Research | May 23, 2023 Signs of recovery appear in European retail markets by Released European retail markets have largely absorbed the direct and indirect impacts of the price increases that are being driven by shortages of raw materials and higher energy costs and amplified by the ongoing war in Ukraine.
Transactions | May 23, 2023 Armada Hoffler closes $215m class A commercial development deal in Atlanta by Kali Persall Armada Hoffler has closed the acquisition of a class A commercial mixed-use development at The Interlock in West Midtown, Atlanta. The purchase price was $215 million.
Transactions | May 23, 2023 Harrison Street and Toll Brothers sell 826-bed student housing community in Arizona by Kali Persall Harrison Street and Toll Brothers, a builder of luxury homes, have announced the sale of Canvas Tempe, an 826-bed student housing community at Arizona State University, to University Partners. Financial terms were not disclosed.
Transactions | May 23, 2023 Cbus Super announces merger with EISS by Kali Persall Melbourne-based Cbus Super, one of Australia’s leading integrated property developers and investors, has completed its merger with Energy Industries Superannuation Scheme from Sydney, forming a $54 billion fund that serves 900,000 members.
Transactions | May 23, 2023 Fortress Investment Group, Mubadala sign deal with SoftBank by Kali Persall Fortress Investment Group and Mubadala Investment Company have signed agreements to acquire 90.01 percent of Fortress’s equity currently held by SoftBank Group, a Japanese multinational investment holding company headquartered in Tokyo.
Investors | May 23, 2023 Ohio SERS greenlights $15m commitment to CBRE storage fund by Kali Persall The School Employees Retirement System (SERS) of Ohio has approved a $15 million commitment to CBRE Storage Etc. co-investment, a real estate core strategy within the real assets portfolio.
People | May 23, 2023 BNP Paribas REIM Italy names Vincenzo Nocerino CEO by Released BNP Paribas REIM Italy SGR, the Italian branch of BNP Paribas REIM, has appointed Vincenzo Nocerino as CEO.
Research | May 23, 2023 Existing home sales decline in April across all major U.S. regions by Kali Persall Existing home sales decreased in April, with all four major U.S. regions registering month-over-month and year-over-year sales declines, according to the National Association of Realtors (NAR).
Transactions | May 22, 2023 Lendlease sells additional 21% stake in U.S. military housing scheme to Guggenheim Investments by Kali Persall Lendlease has announced a third sale of a portion of its U.S. military housing scheme to Guggenheim Investments.
Investors | May 22, 2023 Realterm secures $532m for recapitalization of IOS portfolio by Kali Persall Realterm, a transportation-focused independent global investment manager, has raised $532 million in coinvestment capital alongside an investment from one of Realterm’s core-plus, open-ended funds.
Investors | May 22, 2023 Four Australian super funds invest in Nuveen’s open-ended U.S. Cities Workplace Fund by Kali Persall Australian super funds — Cbus, Hostplus, TWU Super and a fourth not identified — have collectively invested $190 million into Nuveen’s open-ended U.S. Cities Workplace Fund.
Transactions | May 22, 2023 AEW acquires prime retail asset on the rue d'Antibes in Cannes, France by Kali Persall AEW, one of the world’s leading real estate investment and asset managers, has acquired a prime retail asset in the center of Cannes, France.
Investors | May 22, 2023 Trammell Crow Company debuts first logistics development in Europe by Kali Persall Trammell Crow Company (TCC) has completed its first logistics project in Europe.
Investors | May 22, 2023 BlackRock announces creation of Spanish real estate team by Kali Persall BlackRock has expanded its European real estate platform with the creation of a new Spanish real estate team based in Madrid.
Investors | May 22, 2023 Chicago Municipal Employees' Annuity & Benefit Fund rehires Marquette Associates as investment consultant by Kali Persall The $3.8 billion Chicago Municipal Employees' Annuity & Benefit Fund has retained Marquette Associates as its investment consultant, according to a recent board meeting document.
Research | May 22, 2023 Senior housing occupancy levels rise in April by Kali Persall The senior housing all-occupancy rate increased to 83.5 percent in the April reporting period, up 0.3 percentage points (pps) from March and up 5.7 pps from the 77.8 percent low recorded in June 2021.
People | May 22, 2023 PAREF renews Antoine Castro’s term as chairman, CEO by Kali Persall PAREF, a European player in real estate management with €3 billion ($3.2 billion) of assets under management, has renewed Antoine Castro’s term of office as chairman and CEO for six years.
People | May 22, 2023 Hines shores up Japan team with three appointments by Kali Persall Hines has bolstered its Japan team with three leadership appointments.
Investors | May 22, 2023 Ryman Hospitality Properties extends revolving credit facility by Kali Persall Ryman Hospitality Properties has completed a series of refinancing transactions that extends maturities of the $700 million revolving credit facility and $500 million term loan B.
Transactions | May 19, 2023 Brookfield India REIT, GIC forge first-of-its-kind partnership in India by Kali Persall Brookfield India REIT (BIRET) and GIC have plans to acquire 6.5 million square feet of commercial assets from Brookfield Asset Management’s private real estate funds in an equal partnership.
