Transactions | Oct 9, 2024 Prime US REIT, KBS complete $550m refinancing facility by Released Prime US REIT, a Singapore REIT with the principal investment strategy of investing, directly or indirectly, in stabilized income-producing office assets in the U.S. and KBS, announced the completion of a major refinancing for the Prime US REIT portfolio.
Transactions | Oct 9, 2024 Invesco Real Estate acquires its first data center asset in Europe by Released Invesco Real Estate has acquired its first data center asset in Europe, a 22,300-square-meter (240,000-square-foot) facility in Wissous, a few kilometers south of the Paris ring road.
Transactions | Oct 9, 2024 PATRIZIA secures strategic repositioning mandate for iconic Pinners Hall in the City of London by Released PATRIZIA has been appointed by Far East Organization, Singapore’s largest private property developer, to partner and spearhead the repositioning of Pinners Hall, an iconic office building in the City of London.
People | Oct 9, 2024 Stephen M. Scherr joins Pretium as co-president by Released Pretium announced the appointment of Stephen M. Scherr as co-president, effective immediately.
People | Oct 9, 2024 DivCore welcomes Lindsey Sugar as managing director by Denise Moose DivCore has welcomed Lindsey Sugar as managing director, capital strategies & formation.
Fundraising | Oct 8, 2024 Forum Investment Group announces the closing of its private credit strategy at $226m by Denise Moose Forum Investment Group (Forum or the firm) announced the final close of one of its investment vehicles specializing in multifamily private credit.
People | Oct 8, 2024 Eric Phillips joins Castle Peak Holdings by Denise Moose Castle Peak Holdings has welcomed Eric Phillips full time as managing director of capital formation.
Transactions | Oct 8, 2024 Ares Management Corp. to acquire GCP International by Released Ares Management Corporation (Ares) announced that it has entered into a definitive agreement to acquire the international business of GLP Capital Partners Limited and certain of its affiliates, excluding its operations in Greater China (GCP International), and existing capital commitments to certain managed funds, in a transaction valued at $3.7 billion.
Research | Oct 8, 2024 Cities can mitigate and adapt to climate-related risks by Jennifer Molloy While cities are exposed to climate-related risks, most can mitigate and adapt to these hazards, according to Cushman & Wakefield’s Climate Risk: Global Cities Outlook report.
Investors | Oct 8, 2024 CalSTRS real estate portfolio outperforms benchmark by Kali Persall The California State Teachers' Retirement System (CalSTRS) released its latest semiannual performance reports to the pension fund’s investment committee in September, summarizing the performance of its real estate strategy during the six-month period ending March 31.
People | Oct 8, 2024 Russell Investments taps Shelly Heier as global head of institutional client service by Kali Persall Shelly Heier has joined Seattle-based Russell Investments as global head of institutional client service.
Investors | Oct 8, 2024 Texas TRS commits more than $300m to real estate in September by Kali Persall The $203.7 billion Teacher Retirement System (TRS) of Texas has made three commitments to new real estate funds during the month of September, according to a report released Oct. 7.
Transactions | Oct 8, 2024 Koramco sells Seoul office building to Samsung SRA for $820m by Kali Persall Kocref No. 43 REIT, a private REIT of South Korean fund manager Koramco Asset Trust, has sold an 81,117-square-meter (873,136-square-foot) office building in Seoul’s Gangnam business district to Samsung SRA Asset Management for approximately 1.1 trillion won ($820 million).
Investors | Oct 7, 2024 AEW secures European value-add mandate from German pension fund by Released AEW has been awarded a new discretionary separate account mandate from a German pension fund for the establishment of a value-add real estate portfolio.
People | Oct 7, 2024 Vantage Data Centers welcomes Jeremy Deutsch as president of APAC by Released Vantage Data Centers announced that Jeremy Deutsch has joined the company as president, APAC.
Transactions | Oct 7, 2024 Boreal IM secures €170m debt facility for logistics assts in France and Germany by Released Boreal IM, the pan-European real estate investment manager, has secured a €170 million cross-border debt facility from Aareal Bank to refinance seven logistics assets in France and Germany.
Research | Oct 7, 2024 U.S. adds 254,000 jobs in September by Loretta Clodfelter Total nonfarm payroll employment increased by 254,000 in September, higher than the average monthly gain of 203,000 over the prior 12 months, according to the Bureau of Labor Statistics, and the unemployment rate was 4.1 percent.
People | Oct 7, 2024 Hines appoints Thomas Ummels as head of development and construction for the Netherlands by Released Hines announced the appointment of Thomas Ummels as managing director and head of development and construction for the Netherlands.
People | Oct 7, 2024 Nuveen Real Estate appoints Morten Olesen as head of housing and alternatives in Germany by Released Nuveen Real Estate announced the appointment of Morten Olesen to the role of senior director, head of housing and alternatives in Germany, building on the firm’s strong track record in the European living sector.
Fundraising | Oct 7, 2024 EXCLUSIVE: Harrison Street holds $2.5b final close for ninth U.S. opportunistic fund by Released Harrison Street announced the final close of its ninth U.S. opportunistic real estate fund, Harrison Street Real Estate Partners IX and its associated co-investment vehicles (Fund IX or the fund), securing approximately $2.5 billion in equity commitments.
