Newsline

Ontario Teachers' Pension Plan Board (Ontario Teachers') has appointed Charley Butler as chief pension officer, effective Jan. 1, 2023.

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.

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.

Joe McDonnell has assumed the position of CIO at Border to Coast Pensions Partnership, one of the United Kingdom’s largest pension pools.

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.

UMH Properties, through a joint venture with Nuveen Real Estate, has acquired manufactured housing community in Sebring, Fla., for $15.1 million.

Sovereign Partners has sold 300 Kimball, an approximately 430,000-square-foot trophy office property in Parsippany, N.J., for $88 million.

Debt funds started out as a means to access distressed properties, which was lucrative but appropriate for only a small universe of investors.

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.

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.

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.

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).

Modular construction has been making the headlines in recent months.

Landmark Real Estate Fund IX, managed by Ares Secondaries, has secured more than $1.4 billion against its fundraising target of $3.5 billion.

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?

Booking Holdings to sell corporate headquarters in Amsterdam to Deka Immobilien Investment.

About 45 million square feet of space was leased in the U.K. industrial & logistics sector throughout 2022, according to Knight Frank.

JLL’s Capital Market has arranged a $290 million construction loan.

A new era of higher inflation, interest rates and volatility has wracked public markets, creating opportunities for upcoming vintages across private markets.

The themes for 2023 in real estate are driven predominantly by the continued fallout of surging inflation and interest rate hikes from central banks, according to Nuveen.