Transactions | Jan 3, 2023 CapitaLand Investment JV divests International Tech Park Pune, Hinjawadi, to CapitaLand India Trust for $165m by Released Ascendas India Development VII and its joint venture partner Maharashtra Industrial Development Corporation have entered into separate agreements with CapitaLand India Trust.
Research | Jan 3, 2023 Cushman & Wakefield releases its Greater China 2023 Forecast Report by Andrea Zander Cushman & Wakefield has released its 2023 Forecast Report.
Transactions | Jan 3, 2023 DEMIRE sells LogPark in Leipzig for €121m by Released DEMIRE Deutsche Mittelstand Real Estate AG has sold LogPark logistics property in Leipzig to a German institutional investor for €121 million ($128 million).
Transactions | Jan 3, 2023 Broad Street Development, Crow Holdings Capital partnership sells prime Manhattan apartment for $115m by Released Broad Street Development and a real estate fund advised by Crow Holdings Capital have sold 298 Mulberry St., a 96-unit, market-rate, mixed-use rental apartment property on the corner of East Houston and Mulberry Streets in the Noho neighborhood of Manhattan.
Investors | Jan 3, 2023 UC Investments forms $4b strategic venture with Blackstone by Andrea Zander The Office of the Chief Investment Officer of the Regents of the University of California (UC Investments) and Blackstone announced a long-term strategic venture in which UC Investments will invest $4 billion in Blackstone Real Estate Income Trust, Inc. (BREIT) Class I common shares, the largest existing share class. Blackstone will then contribute $1 billion of its current BREIT holdings as part of a strategic venture with UC Investments.
People | Jan 3, 2023 Ontario Teachers' appoints new chief pension officer by Kali Persall Ontario Teachers' Pension Plan Board (Ontario Teachers') has appointed Charley Butler as chief pension officer, effective Jan. 1, 2023.
Investors | Jan 3, 2023 Missouri pension fund approves redemption request from UBS Trumbull Property Fund by Kali Persall The Public School Retirement System of the city of St. Louis (PSRSSTL) has approved a full redemption request from the open-ended UBS Trumbull Property Fund, managed by UBS Asset Management.
Transactions | Jan 3, 2023 Workspace Property Trust acquires additional 1msf across six class A suburban office buildings by Released A consortium led by Thomas A. Rizk and Roger W. Thomas, the founders of Workspace Property Trust, has purchased an additional 1 million square feet across six class A suburban office buildings.
People | Jan 3, 2023 Joe McDonnell appointed CIO at Border to Coast Pensions Partnership by Kali Persall Joe McDonnell has assumed the position of CIO at Border to Coast Pensions Partnership, one of the United Kingdom’s largest pension pools.
Transactions | Jan 3, 2023 Fontainebleau Las Vegas secures $2.2b in financing to complete construction by Released A partnership lead by Fontainebleau Development has secured a $2.2 billion construction loan to complete Fontainebleau Las Vegas, the anticipated 67-story hotel, gaming, meeting and entertainment destination coming to the north end of the Las Vegas Strip.
Transactions | Jan 3, 2023 UMH Properties, Nuveen JV buys newly developed community in Florida by Released UMH Properties, through a joint venture with Nuveen Real Estate, has acquired manufactured housing community in Sebring, Fla., for $15.1 million.
Transactions | Jan 3, 2023 Office property in Parsippany, NJ sells for $88m by Released Sovereign Partners has sold 300 Kimball, an approximately 430,000-square-foot trophy office property in Parsippany, N.J., for $88 million.
Diversification expands the debt investor universe by Sheila Hopkins Debt funds started out as a means to access distressed properties, which was lucrative but appropriate for only a small universe of investors.
How investors can take advantage of market dislocation by Alex Frew McMillan With central banks raising interest rates and lenders under pressure, the era of easy, cheap credit is over. The sharp reversal of conditions throws bad decisions into stark relief. Property purchases based on false assumptions are already proving difficult to justify.
Four logistics investments to make now that will pay dividends in 2023 by Melinda McLaughlin From shifts in consumer shopping habits and increasing demand for fast delivery to the need for modern logistics space in the right locations to enable transportation-efficient and resilient supply chains, investors should keep in mind four key logistics trends globally.
2023 and 2024 to be vintage real estate investment years by Marek Handzel Both 2023 and 2024 are likely to be “very good vintage years” to invest in real estate, as lower valuations in the European market create new investment opportunities.
What European property investors could learn from the French system by Marek Handzel European property investors could learn a trick or two from the French, when it comes to gathering energy use data, write Vicky Cotton (head of ESG at Workman) and Najib Ghantous (a director at Workman's French subsidiary, Workman Turnbull).
With its ability to save costs, maintain quality and speed up construction times, modular construction is continuing to gain attention — and investment by Marek Handzel Modular construction has been making the headlines in recent months.
Fundraising | Dec 23, 2022 Landmark Real Estate Fund IX captures more than $1.4b of capital by Kali Persall Landmark Real Estate Fund IX, managed by Ares Secondaries, has secured more than $1.4 billion against its fundraising target of $3.5 billion.
Investors | Dec 23, 2022 Data center trends: Data storage needed in new economy continues to increase investor interest by Jennifer Molloy The upward trajectory of data storage needed in the new economy continues to increase investor interest in data centers. What are the latest trends, and how are obsolescence and environmental concerns being handled by the industry?