Newsline

Colovore has closed a $925 million debt facility provided by Blackstone funds.

The rising costs of living have affected affordability for renters across the country. Nationwide, renters today need to earn more than $80,000 to comfortably afford the typical rental, up from $60,000 just five years ago. In eight major metro areas, renters now need to make six figures to comfortably afford rent, a new Zillow analysis reveals.

Manulife US Real Estate Investment Trust (MUST) has agreed to sell Peachtree, a 28-story class A office building in Atlanta, to an unrelated third-party purchaser for a gross price of $133.8 million.

Joshua Crane, co-founder of S3 Capital, shares in an interview with IREI how private construction debt is playing an increasingly critical role in New York City’s multifamily market as traditional lenders pull back amid tighter credit conditions. With more than 125 active multifamily construction loans across the region, Crane notes that limited housing supply, resilient demand and investors seeking lower-risk, double-digit returns are fueling demand for private debt solutions.

The Indiana Public Retirement System (INPRS) has committed $232 million to two real estate funds, according to meeting materials from early May. 

The cold storage sector is emerging as a promising niche within real estate, driven by demographic shifts, evolving consumer preferences, and changes in food and pharmaceutical supply chains.

Jakarta's property sector continues to demonstrate stability and growth at the beginning of 2025.

Aviva Investors has expanded its Spanish build-to-rent platform with the acquisition of a residential development site in the Butarque neighborhood of Madrid.

Londonmetric Property has agreed to terms for a cash and stock offer to acquire Urban Logistics REIT (SHED).

Bain Capital and Oliver Street Capital (OSC) have acquired an industrial portfolio primarily located in the northern New Jersey market for $208 million.

Juniper Square has completed the acquisition of Forstone (Luxembourg) S.à r.l. to create Juniper Square Luxembourg S.à r.l. This strategic acquisition expands Juniper Square’s ability to deliver integrated fund administration and efficient cross-border operations to private markets general partners (GPs) at a global scale.

Grubb Properties has appointed Harold “Skip” Schwartz III as the firm’s deputy CIO.

Nuveen Real Estate has raised $320 million in new capital from institutional investors for its U.S. Cities Retail Fund.

Scape Australia has raised further capital for its recently established A$6 billion ($3.9 billion) Core Purpose-Built-Student-Accommodation (PBSA) Fund.

Long Harbour has acquired 105 single-family homes (SFH) in Newhall, a new housing estate within Harlow, Essex, England, from housebuilder Vistry Group through a forward fund structure.

M&G Real Estate has appointed Jason Leong as fund manager for its flagship $7 billion M&G Asia Property Fund, the region’s largest open-end, core real estate fund with a track record of almost 20 years.

Contributing around 37 percent of energy related carbon emissions, the built environment has a clear responsibility to urgently decarbonise real estate to meet international climate targets and mitigate climate change risks. However, with estimates suggesting that up to $24.2 trillion — or nearly 17 percent of global financial assets — could be at risk due to climate-related financial shocks under high-emissions scenarios, the real estate sector in particular must act swiftly. 

Asia Pacific commercial real estate investment volume dipped marginally by 1 percent quarter-over-quarter to $32.8 billion in first quarter 2025, according to CBRE’s Asia Pacific Q1 2025 Figures, which provides key insights on the region’s overall economy, real estate investment market, as well as the office, retail, and industrial sectors.  

After two subdued years in New York City’s multifamily market, a rebound is taking shape as investors return with renewed confidence and capital. JLL senior managing directors Rob Hinckley and Jeffrey Julien cite stabilizing borrowing costs, tightening rental supply and improving price discovery as key drivers of the recovery.

TPG Angelo Gordon has closed its TPG AG Europe Realty Fund IV, nearly $2.5 billion, including $2.27 billion in capital commitments and an additional $214 million in co-invest capital.