Transactions | Jun 16, 2017 PCL Construction wins $1.1b cancer center contract by Released PCL Construction Management has been awarded the $1.1 billion design-build contract for the new Calgary Cancer Centre project.
Research | Jun 16, 2017 STR: U.S. hotel pipeline for May 2017 by Andrea Waitrovich According to STR’s May 2017 Pipeline Report, approximately 580,068 rooms in 4,806 hotel projects are “under contract” in the United States.
Investors | Jun 16, 2017 Los Angeles decreases real estate expense budget by Jody Barhanovich Los Angeles Fire and Police Pension will have a $22.86 million real estate investment expense budget for 2017–2018.
Investors | Jun 16, 2017 Tunstall and Starwood acquire Pinnacle Group by Released Tunstall Real Estate Asset Management and Starwood Capital Group have formed a 50/50 joint venture to acquire Pinnacle Group.
Transactions | Jun 15, 2017 Cottonwood Management breaks ground on $900m project in Boston by Andrea Waitrovich Cottonwood Management has started construction of Echelon Seaport, a three-tower, $900 million mixed-use development in Boston’s Seaport district.
Investors | Jun 15, 2017 PSERS considers commitment to real estate fund by Jody Barhanovich PSERS is considering an equity commitment to a fund managed by Angelo, Gordon & Co.
Transactions | Jun 15, 2017 NEPI buys Serdika complex in Sofia for €207m by Andrea Waitrovich New Europe Property Investments has acquired a property in Sofia, capital of Bulgaria.
Investors | Jun 15, 2017 Federal Reserve raises benchmark interest rate by Andrea Waitrovich The Federal Reserve raised interest rates on Wednesday for the second time in three months.
Transactions | Jun 15, 2017 $1b Boston revitalization project moves forward by Andrea Waitrovich The Somerville Board of Aldermen approved rezoning to allow the city to move forward on a proposed $1 billion.
Transactions | Jun 15, 2017 CalSTRS, CBRE acquire Calif. office building for $162m by Jody Barhanovich California State Teachers Retirement System and CBRE Global Investors have acquired an office building in Santa Clara, Calif.
Transactions | Jun 15, 2017 Union Investment acquires office building in Seattle by Andrea Waitrovich Union Investment has acquired the class A Midtown21 office building in Seattle for $330 million.
Investors | Jun 15, 2017 Michigan commits $70m to real estate funds by Jody Barhanovich The Michigan Department of Treasury has committed a total of $70 million to real estate.
Transactions | Jun 14, 2017 Chinese investor offers $3b to acquire Brookdale by Andrea Waitrovich Zhonghong Zhuoye Group Co. has reportedly offered approximately $3 billion for the acquisition of Brookdale Senior Living.
Transactions | Jun 14, 2017 Calida Group plans apartments in Las Vegas by Jody Barhanovich The Calida Group plans to buy a long-litigated parcel in Las Vegas.
Research | Jun 14, 2017 Study: U.S. needs 4.6m new apartments by 2030 to meet rising demand by Andrea Waitrovich The country needs to construct 4.6 million new apartments by 2030, according to a new study conducted by Hoyt Advisory Services and commissioned by the National Multifamily Housing Council and National Apartment Association.
Fundraising | Jun 14, 2017 Meridia Capital holds €215m final close by Jody Barhanovich Meridia Capital as held a €215 million ($242 million) final close.
People | Jun 14, 2017 Rockspring announces 6 senior promotions across the firm by Released Rockspring Property Investment Managers has announced the expansion of its senior management team.
Transactions | Jun 14, 2017 UPS to build new $260m facility in Indiana by Andrea Waitrovich United Parcel Service has plans to build a $260 million package processing facility in Indiana.
People | Jun 14, 2017 Anbang chairman steps down by Andrea Waitrovich Wu Xiaohui, the chairman of Anbang Insurance Group, has stepped down as chairman.
Transactions | Jun 13, 2017 Tristan Capital acquires Madrid business park for €103m by Jody Barhanovich Tristan Capital Partners, a pan-European real estate manager, has acquired a business park in Madrid for €103 million ($115 million) from an affiliate of Lone Star Funds.
