Investors | Apr 9, 2019 U.S. economic expansion nears 10 years, and real estate fundamentals remain healthy by Loretta Clodfelter The U.S. economy is at full employment and GDP growth accelerated in 2018, but many have begun to worry about a future recession, with consensus forecasts placing the downturn two years out.
People | Apr 9, 2019 Greystar appoints new head for U.S. open-ended fund platform by Released Greystar Real Estate Partners, LLC and its affiliates have hired Terri Herubin as a managing director of portfolio management responsible for Greystar’s U.S. open-ended fund platform.
Investors | Apr 8, 2019 Shelter Rock Capital Advisors forms Asian strategic alliance with Penmount Partners by Released Shelter Rock Capital Advisors has formed a strategic alliance with Penmount Partners.
Investors | Apr 8, 2019 Private equity real estate veterans launch opportunity zone firm by Andrea Zander Private equity real estate veterans Russ Bates and Gregg Christiansen have launched Cedar Hall Capital.
People | Apr 8, 2019 Barwood Capital appoints new CFO, investment director and investment analyst by Jody Barhanovich Barwood Capital, a Northampton, England-based regional real estate specialist, has appointed a new chief financial officer as it continues to strengthen its board in preparation for its next fund launches.
Transactions | Apr 8, 2019 Bain Capital closes sale of life science property in Boston by Jody Barhanovich Bain Capital Real Estate, the real estate investing business of Bain Capital, has completed the sale of a class A life science property located in the heart of Cambridge, Mass.
Investors | Apr 5, 2019 Fund manager LeadCrest to target European sale-leaseback opportunities by Jody Barhanovich LeadCrest Capital Partners has launched as a new fund management business specializing in sale-leaseback transactions across Europe.
Transactions | Apr 5, 2019 Inland Residential sells Maryland multifamily property for $47m by Jody Barhanovich Inland Residential Properties Trust, a nonlisted REIT sponsored by Inland Real Estate Investment Corp., has completed the sale of The Retreat at Market Square, a 206-unit multifamily community located in Frederick, Md., a suburb of Baltimore, for $47 million.
Transactions | Apr 5, 2019 Tennessee CRS buys two San Francisco Bay Area assets for $125m by Jody Barhanovich The Tennessee Consolidated Retirement System has approved two acquisitions in the San Francisco Bay Area for a total of $125 million.
Transactions | Apr 5, 2019 Metrovest Equities and BLDG Management buy D.C. hotel for $111m by Jody Barhanovich A partnership between Metrovest Equities and BLDG Management purchased Liaison Washington Capitol Hill, a 343-room hotel in the Capitol Hill submarket of Washington, D.C., for $111 million.
Investors | Apr 5, 2019 JP Morgan markets Manhattan tower for up to $800m by Jody Barhanovich A J.P. Morgan Asset Management partnership is seeking to sell or recapitalize a lower Manhattan office building valued at up to $800 million.
Research | Apr 5, 2019 U.S. adds 196,000 jobs in March, exceeding expectations by Loretta Clodfelter The U.S. economy added 196,000 jobs in March, according to the Bureau of Labor Statistics, and the unemployment rate was unchanged at 3.8 percent.
Fundraising | Apr 5, 2019 M7 closes retail warehouse fund with acquisition of five assets for £24.8m by Jody Barhanovich M7 Real Estate has announces that, on behalf of M7 Real Estate Investment Partners VIII, it has acquired a total of five retail warehouse assets for £24.8 million ($30 million) reflecting an in-place net initial yield of 8 percent.
Fundraising | Apr 4, 2019 ElmTree raises $187m for U.S. net lease fund by Jody Barhanovich ElmTree Funds, a private equity real estate investment firm, has raised $187.3 million so far for its third U.S. net lease fund, as of April 3, 2019.
Investors | Apr 4, 2019 Strawberry Star acquires U.K. site from Tristan JV, plans £244m residential development by Jody Barhanovich London-based property company Strawberry Star Group has acquired a mixed-use 4.5-acre site in the United Kingdom with consent for residential 447-units from EPISO, an opportunity fund advised by Tristan Capital Partners, in partnership with Addington Capital, for a price in excess of £15 million ($19.6 million).
Transactions | Apr 4, 2019 Savills IM acquires Paris logistics property from Barings by Jody Barhanovich Savills Investment Management (Savills IM) has acquired a newly-constructed prime grade A distribution warehouse in Greater Paris, on behalf of its European Logistics Fund 2 (ELF 2).
Transactions | Apr 4, 2019 Clarion Partners and LPC West acquire trophy office building in San Francisco by Jody Barhanovich Clarion Partners and LPC West have acquired 215 Fremont in the South Financial District of San Francisco.
People | Apr 4, 2019 Canadian pension seeks head of U.S. real estate by Jody Barhanovich Alberta Teachers is seeking a head of real estate with U.S. institutional experience, according to Real Estate Alert.
Investors | Apr 4, 2019 Ontario Teachers’ net assets at C$191.1b at year-end 2018 by Jody Barhanovich The Ontario Teachers’ Pension Plan has announced net assets of C$191.1 billion ($143 billion) as of Dec. 31, 2018, a C$1.6 billion ($1.19 billion) increase from Dec. 31, 2017.
Transactions | Apr 4, 2019 Mack-Cali Realty sells $488m office portfolio by Jody Barhanovich Mack-Cali Realty Corp., a waterfront centric office and residential property owner, has sold a 56-building, 3.1 million-square-foot office/flex portfolio for $487.5 million.
