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Michelle Creed and Jamie Sunday, partners and co-heads of real estate secondaries with Ares Management Corp., expect 2023 to be a record year for secondary market volume, exceeding last year’s $12.4 billion of volume.

The bifurcation in the market is not necessarily a sharply defined line drawn between newer class A versus older class B and class C buildings but rather a performance gap between modern versus commodity buildings.

Since the pandemic hit at the start of this decade, the property picture globally has become more uncertain and less consistent. Economies around the world have oscillated and diverged, making a strong case for U.S. property investors to diversify abroad.

Asia’s growing imbalance in demand and supply for secondaries liquidity presents an exceptional opportunity for secondaries investors with strong on-the-ground coverage, dedicated capital and local expertise to benefit from.

In the dynamic world of real estate, the United Kingdom is undergoing a transformative shift driven by the rise of private debt.

Both in the evaluation of investment ideas and in the design of buildings, not to mention their operation, artificial intelligence holds distinct promise. But is AI the “new ESG,” an acronym thrown around so much that it loses its power, and does not fulfil its promise?

Property values play an important role in global economics, but those instructed to make a valuation on behalf of a client — the valuers — often face intense scrutiny.

Hunt Midwest and Marshall Planing Mill have partnered to develop 300 acres of new commercial and industrial space directly adjacent to Interstate 64 in Simpsonville, Ky.

DTZ Investor has paid £140.4 million (£140.4 million (€162 million/$171 million) for Coventry Logistics Park, Coventry, United Kingdom.

CapRock Partners has acquired 85 acres of unimproved land in North Las Vegas.

Holiday shoppers plan to spend a healthy $958 per person this holiday season – 22.8 percent of which will used for holiday entertainment and experiences.

The Oregon Public Employees’ Retirement System (OPERS), with $93 billion of assets under management, posted a net return of 3.35 percent for the fiscal year ending June 30, underperforming its benchmark of 6.99 percent.

The $22.3 billion Hawaii Employees’ Retirement System (HERS) posted a net return of 2.57 percent for the fiscal year that ended June 30, underperforming its benchmark of 4.48 percent.

The convergence of multifamily cap rate correction, record quantities of maturing debt, and a constrained commercial real estate (CRE) financing market has created a compelling environment for multifamily investment, writes CIM Group in its latest white paper.

The $41.13 billion Iowa Public Employees’ Retirement System (IPERS) posted a net return of 5.41 percent for the fiscal year that ended June 30, outperforming its benchmark of 5.27 percent.

The industrial outdoor storage (IOS) joint venture between Dalfen Industrial and Centerbridge Partners has acquired two additional coastal IOS properties located in California and New Jersey.

Pacific Retail Capital Partners has assumed management and leasing responsibilities at Park Place in Tucson, Ariz.

Nuveen Real Estate has expanded its European debt team with the appointment of two new senior hires.

Due to the retail sector’s high levels of occupancy and its undersupply of new development, current owners and investors are poised to capitalize upon the sector’s strong fundamentals and long-term rent growth.

SL Green Realty Corp., together with its joint venture partners, announced that One Madison Avenue is completed, three months ahead of schedule.