Research | May 18, 2018 Office sales in Dallas/Fort Worth down, leasing remains strong by Andrea Zander Office property sales in the Dallas/Fort Worth area during the six months through February 2018 totaled $1.7 billion, a 34 percent decrease compared to the previous six-month total of $2.7 billion, according to Savills.
People | May 18, 2018 First State Super CEO to retire by Andrea Zander Michael Dwyer, CEO of Sydney-based First State Super, an Australian superannuation fund, will retire at the end of November.
Transactions | May 17, 2018 RocaPoint Partners to lead $1b mixed-use redevelopment in South Carolina by Andrea Zander Greenville County (S.C.) Council has approved a new $1 billion shopping-working-residential neighborhood for Greenville’s West End.
Research | May 17, 2018 Orange County office property sales decline by Andrea Zander Office property sales during the last six months (through February 2018) totaled $1.1 billion in Orange County, Calif., a 25.7 percent decline compared to the previous six–month total of $1.5 billion, according to Savills.
Research | May 17, 2018 U.S. office investment remains selective in Q1 2018, with off-market deals boosting activity by Jody Barhanovich Despite the length of this expansionary cycle, the U.S. economic outlook continues to be favorable, according to JLL research.
Investors | May 17, 2018 Michigan retirement system commits $5m to real estate fund by Jody Barhanovich The $213 million Monroe County (Mich.) Employees Retirement System has committed $5 million to a real estate fund managed by TerraCap Management.
People | May 17, 2018 KKR appoints head of Asia Pacific real estate by Andrea Zander KKR has appointed real estate veteran John Pattar as member and head of the firm’s real estate business in Asia Pacific.
Transactions | May 17, 2018 Carlyle Group acquires fourth workplace facility by Andrea Zander The Carlyle Group has acquired The Crosspoint building on Liverpool Street in London from Amsprop in an off-market transaction.
Fundraising | May 17, 2018 PAG Asia launches second pan-Asian real estate fund by Jody Barhanovich PAG Asia, an alternative investment management firm, has launched its second real estate fund in the pan-Asian series.
Transactions | May 17, 2018 CapitaLand buys Frankfurt tower for €356m by Andrea Zander TRIUVA has sold the Gallileo office tower in Frankfurt, an investment that was executed as a club deal with South Korean institutional clients, to CapitaLand Limited, a Singapore-based real estate company, and CapitaLand Commercial Trust (CCT), a real estate investment trust listed in Singapore.
People | May 16, 2018 J.P. Morgan names Tom Klugherz executive director Americas by Released J.P. Morgan Asset Management has appointed Tom Klugherz as executive director for J.P. Morgan Global Alternative’s real estate Americas platform.
Investors | May 16, 2018 JV plans to acquire $500m in assets in next two years by Jody Barhanovich Harbor Associates and joint venture partner The Bascom Group plan to acquire $500 million in assets throughout the western United States over the next two years.
Investors | May 16, 2018 Houston Firefighters commits $25m to real estate by Jody Barhanovich The $4.2 billion Houston Firefighters’ Relief and Retirement Fund has committed $25 million to a global real estate fund managed by Toronto-based global alternative asset manager Brookfield Asset Management.
Fundraising | May 16, 2018 Valor extends partnership with AIG with launch of industrial fund by Jody Barhanovich Valor Real Estate Partners has launched its second venture, Valor Industrial Partners 2 (VIP2), with AIG Global Real Estate, which is comprised of a group of international companies within the global insurance organization AIG, as well as a further acquisition for the vehicle in the United Kingdom.
Fundraising | May 16, 2018 BKM Capital Partners holds $160m first close for industrial fund by Jody Barhanovich BKM Capital Partners, an institutional fund manager, has held the first close of its second institutional fund.
Investors | May 16, 2018 Dutch PMT commits an additional €100m to Barings core fund by Andrea Zander Following the recommendation of their fiduciary manager MN, Pensioenfonds voor Metaal en Techniek (PMT) will commit an additional €100 million ($118 million) to the open-end Barings European Core Property Fund (BECPF) as part of its European core real estate allocation, targeting a second quarter close.
Research | May 16, 2018 Hong Kong ranks third globally for construction costs by Jennifer Molloy In the Asia Pacific region, Hong Kong is once again the most expensive city to build, and now ranks as the third most expensive city in the world for building, after New York City and San Francisco, according to Turner & Townsend’s just released International Construction Market Survey 2018.
Investors | May 16, 2018 Panattoni to invest €1.2b in urban logistics across Europe by Andrea Zander Panattoni Europe has announced investments worth €1.2 billion ($1.4 billion) in city logistics projects — facilities built within city limits dedicated to the so-called last-mile delivery.
People | May 16, 2018 New CEO for Grosvenor Americas by Released Grosvenor Group, which first invested in Vancouver 65 years ago, has appointed Steve O’Connell as its new CEO.
Investors | May 16, 2018 SJCERA commits $45m to value real estate fund by Jody Barhanovich The $2.85 San Joaquin County (Calif.) Employees’ Retirement Association has committed $45 million to a fund managed by Stockbridge Capital Group.
