Research | Nov 3, 2017 U.S. adds 261,000 jobs in October by Loretta Clodfelter The U.S. economy added 261,000 jobs in October, according to the Bureau of Labor Statistics, and the unemployment rate fell 10 basis points to 4.1 percent.
Transactions | Nov 3, 2017 Recent commercial real estate transactions by Roxy Rhodes Transactions reported this week included the sale of a Southern California logistics portfolio and an L.A. office.
Fundraising | Nov 3, 2017 TPG Capital targets $3b for opportunistic fund by Jody Barhanovich TPG Capital, a private equity investment firm, has plans to raise $3 billion for an opportunistic fund.
Transactions | Nov 2, 2017 Another SF waterfront billion dollar project receives approval by Andrea Waitrovich San Francisco Board of Supervisors has approved Forest City Realty Trust’s approximately $2 billion Pier 70 overhaul in San Francisco.
Transactions | Nov 2, 2017 CK Asset Holdings sells Hong Kong office tower for $5.15b by Jody Barhanovich CK Asset Holdings is planning to sell a unit that owns The Center for approximately $5.15 billion.
Transactions | Nov 2, 2017 Kayne Anderson Real Estate Advisors acquires Brooklyn property for $200m by Andrea Waitrovich Kayne Anderson Real Estate Advisors has acquired The Towers, a historic, 16-story building located at 21 Clark St. in the heart of Brooklyn Heights in New York City.
Investors | Nov 2, 2017 J.P. Morgan and NYSTRS invest $200m in grocery-focused REIT by Released Donahue Schriber Realty Group has received a $200 million equity investment from institutional investors.
Transactions | Nov 2, 2017 Blackstone buys logistics portfolio from Principal for $500m by Andrea Waitrovich Blackstone Group has purchased a 4 million-square-foot portfolio of warehouses, distribution centers and other industrial property for $500 million.
Fundraising | Nov 2, 2017 LaSalle closes fourth Japanese Logistics Fund by Jody Barhanovich LaSalle Investment Management has closed its fourth fund in its Japanese logistics series, JLF IV.
Investors | Nov 2, 2017 Carlyle increases AUM by 3% since Q2 by Jody Barhanovich The Carlyle Group, a global alternative asset manager, has reported a 3 percent increase in assets under management since second quarter 2017.
Fundraising | Nov 2, 2017 TH Real Estate raises additional €422m for European Cities Fund by Jody Barhanovich TH Real Estate has raised an additional €422 million ($492 million) for its European Cities Fund from five international investors.
Investors | Nov 2, 2017 Recent commercial real estate commitments by Loretta Clodfelter IREI’s FundTracker captured 16 real estate commitments in the past month.
Transactions | Nov 1, 2017 Merlin Entertainments to develop $350m N.Y. Legoland by Andrea Waitrovich Merlin Entertainments plans to develop the Northeast’s first Legoland destination resort.
Transactions | Nov 1, 2017 Olayan America, Chelsfield unveil plans for $300m renovation of 550 Madison Avenue in Manhattan by Released Olayan America and its real estate development partner Chelsfield unveiled plans for 550 Madison Ave. in Midtown Manhattan.
Fundraising | Nov 1, 2017 IndoSpace launches third fund with $550m target by Andrea Waitrovich IndoSpace, a joint venture of private equity firm Everstone Group and U.S.-based industrial real estate firm Realterm, has launched its third fund, IndoSpace III.
Investors | Nov 1, 2017 FSBA commits $125m to value-added real estate in Q3 by Jody Barhanovich Florida State Board of Administration committed $125 million to two real estate funds in third quarter 2017.
Fundraising | Nov 1, 2017 PGIM raises $134m for first close of U.S. property fund by Jody Barhanovich PGIM Real Estate, the real estate investment business of PGIM, has held a $134 million first close for its U.S. Property Fund VI.
Research | Nov 1, 2017 CMBS delinquency rate drops 19 bps in October by Jody Barhanovich The Trepp CMBS Delinquency Rate dropped sharply in October, marking the fourth straight month in which it has fallen.
Investors | Oct 31, 2017 CalPERS expands relationship with Canyon Partners Real Estate by Released The California Public Employees’ Retirement System has allocated $350 million of new capital to the Canyon Catalyst Fund.
Research | Oct 31, 2017 Singapore rents rise for the first time in nine quarters by Andrea Waitrovich During the third quarter 2017, CBD premium and class A office rents in Singapore rose for the first time in nine quarters, up 0.4 percent quarter-over-quarter, signaling a turnaround, according to Colliers International.
