Research | Dec 12, 2023 REITs: Late 2023 performance suggests brighter outlook for an evolving industry in 2024 by Andrea Zander The impressive performance of REITs during late October and November may be a signal that the end of the rate-rising cycle will herald a period of REIT outperformance, according to Nareit in a recent post.
Transactions | Dec 11, 2023 Former automotive plant in Birmingham acquired to deliver 300,000sf sustainable logistics development by Released A joint venture partnership has purchased a former automotive component manufacturing site in Erdington, Birmingham, United Kingdom, to speculatively build 300,000 square feet of class A urban logistics and industrial space.
Research | Dec 11, 2023 2024 U.S. Macro Outlook: Rolling recession is here by Released Cushman & Wakefield has released its 2024 U.S. Macro Outlook report.
Transactions | Dec 11, 2023 Bell Partners acquires Metro D.C. apartment community by Released Bell Partners has acquired The Thornton.
Fundraising | Dec 11, 2023 BlackRock raises €774m for new European property fund by Andrea Zander BlackRock Private Markets has raised €774 million ($844 million) million in initial investor commitments for the BlackRock Europe Property Fund VI (EFVI) at its first close, with capital provided by a diverse set of global institutional investors, including new clients and LPs from prior vintages.
Transactions | Dec 11, 2023 LaSalle secures planning permission to redevelop Bergère, a transformational office in the heart of Paris by Released LaSalle Investment Management has secured planning permission to redevelop and refurbish Bergère, a landmark office-led, highly amenitized workspace project in Paris.
Transactions | Dec 11, 2023 MDM Asset Management, Hana Securities secure €105m refinancing U.K. shopping center in Birmingham by Released MDM Asset Management and Hana Securities have secured refinancing worth £90 million (€105 million/$113 million) for Gallagher Shopping Park — a prime-level shopping center in Birmingham, England.
Transactions | Dec 11, 2023 Macy's receives $5.8b buyout offer by Andrea Zander An investor group consisting of Arkhouse Management, a real-estate focused investing firm, and Brigade Capital Management, a global asset manager, has made a $5.8 billion offer to take department store chain Macy's private.
Research | Dec 11, 2023 Barings: U.S. real estate equity today… & tomorrow by Andrea Zander Joe Gorin, head of U.S. real estate equity at Barings, discusses the challenges facing commercial real estate markets due to rising interest rates and shifts in tenant behavior toward hybrid and remote work, in a recent podcast hosted by Greg Campion, managing director in Barings' marketing group.
Real Estate | Dec 11, 2023 Hines Securities completes $152m DST Offering by Released Hines Securities has completed a $152 million offering of interests in HGIT 200 Park Place DST, a Delaware Statutory Trust (DST).
Investors | Dec 11, 2023 Contra Costa makes $245m of commitments, posts 5.5 percent fiscal year return by Lewis Dayton The Contra Costa County (Calif.) Employees’ Retirement Association (CCCERA) has committed $125 million to EQT Infrastructure Fund (EQTIF) VI, $60 million to KSL Capital Partners Fund (KSLCPF) VI and $60 million to Ares US Real Estate Opportunity Fund (AUSREOF) IV.
Research | Dec 8, 2023 199,000 jobs added to the U.S. economy in November by Lewis Dayton Total nonfarm payroll employment in the United States increased by 199,000, roughly in line with consensus estimates, as the unemployment rate dropped from 3.9 percent to 3.7 percent.
Research | Dec 8, 2023 Sale leaseback transactions in third quarter totals $3.4b by Andrea Zander There were 157 sale leaseback transactions in the third quarter of 2023 totaling $3.4 billion, down roughly 34 percent versus the previous quarter, according to SLB Capital Advisers.
Research | Dec 8, 2023 Study of NY and London real estate finds strong evidence for ‘green premium’ by Andrea Zander UBS research finds clear evidence of a green premium in the two largest office building markets, New York and London, driven by tenant requirement and legislation, the firm reports in a recent report.
Transactions | Dec 8, 2023 Digital Realty, Blackstone announce $7b hyperscale data center development JV by Andrea Zander Blackstone-affiliated funds led by Infrastructure, Real Estate and Tactical Opportunities have agreed to establish a joint venture with Digital Realty to develop four hyperscale data center campuses across three metro areas on two continents.
Investors | Dec 8, 2023 KKR to open office in Zurich by Released KKR has plans to open an office in Zurich.
Fundraising | Dec 8, 2023 Swiss Life Fund holds first close for ESG Global Infrastructure Opportunities Growth II by Released Swiss Life Asset Managers has completed a first close for its second value-add infrastructure fund.
Transactions | Dec 8, 2023 Hines acquires logistics warehouse from Dexus Industria REIT by Released Hines has acquired two logistics warehouses from Dexus Industria REIT, a listed Australian REIT.
People | Dec 8, 2023 Lisa Laird joins Mercy Investment Services as CIO by Released Lisa Laird will join Mercy Investment Services as CIO.
Transactions | Dec 8, 2023 Naftali Group closes on $236m construction loan for NYC Project by Released Naftali Group has closed on a construction loan for its forthcoming 255 E. 77th St. project on Manhattan’s Upper East Side.
