Investors | Nov 7, 2023 WeWork files for bankruptcy amid office market downturn by Andrea Zander WeWork has filed for bankruptcy for its U.S. operations.
Transactions | Nov 7, 2023 Goldman Sachs sells part of Milan office for €50m by Andrea Zander Goldman Sachs Asset Management has sold a portion of the complex known as San Babila Business Center, located in Corso Vittorio Emanuele II 24-28 in Milan, to an Italian private investor.
Research | Nov 7, 2023 Colliers releases Q3 2023 APAC cap rates report by Andrea Zander Colliers’ Third Quarter 2023 APAC Cap Rates Report has found that ongoing interest rate pressures across Asia Pacific continue to pose challenges for the real estate sector in generating favorable returns relative to the cost of capital.
People | Nov 7, 2023 Vincent Tuohey named next president of PRINCO by Andrea Zander Vincent Tuohey has been named the next president of the Princeton University Investment Co. (PRINCO).
Research | Nov 7, 2023 Healthy demand for U.S. multifamily apartments as rental growth slows in third quarter 2023 by Andrea Zander The U.S. multifamily market continued to see healthy demand in the third quarter of 2023, though rent growth slowed from previous highs, according to CBRE’s latest research.
Research | Nov 7, 2023 Endowment and foundation investors see challenges ahead, according to Graystone Consulting Study by Andrea Zander Graystone Consulting has published its first annual institutional investor survey.
Transactions | Nov 7, 2023 AXA IM Alts to extend French logistics footprint with six-asset portfolio by Andrea Zander AXA IM Alts has signed a preliminary contract to acquire, on behalf of clients, six class A logistics properties in France.
People | Nov 7, 2023 Multi Corp. appoints Jörg-Michael Zimmermann as managing director Germany by Released Multi Corp. has appointed Jörg-Michael Zimmermann as managing director Germany.
Transactions | Nov 6, 2023 CBRE acquires Sovereign Centros by Andrea Zander CBRE has acquired Sovereign Centros.
Research | Nov 6, 2023 90-plus percent of occupiers in Asia Pacific willing to pay a premium for tech-enabled spaces: JLL by Andrea Zander Commercial real estate occupiers are willing to put their money where the tech is, according to JLL.
Transactions | Nov 6, 2023 Crossbay and Kryalos make first acquisition in new Italian fund by Released Bay Fund ade its first acquisition, purchasing a 9,000 square-meter (97,000-square-foot) asset in Pieve Emanuele near Milan.
Transactions | Nov 6, 2023 CapitaLand Ascott Trust divests two hotels in Australia for $71m by Released CapitaLand Ascott Trust (CLAS) is divesting two mature hotels in Sydney to an unrelated third party for a total of A$109.0 million ($71 million).
Transactions | Nov 6, 2023 Galliard Homes completes €865.3m Curtain Theatre redevelopment by Andrea Zander The €865.3 million ($928.6 million) transformation of William Shakespeare’s original Curtain Theatre into a luxury residential property, The Stage in Shoreditch, is now complete.
Investors | Nov 6, 2023 Carnegie Mellon endowment posts 2.9% return for fiscal year by Lewis Dayton Carnegie Mellon University has reported that its endowment, valued at $3.1 billion, generated a net return of 2.9 percent for the fiscal year that ended on June 30.
Transactions | Nov 6, 2023 Mitiska REIM acquires its first SME business park in France by Released Mitiska REIM, on behalf of the MEREP Light Industrial Fund, has acquired Village Économique Montataire, an income-producing SME business park adjacent to the city of Creil in the Greater Paris region.
Transactions | Nov 6, 2023 Indiana Public Retirement System makes $150m commitment to two funds by Lewis Dayton The Indiana Public Retirement System committed $100 million toward ICG Real Estate Opportunities Fund (ICG REOF) in September and $50 million toward Longpoint Fund III in August, recent meeting documents show.
People | Nov 6, 2023 San Joaquin CEO Johanna Shick to retire in March by Lewis Dayton Johanna Shick, CEO of the San Joaquin County Employees’ Retirement Association (SJCERA), has announced that she will retire in March 2024.
People | Nov 6, 2023 PATRIZIA appoints new head of global client solutions MENA to launch regional office in the Middle East by Released PATRIZIA has appointed Jan-Christoph (JC) Klein as its new head of global client solutions for Middle East and North Africa (MENA).
Research | Nov 3, 2023 150,000 jobs added to the U.S. economy in October by Lewis Dayton The total nonfarm payroll employment increased by 150,000 jobs in October.
STT GDC, Basis Bay form data center JV by Released ST Telemedia Global Data Centers and Basis Bay have formed a joint venture partnership, for the development, construction, and operation of data center projects in Kuala Lumpur and Cyberjaya in Malaysia.
