has acquired ZLink, a 338,000-square-foot, class A office asset located in Zhongguancun, Beijing, in an all-cash deal.
Fundraising | Jul 9, 2018 Wealthcap launches €200m fund by Andrea Zander The UniCredit subsidiary Wealthcap has started to fundraise for its recently launched closed-end real estate fund, Immobilien Deutschland 41.
Investors | Jul 9, 2018 Airbnb teams up with real estate company by Andrea Zander Airbnb has created a new strategy to play by the rules, a partnership with Century 21 in Paris to let Parisians sublet their apartments.
Research | Jul 9, 2018 Siemens site in Frankfurt to become new family-friendly mixed-use development by Marek Handzel The Nassauische Heimstätte/Wohnstadt Group and residential developer Instone Real Estate have joined forces to transform Frankfurt’s Siemens site into a family-friendly residential, working and recreation quarter.
Fundraising | Jul 9, 2018 H1/2018 first look by Sheila Hopkins Early numbers are in for real estate investment funds closing in second quarter 2018 — and they show a first half well ahead of 2017. While first half 2018 is still tracking behind that of 2015, we might be looking at an up year.
People | Jul 9, 2018 Hunt Investment Management hires Evan Abrams by Released Hunt Investment Management has hired Evan Abrams as a senior vice president.
People | Jul 9, 2018 Arno Van Grondelle joins Institutional Real Estate, Inc. as managing director, Europe by Released Institutional Real Estate, Inc. (IREI), has announced that Arno Van Grondelle has joined IREI as managing director for the European region.
Transactions | Jul 6, 2018 Starwood Capital Group and Scius Partners to sell Swedish assets for $410m by Released Starwood Capital Group and its local operating partner Scius Partners have agreed to sell a portfolio of 51 properties in Sweden to Hemfosa, a listed Swedish real estate company.
Research | Jul 6, 2018 Hong Kong remains the most expensive location in the world by Andrea Zander Global prime office occupancy costs rose 2.4 percent year-over-year, higher than the 1.9 percent growth rate of a year ago, according to CBRE’s annual Global Prime Office Occupancy Costs .
Fundraising | Jul 6, 2018 Initiative Ireland launches €150m residential property finance fund by Andrea Zander Fintech CEO Padraig Rushe has plans to launch a new €150 million ($176 million) senior debt fund within the next three months, which will specialize in financing residential property developments, to fund the construction of more than 2,500 new family homes in high-demand areas across Ireland over the next five years.
People | Jul 6, 2018 Savills IM global chief resigns ahead of proposed relocation by Andrea Zander Savills Investment Management’s global chief executive and chairman Justin O’Connor has stepped down before relocating to Hong Kong.
Research | Jul 6, 2018 U.S. job market remains tight, construction employment reaches 10-year high by Larry Gray The U.S. job market continued to chug along in June, as total nonfarm payroll employment increased by 213,000.
Transactions | Jul 6, 2018 90 North closes its first Australian transaction by Released 90 North, an international real estate investor and adviser, has acquired the brand-new Quest Apartment Hotel in Greater Springfield, Queensland, in a transaction worth A$24.3 million ($18.05 million).
Transactions | Jul 6, 2018 Recent commercial real estate transactions by Alicia Block Transactions reported this week included the sale of a hotel in New York City.
People | Jul 6, 2018 HNA Group co-founder passes away by Andrea Zander Wang Jian, the co-founder and chairman of Chinese conglomerate HNA Group, has died in an accidental fall in the village of Bonnieux, southern France.
Transactions | Jul 5, 2018 Katara Hospitality to acquire Plaza Hotel in Manhattan by Andrea Zander Katara Hospitality, a unit of the Qatar Investment Authority, has acquired the 282-room iconic Plaza Hotel in Manhattan for approximately $600 million.
