Transactions | Oct 30, 2023 Rubicon Point Partners acquires The Townsend Building in San Francisco by Released Rubicon Point Partners has acquired The Townsend Building, a six-story, transit-oriented, brick and timber building located at 123 Townsend Street in San Francisco.
Transactions | Oct 30, 2023 Orion Capital sells Italian hotels for €245m by Andrea Zander Orion Capital has sold Six Senses in Rome to Gruppo Statuto for €245 million ($260 million).
Transactions | Oct 30, 2023 Lendlease forms JV with Daiwa House for U.K. development project by Andrea Zander Lendlease and Daiwa House have formed a new joint venture to develop and sell 259 new apartments across two new buildings at Elephant Park in Zone One of central London, which has broken ground.
Transactions | Oct 30, 2023 Romanian grocery retailer sells for €1.3b by Released Dutch-Belgian retail group Ahold Delhaize has agreed to acquire 100 percent of Romanian grocery retailer Profi Rom Food SRL (Profi) from MidEuropa.
Investors | Oct 30, 2023 Brookfield and QIA invest €458m in long-term commitment to Canary Wharf Group by Andrea Zander Brookfield and the Qatar Investment Authority, have committed £400 million (€458 million/$485 million) to Canary Wharf Group.
Transactions | Oct 30, 2023 TCC acquires U.K. office developer in European expansion by Released Trammell Crow Company has plans to acquire Candour, a London-based office developer.
Investors | Oct 30, 2023 Roundtable debates debt's role and challenges in 'higher for longer' climate by Andrea Zander An emerging sentiment in the real estate industry is that interest rates are settling into a "higher for longer" environment. This was voiced during a recent virtual roundtable hosted by Institutional Real Estate, Inc., featuring institutional investors, consultants and investment managers, and moderated by Loretta Clodfelter, editorial director with IREI
Research | Oct 30, 2023 Asia Pacific cities facing an unprecedented shortage of sustainable office buildings by Released Major cities in Asia Pacific will be faced with a demand/supply gap for net-zero–ready workplaces as corporate net-zero carbon (NZC) targets loom.
Transactions | Oct 30, 2023 Realty Income to acquire Spirit Realty Capital in $9.3b transaction by Andrea Zander Realty Income Corp. has entered into a definitive merger to acquire Spirit Realty Capital in an all-stock transaction valued at an enterprise value of approximately $9.3 billion.
Investors | Oct 30, 2023 NYSCRF commits $300m to Asana Partners Select Fund by Lewis Dayton The New York State Common Retirement Fund (NYSCRF) has committed $300 million to Asana Partners Select Fund.
Investors | Oct 30, 2023 New Jersey SIC approves $200m commitment to Cerberus real estate fund by Lewis Dayton The New Jersey State Investment Council (NJSIC), which consults with and formulates policies governing the investment of funds by the director of the New Jersey Division of Investment, has approved a $200 million commitment to Cerberus Real Estate Partners (CREP) VI.
Investors | Oct 30, 2023 How law firms are working with investors in today’s distressed asset environment by Lewis Dayton Restructuring capital and recapitalizing distressed assets can be a difficult process at any time.
People | Oct 27, 2023 Värde appoints Brad Bauer to co-CEO by Released Värde Partners has announced that Brad Bauer has joined Ilfryn Carstairs to lead the firm as co-CEO.
Transactions | Oct 27, 2023 JLL secures $869m to refinance a 25-asset class-A bulk industrial portfolio across U.S. by Released JLL’s Capital Markets group has arranged a total of $869 million in financing for a 25-property bulk industrial portfolio totaling 11.4 million square feet in 13 major industrial markets across the United States.
Transactions | Oct 27, 2023 Lodging REIT sells Boston hotel for $370m by Andrea Zander Sunstone Hotel Investors, a lodging REIT, has sold the 1,060-room Boston Park Plaza for $370 million, or approximately $350,000 per key.
Investors | Oct 27, 2023 Princeton University’s endowment yields 1.7% loss for fiscal year by Lewis Dayton Princeton University’s endowment, valued at $34.1 billion, reported a 1.7 percent investment loss for the fiscal year that ended June 30.
Investors | Oct 27, 2023 University of Michigan endowment reports 5.2% return for fiscal year by Lewis Dayton The University of Michigan’s endowment, valued at $17.9 billion, generated a 5.2 percent return for the fiscal year that ended June 30.
Investors | Oct 27, 2023 NYSTRS commits $250m towards real estate funds by Lewis Dayton The New York State Teachers’ Retirement System (NYSTRS) has committed $150 million to a Raith Real Estate Debt Separate Account Upsize, $50 million to Penwood Select Industrial Partners (PSIP) VII, and $50 million to Pennybacker VI.
People | Oct 27, 2023 Illinois Police hires Dean Hagan as investment officer by Lewis Dayton The Illinois Police Officers’ Pension Investment Fund (IPOPIF) announced that Dean Hagan has joined the fund as an investment officer.
Investors | Oct 27, 2023 U.S. real GDP sees 4.9% increase in quarter; momentum which will likely fade by Lewis Dayton Real gross domestic product in the United States increased at an annual rate of 4.9 percent in the third quarter, according to the “advance” estimate released by the Bureau of Economic Analysis.
