Transactions | Aug 31, 2023 Transwestern Development breaks ground on 100,000sf industrial facility, enters Palmdale market by Released Transwestern Development Co. (TDC) has broken ground on its new 98,850-square-foot industrial facility, Legacy at Palmdale, located in the Fairway Business Park on Legacy Lane in Palmdale, Calif.
Transactions | Aug 31, 2023 Amazon Web Services to invest $11b in Louisa County, Va. by Andrea Zander Amazon Web Services (AWS) has plans to invest $11 billion in Louisa County, Va., by 2040 to establish two data center campuses in Louisa’s Technology Overlay District (TOD).
Research | Aug 31, 2023 Two new reports illuminate the decelerating, yet resilient, self-storage sector by Lewis Dayton While the self-storage sector has decelerated, its fundamentals remain strong, and Cushman & Wakefield and Yardi Matrix both predict demand will continue to grow as secular trends, such as aging millennials, population growth and high housing costs contribute to the demand for self-storage.
Transactions | Aug 31, 2023 Yorkshire Council approves €245m residential development by Released The East Riding of Yorkshire Council has approved planning permission to complete a €245 million ($266 million) development of 600 homes, in Goole, England.
Transactions | Aug 31, 2023 Houston Police Officers commits $80m to two real estate funds by Lewis Dayton Houston Police Officers Pension System (HPOPS), with $7.1 billion AUM, has made commitments of $40 million each to Bain Capital Real Estate Fund III and Brookfield Strategic Real Estate Partners (BSREP) V.
Transactions | Aug 31, 2023 Frasers Centrepoint Trust sells Singapore mall for $250m by Andrea Zander The manager of Frasers Centrepoint Trust (FCT) announced the sale of Changi City Point in Singapore for S$338 million ($250 million).
Transactions | Aug 31, 2023 GID announces acquisition of 312-unit community in West Miami by Released GID has acquired Altís Ludlam Trail.
Fundraising | Aug 31, 2023 Urban Partners holds €263m third close for Nordic fund by Released Urban Partners has raised a further €263 million ($286 million) for its open-end fund Nrep Income+, taking total equity raised to date to €1.85 billion ($2 billion).
Research | Aug 31, 2023 AEW research shows €93b European real estate debt funding gap by Released There is an estimated €93 billion ($101 billion) European real estate debt funding gap.
CRE loan selloffs will occur, but will not be drastic, says Citymark’s Daniel Walsh by Lewis Dayton The coming months will see refinancing stress in the loan market, but not to an overwhelming degree, according to Daniel Walsh, CEO of Citymark Capital, an Ohio-based apartment investor.
Investors | Aug 30, 2023 Growing interest in real estate among Asian family offices by Reno Sio Institutional Real Estate, Inc. held an inaugural Asia Pacific private wealth real estate symposium Aug. 2 in Singapore in partnership with Raffles Family Office, which invests on behalf of family offices in the Asia Pacific region, with a focus on family offices based in greater China and Southeast Asia.
Transactions | Aug 30, 2023 Morgan Stanley, Prakhhyat Group to develop warehouse in Mumbai by Andrea Zander Prakhhyat Group has partnered with a fund managed by Morgan Stanley Real Estate Investing.
Transactions | Aug 30, 2023 Sovereign wealth fund to pay $623m for Manhattan hotel by Andrea Zander The $450 billion Qatar Investment Authority (QIA), a sovereign wealth fund, has purchased Manhattan’s Park Lane Hotel for an estimated price of $623 million.
Transactions | Aug 30, 2023 Gaming and Leisure Properties acquires land under the Hard Rock Casino for $100m by Released Gaming and Leisure Properties (GLPI) has acquired the land associated with the Hard Rock Casino development project in Rockford, Ill.
Transactions | Aug 30, 2023 Oxford Capital Group invests in downtown San Francisco, debuting four new rebranded hotels by Released Oxford Capital Group has announced the debut of four rebranded hotels.
Fundraising | Aug 30, 2023 Marquee Capital completes Fund II first close by Released Marquee Capital has exceeded their fund launch goal of $30 million.
Transactions | Aug 30, 2023 Vornado, HPP, Blackstone, NYC form PPP venture by Andrea Zander Vornado Realty Trust, Hudson Pacific Properties (HPP), Blackstone, the City of New York, and New York City Economic Development Corporation (NYCEDC) have entered into Manhattan’s first public-private partnership venture to build a purpose-built studio campus at Pier 94.
Transactions | Aug 30, 2023 GLP converts food processing facility into logistics complex by Released GLP Pte has completed the redevelopment of GLP Park Dongguan Xinsha.
People | Aug 30, 2023 Savills appoints CEO for Central and Eastern Europe by Released Savills has appointed Stuart Jordan as CEO of Central and Eastern Europe.
Transactions | Aug 30, 2023 SYLA Technologies announces sale of condominium development site in Shimo-Meguro, Tokyo by Released SYLA Co. has sold a condominium development site in Shimo-Meguro 3-chome, located in Meguro-ku, Tokyo, Japan.
