Research | Jun 21, 2022 Housing affordability hits 15-year low as prices, mortgage rates rise by Released Ballooning mortgage costs, driven by skyrocketing prices and interest rates, have made mortgages less affordable than at any time since at least 2007.
Transactions | Jun 21, 2022 DJM and PGIM buys retail center in Bay Area market by Released DJM Capital Partners, a California-based private equity real estate developer, owner and manager, has closed on the Bridgeside Shopping Center in Alameda, Calif.
Transactions | Jun 21, 2022 Prologis invests in Dutch logistics portfolio by Andrea Zander Prologis has acquired four new distribution centers in the Netherlands from KKR and Mirastar.
Research | Jun 20, 2022 CBRE: 2022 Asia Pacific Office Occupier Survey reflects new paradigm by Andrea Zander With the pandemic now well into its third year, nearly all markets in Asia Pacific have adopted a policy of living with COVID-19 as high vaccination rates, effective medical care and the emergence of weaker variants reduce the severity of the virus and remove the need for lockdowns and other related measures.
Research | Jun 20, 2022 UBS: Sensing headwinds coming by Andrea Zander As restrictions due to COVID-19 gradually fade away and life returns to pre-pandemic-like conditions, apart from China and Hong Kong where new lockdowns have been imposed, the global economy faces new challenges, according to UBS.
Transactions | Jun 20, 2022 CRC lifestyle center in Atlanta for $97m by Released Continental Realty Corp. has acquired The Shoppes at Webb Gin.
Investors | Jun 20, 2022 Lendlease establishes $720m innovation partnership with PGGM by Andrea Zander Lendlease has entered into an agreement with Dutch pension fund manager PGGM to create the Lendlease Innovation Limited Partnership.
Investors | Jun 20, 2022 Boston Retirement System rehires NEPC as investment consultant by Kali Persall The Boston Retirement System (BRS) has rehired NEPC as investment consultant, following an RFP issued in February.
Real Estate | Jun 20, 2022 Vero Beach Police Officers backs U.S. Real Estate Investment Fund by Kali Persall The Vero Beach (Fla.) Police Officers' Retirement Trust Fund has approved a $3 million commitment to the U.S. Real Estate Investment Fund (US REIF), a vehicle managed by Boston-based Intercontinental Real Estate Corp.
Transactions | Jun 20, 2022 Four Singapore retail assets for sale with $2.9b valuation by Andrea Zander Singapore-based NTUC Enterprise Co-operative Ltd has plans to sell its retail portfolio, which consist of suburban malls with an estimated valuation of S$4.15 billion ($2.98 billion).
Fundraising | Jun 20, 2022 Pennybacker Capital captures $447m for sixth fund by Kali Persall Pennybacker Capital has secured more than $447 million for its recently launched Pennybacker VI fund.
Fundraising | Jun 20, 2022 Kotak Investment Advisors, ADIA form $590m platform focused on India’s office market by Kali Persall Kotak Investment Advisors has joined with a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) to launch a $590 million real estate investment platform, focused on office assets in India.
Investors | Jun 20, 2022 Canada Infrastructure Bank commits to Avenue Living Asset Management by Released The Canada Infrastructure Bank (CIB) and Avenue Living Asset Management, a multifamily REIT, have entered into an agreement to commit C$150 million ($115 million) toward sustainable retrofit projects in low-density residential buildings across Western Canada.
Transactions | Jun 20, 2022 Keppel DC REIT strengthens portfolio with two data centers in Guangdong, China by Released Keppel DC REIT has entered into agreements with Guangdong Bluesea Data Development Co. Ltd.
Research | Jun 20, 2022 MSCI enhances real estate climate analysis through partnership with CRREM by Released MSCI, a provider of critical decision support tools and services for the global investment community, has agreed to a strategic partnership with Carbon Risk Real Estate Monitor (CRREM).
People | Jun 20, 2022 Europa Capital appoints Roberto Varandas as head of business development by Released Europa Capital has appointed Roberto Varandas to the newly created role of head of business development.
Transactions | Jun 20, 2022 Edinburgh Council agrees to 25-year lease for Scotland’s first Hyatt hotel by Released The City of Edinburgh Council has agreed to a 25-year lease with M&G Real Estate and its property development partner, Qmile Group, for a 349-bed Hyatt Centric hotel at Haymarket Edinburgh.
Transactions | Jun 20, 2022 CBRE acquires Green Soluce SAS to enhance ESG advisory services in Europe by Released CBRE today announced the acquisition of Green Soluce SAS.
Transactions | Jun 17, 2022 Ares Management Real Estate buys two Miami industrial buildings by Released Flagler Global Logistics, a subsidiary of Florida East Coast Industries, has sold two class A industrial distribution buildings within Countyline Corporate Park totaling 574,752 square feet in the south Florida city of Hialeah in Miami-Dade County.
Transactions | Jun 17, 2022 Finmarc Management pays $127m for 11-building office/data center portfolio by Released Finmarc Management has acquired from Boston Properties an 11-building portfolio comprising about 740,000 square feet of flex/office, industrial and data center space in Springfield, Va., for $127.5 million.
