People | Nov 16, 2017 Michael Levy appointed CEO of Crow Holdings by Released Crow Holdings today announced that Michael Levy has been appointed CEO.
Fundraising | Nov 16, 2017 Gaw raises $250m for latest U.S. fund by Andrea Waitrovich Gaw Capital Partners has raised $250 million in a first close for its U.S. Value Add Fund II.
Investors | Nov 16, 2017 Shenzhen Capital Group, Suning to establish $4.5b China logistics real estate fund by Andrea Waitrovich Chinese venture capital firm Shenzhen Capital Group Co. and retail firm Suning Commerce Group Co. have agreed to jointly establish a logistics real estate fund.
Transactions | Nov 16, 2017 Waterfront parcel in Hong Kong sells for $2.2b by Andrea Waitrovich The Hong Kong government has sold a waterfront site in Cheung Sha Wan for $2.21 billion.
Transactions | Nov 16, 2017 Shui On sells mixed-use project for $701m by Andrea Waitrovich Shui On Land and its affiliated joint venture partner SOCAM Development are selling its mixed-use Dalian Tiandi project to Yida China Holdings for $701 million.
Transactions | Nov 16, 2017 Facebook increases investment in N.M. data center to total $1b by Andrea Waitrovich Facebook has plans to expand its data center in Los Lunas, N.M.
People | Nov 16, 2017 Kerrigan Procter named CEO of L&G Capital by Andrea Waitrovich Legal & General Group Plc has appointed Kerrigan Procter as CEO of its capital division.
Research | Nov 15, 2017 Prepare now: Tech innovation and the Asia Pacific workplace by Jennifer Molloy Technological advancements, with their seemingly revolutionary effects on real estate markets, are making corporations in the Asia Pacific region increasingly aware of their need to take action now to restructure their operations around new technology, according to CBRE Research’s inaugural report, Work_It: Technology/Workplace/Jobs.
Fundraising | Nov 15, 2017 Brookfield Asset Management holds $3b final close by Andrea Waitrovich Brookfield Asset Management has held a final close for its Brookfield Real Estate Finance Fund V (BREF V) with aggregate equity commitments of approximately $3 billion.
Transactions | Nov 15, 2017 SL Green to sell 43% stake for $1.9b by Released SL Green Realty Corp. has entered into a contract to sell a 43 percent interest in 1515 Broadway to affiliates of Allianz Real Estate.
Investors | Nov 15, 2017 Virginia-based pension seeks timber investment manager by Jody Barhanovich Danville (Va.) Employees’ Retirement System is conducting a timber investment manager search under the guidance of its investment consultants.
Investors | Nov 15, 2017 MCERA seeks general investment consultant by Jody Barhanovich Merced County (Calif.) Employees’ Retirement Association is searching for a general investment consultant.
Research | Nov 15, 2017 NYC 5th Avenue most expensive retail location by Andrea Waitrovich New York’s 5th Avenue (49th – 60th streets) is ranked number one as the most expensive retail location globally and in the Americas, according to the 29th edition of Cushman & Wakefield’s global flagship report, Main Streets Across the World.
Fundraising | Nov 15, 2017 Titan Development launches $200m real estate fund by Jody Barhanovich Titan Development has launched a new real estate fund.
Transactions | Nov 15, 2017 Croydon Partnership secures £1.4b approval for Croydon redevelopment by Andrea Waitrovich The Croydon Partnership, a joint venture between Westfield and Hammerson, has secured a resolution to grant outline planning consent from the London Borough of Croydon for its upgraded plans for the £1.4 billion ($1.8 billion) redevelopment of the Whitgift Center.
Investors | Nov 15, 2017 Aberdeen Standard Investments to launch European logistics investment company by Andrea Waitrovich Global asset manager Aberdeen Standard Investments is planning to launch a new U.K. investment trust in December 2017, Aberdeen Standard European Logistics Income PLC.
Transactions | Nov 14, 2017 Landmark Macau hotel and casino complex to sell for $590m by Andrea Waitrovich Macau Legend Development has plans to sell its Landmark Macau hotel and gambling complex in China for $590 million.
Transactions | Nov 14, 2017 CIM Group buys Cole Capital by Released VEREIT has sold Cole Capital to an affiliate of CIM Group in a cash-and-fees deal worth up to $200 million.
Research | Nov 14, 2017 Nearly half of U.S. adults prefer shopping in-store over online shopping by Andrea Waitrovich Nearly half (47 percent) of U.S. adults surveyed prefer to make purchases in-store over shopping online, according to Coldwell Banker Commercial Affiliates.
Transactions | Nov 14, 2017 $2.5b waterfront mixed-use project planned for Sayreville by Andrea Waitrovich A joint venture between North American Properties and PGIM Real Estate is set to break ground on Riverton, a $2.5 billion, 418-acre, mixed-use development located roughly 33 miles south of Manhattan along the Raritan River in Sayreville.
