Transactions | Sep 7, 2023 Rexford Industrial pays $46m for three industrial properties in Southern California by Released Rexford Industrial Realty announced three industrial property investments for an aggregate purchase price of $46.2 million.
Research | Sep 7, 2023 Yardi: Expense growth a dark cloud amid strong multifamily performance by Andrea Zander Economic growth and the tight labor market have kept multifamily demand robust through August, according to Yardi.
Research | Sep 7, 2023 Retail Attractiveness Index: Recovery of European retail markets gains breadth by Released As early as first quarter 2023, Union Investment’s Global Retail Attractiveness Index (GRAI) showed tentative signs of recovery in individual European retail markets.
Transactions | Sep 7, 2023 M7 agrees sale of warehouse in Remels, Germany by Released M7 Real Estate has sold a warehouse in Remels, northern Germany.
Investors | Sep 7, 2023 Seattle City Employees nets 7.3 percent return for the fiscal year by Lewis Dayton Seattle City Employees’ Retirement System returned net 7.3 percent for the fiscal year ending on June 30, 2023. The fund increased its assets from $3.63 billion to $3.85 billion during the fiscal year, registering an underperformance of 0.75 percent compared with its benchmark, which achieved 8.05 percent growth.
Investors | Sep 7, 2023 Bell Partners forms EV charging infrastructure partnership by Released Bell Partners has formed a partnership with Chargie to bring EV charging infrastructure to its multifamily properties.
People | Sep 7, 2023 PGIM Real Estate appoints new co-CEOs by Andrea Zander PGIM Real Estate has appointed Cathy Marcus and Raimondo Amabile as co-CEOs.
Transactions | Sep 7, 2023 ESR completes the first phase of its largest development project in China by Released ESR Group Limited (ESR) has completed phase one of the Qingpu Yurun Logistics Park in Shanghai.
Research | Sep 7, 2023 London, Prague and Amsterdam lead flex office take-up in Europe by Released London City remains the most active flexible office market in Europe.
Transactions | Sep 7, 2023 Azora buys two properties for $57m by Released Azora, through its subsidiary Azora Exan, has made two new U.S. transactions, totaling a $57 million investment.
Research | Sep 6, 2023 Construction slows, material costs moderate, skilled labor in demand, says JLL by Lewis Dayton The construction industry is experiencing a period of heightened activity.
Fundraising | Sep 6, 2023 Crosstree real estate fund closes at €562m by Lewis Dayton Crosstree Real Estate Special Situations Fund III, managed by London-based Crosstree Real Estate Partners, has held a final close at £481 million (€562 million/$604 million), exceeding the fund’s original target of £450 million (€526 million/$565 million).
Transactions | Sep 6, 2023 Aware, Altis buy site in Sydney for $77m by Andrea Zander Aware Real Estate, the property arm of Australian superannuation fund Aware Super, has purchased Mastery in Sydney.
Transactions | Sep 6, 2023 Praxis and Veld to purchase mixed-use campus in Birmingham for €146m by Andrea Zander Praxis and Veld Capital have joined together to acquire the Brindleyplace in the heart of Birmingham city center, United Kingdom.
Fundraising | Sep 6, 2023 AEW launches UK Impact Fund by Released AEW has launched its first, place-based impact investing strategy, the AEW UK Impact Fund.
Transactions | Sep 6, 2023 Swire Properties bids for $1.3b stake in Shanghai-based mixed-use projects by Andrea Zander Hong Kong–based Swire Properties has submitted bids worth a combined 9.71 billion yuan ($1.34 billion) for a 40 percent stake in two mixed-use projects in Shanghai’s Pudong district.
People | Sep 6, 2023 Mohr Partners expands in Los Angeles, adds Darren Shibuya as managing partner by Darren Shibuya Darren Shibuya has joined Mohr Partners as managing partner for its Los Angeles office.
Transactions | Sep 6, 2023 Ashland Greene closes Value-Add Fund VI property deal by Released Ashland Greene, the Dallas-based multifamily real estate investment firm, has confirmed the closing of its Value-Add Fund VI deal.
Transactions | Sep 6, 2023 CareTrust REIT acquires Southern California skilled nursing facility in JV investment by Released CareTrust REIT has completed a joint venture investment to acquire La Fuente Post Acute.
Transactions | Sep 6, 2023 Principal Asset Management adds two data center facilities in Ireland by Kali Persall Principal Asset Management has completed the acquisition of two detached data centers.
