Transactions | Dec 16, 2024 Newmark Arranges $600m construction financing for 50 MW build-to-suit data center for Blue Owl, Chirisa and PowerHouse by Released Newmark Group has arranged a $600 million loan to capitalize a 50-megawatt build-to-suit data center development by Blue Owl Real Estate, Chirisa and PowerHouse Data Centers in Northern Virginia.
Transactions | Dec 13, 2024 Savills Investment Management acquires further supermarket portfolio in Portugal on behalf of European Food Retail strategy by Released Savills Investment Management, the international real estate investment manager, has acquired a portfolio of four urban supermarkets in Portugal on behalf of its European Food Retail strategy.
Goldman Sachs Asset Management releases 2025 outlook by Andrea Zander Goldman Sachs Asset Management (GSAM) has released its 2025 Outlook, entitled “Reasons to Recalibrate”.
Transactions | Dec 13, 2024 ESR Group to list Kunshan logistics projects through a REIT by Andrea Zander ESR Group has plans to list three logistics projects in Kunshan, Jiangsu Province, China, through a publicly offered infrastructure securities investment fund (REIT) on the Shanghai Stock Exchange, according to a filing.
Research | Dec 13, 2024 Clarion Partners releases its 2025 outlook by Andrea Zander Commercial real estate, which has been under valuation pressure since the Federal Reserve started increasing interest rates, is also poised to be a beneficiary of the central bank’s easing program, according to 2025 U.S. real estate market outlook from the team at Clarion Partners.
Investors | Dec 13, 2024 OP&F approves 2025 real estate allocation amounts by Elise Mackanych In its meeting on Dec. 4, the Ohio Police and Fire (OP&F) board of trustees has approved target allocation amounts for new commitments in its 2025 Real Estate Investment Plan.
Transactions | Dec 13, 2024 Hornrock Properties, GTIS Partners JV secures $115m for luxury apartment complex in New Jersey by Denise Moose A joint venture between Hornrock Properties and GTIS Partners secured $115 million in refinancing for Ivy and Green, a newly delivered, luxury multi-housing community totaling 389 units in Hackensack, N.J.
Transactions | Dec 13, 2024 PATRIZIA’s 700,000sf data center in Thames Valley ‘golden corridor’ gets green light from U.K. government by Kali Persall PATRIZIA has announced planning for a high-tech 700,000 square-foot data center in Buckinghamshire, England, is set to move forward, following approval by the U.K. government.
Research | Dec 13, 2024 Confluence of headwinds, tailwinds and presidential policies shape optimistic outlook for multifamily investment sector in 2025, says Origin Investments by Released Origin Investments is predicting that multifamily rents and construction costs will move higher in 2025, banks’ shifting “extend and pretend” strategies will force industry-wide losses, inflation will likely increase, and consumers will continue to choose renting versus buying homes because of a record pricing gap.
Fundraising | Dec 12, 2024 Canyon Partners raises $1.2b for its real estate debt strategy by Andrea Zander Canyon Partners Real Estate has held a final close of the Canyon US Real Estate Debt Fund III.
People | Dec 12, 2024 Joel Pecoy joins Barings to lead U.S. real estate debt asset management by Released Joel Pecoy has joined Barings to lead U.S. real estate debt asset management, effective immediately.
Transactions | Dec 12, 2024 PGIM Real Estate and Pithos Capital launch self-storage venture in France by Andrea Zander PGIM Real Estate and Pithos Capital have launched a joint venture in France to acquire and reposition self-storage assets.
Transactions | Dec 12, 2024 Blackstone announces acquisition of Tokyo Garden Terrace Kioicho, Japan’s largest ever real estate investment by a foreign investor by Andrea Zander Real estate funds managed by Blackstone have entered into definitive agreements to acquire Tokyo Garden Terrace Kioicho, a 2.4 million-square-foot mixed-use asset, from affiliates of Seibu Holdings for $2.6 billion.
Research | Dec 12, 2024 AI study finds global real estate secondaries market in excess of $23b annually by Released More than $23.4 billion worth of global real estate secondaries transactions closed in 2023 — significantly greater than existing market consensus estimates of roughly $10 billion — according to a new artificial intelligence–enhanced data capture methodology developed by CBRE Investment Management (CBRE IM).
Transactions | Dec 12, 2024 Newmark arranges $525m refinancing for flexible living apartment portfolio operated by Sentral by Released Newmark Group has completed a $525 million refinancing on behalf of ICONIQ Capital and Sentral: a first-of-its-kind single-asset, single-borrower CMBS loan to refinance flexible apartment properties.
Investors | Dec 12, 2024 Brookfield opens new office hub in Paris by Kali Persall Brookfield Asset Management, a global alternative asset manager with more than $1 trillion of assets under management, has opened a new office hub in Paris to deepen its established presence in the French market.
Transactions | Dec 12, 2024 Kite Realty Group partners with Fifth Wall by Released Kite Realty Group has plans to invest in Fifth Wall.
Real Estate | Dec 11, 2024 REITs rise 4% in November amid favorable outlook for 2025 by Loretta Clodfelter REIT fundamentals are solid and should pick up as the economy remains strong, transaction activity in real estate picks up and supply comes down, according to Todd Kellenberger, REIT client portfolio manager at Principal Asset Management.
Other | Dec 11, 2024 J.P. Morgan Asset Management hires alternatives strategist Aaron Mulvihill by Released Aaron Mulvihill has joined J.P. Morgan Asset Management on its market insights team as an executive director and global market strategist specializing in alternatives.
Transactions | Dec 11, 2024 Summit Hotel Properties announces pending acquisition of two-hotel portfolio for $96m through GIC JV by Released Summit Hotel Properties, through its joint venture with GIC, is under contract to acquire two hotels.
