Transactions | Nov 13, 2017 Fort Group buys IMMOFINANZ Moscow retail portfolio for $1b by Andrea Waitrovich Austria-based IMMOFINANZ has agreed to sell its five Moscow shopping centers to Fort Group, a St. Petersburg commercial real estate developer, for €901 million ($1.05 billion).
Fundraising | Nov 13, 2017 AXA Investment Managers – Real Assets hold €240m final close for logistics fund by Jody Barhanovich AXA Investment Managers – Real Assets has held a €240 million ($279 million) final close.
Fundraising | Nov 13, 2017 Phoenix Capital Partners holds $225m final close by Jody Barhanovich Phoenix Capital Partners, a private equity real estate firm, has held a $225 million final close.
Investors | Nov 13, 2017 Texas Permanent commits $237m to real estate funds by Jody Barhanovich Texas Permanent School Fund has committed a total of $237 million to three real estate funds.
Fundraising | Nov 10, 2017 LEM Capital closes fourth fund by Released LEM Capital closed the firm’s fourth discretionary fund in August at its original $300 million target.
Transactions | Nov 10, 2017 New York REIT sells another asset by Andrea Waitrovich New York REIT has entered into a contract to sell its property located at 333 West 34th St.
Investors | Nov 10, 2017 Montana commits $40m to core real estate fund by Jody Barhanovich Montana Board of Investments has committed $40 million to a fund managed by American Realty Advisors.
Fundraising | Nov 10, 2017 Starlight reports Q3 2017 results for U.S. Multi-Family (No. 5) Core Fund with strong same property NOI growth of 3.3% by Released Starlight U.S. Multi-Family (No. 5) Core Fund has reported its results of operations and financial condition for the three months ended Sept. 30, 2017.
Transactions | Nov 10, 2017 Balfour Beatty wins $581m contract in Texas by Andrea Waitrovich Balfour Beatty has been selected by the Texas Facilities Commission (TFC) as the construction manager-agent (CMA) for the first phase of the $581 million State of Texas Capitol Complex Master Plan.
Research | Nov 10, 2017 Investors maintain confidence in hospitality market by Andrea Waitrovich Investors maintain confidence in the hospitality market as occupancy and revenue metrics improve, according to Marcus & Millichap’s midyear 2017 report.
Fundraising | Nov 10, 2017 Brookfield continues to raise capital for open-ended fund by Jody Barhanovich Brookfield Asset Management has raised $1.37 billion in additional capital for its open-ended fund.
Research | Nov 10, 2017 Listed equity REITs remain top-performing asset by Andrea Waitrovich With an estimated 10,000 Americans retiring every day, pension funds are under increased pressure to maximize returns and generate steady income to meet the growing financial obligations of the country’s retirees, according to Asset Allocation and Fund Performance of Defined Benefit Pension Funds in the United States Between 1998-2015, by pension research firm CEM Benchmarking, sponsored by NAREIT.
Transactions | Nov 10, 2017 Recent commercial real estate transactions by Roxy Rhodes Transactions reported this week included the sale of an office in New York City.
Transactions | Nov 10, 2017 Hengda Real Estate sells owning stakes for $55b by Released Kailong Real Estate and Hengda Real Estate, both being subsidiaries of Evergrande Group, have sold controlling stakes in Hengda Real Estate to third-party investors.
Transactions | Nov 9, 2017 Invesco and AEW sell retail portfolio for €240m by Andrea Waitrovich Redos Real Estate, who works with equity from Union Investment, has plans to buy Bordeaux Portfolio for €240 million ($280 million).
Investors | Nov 9, 2017 SJCERA seeks real estate consultant by Jody Barhanovich San Joaquin County (Calif.) Employees’ Retirement Association is searching for a real estate consultant.
Investors | Nov 9, 2017 Connecticut considers commitment to Crow Holdings fund by Jody Barhanovich Connecticut Retirement Plans and Trust Funds is considering an equity commitment to a fund managed by Crow Holdings Capital Real Estate.
Transactions | Nov 9, 2017 Signa buys portfolio from RFR for €1.5b by Andrea Waitrovich SIGNA Prime Selection AG has acquired a five-property portfolio for €1.5 billion ($1.8 billion).
Investors | Nov 9, 2017 PSPRS generates $1b in returns for fiscal year 2017 by Jody Barhanovich Public Safety Personnel Retirement System of the State of Arizona has generated $1 billion in returns for fiscal year 2017.
Research | Nov 9, 2017 Chinese outbound real estate investment falls 51% by Andrea Waitrovich Chinese outbound real estate investment fell 51 percent year-over-year to $2.5 billion in third quarter 2017, the lowest total in 14 quarters, according to Cushman & Wakefield.
