Transactions | May 21, 2018 People’s Republic of China buys site for new London embassy from Delancey by Andrea Zander A joint venture between client funds of real estate investment advisory company Delancey and the LRC Group has completed the sale of the iconic Royal Mint Court site, to the People’s Republic of China.
People | May 18, 2018 The Swig Co. announces new CEO by Released Jim Carbone has been selected to become the next CEO of The Swig Co., a privately held San Francisco–based real estate investment company.
Transactions | May 18, 2018 Seagis buys industrial portfolio in NYC by Jody Barhanovich Seagis Property Group has acquired six warehouse buildings totaling 68,000 square feet in the JFK Submarket of South Queens
Transactions | May 18, 2018 GIC, GMT sell New Zealand office portfolio to Blackstone by Andrea Zander Wynyard Precinct Holdings, a joint venture between Goodman Property Trust (GMT) and Singapore’s sovereign wealth fund GIC, has sold its commercial office precinct in Auckland, New Zealand.
Investors | May 18, 2018 Frasers Property, GIC, JustCo invest $177m to develop Asian co-working platform by Andrea Zander Frasers Property, Singapore’s sovereign wealth fund GIC and co-working space provider JustCo are jointly investing $177 million to develop a co-working space platform across Asia.
Transactions | May 18, 2018 Proposed mega-mall in Miami wins approval from county commissioners by Andrea Zander The Miami-Dade County Commission approved the development of the $4 billion mega-mall American Dream Miami, which promises to be the largest mall in North America.
Investors | May 18, 2018 University of Michigan commits $40m to hotel fund by Jody Barhanovich The University of Michigan’s endowment has committed $40 million to Magna Hotel Fund VI.
Research | May 18, 2018 Office sales in Dallas/Fort Worth down, leasing remains strong by Andrea Zander Office property sales in the Dallas/Fort Worth area during the six months through February 2018 totaled $1.7 billion, a 34 percent decrease compared to the previous six-month total of $2.7 billion, according to Savills.
People | May 18, 2018 First State Super CEO to retire by Andrea Zander Michael Dwyer, CEO of Sydney-based First State Super, an Australian superannuation fund, will retire at the end of November.
Transactions | May 17, 2018 RocaPoint Partners to lead $1b mixed-use redevelopment in South Carolina by Andrea Zander Greenville County (S.C.) Council has approved a new $1 billion shopping-working-residential neighborhood for Greenville’s West End.
Research | May 17, 2018 Orange County office property sales decline by Andrea Zander Office property sales during the last six months (through February 2018) totaled $1.1 billion in Orange County, Calif., a 25.7 percent decline compared to the previous six–month total of $1.5 billion, according to Savills.
Research | May 17, 2018 U.S. office investment remains selective in Q1 2018, with off-market deals boosting activity by Jody Barhanovich Despite the length of this expansionary cycle, the U.S. economic outlook continues to be favorable, according to JLL research.
Investors | May 17, 2018 Michigan retirement system commits $5m to real estate fund by Jody Barhanovich The $213 million Monroe County (Mich.) Employees Retirement System has committed $5 million to a real estate fund managed by TerraCap Management.
People | May 17, 2018 KKR appoints head of Asia Pacific real estate by Andrea Zander KKR has appointed real estate veteran John Pattar as member and head of the firm’s real estate business in Asia Pacific.
Transactions | May 17, 2018 Carlyle Group acquires fourth workplace facility by Andrea Zander The Carlyle Group has acquired The Crosspoint building on Liverpool Street in London from Amsprop in an off-market transaction.
Fundraising | May 17, 2018 PAG Asia launches second pan-Asian real estate fund by Jody Barhanovich PAG Asia, an alternative investment management firm, has launched its second real estate fund in the pan-Asian series.
Transactions | May 17, 2018 CapitaLand buys Frankfurt tower for €356m by Andrea Zander TRIUVA has sold the Gallileo office tower in Frankfurt, an investment that was executed as a club deal with South Korean institutional clients, to CapitaLand Limited, a Singapore-based real estate company, and CapitaLand Commercial Trust (CCT), a real estate investment trust listed in Singapore.
People | May 16, 2018 J.P. Morgan names Tom Klugherz executive director Americas by Released J.P. Morgan Asset Management has appointed Tom Klugherz as executive director for J.P. Morgan Global Alternative’s real estate Americas platform.
Investors | May 16, 2018 JV plans to acquire $500m in assets in next two years by Jody Barhanovich Harbor Associates and joint venture partner The Bascom Group plan to acquire $500 million in assets throughout the western United States over the next two years.
Investors | May 16, 2018 Houston Firefighters commits $25m to real estate by Jody Barhanovich The $4.2 billion Houston Firefighters’ Relief and Retirement Fund has committed $25 million to a global real estate fund managed by Toronto-based global alternative asset manager Brookfield Asset Management.
