Investors | Sep 4, 2018 SCERS’ earnings exceed 10% in FY 2017–2018 by Jody Barhanovich The Sacramento County Employees’ Retirement System (SCERS) has announced a preliminary total fund return of 10.1 percent, gross of investment management fees, for the fiscal year ending June 30, 2018.
People | Sep 4, 2018 HB Reavis appoints new U.K. CEO by Andrea Zander Commercial property developer HB Reavis has named Steven Skinner as its new U.K. chief executive.
Investors | Sep 4, 2018 SWIB invests $335m in three real estate funds by Jody Barhanovich The $117 billion State of Wisconsin Investment Board has committed a total of $335 million to three real estate funds, according to board meeting documents.
Transactions | Sep 4, 2018 Heitman forms second JV for Australian real estate by Andrea Zander Heitman has formed a 50–50 second joint venture with Abacus Property Group to acquire an office tower in Australia for A$170 million ($122 million).
Fundraising | Sep 4, 2018 UPDATED: Mack Real Estate raises additional capital for debt fund by Jody Barhanovich Mack Real Estate Capital, a provider real estate investment services, has raised additional capital for its real estate debt fund.
People | Sep 4, 2018 Colliers Germany names new head of investment by Andrea Zander Colliers International has named Christian Kadel as its new head of capital markets Germany.
Research | Sep 4, 2018 Singapore investors lead Asian outbound investment in H1 2018 by Andrea Zander Asian outbound capital deployment remains robust amid a recent slowdown of Chinese outbound real estate investment. In the first half of 2018, outbound investment activity totaled $25.3 billion, led by Singaporean capital, which accounted for 36 percent of the region’s total, according to recent data compiled by CBRE.
People | Sep 4, 2018 Equity Residential CEO to retire by Released Equity Residential has announced key executive management changes as part of its succession planning program.
Transactions | Sep 4, 2018 225 convenience stores sell for $330m by Andrea Zander Westlake, Ohio-based TravelCenters of America has entered a definitive agreement for the sale of TA’s Minit Mart convenience store business for approximately $330.8 million to U.K.-based EG Group.
People | Sep 4, 2018 Cromwell names acting CEO, continues search by Andrea Zander Cromwell European REIT has named Simon Garing as its acting CEO, while the search for a permanent appointee is under way.
Investors | Aug 31, 2018 Australia’s Future Fund reports 9.3% annual return by Jody Barhanovich Australia’s Future Fund has reported an annual return of 9.3 percent for the fiscal year ended June 30. The fund’s investment portfolio now stands at A$145.8 billion ($105 billion).
Transactions | Aug 31, 2018 Moody’s Corp. buys Reis Inc. for $278m, expands analytics capabilities by Release Moody’s Corporation and Reis, Inc. have entered into a definitive merger agreement for Moody’s to acquire all outstanding shares of Reis in an all-cash transaction valued at approximately $278 million.
Transactions | Aug 31, 2018 DivcoWest, CalSTRS JV buys first asset, a San Francisco property for $293m by Jody Barhanovich The new joint venture between San Francisco–based DivcoWest and the California State Teachers’ Retirement System has purchased its first asset, a 319,000-square-foot office building in San Francisco located at 301 Howard Street, for $293 million.
Investors | Aug 31, 2018 Texas Municipal commits $75m to debt opportunity fund by Jody Barhanovich The Texas Municipal Retirement System has committed $75 million to Torchlight Debt Opportunity Fund VI.
Investors | Aug 31, 2018 Mississippi PERS commits $75m to real estate fund by Jody Barhanovich The $28.2 billion Mississippi Public Employees’ Retirement System has committed $75 million to AG Realty Value Fund X.
Transactions | Aug 30, 2018 KWAP enters U.K. student sector with €44.3m acquisition by Andrea Zander Kumpulan Wang Persaraan Diperbadankan (KWAP) has acquired two purpose-built student in United Kingdom.
Transactions | Aug 30, 2018 Beacon-led venture to pay $850m for Boston office property by Andrea Zander A venture of Beacon Capital Partners and Allianz has agreed to pay $850 million for 53 State Street in Boston, according to The Real Reporter.
Transactions | Aug 30, 2018 Publix to build $400m distribution center in N.C. by Andrea Zander Grocery store chain Publix Super Markets plans to build a $400 million refrigerated distribution center in Greensboro, N.C.
Research | Aug 30, 2018 Green building certifications at all-time high in nation’s largest metros by Andrea Zander The nation’s largest cities are getting even greener, according to the fifth annual U.S. Green Building Adoption Index by CBRE and Maastricht University. Researchers have found green certified office space across America’s 30 largest metros has reached 41 percent of market totals — the highest in the index’s history.
Transactions | Aug 30, 2018 GIC plans to sell 50% stake in Chifley Tower by Andrea Zander Singapore-based sovereign wealth fund GIC has plans to sell a 50 percent stake in a Sydney office skyscraper, Chifley Tower, with a A$900 million ($654 million) sales price, according to media reports.
