Research | Aug 5, 2022 U.S. economy adds 528,000 jobs in July, returns to pre-pandemic levels by Loretta Clodfelter Employment increased by 528,000 jobs in July, according to the Bureau of Labor Statistics, and the unemployment rate edged down to 3.5 percent.
Transactions | Aug 5, 2022 Barings Private Equity Asia pays $370m for Hilton Sydney Hotel by Andrea Zander Barings Private Equity Asia (BPEA) has paid A$530 million ($369 million) for Hilton Sydney Hotel, the largest single-asset hotel deal ever closed in Australia.
Research | Aug 5, 2022 Bay Area Life Science Report: Sector must adapt to market shifts amid pullback in investment by Andrea Zander The San Francisco Bay Area life-sciences market continues to experience unprecedented growth heading into the second half of 2022, according to a report by Newmark.
Transactions | Aug 5, 2022 Downtown Brooklyn mixed-use tower receives $388m financing by Released Walker & Dunlop has structured about $388.4 million in financing from Bank of America for The Brook.
Investors | Aug 5, 2022 Tungsten Properties signs €298m JV funding agreement with BC Partners by Released Tungsten Properties has signed a joint venture funding agreement with BC Partners, which will provide access to leveraged capital to fund development opportunity acquisitions.
Transactions | Aug 5, 2022 Macquarie Asset Management agrees to acquire Polish last-mile logistics facility by Released Macquarie Asset Management has agreed to acquire a City Flex logistics facility in Poland.
Investors | Aug 5, 2022 Real estate technology trends by Jennifer Molloy How will technological innovation and big data affect institutional investors, assessment, acquisition and management of real estate assets? How can technology be applied to improve investment processes and help drive returns? And how are such changes influencing the relationships among investors, consultants and investment managers?
Transactions | Aug 5, 2022 Ivanhoe Cambridge JV sells premier retail and dining destination center in Miami for $216m by Andrea Zander Rockpoint and Ivanhoe Cambridge have sold Mary Brickell Village, a 200,503-square-foot, Publix-anchored, mixed-use retail center with an 875-space parking garage in Miami’s Brickell district, for $216 million.
People | Aug 5, 2022 CA Ventures expands presence in BTR sector with appointment of Niall Malone by Released CA Ventures has appointed Niall Malone as senior vice president to spearhead CA’s European multifamily and build-to-rent (BTR) business.
Investors | Aug 5, 2022 Charter Hall signs renewable PPA with ENGIE Australia & New Zealand by Released Charter Hall Group has signed a significant power-purchase agreement (PPA) with global renewable energy giant ENGIE Australia & New Zealand to supply 100 percent electricity from renewable sources across the group’s property portfolios for seven years.
Investors | Aug 4, 2022 Norfolk County Retirement System launches search for value-add real estate managers by Kali Persall The $1.3 billion Norfolk County (Mass.) Retirement System is seeking proposals from value-added real estate managers for the possible award of roughly $20 million of the system’s portfolio.
Transactions | Aug 4, 2022 EXCLUSIVE — Harrison Street and Sterling Bay acquire life sciences–anchored development in Boulder County, Colo. by Kali Persall A joint venture between Harrison Street and Sterling Bay has acquired a life sciences–anchored, mixed-use development in Louisville, Colo.
People | Aug 4, 2022 Border to Coast promotes Mark Lyon to deputy CIO by Kali Persall Border to Coast Pensions Partnership, one of the largest Local Government Pension Scheme pools in the United Kingdom, has promoted Mark Lyon to deputy CIO.
Transactions | Aug 4, 2022 Ascendas REIT to acquire Philips APAC Center in Singapore for $76m by Released Ascendas Funds Management has acquired Philips APAC Center.
Transactions | Aug 4, 2022 Breakthrough Properties commences construction of premier life sciences research center along East Cambridge Waterfront by Released Breakthrough Properties, backed by a joint venture of Tishman Speyer and Bellco Capital, has commenced construction on the redevelopment of One Canal by Breakthrough, a four-story lab and office building in East Cambridge, Mass.
Research | Aug 4, 2022 Asia Pacific real estate investment declines 17% in H1 2022 by Andrea Zander Investment in Asia Pacific commercial real estate decreased 17 percent year-on-year in first half 2022.
Transactions | Aug 4, 2022 Ascott acquires first lyf property in Tokyo via its serviced residence global fund by Andrea Zander CapitaLand Investment has acquired a freehold asset in Tokyo via the Ascott Serviced Residence Global Fund.
Transactions | Aug 4, 2022 Starwood Capital Group and Avara sell Finnish portfolio of 2,200 apartments to Orange Capital Partners by Released Starwood Capital Group and its operating partner Avara Oy have sold a Finnish residential portfolio to Orange Capital Partners.
Fundraising | Aug 4, 2022 AllianceBernstein closes fourth commercial real estate debt fund by Kali Persall AllianceBernstein (AB), a global investment and research management firm, has completed the final closing of its U.S. Commercial Real Estate Debt Fund IV (CRED IV).
Transactions | Aug 4, 2022 AvalonBay buys two Miramar, Fla., assets for $295m by Andrea Zander AvalonBay Communities has acquired Altis Miramar and Altra Miramar Multifamily Apartment Community, located in Miramar, Fla.
