Transactions | Nov 22, 2023 Burstone Group, Irongate Australia announce first JV acquisition with global real estate group, Phoenix as co-investor by Andrea Zander Burstone Group today announced that its Australian joint venture with the Irongate Group has acquired its first industrial property in New South Wales, Australia, for A$57.25 million ($37.55 million). The Irongate joint venture will provide the 20 percent co-investment equity and the fund management capabilities for the deal.
Research | Nov 22, 2023 Private capital upticks into retail real estate by Andrea Zander Private investors have been increasingly getting in the retail sector.
Research | Nov 22, 2023 New York’s Fifth Avenue retains top ranking as the world’s most expensive retail destination by Andrea Zander New York’s Fifth Avenue retains its top ranking as the world’s most expensive retail destination, despite recording flat rental growth year-over-year.
People | Nov 22, 2023 Sancia Dalley hired as managing director of PGIM’s office of DEI by Released PGIM, the $1.2 trillion global investment management business of Prudential Financial, Inc., has hired Sancia Dalley as a managing director in the PGIM Office of Diversity, Equity & Inclusion (DEI). In this role, Dalley will oversee the DEI Investment Portfolio and HBCU Investment Strategy.
Off-price retailers are outperforming apparel retailers by Andrea Zander T.J. Maxx, Marshalls, Burlington and Ross Dress for Less have been winners for the past few years, boasting consistent year-over-year (y-o-y) foot traffic growth.
Transactions | Nov 21, 2023 Thorofare Capital provides $125.9m senior mortgage loan for Mid-Atlantic medical facility portfolio by Andrea Zander Thorofare Capital has closed $125.9 million in financing for eight class A clinical medical facilities.
Transactions | Nov 21, 2023 Primaris REIT pays $270m for two mall assets by Released Primaris REIT has agreed to acquire Halifax Shopping Center and the Annex in Halifax, Nova Scotia for C$370.0 million ($270 million).
Transactions | Nov 21, 2023 Cottonwood Group lends $240m in senior mortgage financing to the St. Regis, Boston by Released Cottonwood Group has lent $240 million in senior mortgage financing to the St. Regis Residences, a luxury multifamily tower developed by Cronin Development in Boston’s thriving Seaport District.
Transactions | Nov 21, 2023 GARBE acquires GRR Real Estate by Andrea Zander GARBE has plans to acquire GRR Real Estate.
People | Nov 21, 2023 Hongkong Land names new chief executive by Andrea Zander Hongkong Land has named Mapletree Investments executive Michael Smith as its new chief executive effective from April 1, 2024.
Transactions | Nov 21, 2023 $173.5m in financing secured for Rosewood-branded oceanfront condominium development in Sarasota, Fla. by Released The Ronto Group and Wheelock Street Capital have received $173.5 million in construction financing for Rosewood Residences Lido Key.
People | Nov 21, 2023 DWS makes appointments in European real estate team by Released Ulrich Steinmetz has been appointed head of real estate transactions for Europe at DWS.
People | Nov 21, 2023 Global Student Accommodation appoints global head of finance by Released Global Student Accommodation (GSA) has appointed Simon Bray as global head of finance.
Research | Nov 21, 2023 Schroders Global Investor Study 2023: Investors in Singapore forced to reconsider their investment strategies amid inflation and geopolitical uncertainties by Andrea Zander Investors in Singapore have been forced to re-evaluate their investment strategies in response to the new economic reality and ongoing inflation and geopolitical uncertainty, Schroders Global Investor Study 2023 has found.
Transactions | Nov 21, 2023 Inland Private Capital announces delivery of a class A self-storage property in Missouri by Denise Moose Inland Private Capital Corporation and Devon Self Storage Holdings (U.S.) have announced the delivery of a 731-unit self-storage property located in Springfield, Mo.
Investors | Nov 21, 2023 The value of good data governance throughout the investment lifecycle by Lewis Dayton We are living in a time in which data workflows and capabilities are powerfully accelerating and improving cross-platform communication and company decision-making across a plethora of industries.
Transactions | Nov 20, 2023 Manulife Investment Management to acquire CQS by Released Manulife Investment Management has signed an agreement to acquire multisector alternative credit manager CQS.
Transactions | Nov 20, 2023 MG Properties acquires NOVO Broadway Apartments in Tempe for $100m by Released MG Properties has paid $100.25 million for NOVO Broadway Apartments (formerly known as Parc Broadway), a residential community located in Tempe, Ariz., recently completed by Evergreen Devco, Inc.
Transactions | Nov 20, 2023 Swire Properties JV sells floors in office for $691m by Andrea Zander Swire Properties and its parent entity Swire Pacific have plans to sell floors 42 through 54 in One Island East in the Quarry Bay area.
Transactions | Nov 20, 2023 Taurus Investment Holdings buys shallow-bay industrial portfolio in the South Jersey/Philadelphia market by Released Taurus Investment Holdings has acquired a shallow-bay industrial portfolio, comprising of five class B buildings, totaling 339,136 square feet in the South Jersey/Philadelphia market.
