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A shift toward neo-mercantilist policies is reshaping commercial real estate, as governments prioritize domestic production, supply-chain security and strategic industries, according to a March 2026 report from New York Life Investments.

After more than 40 years in the institutional real estate investment industry, Tom Klugherz has announced his retirement from J.P. Morgan Asset Management.

For institutional investors, one of the most underappreciated risks in private markets today sits at the intersection of liquidity, vehicle structure and governance. It is showing up not in asset quality alone, but in how liquidity promises interact with plan-level cash flows and decision-making.

Every so often, one of those tidy little market sayings gets repeated often enough that it starts to sound like settled science. “Public REITs typically lead private commercial real estate valuations by six to 12 months” is one of them. It is a useful shorthand, but it is still a shorthand. And for institutional investors, shorthand can be dangerous if it is mistaken for a law of nature.

Harbert European Real Estate (HERE), the European real estate investment platform of U.S.-based alternative asset manager Harbert Management Corporation (HMC) and Aire Capital Partners, an independent French real estate asset and investment manager, has announced the forward funding of a business park development in Limeil-Brévannes, a commune in the southeast of the Paris city-region. Financial details are not being disclosed.

Japanese developer Mori Trust has agreed to acquire two office floors at Kamiyacho Trust Tower in central Tokyo from travel agency HIS for ¥32.5 billion ($201 million), according to Mingtiandi.

Sunstone Hotel Investors has plans to sell the 821-room Hyatt Regency San Francisco to funds affiliated with Blackstone Real Estate for a gross sale price of $279 million, or approximately $340,000 per key. The sale price represents a 21.4 multiple on Hotel Adjusted EBITDA-R and a 3.5 percent cap rate on Hotel Net Operating Income for the trailing 12-month period ending May 31.

Public Storage has agreed to acquire Public Storage Canada in a transaction valued at approximately $1.2 billion.

Nearly three in five homes in Newark, N.J., sold above their original asking price in May, the highest share of the 50 most populous U.S. metros, according to a new report from Redfin.

The U.S. Senate has passed the updated 21st Century ROAD to Housing Act in an 86-5 vote, advancing bipartisan legislation aimed at addressing housing affordability and modernizing federal housing programs.

The Inland Real Estate Group has appointed Jacqueline Dagan as associate general counsel and Dhaval Parikh as head of institutional capital formation for Inland Institutional, the company’s institutional asset management platform.

In the ninth installment of this series, Chase McWhorter, managing director, Americas, at Institutional Real Estate, Inc., interviewed Nina Viscotto, vice president at ICONIQ, about asset management practices across different real estate sectors.

U.S. institutional investors are reassessing European real estate, but the evidence to date suggests selective re-engagement rather than a broad capital rotation. Europe’s appeal rests on an advanced repricing cycle, clearer entry points, accretive financing, positive currency effects and sector-specific income resilience. But weak growth, interest rate and inflation volatility, imported energy dependence, high energy costs, and thin liquidity mean the opportunity is concentrated into narrow segments of favored sectors rather than in Europe as a regional beta trade.

Goodman Australia Industrial Partnership, ASX-listed Goodman Group’s largest property fund, has entered into a binding agreement with Washington H. Soul Pattinson and Co. to acquire Brickworks’ interests in selected industrial partnerships in a transaction valued at approximately A$2.65 billion ($1.85 billion).

Orchid Hotel Pte Ltd has sold the 272-room Orchid Hotel in Singapore’s Tanjong Pagar area to a joint venture majority-controlled by an entity linked to Leow Ban Leong for approximately S$273 million ($211 million), according to The (Singapore) Business Times.

TPG Angelo Gordon has sold the Voco Seoul Myeongdong hotel in central Seoul to CapitaLand Ascott Residence Asia Fund II for KRW 368 billion ($240 million), according to Mingtiandi.

Centuria Capital Group has launched a fully underwritten A$300 million ($210 million) equity raising to accelerate growth across ResetData AI Factories and its real estate equity and credit funds management business.

Brookfield, through its private equity strategy, has agreed to sell global construction business Multiplex to Obayashi Corp.

JLL has appointed Chris Fernandez to lead its Workplace Management business across the Americas, where he will oversee teams, enhance operational performance and deploy future capabilities to accelerate growth.

CBRE Investment Management, on behalf of a fund sponsored by the firm, has completed the acquisition of a newly built residential asset in Ishøj, Greater Copenhagen, supporting the strategy’s objective of delivering high-quality, affordable and sustainable rental housing for middle-income households in Europe’s major metropolitan regions.