Research | Dec 8, 2023 199,000 jobs added to the U.S. economy in November by Lewis Dayton Total nonfarm payroll employment in the United States increased by 199,000, roughly in line with consensus estimates, as the unemployment rate dropped from 3.9 percent to 3.7 percent.
Research | Dec 8, 2023 Sale leaseback transactions in third quarter totals $3.4b by Andrea Zander There were 157 sale leaseback transactions in the third quarter of 2023 totaling $3.4 billion, down roughly 34 percent versus the previous quarter, according to SLB Capital Advisers.
Research | Dec 8, 2023 Study of NY and London real estate finds strong evidence for ‘green premium’ by Andrea Zander UBS research finds clear evidence of a green premium in the two largest office building markets, New York and London, driven by tenant requirement and legislation, the firm reports in a recent report.
Transactions | Dec 8, 2023 Digital Realty, Blackstone announce $7b hyperscale data center development JV by Andrea Zander Blackstone-affiliated funds led by Infrastructure, Real Estate and Tactical Opportunities have agreed to establish a joint venture with Digital Realty to develop four hyperscale data center campuses across three metro areas on two continents.Â
Investors | Dec 8, 2023 KKR to open office in Zurich by Released KKR has plans to open an office in Zurich.
Fundraising | Dec 8, 2023 Swiss Life Fund holds first close for ESG Global Infrastructure Opportunities Growth II by Released Swiss Life Asset Managers has completed a first close for its second value-add infrastructure fund.
Transactions | Dec 8, 2023 Hines acquires logistics warehouse from Dexus Industria REIT by Released Hines has acquired two logistics warehouses from Dexus Industria REIT, a listed Australian REIT.
People | Dec 8, 2023 Lisa Laird joins Mercy Investment Services as CIO by Released Lisa Laird will join Mercy Investment Services as CIO.
Transactions | Dec 8, 2023 Naftali Group closes on $236m construction loan for NYC Project by Released Naftali Group has closed on a construction loan for its forthcoming 255 E. 77th St. project on Manhattan’s Upper East Side.
Research | Dec 8, 2023 Origin Investments predicts emerging opportunities in multifamily in 2024 by Released Origin Investments, a multifamily real estate fund manager, has released its top 10 predictions for 2024.
Investors | Dec 8, 2023 Ohio Police & Fire commits $100m to Blackstone Property Partners by Lewis Dayton The Ohio Police & Fire Pension Fund has committed $100 million to Blackstone Property Partners.
Fundraising | Dec 8, 2023 Mastern APAC and STS Development launch senior housing fund by Lewis Dayton Mastern APAC, a subsidiary of Korea-based Mastern Investment Management, has launched a senior housing development fund with STS Development.Â
Research | Dec 8, 2023 The value of off-site manufacturing by Lewis Dayton Off-site manufacturing increasingly is becoming more cost-effective, safe and environmentally friendly as a construction option. That is one of the takeaways from a new report from Moddex, an Australian manufacturer of barrier systems for large-scale infrastructure and non-residential construction projects.
Investors | Dec 7, 2023 Quilvest Capital Partners and Axis IOS launch $500m JV for IOS strategy, complete first acquisition by Released Quilvest Capital Partners and Axis IOS have launched a joint venture.
People | Dec 7, 2023 Chad Tredway rejoins J.P. Morgan as head of real estate Americas, J.P. Morgan Asset Management by Released Chad Tredway has rejoined J.P. Morgan as the incoming head of real estate Americas, J.P. Morgan Asset Management.
People | Dec 7, 2023 Michael Beattie to retire by Released Michael Beattie has plans to retire as Grosvenor CIO at the end of 2023.
Investors | Dec 7, 2023 Louisiana Teachers commits $275m to real estate funds by Lewis Dayton The Teachers’ Retirement System of Louisiana (TRSL) has committed $150 million to Brookfield Strategic Real Estate Partners (BSREP) V, $75 million to Bain Capital Real Estate Fund (BCREF) III and $50 million to Cabot Industrial Value Fund (CIVF) VII.
Transactions | Dec 7, 2023 Mitiska REIM sells 25 Romanian retail parks to LCP for €219m by Andrea Zander Mitiska REIM has completed the sale of 25 retail parks in Romania to LCP Group for €219 million ($236 million).
Investors | Dec 7, 2023 Q&A: National Real Estate Advisors CEO discusses data centers and core investment by Andrea Zander Jeff Kanne, president and CEO of National Real Estate Advisors, an investment manager developing, operating and managing commercial real estate projects across the United States, partook in a Q&A to discuss data center sector dynamics, the challenges and considerations in data centers, the geographic importance in data center investments and current and future trends.
Research | Dec 7, 2023 PGIM Real Estate forecasts the next year for North America’s real estate markets by Lewis Dayton In the face of falling property values, property incomes have generally remained resilient in the U.S. real estate sector. In its recent 2024 Americas real estate outlook report, PGIM Real Estate says it expects property values to broadly continue their decline by another 10 percent and that rent growth will decelerate, though will stay positive.Â
