Fundraising | May 30, 2018 ESR completes closings of $1.2b of equity for Japan developments by Andrea Zander ESR, a pan-Asia logistics real estate developer, owner and operator, has completed the fund raise of its most recent Japan fund.
Transactions | May 30, 2018 Commerz Real buys New York office building for $333m by Jody Barhanovich Commerz Real, a subsidiary of Commerzbank AG, has purchased the 25-story office building at 222 E. 41st Street in New York City for $333 million.
Transactions | May 30, 2018 Newmark to acquire RKF Retail Holdings by Released Newmark Group has agreed to acquire RKF Retail Holdings and subsidiaries that make up the RKF brand.
Investors | May 30, 2018 Aviva Investors establishes real assets business by Andrea Zander Aviva Investors has formed a new real assets business (AIRA), bringing together direct real estate, infrastructure, structured finance and private debt under a single leadership and operating structure.
People | May 30, 2018 TGM Associates co-founder passes away by Released TGM Associates has announced the death of its co-founder and long-time CEO, Thomas Gochberg.
People | May 29, 2018 Scott Evans to depart as CIO of New York City Retirement Systems by Andrea Zander Scott Evans, the chief investment officer of the New York City Retirement Systems, will leave on June 29, the end of the current fiscal year.
Transactions | May 29, 2018 Kennedy Wilson sells $422m multifamily portfolio by Released Kennedy Wilson has completed the sale of a $422 million, six-property multifamily portfolio totaling 2,199 units.
Transactions | May 29, 2018 Campus Advantage adds $200m to student housing portfolio by Andrea Zander Campus Advantage has acquired six student housing properties as part of a joint venture with a major state pension fund.
Investors | May 29, 2018 Texas Municipal Retirement System commits $75m to real estate by Andrea Zander The $28.4 billion Texas Municipal Retirement System has committed $75 million to a fund managed by Abacus Capital Group.
Fundraising | May 29, 2018 Second offering of INVL Baltic Forests Fund I raises €10m by Andrea Zander Lithuanian asset management company INVL Asset Management has completed a second non-public offering of the INVL Baltic Forests Fund I for informed investors, raising €10 million ($12 million) in the process.
People | May 29, 2018 Oxygen Hospitality Group appoints CEO, buys first asset by Andrea Zander Oxygen Hospitality Group has named Yaron Ashkenazi as its CEO.
Investors | May 29, 2018 GVA’S property management team wins mandate from Brighton & Hove CC by Andrea Zander GVA has been appointed by Brighton & Hove City Council to provide strategic estate management advice and support for the Council’s property portfolio, comprising more than 650 assets and an annual rent roll of £7.85 million ($10.4 million).
Investors | May 29, 2018 TRS Illinois hires real estate management firms by Andrea Zander The $51.4 billion Teachers’ Retirement System (TRS) of Illinois has hired three management firms for its $5.6 billion real estate portfolio.
Transactions | May 29, 2018 Immofinanz rejects Starwood Capital bid by Andrea Zander Austria-based real estate firm Immofinanz AG has rejected a partial takeover offer from an affiliate of Starwood Capital Group.
Investors | May 29, 2018 AECOM establishes JV to advance transit-oriented development opportunities across People’s Republic of China by Andrea Zander AECOM has signed an agreement with Sunvision Holdings, a subsidiary of Shanghai-based Fosun, for the establishment of a joint venture company focused on developing transit-oriented development (TOD) project opportunities.
Research | May 29, 2018 Global real estate AUM increased 11.8% to $2.8t in 2017 by Andrea Zander Total global real estate assets under management (AUM) rose from $2.5 trillion at the end of 2016 to $2.8 trillion by the end of 2017, with fund managers of all sizes increasing the value of their assets, according to the Fund Manager Survey 2018 conducted by ANREV, INREV and NCREIF.
Investors | May 29, 2018 Blackstone makes another bid for Investa Office Fund by Andrea Zander Blackstone Group has made a A$3.08 billion ($2.3 billion) bid for Sydney-focused company Investa Office Fund.
Investors | May 25, 2018 Michigan Strategic Fund approves $2.7b in projects by Andrea Zander The Michigan Strategic Fund has approved a wide range of projects.
Transactions | May 25, 2018 J.P. Morgan and LGT buy German office portfolio for €230m by Andrea Zander A fund managed by J.P. Morgan Asset Management combined with LGT Capital Invest to acquire a property portfolio in Germany consisting of four office buildings located in Greater Munich area (two assets), Cologne and Düsseldorf.
Fundraising | May 25, 2018 Scape secures further capital for student accommodation fund by Andrea Zander Student accommodation developer Scape Australia has won further financial backing, this time from European and Middle Eastern investors.
