Investors | Nov 22, 2017 Brazil Hospitality Group starts partnership with AccorHotels by Released Brazil Hospitality Group has created a partnership with AccorHotels, which will manage 17 of BHG’s owned hotels.
Transactions | Nov 22, 2017 Hammerson sells Strasbourg shopping center to LaSalle Investment Management by Andrea Waitrovich Hammerson has exchanged contracts for the sale of its share (64.5 percent) of Place des Halles shopping center in Strasbourg, France.
Fundraising | Nov 22, 2017 TH Real Estate holds $550m first close by Andrea Waitrovich TH Real Estate has raised $550 million in a first close for its ERES APAC II: China Outlet Mall Fund.
Research | Nov 21, 2017 Chinese outbound investment falls 51% to 14-quarter low by Andrea Waitrovich Chinese outbound real estate investment fell 51 percent year-over-year to $2.5 billion during the third quarter, the lowest total in 14 quarters, according to Cushman & Wakefield's recent report "China Outbound Investment." The decline came amid new outbound investment restrictions and investor caution prior to the 19th Party Congress meetings in Beijing.
Research | Nov 21, 2017 Holiday shopping: E-Commerce sales growth outpaces traditional retail by Andrea Waitrovich During the third quarter 2017, U.S. retail e-commerce sales for the third quarter of 2017, adjusted for seasonal variation, but not for price changes, was $115.3 billion, an increase of 3.6 percent (±0.7 percent) from the second quarter of 2017, according to the U.S. Census Bureau’s latest report.
Transactions | Nov 21, 2017 Griffin Capital selling DreamWorks Studio in Glendale, Calif., for $290m by Released Griffin Capital Co., on behalf of Griffin Capital Essential Asset REIT, has sold DreamWorks Animation’s Headquarters and Studio Campus, located in Glendale, Calif.
Transactions | Nov 21, 2017 South Korean investor acquires Bristol office for €107m by Andrea Waitrovich Sol Zakay’s Topland Group has sold the freehold interest in an office located in Bristol, England.
Fundraising | Nov 21, 2017 Ascendas-Singbridge Group launches fifth office fund by Andrea Waitrovich Ascendas-Singbridge Group has launched its fifth office fund through its subsidiary Ascendas Asset Management Co.
Transactions | Nov 21, 2017 Argosy Real Estate Partners acquires Glen View by Released Argosy Real Estate Partners IV and its parallel funds closed on the off-market acquisition of Glen View.
Transactions | Nov 21, 2017 Union Investment closes £220m London acquisition by Andrea Waitrovich Union Investment has bought Mitre House at 160 Aldersgate Street, EC1, in London for approximately £220 million ($290 million).
Research | Nov 20, 2017 Commercial real estate industry makes progress in reducing energy consumption by Andrea Waitrovich A new report from the Urban Land Institute’s (ULI) Greenprint Center for Building Performance shows that several of the world’s leading commercial real estate owners and managers are making significant progress in reducing energy consumption, carbon emissions and water usage in their buildings.
Research | Nov 20, 2017 San Francisco named number 1 high-tech job growth market by Andrea Waitrovich Tech jobs grew four times faster than the national average, according to CBRE Research’s 2017 Tech-30 report. San Francisco was the top high-tech job growth market for the sixth year in a row with a 39.4 percent job growth from 2015 to 2016.
Fundraising | Nov 20, 2017 Brickman raises $50m for new value-added fund by Jody Barhanovich Brickman, a New York–based real estate investor and operator, has raised $50 million for its new value-added fund.
Investors | Nov 20, 2017 Illinois Municipal commits $75m to real estate fund by Jody Barhanovich Illinois Municipal Retirement Fund has committed up to $75 million to a fund managed by Artemis Real Estate Partners.
People | Nov 20, 2017 IMRF appoints Brian Collins as next executive director by Jody Barhanovich Illinois Municipal Retirement Fund board of trustees has hired City of Memphis CFO and director of finance and administration Brian Collins as the organization’s next executive director.
Transactions | Nov 20, 2017 ATP and Danica enter into € 1.9b joint venture agreement on Danish shopping center portfolio by Andrea Waitrovich The two Danish pension funds, ATP and Danica, have entered into a joint venture agreement that will include 16 leading Danish shopping centers with a total value of € 1.9 billion ($2.2 billion).
Research | Nov 20, 2017 GIC acquires majority Stake in new innovation precinct in Melbourne by Released GIC, Singapore’s sovereign wealth fund, announced its participation as a majority investor in a new innovation precinct in Melbourne, Australia
Research | Nov 20, 2017 Asia Pacific property stocks outperform other regions globally by Christopher Hartung Due to a seemingly ever-expanding list of countries with better economic growth prospects, September extended the Asia Pacific property sector’s positive performance, with total returns of 1.3 percent. Impressively, three-quarters through 2017, the region has only suffered one month with negative returns, a nominal –0.3 percent return in June.
Transactions | Nov 20, 2017 Network Rail plans to sells it real estate business by Andrea Waitrovich Network Rail has plans to sell its £1 billion ($1.33 billion) commercial property portfolio.
Transactions | Nov 20, 2017 Mainstreet Health Investments acquires 42-property portfolio for $425m by Jody Barhanovich Mainstreet Health Investments, a healthcare real estate company, has entered into definitive agreements with Tiptree Inc. and certain subsidiaries to acquire Care Investment Trust for $425 million.
