Transactions | Jun 6, 2018 Anchor Health acquires 3 medical office buildings by Jody Barhanovich Anchor Health Properties has acquired three class A medical office buildings in Charlotte, N.C., Las Vegas, and Boston.
Research | Jun 6, 2018 U.S. hotel transaction volume reaches more than $11.9b in first trimester 2018 by Jody Barhanovich In the first trimester of 2018, U.S. hotel transaction volumes reached more than $11.9 billion — a 93 percent increase over last year, according to preliminary figures released by JLL.
Transactions | Jun 6, 2018 Gebroe-Hammer finalizes $328m New Jersey multifamily portfolio disposition by Andrea Zander Gebroe-Hammer has finalized the disposition of a 118-building, 2,137-unit multifamily portfolio in Hudson County, N.J., on behalf of a single seller, a private unnamed investor.
People | Jun 6, 2018 BNP Paribas Real Estate appoints head of Pan European retail by Released BNP Paribas Real Estate has appointed Patrick Delcol as head of Pan-European retail, which will be effective on July 1, 2018.
People | Jun 6, 2018 AXA Investment Managers – Real Assets appoints Justin Travlos as U.K. head of asset management by Released AXA Investment Managers – Real Assets has appointed Justin Travlos to the role of U.K. head of asset management.
Transactions | Jun 5, 2018 McNair Interests reveals plans for $500m Houston mixed-use development by Jody Barhanovich McNair Interests has revealed plans to redevelop a six-acre site in Houston’s Uptown District.
Transactions | Jun 5, 2018 AccorHotels sells 57.8% of AccorInvest by Andrea Zander AccorHotels has completed the sale of 57.8 percent of AccorInvest’s capital to Public Investment Fund (PIF) and GIC, institutional investors Colony NorthStar, Crédit Agricole Assurances and Amundi, as well as other private investors.
Investors | Jun 5, 2018 Michigan pension fund commits $2.5m to real estate funds by Jody Barhanovich The $52 million City of Trenton (Mich.) Fire and Police Retirement System has committed a total of $2.5 million to two real estate funds.
Transactions | Jun 5, 2018 RFP for affordable modular housing in NYC by Andrea Zander The New York City Department of Preservation and Housing has issued an RFP for a new mixed-use affordable housing project in Brooklyn requiring developers to use modular construction methods.
Transactions | Jun 5, 2018 Starwood makes offer for Sweden’s Victoria Park by Andrea Zander Starwood Global Opportunity Fund XI, managed by Starwood Capital Group, through the wholly owned subsidiary HomeStar InvestCo AB, has announced the outcome of the April 1, 2018, public cash offer to the shareholders of Swedish property company Victoria Park.
People | Jun 5, 2018 Philip La Pierre joins LaSalle Investment Management by Andrea Zander Philip La Pierre has joined LaSalle Investment Management as head of Continental Europe.
Transactions | Jun 5, 2018 Kilroy Realty Corp. pays $308m for South San Francisco site by Andrea Zander Kilroy Realty Corp. has paid $308 million for the 2.5 million-square-foot Oyster Point Development site in South San Francisco.
Transactions | Jun 5, 2018 LaSalle acquires mixed-use property in downtown Minneapolis by Released LaSalle Investment Management has acquired T3, a 222,000-square-foot, class-A, mixed-use office project in Minneapolis.
Fundraising | Jun 5, 2018 Townsend Group raises $186m for third alpha fund by Jody Barhanovich The Townsend Group, an alternative investment adviser, has raised $186.07 million for its third alpha fund.
Transactions | Jun 5, 2018 American Landmark Properties acquires Schaumburg Towers by Released American Landmark Properties has acquired Schaumburg Towers, an 882,071-square-foot class A office property located at 1400 and 1450 American Lane in Schaumburg, Ill.
Research | Jun 5, 2018 REITs rise in May, boosted by hotel sector by Loretta Clodfelter Listed REITs outperformed the broader equity markets in May, but are still down overall in the first five months of 2018. The FTSE Nareit All Equity REITs Index advanced 3.6 percent last month, compared with a 1.8 percent rise for the S&P 500 Index.
Fundraising | Jun 5, 2018 JLL Spark launches $100m proptech fund by Loretta Clodfelter JLL Spark, a division of JLL, is launching a new venture capital fund, the JLL Spark Global Venture Fund, which will invest up to $100 million in early-stage real estate technology companies.
Investors | Jun 4, 2018 Spirit Realty Capital announces completion of spin-off of SMTA REIT by Released Spirit Realty Capital announced the spin-off of Spirit MTA REIT has been completed. Shares of Spirit MTA REIT will begin regular trading today on the New York Stock Exchange under the ticker “SMTA.”
Transactions | Jun 4, 2018 Round Hill Capital enters Finland by Andrea Zander Round Hill Capital has acquired a residential portfolio in Finland, comprising 3,263 units.
Investors | Jun 4, 2018 Recent commercial real estate commitments by Loretta Clodfelter IREI’s FundTracker captured 19 real estate commitments in the past month.
