Research | Jul 28, 2023 Principal Asset Management: The case for private U.S. CRE, a more challenging environment by Andrea Zander U.S. commercial real estate remains an asset class that benefits from positive economic and demographic fundamentals.
People | Jul 27, 2023 Mohr Partners promotes Michele Shibuya to COO by Released Mohr Partners has promoted company veteran Michele Shibuya to the role of COO.
Investors | Jul 27, 2023 In widely expected move, Fed increases rates by 0.25% by Loretta Clodfelter The Federal Open Market Committee raised the target federal funds rate by 25 basis points to a range of 5.25 percent to 5.5 percent at its meeting July 26. While expected, this is the highest target federal funds rate in 22 years and will have wide-ranging effects across the economy and commercial real estate.
Investors | Jul 27, 2023 CCCERA commits to two EQT Exeter funds by Andrea Zander The $10.2 billion Contra Costa County (Calif.) Employees' Retirement Association (CCCERA) has made a $100 million commitment to two funds managed by EQT Exeter, according meeting materials.
Research | Jul 27, 2023 MSCI: European CRE investment tumbles 59% in first half 2023 by Andrea Zander
Investors | Jul 27, 2023 VICI Properties commits $150m to Canyon Ranch by Released Canyon Ranch, operator of destination health spa resorts, has received an additional $150 million from VICI Properties.
Transactions | Jul 27, 2023 HIH Invest acquires new daycare center in Germany by Kali Persall HIH Invest has acquired a new German-Chinese daycare center in Bremen, Germany.
Transactions | Jul 27, 2023 BLD Group, JSB Capital secure $156m to refinance high-quality multifamily properties by Released A joint venture between BLD Group and JSB Capital Group has refinanced a portfolio of three class A multifamily properties in Florida.
Investors | Jul 27, 2023 Connecticut Treasurer makes $100m commitment to Penwood by Andrea Zander The Connecticut Office of the Treasurer Erick Russell has announced his decision to commit $100 million to Penwood Select Industrial Partners VII, a closed-end fund managed by Penwood Real Estate Investment Management.
Transactions | Jul 27, 2023 Sentinel acquires North Melbourne site for 350-apartment BTR development by Released Sentinel Fund Manager Australia, the Australian arm of Sentinel Real Estate Corporation, has acquired a 6,528-square/meter site for development in North Melbourne, Victoria.
Fundraising | Jul 27, 2023 Certares holds final close for first real estate hospitality fund by Released Certares has completed the final closing of its first real estate hospitality fund.
Transactions | Jul 27, 2023 CapRock Partners makes 6.47-acre multitenant industrial buy, completes phase I of 3.4msf development by Andrea Zander CapRock Partners has made an acquisition in California and completed a phrase of a project in Arizona.
Transactions | Jul 26, 2023 UniSuper buys stake in industrial portfolio from Korean pension fund by Andrea Zander The A$120 billion ($80 billion) Australian superannuation fund UniSuper has taken a 50 percent stake in a portfolio.
People | Jul 26, 2023 Oxford Properties appoints Chad Remis into newly created CIO role by Released Oxford Properties Group has promoted Chad Remis to the newly created position of CIO.
Transactions | Jul 26, 2023 GIC plans for $704m investment to data center in Seoul by Andrea Zander Singapore sovereign wealth fund GIC with domestic institutional investors and other partners has plans for a $704 million data center located in Goyang City, Gyeonggi Province, Seoul.
Investors | Jul 26, 2023 Pennsylvania State Employees’ Retirement System hires NEPC as RE consultant by Andrea Zander The board of the $35 billion Pennsylvania State Employees’ Retirement System has hired NEPC.
Real Estate | Jul 26, 2023 VICI Properties pays $203m for casino resort in Maryland by Released VICI Properties has acquired an interest in the land and buildings associated with Rocky Gap Casino Resort, located in Flintstone, Maryland, from Golden Entertainment for $203 million.
Transactions | Jul 26, 2023 Unite raises €350m to fund two student housing schemes by Andrea Zander Unite has raised £300 million (€350 million/$387 million) through a placing, subscription and retail offer of shares to fund two new development schemes.
Transactions | Jul 26, 2023 Japanese REIT acquires six hotels for $400m by Andrea Zander Invincible Investment Corporation has agreed to acquire six hotels in Japan.
Transactions | Jul 26, 2023 Eurofund Group, Signal Capital Partners JV to invest €180m for German shopping center by Andrea Zander Eurofund Group and Signal Capital Partners have formed a joint venture purchase the Rhein-Ruhr-Zentrum in a city in western Germany.
