Newsline

Barings has agreed to a forward commitment with Grupo Ferrocarril for the development of 188 affordable build-to-rent housing units in Valdebebas, Madrid.

Europe remains the world’s most attractive retail region, according to the latest Global Retail Attractiveness Index compiled by Union Investment and NIQ-GfK.

Feldberg Capital has advised its joint venture with the Teacher Retirement System of Texas on its first investment.

AustralianSuper has appointed Shaun Manuell as its next CIO, effective July 1.

Delancey has appointed Emma Murray as director of capital strategies.

Harvest Properties and an affiliate of Lone Star Funds have formed a joint venture to recapitalize 600 California St., a 360,000-square-foot Class A office tower in San Francisco’s Financial District.

Ellis Partners and Boston-based investment manager The Baupost Group have acquired Great America Commons, a two-building office and R&D campus in Santa Clara, Calif.

As traditional banks retrench from residential lending, Maksim Stavinsky, co-founder and CEO of Roc360, in an exclusive interview, discusses how borrower demand is evolving and where private credit is stepping in to fill critical financing gaps.

Bain Capital and 11North Partners have acquired five open-air retail centers across California, Virginia, Florida and Texas for approximately $300 million.

In the fifth installment of this series, Chase McWhorter, managing director, Americas, at Institutional Real Estate, Inc., interviewed Steven DeFrancis, CEO at Cortland. DeFrancis explained Cortland's integrated approach to asset management, where the investments team handles both acquisition and execution rather than handing off to separate teams.

Stonepeak is in advanced talks to acquire Australian aged-care operator Estia Health for A$2.5 billion ($1.8 billion), according to Mingtiandi, sourcing The Australian.

Centerbridge Partners is in talks to buy a minority stake in Merritt Properties from Almanac Realty Investors, the real estate investment arm of Neuberger Berman, in a deal that would value the commercial real estate firm at roughly $3 billion, including debt, reported the Financial Times.

Hong Kong’s office fit-out costs recorded a 1.5 percent annual growth, driven mainly by rising metal material costs due to tariffs. JLL’s newly published Asia Pacific Office Fit-Out Costs Guide showed that office fit-out costs continue to rise across many cities in Asia Pacific, driven by labor constraints, material pricing pressures, and the growing complexity of mechanical, electrical and technology systems.

Artificial intelligence (AI) will not destroy U.K. office demand but will reshape the office sector once again as companies design workspaces to match AI-enabled business practices.

Amit Muni has been appointed as executive vice president and CFO at Cohen & Steers.

Commercial real estate development is not frozen, but the market is becoming less tolerant of weak assumptions, according to Ryan Severino, BGO’s chief economist.

As institutional real estate investors navigate an environment shaped by persistent inflation, geopolitical volatility, constrained development and higher capital costs, questions are increasingly emerging about whether the industry is operating through a traditional cycle or entering a structurally different era for investing. In a recent white paper, Real Assets in the Age of Supply Shocks: Why This Is a Buy Moment, Hines argues that deglobalization, supply-chain realignment and growing infrastructure demands are creating long-term supply imbalances across real assets. In an exclusive interview, David Steinbach, global CIO at Hines, a real assets investment management firm, and author of the paper, discusses whether uncertainty has become the new normal for institutional real estate investing, why he believes today’s market differs from prior cycles, how supply constraints are reshaping acquisition opportunities and why operational capability is becoming increasingly critical in driving investment performance.

Global capital is re-engaging with U.S. commercial real estate. Jordan Lang, president of McCourt Partners, in an exclusive interview with IREI, discusses the more selective and conviction-driven approach, with capital targeting sectors and geographies tied to long-term economic drivers such as industrial, advanced manufacturing and multifamily. Lang outlines the factors behind renewed international interest, including improving macro stability, reduced competition and alignment between global capital and U.S. development opportunities. He also addresses how investors are approaching risk with greater discipline, emphasizing structured partnerships and a focus on durable fundamentals. Looking ahead, he expects capital flows to continue gaining momentum into 2026, with the pace of recovery dependent on macro clarity and the availability of high-quality, large-scale opportunities.

Artificial intelligence represents both a sustainability tool and a sustainability stress test for real assets.

Europe is undergoing one of the most profound fiscal and industrial transformations in its modern history, writes Justin Curlow, head of research and strategy at BNP Paribas Asset Management Alts.