Newsline

A consortium led by KakaoBank Corp. and Korea Investment & Securities Co., Ltd., has proposed to acquire Pangyo Tech One Tower, south of Seoul, from Mirae Asset Global Investments Co., Ltd. in a transaction valued at approximately KRW 2 trillion ($1.4 billion).

LaSalle Investment Management has acquired a fully-let office building, Charlottenstraße 82, in central Berlin, on behalf of a German institutional investor client.

Rockwood Capital has agreed to integrate its operations into Harrison Street Asset Management (HSAM).

CapitaLand Investment Limited (CLI), a global real asset manager, announced that Extra Space Asia (ESA), its self-storage platform, is investing nearly S$100 million ($77 million) in its first build-to-suit flagship development in Singapore and acquiring three freehold self-storage facilities in Tokyo.   

AEW has acquired a 97,000-square-meter (1 million-square-foot) urban warehouse and last-mile logistics portfolio, comprising five assets across France, on behalf of a separate account mandate for a French institutional investor.

 StepStone Real Estate (SRE), the real estate arm of StepStone Group and GREYKITE (GK), the independent European real estate investment firm, have planned the recapitalization of Vitalia.

LNL Capital has named Todd Stender has been appointed as managing director, supporting capital formation and investor relations initiatives.

The use of AI in the private markets is becoming commonplace - nearly 80 percent of GPs are at least piloting AI use cases, according to Juniper Square in its new proprietary AI survey on private markets. 

Cain has acquired The Dominick, an independent luxury hotel in New York City.

The Canadian federal government announced an investment of more than C$763 million ($543 million) into Grosvenor’s Brentwood Block for the construction of nearly 1,300 housing units in Burnaby, British Columbia, through its Apartment Construction Loan Program (ACLP).

A consortium consisting of the Artificial Intelligence Infrastructure Partnership (AIP), MGX and BlackRock’s Global Infrastructure Partners (GIP) have announced plans to acquire 100 percent of the equity in Aligned Data Centers from private infrastructure funds managed by Macquarie Asset Management and its co-invest partners.

As occupier and investor preferences shift toward higher-quality, sustainable assets, the financial gap for outdated buildings continues to widen — placing mounting pressure on the market to act. Across major global markets, 84 percent of office and 73 percent of industrial and logistics stock is more than a decade old, creating acute obsolescence risk in established real estate hubs, according to JLL data.

SL Green Realty Corp. has entered into a contract to acquire Park Avenue Tower, located at 65 East 55th St., for $730.0 million. The transaction is expected to close in the first quarter 2026, subject to customary closing conditions.

Bungalow Projects, a real estate development firm focused on creating production hubs for episodic, film, and digital content creation, and Bain Capital Real Estate have closed $304 million in construction financing to support the development of Echelon Studios, two high-end film and television production studios in Brooklyn.

Since its founding in 2005, Harrison Street has deployed $23.8 billion across 419 properties, establishing itself as one of the leading investors in alternative real assets. In this interview, Mike Gordon, global CIO of Harrison Street Asset Management, discusses the lessons learned from scaling across different markets over nearly two decades, the importance of process discipline and partner selection, and how these experiences shape the firm’s investment strategy today. He also shares his perspective on the evolving student housing landscape — from market selection and risk management to demographic shifts, international demand, and the growing influence of technology on higher education.

For professional investment managers, every decision lives at the intersection of two competing disciplines: conviction and detachment. Both are essential, yet they pull in opposite directions. Conviction drives us to act boldly: to seize opportunity, to lead capital toward the future we believe in. Detachment demands calm: to test assumptions, accept uncertainty, and walk away when the facts no longer fit.

The Asia Pacific commercial real estate market is currently experiencing several favorable cyclical and structural shifts, along with the interest rate cut cycle.

Despite questions in early 2025 about sustained artificial intelligence (AI) demand and warnings of potential market corrections, North America’s data center sector has emerged stronger than ever to finish out the year.

The Southeast and Greater London office market has recorded its highest volume of first quarter through third quarter take up since 2019, amid occupier activity to secure requirements given ongoing supply constraints, according to Knight Frank.

The Davis Cos. has launched a joint venture with New York-based Tribeca Investment Group (TIG) to execute a comprehensive capital investment and improvement plan at 630 Third Avenue.