Transactions | Dec 13, 2023 GTIS Partners announces third opportunity zone investment with Collett Industrial in South Carolina by Released GTIS Partners is in a joint venture with Collett Industrial, an industrial developer headquartered in Charlotte, N.C., to acquire a 107-acre site located along Tribal Road in the I-85 South submarket of Charlotte in Cherokee County, S.C.
Investors | Dec 13, 2023 Santa Barbara commits $30m to real estate funds; posts fiscal year returns by Lewis Dayton The Santa Barbara County (Calif.) Employees’ Retirement System (SBCERS) has committed $10 million to Stockbridge Value Fund (SVF) V, $10 million to KSL Capital Partners Credit Opportunities Fund (KSLCPCO) IV and $10 million to NW1 IOS REIT.
Investors | Dec 13, 2023 University of Oregon endowment returns 2.5% for fiscal year by Lewis Dayton The University of Oregon’s endowment generated a return of 2.5 percent for the fiscal year that ended on June 30, 2023, below its 60/40 stocks/bond benchmark of 9.4 percent.
Investors | Dec 12, 2023 Slättö expands within public-use real estate through acquisition of close to €300m portfolio from Estea by Released Slättö has plans to create a new platform within public use real estate by acquiring a portfolio of properties concentrated in Stockholm and Gothenburg.
Fundraising | Dec 12, 2023 LGPS Central launches U.K. direct property fund with €582m investment goal by Andrea Zander LGPS Central has plans to launch its U.K. Direct Property Fund, a sub-fund of the LGPS Central Property ACS.
Investors | Dec 12, 2023 Churchill Real Estate receives strategic investment from Mitsubishi UFJ Trust and Banking Corporation by Andrea Zander Churchill Real Estate, a provider of capital market solutions with $7.4 billion of assets under management serving the U.S. residential real estate sector, announced that Mitsubishi UFJ Trust and Banking Corporation (MUTB) has acquired a minority interest in the firm.
People | Dec 12, 2023 Thor Equities Group strengthens data center division with appointment of new executive vice president by Released Thor Equities Group has appointed a new executive vice president and head of data centers – Americas.
People | Dec 12, 2023 Former Blackstone self-storage executive joins Highline Storage Partners by Released Highline Storage Partners, an affiliate of Highline Real Estate Partners, has hired two self-storage industry veterans: Scott Sebring as COO and Scott Levy as CIO.
Research | Dec 12, 2023 BlackRock releases 2024 private markets outlook by Andrea Zander BlackRock has released its 2024 Private Markets Outlook, titled Opportunities in mega forces.
Investors | Dec 12, 2023 Long Harbour to launch new PBSA JV by Andrea Zander Long Harbour will expand its living sector focus into purpose-built student accommodation through a joint venture with Rosethorn Capital Partners.
Transactions | Dec 12, 2023 Feldberg Capital lands first transaction for new €582m central London Green Workplace fund with purchase of West End office building by Released Feldberg Capital has completed the first transaction for its new ReForm Fund, with the purchase of 8 Bloomsbury Street in London WC1 from an undisclosed institutional investor.
Research | Dec 12, 2023 LightBox’s Fall market survey finds five trends going into 2024 by Lewis Dayton LightBox’s Fall 2023 Market Survey has revealed five key commercial real estate trends heading into 2024.
Research | Dec 12, 2023 REITs: Late 2023 performance suggests brighter outlook for an evolving industry in 2024 by Andrea Zander The impressive performance of REITs during late October and November may be a signal that the end of the rate-rising cycle will herald a period of REIT outperformance, according to Nareit in a recent post.
Transactions | Dec 11, 2023 Former automotive plant in Birmingham acquired to deliver 300,000sf sustainable logistics development by Released A joint venture partnership has purchased a former automotive component manufacturing site in Erdington, Birmingham, United Kingdom, to speculatively build 300,000 square feet of class A urban logistics and industrial space.
Research | Dec 11, 2023 2024 U.S. Macro Outlook: Rolling recession is here by Released Cushman & Wakefield has released its 2024 U.S. Macro Outlook report.
Transactions | Dec 11, 2023 Bell Partners acquires Metro D.C. apartment community by Released Bell Partners has acquired The Thornton.
Fundraising | Dec 11, 2023 BlackRock raises €774m for new European property fund by Andrea Zander BlackRock Private Markets has raised €774 million ($844 million) million in initial investor commitments for the BlackRock Europe Property Fund VI (EFVI) at its first close, with capital provided by a diverse set of global institutional investors, including new clients and LPs from prior vintages.
Transactions | Dec 11, 2023 LaSalle secures planning permission to redevelop Bergère, a transformational office in the heart of Paris by Released LaSalle Investment Management has secured planning permission to redevelop and refurbish Bergère, a landmark office-led, highly amenitized workspace project in Paris.
Transactions | Dec 11, 2023 MDM Asset Management, Hana Securities secure €105m refinancing U.K. shopping center in Birmingham by Released MDM Asset Management and Hana Securities have secured refinancing worth £90 million (€105 million/$113 million) for Gallagher Shopping Park — a prime-level shopping center in Birmingham, England.
Transactions | Dec 11, 2023 Macy's receives $5.8b buyout offer by Andrea Zander An investor group consisting of Arkhouse Management, a real-estate focused investing firm, and Brigade Capital Management, a global asset manager, has made a $5.8 billion offer to take department store chain Macy's private.
