Research | Jan 26, 2024 Manufacturing sector experiences more attacks in the cloud than any other industry by Released About 64 percent of companies in the manufacturing sector suffered a cyberattack during the preceding 12 months.
Transactions | Jan 26, 2024 Harrison Street, PowerHouse Data Center closes on data center campus site in Virginia by Released PowerHouse Data Centers, a developer and owner of next-generation data centers fully owned by American Real Estate Partners (AREP), has completed the purchase of 145 acres in Spotsylvania, Va., to serve as the site of the PowerHouse 95 data center campus.
People | Jan 26, 2024 Abby Bowden joins Cortland as vice president of investor relations by Released Abby Bowden has joined Cortland as vice president of investor relations.
Investors | Jan 26, 2024 Almanac Realty Investors provides another $300m capital Investment to CIP Real Estate by Andrea Zander Almanac Realty Investors, a business unit of Neuberger Berman, has made an additional $300 million capital allocation to CIP Real Estate.
Transactions | Jan 26, 2024 Henley Investment Management launches drive into U.S. car-wash market by Released Henley Investment Management has acquired its first and second sites in Tampa, Fla., after the earlier launch of a new car-wash platform in the United States.
Research | Jan 26, 2024 A record 55,000 office-to-apartments expected in major cities by Andrea Zander From 2021 to 2024, the number of apartments scheduled for conversion from old office spaces increased from 12,100 to 55,339, according to RentCafe.
Investors | Jan 26, 2024 Ohio Police & Fire sets real estate, real asset 2024 plans by Lewis Dayton The Ohio Police & Fire Pension Fund (OP&F), with $17.43 billion of assets under management, has approved 2024 plans for its real estate and real asset portfolios.
Accord announces commitment to Noble Hospitality Fund V by Released Accord Group Holdings has made a capital commitment to Noble Investment Group’s latest venture, Noble Hospitality Fund V.
Research | Jan 25, 2024 How the office market will begin to ascertain itself in 2024 by Lewis Dayton As hybrid work becomes the new norm, office demand will continue to be limited in 2024 and national vacancy rates will rise slightly. Yet a thinning construction pipeline and an increasing demand for high-quality spaces will continue to support prime buildings to outperform, according to CBRE’s 2024 Office/Occupier outlook.
People | Jan 25, 2024 UBS appoints president asset management and lead for sustainability and impact by Released Following Suni Harford’s decision to retire from UBS, Aleksandar Ivanovic will join UBS’s Group executive board as president asset management and Beatriz Martin Jimenez will become the GEB lead for sustainability and impact in addition to her existing responsibilities. These changes will be effective March 1, 2024.
Moorfield completes funding deal for Manchester BTR scheme by Released Moorfield Group has entered into its fourth development agreement with Glenbrook, on behalf of its Moorfield Real Estate Fund V, forward-funding a 440 home multifamily build-to-rent (BTR) development in Trafford, Manchester.
People | Jan 25, 2024 AEW appoints Jeffrey King as Fund Manager of EUROCORE by Released Jeffrey King has been appointed fund manager of EUROCORE, AEW’s leading open-ended pan-European core fund.
People | Jan 25, 2024 PGIM Real Estate appoints new country head for Japan by Andrea Zander PGIM Real Estate has appointed David Fassbender as country head of Japan.
Investors | Jan 25, 2024 Understanding Clarion Partners Europe’s U.K. logistics scheme by Lewis Dayton It was early 2022 in the United Kingdom and an anomaly was occurring: Interest rates were beginning to rise, but logistics sector cap rates were continuing to fall.
Research | Jan 25, 2024 Institutional investors in North America raise long-term allocation targets to private assets by Released More than 40 percent of U.S. and Canadian institutional investors plan to increase allocations to private debt in the next three years and roughly a third plan to grow their private equity holdings overall.
Transactions | Jan 25, 2024 Frasers Centrepoint Trust to acquire additional 24.5% interest in regional shopping mall for $390m by Andrea Zander Frasers Centrepoint Asset Management Ltd., as the manager of Frasers Centrepoint Trust (FCT), has announced that HSBC Institutional Trust Services has entered into a share purchase agreement with Frasers Property Limited, the sponsor of FCT to acquire an additional 24.5 percent effective interest in the retail mall NEX. for an estimated total acquisition cost of approximately S$523.1 million ($390.56 million).
Transactions | Jan 25, 2024 JLL Capital Markets arranges $70m refinancing for 108-unit NYC mixed-use development by Released JLL Capital Markets has arranged a $70.635 million Fannie Mae loan for SMA Equities to refinance 200 East 23rd St., a newly completed, 20-story mixed-use property in Manhattan’s Gramercy Park neighborhood.
Research | Jan 24, 2024 The economic and CRE outlook in the United States for 2024 by Lewis Dayton The United States’ economic outlook for 2024 looks favorable, according to Mark Zandi, chief economist, Moody’s Analytics, and other panelists featured in last week’s Cutting Through Uncertainty: 2024 Economic & CRE Outlook webinar, hosted by Marcus & Millichap.
Research | Jan 24, 2024 New York leads way in annual ranking recognizing commitment to LEED certification and sustainable communities by Released New York ranked number one, based on LEED-certified gross square footage per capita over the past year, leading the country in green building, according to U.S. Green Building Council.
Transactions | Jan 24, 2024 Ontario Teacher’s Pension Plan and Boreal IM JV purchases French logistics portfolio by Released The Ontario Teachers' Pension Plan and Boreal IM joint venture has made an acquisition in the French logistics market.
