Transactions | Apr 11, 2023 MAPFRE and Swiss Life adds French asset to its portfolio by Kali Persall A co-investment vehicle established in 2018 by MAPFRE and Swiss Life Asset Managers France has added a new building to its portfolio.
People | Apr 11, 2023 Huseyin Huseyin joins Howard Kennedy as a partner in London by Kali Persall Howard Kennedy, a law firm based in London, has strengthened its real estate practice with the appointment of Huseyin Huseyin as a partner.
People | Apr 11, 2023 Alecta CEO forced to step down following U.S. bank failures by Kali Persall Magnus Billing is stepping down from his role as CEO of Alecta, Sweden's largest pension fund provider, after the company's investments in three U.S. banks led to large losses.
Fundraising | Apr 11, 2023 Carmel Partners closes its largest fund to date at $1.58b by Kali Persall Carmel Partners, a specialist in real estate investment management focused on U.S. multifamily development, renovation and debt investments, has completed the final closing of its Carmel Partners Investment Fund 8.
Research | Apr 11, 2023 Senior housing occupancy increases for seventh consecutive quarter by Released The senior housing occupancy rate increased 0.3 percentage points from 82.9 percent in the fourth quarter of 2022 to 83.2 percent in the first quarter of 2023, according to data from NIC MAP Vision released by the National Investment Center for Seniors Housing & Care (NIC).
Investors | Apr 11, 2023 Institutional real estate allocations increasingly expanding into public markets by Kali Persall Although institutional investors have historically sought exposure to real estate primarily through the private markets, real estate allocations are evolving, according to a recent whitepaper from Ranger Global, an independent investment boutique specializing in global listed real estate.
People | Apr 11, 2023 Panorama brings Caroline Gibson on as COO by Kali Persall Panorama Holdings has appointed Caroline Gibson as COO. She will be responsible for the operational oversight of the firm, be part of the executive committee devising corporate strategy and initiatives, and oversee equity capital markets.
Investors | Apr 10, 2023 PGIM Real Estate provides $90m of financing for two class A retail properties by Kali Persall PGIM Real Estate, the $207.9 billion real estate investment and financing business of PGIM, has provided a seven-year, $90 million fixed-rate loan on behalf of its core lending strategy to EDENS for two class A retail properties located in Boston’s suburbs.
People | Apr 10, 2023 Arkansas Teacher Retirement System names Rod Graves interim executive director by Kali Persall The Arkansas Teacher Retirement System (ATRS) has appointed deputy director Rod Graves, as the pension fund’s interim executive director.
Transactions | Apr 10, 2023 Skanska tops out Virginia office building by Kali Persall Skanska, a global development and construction firm, has topped out a nine-story, 201,000-square-foot office building in Arlington, Va.
Transactions | Apr 10, 2023 Wyndham Hotels & Resorts opens new hotel in Italy by Kali Persall Wyndham Hotels & Resorts has opened a 207-bed hotel in Milan, launching its Dolce brand in Italy.
Transactions | Apr 10, 2023 BH Group, PEBB Enterprises JV acquires Office Depot headquarters in Florida by Kali Persall A joint venture consisting of BH Group and PEBB Enterprises has paid $104 million to acquire the 650,000-square-foot Office Depot headquarters campus in Boca Raton, Fla.
Research | Apr 10, 2023 U.S. jobs increase by 236,000 in March by Loretta Clodfelter Nonfarm U.S. payroll employment increased by 236,000 in March, according to the Bureau of Labor Statistics, and the unemployment rate was 3.5 percent.
Research | Apr 10, 2023 How low can the CRE market go? by Larry Gray In the span of a week, reports from two investment managers highlighted the current market uncertainty — and the variance of potential outcomes — surrounding U.S. commercial real estate.
Research | Apr 10, 2023 AFIRE: Investors globally rank the United States above other countries/regions by Jennifer Molloy Institutional investors continue to view the United States as a preferred destination relative to Europe for real estate investment across property types, led by multifamily and industrial, according to the AFIRE International Investor Survey: Q1 2023 Pulse Report.
Research | Apr 10, 2023 Green Street: Property prices down 15% from last year by Kali Persall The Green Street Commercial Property Price Index, a time series of unleveraged U.S. commercial property values that captures the prices at which commercial real estate transactions now are being negotiated and contracted, decreased by 0.2 percent in March.
People | Apr 10, 2023 Ed O’Farrell joins Institutional Real Estate, Inc. as managing director, Real Assets Adviser by Released Institutional Real Estate, Inc. (IREI) announced today that Ed O’Farrell has joined IREI as managing director of Real Assets Adviser magazine.
Investors | Apr 7, 2023 Brookfield and Cbus Property to develop premium office tower in Perth, Australia by Kali Persall Brookfield and Cbus Property have joined forces to develop a A$500 million ($334 million) high-quality, mixed-use office building in Perth, Australia, according to multiple reports.
Research | Apr 7, 2023 REITs fall 2.5% in March by Loretta Clodfelter U.S. REITs fell 2.5 percent in March, according to the FTSE Nareit Equity REITs Index, significantly underperforming the broader equities market amid concerns about rising interest rates and an unsettled banking sector.
Investors | Apr 7, 2023 W.P. Carey snaps up $468m of industrial campuses in Canada by Kali Persall W.P. Carey, a diversified net-lease REIT, has announced $468 million of industrial portfolio investments in Canada.
