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.
Transactions | Aug 25, 2023 $1b JRK fund makes third acquisition by Released JRK Property Holdings has acquired Duo Apartments, a 301-unit, class-A multifamily community in San Jose for $93.5 million. Â
Transactions | Aug 25, 2023 American Landmark Apartments acquires Jacksonville, Fla., apartment community by Released American Landmark Apartments has acquired The Wimberly at Deerwood, a 322-unit apartment community located in the sought-after Deerwood submarket of southeast Jacksonville, Fla.
Transactions | Aug 25, 2023 Domain Timber Advisors sells 1,300 acres of timberland for solar project by Released Domain Timber Advisors has old nearly 1,300 contiguous acres of timberland to a local utility in Richmond County, Va.
Research | Aug 24, 2023 AI and cloud adoption propel data center demand to record levels for 2023 by Released AI requirements, along with continued adoption of cloud services, are the main drivers of hyperscale expansion, driving record growth in the data center sector.
Research | Aug 24, 2023 U.S. hotel industry reported mixed performance results for July 2023 by Released The U.S. hotel industry reported mixed performance results month over month, according to data from CoStar.
Transactions | Aug 24, 2023 Lendlease to build €176m events hub in England by Andrea Zander Lendlease has plans to build a €175.7 million ($190.5 million) events hub in Gateshead, a town in the Metropolitan Borough of Gateshead in Tyne and Wear, England.Â
Transactions | Aug 24, 2023 Manchester University launches search for partner in up to €467m student housing project by Andrea Zander The University of Manchester has launched a search for a student housing partner to undertake a significant redevelopment project at its Fallowfield campus.
Research | Aug 24, 2023 United States leads global travel and tourism rebound, says WTTC by Released The U.S. travel & tourism sector grew by 16.9 percent in 2022, to reach $2 trillion.
Research | Aug 24, 2023 Bloomberg survey reveals increasing demand for ESG Data but data management challenges persist by Released The demand for ESG data is on the rise, according to a new Bloomberg and Adox Research survey.
Research | Aug 24, 2023 European hotel activity to reach €4.1b by Andrea Zander European hotel activity during first quarter 2023 is estimated to reach €4.1 billion ($4.45 billion), according to the latest hospitality report from Cushman & Wakefield.
Transactions | Aug 24, 2023 TMG Partners secures $172m in C-PACE financing for office building in Oakland by Denise Moose TMG Partners has secured $172 million in Commercial Property Assessed Clean Energy (C-PACE) financing for 300 Lakeside Drive.
Transactions | Aug 24, 2023 Aukera Real Estate fund lends €130m to fund completion of Luxembourg mixed-use property by Released Aukera Real Estate AG has plans to lend €130 million through its Aukera Real Estate Debt Fund to Connection Property Development S.A.
