Transactions | Apr 8, 2024 Tricon Residential receives final court approval for take private by Blackstone Real Estate by Released Tricon Residential has received approval.
Transactions | Apr 8, 2024 Hines Global Income Trust grows Dutch logistics portfolio by Lewis Dayton Hines has acquired a 20,000-square-meter (215,278-square-foot) retail warehouse, located next to its existing investment, Fresh Park Venlo located in Venlo, Netherlands, on behalf of the Hines Global Income Trust (HGIT).
Research | Apr 8, 2024 99 Cents Only Store faces closure as another expands: Is the discount store category winding down or booming? by Andrea Zander Number Holdings, the direct parent company of 99 Cents Only Stores, one of the nation’s major dollar store chains, has filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware to implement the previously announced orderly wind-down of its business and pursue a value-maximizing sale of its real estate and other assets.
Other | Apr 8, 2024 U.S. economy adds 303,000 jobs in March by Lewis Dayton The total nonfarm payroll employment in the United States increased by 303,000 in March, surpassing many estimates, while the unemployment rate dropped slightly from 3.9 percent in February to 3.8 percent in March.
Investors | Apr 8, 2024 Texas Teachers commits $75m to Inceptiv Management fund by Lewis Dayton The Teacher Retirement System of Texas has committed $75 million to Inceptiv RED 2, an opportunistic real estate fund managed by Inceptiv Management that is focused on making investments within the United States.
People | Apr 5, 2024 Missouri Employees Retirement hires Scott Day as next CIO by Released The Missouri Local Government Employees Retirement System (LAGERS) has announced it selected Scott Day as the pension fund’s next chief investment officer. Day will assume the role effective May 1, 2024.
Other | Apr 5, 2024 New Jersey Police & Firemen finalize transfer of assets from NJ DOI by Lewis Dayton The Police and Firemen's Retirement System of New Jersey (PFRSNJ) has announced it has finalized the transfer of assets from the New Jersey Division of Investment, the last step in the process to become an independently managed public pension system.
Transactions | Apr 5, 2024 Trinity announces first Europe deal by Released A joint partnership among Trinity Investments, funds managed by Oaktree Capital Management, and funds managed by UBS Asset Management’s Real Estate & Private Markets Multi-Managers business (UBS AM REPM MM) has acquired Park Hyatt Zurich, a 138-key luxury hotel with ancillary office and parking elements.
Transactions | Apr 5, 2024 Inland acquires student housing property at the University of Arizona in Tucson by Released Inland Real Estate Acquisitions has purchased a 484-bed student housing property in Tucson, Ariz.
Transactions | Apr 5, 2024 City Developments, MItsui Fudosan make $816m bid for Singapore-based site by Andrea Zander A joint venture between City Developments Ltd and Japan’s MItsui Fudosan has bid for a site in Singapore’s District 10, along Zion Road, according to media outlets.
Transactions | Apr 5, 2024 A&E Real Estate unveils new mortgage lending arm by Released A&E Real Estate has formed A&E Real Estate Finance.
Transactions | Apr 5, 2024 Camber Dev., Dacon Corp. break ground on 238,000sf fully electric industrial distribution facility by Denise Moose Camber Development and Dacon Corporation celebrated the groundbreaking of a 238,000-square-foot industrial warehouse and distribution facility at 800 Salem St. in Wilmington, Mass.
Investors | Apr 4, 2024 Bain Capital, 11North Partners form open-air retail centers JV by Andrea Zander Bain Capital Real Estate and 11North Partners, a retail-focused investment platform, have formed a joint venture to acquire and operate open-air retail centers throughout the United States and Canada.
Investors | Apr 4, 2024 Värde Partners, David Weekley Homes announce land banking joint venture by Andrea Zander Värde Partners has formed a joint venture with David Weekley Homes to invest in land bank residential communities.
Transactions | Apr 4, 2024 Clarion Partners Europe acquires logistics asset in Sury-le-Comtal, France by Released Clarion Partners Europe has acquired a logistics asset in Sury-le-Comtal, France.
Fundraising | Apr 4, 2024 Savills raises €143m for first close of U.K. Simply Affordable Homes Fund by Andrea Zander Savills Investment Management has held a first close of the Savills IM Simply Affordable Homes Limited Partnership.
Investors | Apr 4, 2024 The logistics sector still holds promise for investors by Jennifer Molloy Years after macrotrends made the logistics sector a portfolio darling for institutional investors, what do current fundamentals look like? Can investors still be rewarded by their investments? These and other questions on investment in the logistics sector globally were addressed in a recent virtual roundtable with institutional investors and investment managers. The in-depth strategy session, hosted by Institutional Real Estate, Inc., was moderated by Reno Sio, managing director, Asia Pacific, at IREI.
Research | Apr 4, 2024 U.S. REITs rose in March but remain in negative territory by Loretta Clodfelter U.S. REITs rose in March but remain in negative territory at the close of first quarter 2024.
People | Apr 4, 2024 Affinius Capital appoints Emily Margolis to its global investors group by Released Emily Margolis has been named managing director for the global investors group at Affinius Capital.
Transactions | Apr 4, 2024 Medinvest, King Street invest in student residences across Spain by Released Medinvest Asset Management and King Street Capital Management have reached an important milestone, having invested close to €200 million ($215 million) since its formation in 2021.
