Newsline

The New York State Common Retirement Fund (NYSCRF) has committed $400 million to NYSCRF Frontier Mach III (Mach III).

Madison International Realty has opened its office in Singapore.

The Chicago Policemen’s Annuity and Benefit Fund posted a return of 11.8 percent in 2023, ending the year with a market value of $2.97 billion of assets under management.

Mikaylee O’Connor will join NEPC as principal, head of defined contribution (DC) solutions, effective April 1, 2024.

RCLCO Real Estate Consulting has launched a new proprietary Venue-Anchored Development Tracker.

Blackstone has sold Arc Place, a marquee office asset located in Seoul.

REAL I.S. SCF I, managed by Real I.S., is fully invested.

Irish Life Investment Managers (ILIM) plans to invest €300 million in redeveloping European and Irish commercial real estate as it upgrades its outlook on property investments, according to other media outlets.

Ongoing lifecycle changes — such as marriage or divorce, moving, the birth of a child or passing of a parent — create persistent demand drivers for households needing storage.

Multifamily and industrial are the sectors most likely to continue to have resilient performance in the new cycle, for investors who are ready to invest capital into the market in 2024.

After a prolonged period of challenging operational conditions, hotel performance in Hong Kong SAR rebounded strongly in 2023.

Prestige Estates Projects has signed a deal worth 20 billion rupees ($240 million) with the Abu Dhabi Investment Authority (ADIA) and Kotak Alternate Investment Fund to develop residential projects in India.

Los Angeles, Washington (D.C.), Seattle, Dallas and New York are the top U.S. cities for investment in 2024, according to the AFIRE International Investor Survey.

A tsunami of capital flooded onto America’s shores from China from 2014 to 2018, as flush Chinese developers and institutional investors snatched up landmark properties in gateway cities across the United States.

Australia’s major real estate markets have long been considered gateways for investors seeking to diversify their portfolios into Asia Pacific, reap asset appreciation and attain reliable income streams. But numerous recent interest-rate hikes from the Reserve Bank of Australia to tamp down inflation still have some investors on edge.

Rexford Industrial Realty and Blackstone announced Rexford Industrial acquired approximately 3 million square feet of industrial properties pursuant to separate transactions with Blackstone Real Estate, including the Blackstone Property Partners strategy as well as Blackstone Real Estate Partners and Blackstone Real Estate Income Trust, for an aggregate purchase price of $1 billion.

Carbon emissions, loss of biodiversity and physical risk are some of the environmental risks that are becoming increasingly important to real estate owners and investors.

India’s tremendous economic growth since 2010 has propelled its life sciences sector to prominence, which is in a position to expand by another approximately 13 percent in the next five years.

Less uncertainty hovers over the real estate market in 2024, compared with the beginning of 2023.

Keppel REIT has entered into a contract of sale to acquire an effective 50 percent interest in 255 George Street, a freehold class A office building in Sydney, Australia.