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Commercial real estate investment volume in Japan reached a record ¥2.21 trillion ($14.4 billion) during third quarter 2026, an increase of 4 percent year over year, according to CBRE’s latest “Japan Investment MarketView” report.

It’s almost impossible to spot trends reading the news as it unfolds. Sometimes it helps to look back a decade or more to place today’s events in the proper perspective. That’s what these weekly “Blasts from the past” posts are all about. This week’s article was pulled from the IREI Archives by Ask IRE.IQ, the plain-language query capability of Institutional Real Estate, Inc.’s IRE.IQ database. Ask IRE.IQ lets users enter queries in plain English and search both the database and our proprietary IREI Archives. Those archives hold thousands of news items and feature articles chronicling the history of the institutional real estate investment business during the past 35 years.

ACORE CAPITAL has held a final close of ACORE Opportunistic Credit II (AOC II), its second dedicated fund for opportunistic credit investments with $1.1 billion of commitments, exceeding its $1 billion target.

GLP has announced the opening of ALDI’s new distribution center at GLP Jiangning Logistics Park in Nanjing, China, marking the third dedicated ALDI facility within GLP’s logistics park network to open in just over 13 months.

Tishman Speyer has sold 148 Lafayette St., a fully leased, 12-story, class A boutique office building in Manhattan’s SoHo neighborhood for $132.5 million, or approximately $866 per square foot.

Brookfield has entered into an agreement with South Korean technology company Naver to finance up to $9 billion in AI infrastructure, supporting the development of a 1-gigawatt AI factory in part-nership with NVIDIA.

Sixth Street has acquired the Four Seasons Resort Scottsdale at Troon North, a 210-room luxury resort in Scottsdale, Ariz., for $372 million from Braemar Hotels & Resorts. Sixth Street completed the transaction in partnership with Riller Capital.

Tritax London Logistics Fund (TLLF) has raised £400 million ($532.9 million) in new equity, bringing its fund value to approximately £1.07 billion ($1.43 billion) as of the end of third quarter 2026, a 65 percent increase since Tritax became the fund’s manager in 2023.

The Los Angeles City Employees’ Retirement System (LACERS) has launched a search for its new CIO.

Brightshore Capital has sold Port 225 Commerce Center.

According to JLL’s inaugural “Asia-Pacific Industrial Tenant Demand Study,” the third-party logistics (3PL), logistics and distribution segment is set to continue leading industrial demand growth, representing more than 30 percent of active tenant requirements, with ecommerce following at approximately 11 percent of total demand.

KKR and Alexandria Real Estate Equities have announced a $475 million joint venture investment by capital accounts advised by KKR in Alexandria’s majority ownership interest in Campus Point by Alexandria Megacampus, a nearly 2 million-square-foot life sciences Megacampus in San Diego.

TPG is reportedly in discussions to acquire U.K.-based Ark Data Centres from Elliott Investment Management in a transaction valued at approximately $5 billion, according to the Financial Times, citing people familiar with the matter.

The Maryland State Retirement and Pension System (MSRS) has committed $175 million to real estate funds, including funds managed by Abacus Capital Group and TA Realty.

The Pennsylvania Public School Employees’ Retirement System (PSERS) has committed $125 million to Sterling United Properties I CF, a closed-end, core-plus strategy of Sterling Organization.

BKM Capital Partners has promoted Brett Turner to CIO.

As institutional capital moves deeper into smaller, more specialized and operationally intensive property sectors, the definition of what qualifies as “institutional” is changing. Asset size alone is becoming less important than the ability to execute a repeatable strategy, build scale across a portfolio and support investments with strong operating capabilities, governance and reporting.

Primary Health Properties (PHP) and Universities Superannuation Scheme (USS) have increased the target size of their existing joint venture to £400 million ($533 million) from £250 million ($333 million).

Morgan Stanley Investment Management, through funds managed by Morgan Stanley Real Estate Investing, has acquired a newly developed class A industrial facility in Stafford, Va., for $172.1 million.

RCG Ventures has held a final close for Fund VIII above its target, securing $515 million in capital commitments.