People | Dec 20, 2017 UBS appoints new head of real estate for Europe by Andrea Waitrovich UBS Asset Management has appointed Reto Ketterer as head of real estate for Europe.
Transactions | Dec 20, 2017 PGIM, Carroll Organization JV acquires 28-property multifamily portfolio by Jody Barhanovich PGIM Real Estate and Carroll Organization have formed a joint venture to acquire a multifamily portfolio including 28 properties across Florida, North Carolina, Tennessee and Texas.
People | Dec 20, 2017 Rockwood announces advancements in strategic planning by Released Rockwood Capital has appointed Peter Falco to role of senior strategic advisor beginning in January 2018.
Investors | Dec 20, 2017 Oklahoma TRS commits $60m to GreenOak fund by Jody Barhanovich Oklahoma Teachers Retirement System has committed $60 million to a fund managed by GreenOak Real Estate.
Transactions | Dec 20, 2017 MG Properties Group acquires two Seattle area apartment properties for $133m by Jody Barhanovich MG Properties Group has acquired two properties in the greater Seattle area.
Fundraising | Dec 20, 2017 Union Investment/Deutsche Asset One launch €750m fund by Andrea Waitrovich Union Investment and Deutsche Asset One have launched a new Spezialfonds, Wohnen Deutschland Spezial, with a target volume of €750 million ($890 million).
Transactions | Dec 20, 2017 GEG buys Japan Center in Frankfurt for €280m by Andrea Waitrovich GEG German Estate Group, privately held by the domestic Deutsche Immobilien Chancen group and U.S.-based investor KKR, has purchased the Japan Center in Frankfurt CBD.
Transactions | Dec 20, 2017 Aldar Properties pays $179m for office tower in Abu Dhabi by Released Aldar Properties has completed the acquisition a high-quality office tower located in Capital Gate district of Abu Dhabi for AED 658 million ($179 million).
Fundraising | Dec 20, 2017 L&B Realty Advisors raises $467m for core fund by Jody Barhanovich L&B Realty Advisors has raised $467 million for a core real estate fund.
Transactions | Dec 19, 2017 The Carlyle Group expands into Northern Italy logistics by Released The Carlyle Group has extended its European logistics platform through the acquisition of five logistics assets in Northern Italy.
Transactions | Dec 19, 2017 KPMG to sell London headquarters for £400m and stake in Shenzhen property project by Andrea Waitrovich International accountancy firm KPMG has arranged a sale and leaseback deal with Hong Kong–based Kingboard Investments for its London headquarters.
Investors | Dec 19, 2017 Illinois SURS searches for open-end core-plus real estate fund managers by Jody Barhanovich State Universities Retirement System of Illinois has requested proposals.
Fundraising | Dec 19, 2017 Hammes Partners holds $687m final close by Andrea Waitrovich Hammes Partners has held a final close for Hammes Partners III, raising $687 million and exceeding its target.
Transactions | Dec 19, 2017 Starwood Capital Group buys assets in Sydney by Released A joint venture between Starwood Capital Group affiliate, Arrow Property Investments, and Pindan Capital has acquired a 190,000-square-foot office in North Sydney.
Investors | Dec 19, 2017 GTIS Partners, CalSTRS form residential JV by Released GTIS Partners and the $215.3 billion California State Teachers’ Retirement System, have entered into a joint venture agreement to initially invest $204 million in homebuilding and residential lot development, nationwide.
Transactions | Dec 19, 2017 PATRIZIA buys another, acquiring Rockspring Property Investment Managers by Andrea Waitrovich PATRIZIA Immobilien AG has acquired Rockspring Property Investment Managers.
Research | Dec 19, 2017 Goldilocks environment expected for North American real estate in 2018 by Andrea Waitrovich The headline noise heard throughout 2017 proved to be just that, as capital markets continue to be resilient. Long-term secular trends continue to evolve and drive strong financial performance. The construction of portfolios that balance “goldilocks” and “bear” scenarios are recommended in LaSalle Investment Management’s Investment Strategy Annual 2018.
People | Dec 19, 2017 Nuveen appoints new managing director for real estate, Hong Kong by Released Nuveen has appointed Louise Kavanagh as managing director for real estate, based in its Hong Kong office.
Fundraising | Dec 19, 2017 Brookfield launches new debt fund by Jody Barhanovich Brookfield Asset Management has launched a new senior mezzanine real estate debt fund.
Investors | Dec 19, 2017 Hawaii commits up to $60m to KKR real estate fund by Jody Barhanovich Hawaii Employees’ Retirement System has committed up to $60 million to a fund managed by KKR.
