People | Aug 29, 2023 CBRE Investment Management appoints Sheila Hicks as senior portfolio manager for Dutch funds by Released CBRE Investment Management (CBRE IM) has appointed Sheila Hicks as senior portfolio manager for its Dutch funds’ platform.
Investors | Aug 29, 2023 Montana BOI commits $50m to Oak Street by Lewis Dayton Montana Board of Investments has made a commitment of $50 million to Oak Street Real Estate Capital Fund VI.
Investors | Aug 29, 2023 4 Rivers Property Group, Declaration Partners, Big Cypress Capital form Southeast U.S. self-storage JV by Released 4 Rivers Property Group, Declaration Partners, and Big Cypress Capital have formed a joint venture to develop class A self-storage facilities in growth markets throughout the Southeastern United States.
Fundraising | Aug 28, 2023 Harrison Street seeks €1.5b for the fourth vintage of European fund by Lewis Dayton Harrison Street, the alternative real assets investor, has announced that they are seeking €1.5 billion ($1.619 billion) for their new fund, Harrison Street European Property Partners IV.
Transactions | Aug 28, 2023 Kimco Realty to acquire RPT Realty in all-stock transaction by Andrea Zander Kimco Realty has acquired RPT Realty an all-stock transaction valued at approximately $2 billion.
People | Aug 28, 2023 EQ Office appoints Merredith Treaster to oversee Northern California region by Released EQ Office has hired Merredith Treaster as its senior vice president, Northern California to be based in San Francisco.
Transactions | Aug 28, 2023 Hudson Pacific raises $72m with sale of two L.A. office properties by Released Hudson Pacific Properties has divested through separate transactions two Los Angeles office properties.
People | Aug 28, 2023 Inovalis REIT names new CEO by Released Inovalis Real Estate Investment Trust has appointed Stéphane Amine as president and CEO of the REIT.
Transactions | Aug 28, 2023 CenterSquare enters Minneapolis market by Released CenterSquare has entered the Minneapolis market.
Transactions | Aug 28, 2023 Hersha Hospitality Trust to be acquired by KSL Capital Partners in $1.4b deal by Andrea Zander Hersha Hospitality Trust has agreed to be acquired by KSL Capital Partners.
Research | Aug 28, 2023 Employees finds U.S. business productivity is unexpected casualty of inflation by Released Inflation is a key factor contributing to employee stress.
Transactions | Aug 28, 2023 Taurus purchases industrial portfolio of 12 class B buildings in Texas and Atlanta by Released Taurus Investment Holdings, a global private equity real estate firm, has purchased a strategically positioned last-mile industrial portfolio.
Transactions | Aug 28, 2023 Lovett Industrial and PCCP acquire two industrial business parks in Houston by Released Lovett Industrial and PCCP have acquired the Claymoore Portfolio, consisting of 1.39 million square feet across 10 class A industrial buildings in Houston’s Northwest submarket.
Investors | Aug 25, 2023 Minnesota State Board of Investment commits up to $350m to Blackstone and Brookfield real estate funds by Lewis Dayton The $134.7 billion Minnesota State Board of Investment (SBI) has committed up to $350 million to two opportunistic real estate funds: $150 million to Blackstone Real Estate Partners Europe (BREP) VII, and $200 million to Brookfield Strategic Real Estate Partners Fund (BSREP) V. The commitments were approved at SBI’s board meeting on Aug. 23.
Research | Aug 25, 2023 Smaller investment sales declined 29% at midyear, but outpace institutional sales by Released Deals for properties valued at $5 million to $25 million declined 29 percent to approximately $38.9 billion from January through June.
Transactions | Aug 25, 2023 Realty Income announces $950m investment in Bellagio Las Vegas at $5.1b valuation by Andrea Zander Realty Income Corp. has signed a definitive agreement to invest approximately $950 million to acquire common and preferred equity interests from Blackstone Real Estate Income Trust (BREIT) in a new joint venture that owns a 95% interest in the real estate assets of The Bellagio Las Vegas.
Transactions | Aug 25, 2023 PAG to acquire Australian venue operator from KKR by Released KKR and PAG have signed definitive agreements under which PAG will acquire KKR’s controlling interest in Australian Venue Co.
Investors | Aug 25, 2023 Arixa Capital forms JV with Oaktree by Released Arixa Capital Advisers has formed a $100 million joint venture, with the ability to upsize in the future, with funds managed by Oaktree Capital Management.
Transactions | Aug 25, 2023 Kimco Realty acquires Stonebridge at Potomac Town Center in Virginia for $172m by Released Kimco Realty has purchased Stonebridge at Potomac Town Center.
Real Estate | Aug 25, 2023 CapRock Partners breaks ground on 1.27msf industrial warehouse in Visalia, Calif. by Released CapRock Partners has broken ground of Building 1 at CapRock Central Point III.
