Transactions | Apr 15, 2024 Bruce Smith Enterprise, Cordish Cos. partner on proposal to codevelop $1.4b mixed-use development in Virginia by Released Bruce Smith Enterprise and The Cordish Companies have responded to a request for proposal issued by the City of Petersburg, Va.
People | Apr 15, 2024 Scott Richland to step down as CIO at Caltech by Lewis Dayton Scott Richland will be stepping down as CIO at Caltech on Dec. 31, 2024, according to a letter to the Caltech community from Thomas Rosenbaum, the Sonja and William Davidow Presidential chair and professor of physics.
Investors | Apr 15, 2024 Maine Employees commits $35m to High Street logistics fund by Lewis Dayton The Maine Public Employees’ Retirement System (MainePERS) has approved a commitment, subject to final due diligence, of $35 million to High Street Value Fund I (HSVF I), confirmed James Bennett, chief investment officer, MainePERS.
Investors | Apr 15, 2024 Illinois Retirement Fund commits $150m to two real estate funds by Lewis Dayton The Illinois Municipal Retirement Fund (IMRF) has committed $100 million to Starwood Distressed Opportunity Fund XIII and $50 million to Grandview III.
Investors | Apr 15, 2024 Virginia Retirement commits $300m to real assets opportunities by Lewis Dayton The Virginia Retirement System (VRS) has committed $200 million to Stonepeak Infrastructure Fund V (SIF V) and $100 million to a USEF Sailfish Venture, according to recent meeting documents.
Transactions | Apr 15, 2024 Partners Group acquires strategic minority stake in Trinity Investments by Released Partners Group, a leading global private markets firm, has agreed to acquire a strategic minority stake in Trinity Investments.
Transactions | Apr 12, 2024 Mapletree acquires 31 U.K. assets with an operating platform for €1.2b by Released Mapletree Investments has announced the acquisition of 8,192 operational beds across 19 cities in the United Kingdom and Germany, as well as an operating platform from Cuscaden Peak Investments.
Research | Apr 12, 2024 Impact of technology: Propelling real estate into the future by Andrea Zander In 2024 and 2025 The Proptech Connection expects real estate companies will have a significant awakening among real estate firms regarding the impact of technology on their portfolios, upcoming projects, and crucial financial indicators.
Research | Apr 12, 2024 Healthcare industry embraces shift to outpatient care sites by Released Driven by technology, reimbursement challenges and consumer preferences, healthcare continues to shift to outpatient sites, according to JLL. Even the terminology used for medical office is moving toward something more comprehensive: medical outpatient building (MOB).
People | Apr 12, 2024 KETTLER hires industry veteran J.D. Sitton by Released J.D. Sitton has joined KETTLER.
Research | Apr 12, 2024 Menlo Park, Calif., named most expensive streets for office space by JLL by Andrea Zander Sand Hill Road in Menlo Park, Calif., topped the list of the 25 most expensive streets, with average full-service gross asking rents reaching $167.74 per square foot, according to JLL.
Investors | Apr 12, 2024 ANREV opens office in Singapore by Released ANREV has opened an office in Singapore.
Transactions | Apr 12, 2024 L&L Holding completes $911m refinancing of 425 Park Avenue in NYC by Released L&L Holding Co. has finalized a $911 million refinancing for 425 Park Avenue, a new 47-story office tower, located in the Plaza District of Midtown Manhattan.
People | Apr 12, 2024 Temasek opens Paris office, appoints new head of EMEA by Lewis Dayton In the opening of Temasek’s new office in Paris, Temasek chairman Lim Boon Heng remarked that Nagi Hamiyeh has been made the new head of EMEA.
Investors | Apr 12, 2024 New Mexico Employees commits $250m to real assets funds by Lewis Dayton The New Mexico Public Employees Retirement Association (PERA) has committed $100 million to ITE Diversified Transportation Asset Fund, $100 million to KKR Diversified Core Infrastructure Fund and $50 million to Carlyle Property Investors (CPI), documents from NMPERA’s March 28 board meeting reveal.
Transactions | Apr 11, 2024 Madison International Realty, StoneVest acquire light industrial property in Berlin by Andrea Zander A joint venture between Zurich-based investment and asset manager StoneVest AG and an entity managed by Madison International Realty, a liquidity provider to real estate investors worldwide, have acquired a light industrial property south of Berlin from KWC Aquarotter GmbH, a leading provider of sanitary fittings for public facilities.
Transactions | Apr 11, 2024 Blackbrook partners with TCC to further expand German portfolio by Released Blackbrook has plans to expand its portfolio in Germany.
Transactions | Apr 11, 2024 Japanese investor buys office and retail accommodation in London by Andrea Zander Knight Frank has advised IINO Kaiun Kaisha, Ltd. (IINO Lines), headquartered in Tokyo, on its purchase of 111 Strand, London, from ESAS Holdings.
Transactions | Apr 11, 2024 Harrison Street sells three senior living properties to Fengate Asset Management by Released Harrison Street has sold three senior living communities.
Fundraising | Apr 11, 2024 Catalyst Investment Partners closes $186.9m in LP commitments for Catalyst IOS Fund II by Andrea Zander Catalyst Investment Partners, a leading IOS-focused investment manager, has held a final close of Catalyst IOS Fund II oversubscribed with $186.9 million in LP commitments.
