People | Sep 30, 2022 Public Employee Retirement System of Idaho appoints new CIO by Kali Persall The Public Employee Retirement System of Idaho (PERSI) has appointed Richelle Sugiyama to serve as its new CIO, effective Oct. 1.
Fundraising | Sep 30, 2022 Qualitas adds $285m to latest construction debt fund by Kali Persall Qualitas Construction Debt Fund II has secured a A$440 million ($285 million) commitment from a global institutional investor.
Investors | Sep 30, 2022 California passes bill to convert commercial properties into housing by Andrea Zander Gov. Gavin Newsom has signed a bill to accelerate new housing construction for specific affordable housing projects around California and help with the housing crisis.
Research | Sep 30, 2022 Estimated Hurricane Ian, storm-surge losses to be between $28b and $47b by Released Hurricane Ian, according to CoreLogic®, is expected to result in wind losses for residential and commercial properties in Florida of between $22 billion and $32 billion.
Investors | Sep 30, 2022 Madison International Realty, Carucel create new Norwegian residential investment platform by Released Madison International Realty and Carucel Eiendom AS, a Norwegian investor in retail, office, resorts, logistics and residential properties, have created a new residential platform, Carucel Living, which will focus on the Oslo rental market.
Transactions | Sep 30, 2022 CapitaLand Ascendas REIT to convert San Diego office to life sciences property by Released CapitaLand Ascendas REIT Management has signed a full-building lease agreement with Crinetics Pharmaceuticals, Inc., for its new global headquarters at 6055 Lusk Blvd. in San Diego.
Transactions | Sep 30, 2022 ESR Group acquires Mitsui’s 7.7% stake in ESR-LOGOS REIT Manager by Released ESR Group, APAC’s largest real asset manager powered by the New Economy, has agreed to, and is in the process of acquiring 7.7 percent of the total issued shares in ESR-LOGOS Funds Management, the manager of ESR-LOGOS REIT (E-LOG Manager), from Mitsui & Co.
Transactions | Sep 30, 2022 AG Real Estate France sells two parking garages in Paris for €47m by Released AG Real Estate France is selling two parking garages valued at around €47 million ($45 million) to Catella Real Estate AG (CREAG), a German investment fund.
Teachers' Retirement System of Kentucky slates $65m for value-add Rockwood Capital fund by Kali Persall The Teachers' Retirement System of Kentucky has approved a commitment of up to $65 million to Rockwood Capital Real Estate Partners Fund XII.
Transactions | Sep 29, 2022 Quintain and JP Morgan invest €309m in Wembley Park residential scheme by Andrea Zander Quintain and J.P. Morgan have entered a €309 million ($302 million) deal to finance two further build-to-rent buildings at the Wembley Park development site, called North East Lands, in London.
Transactions | Sep 29, 2022 Principal completes second data center acquisition in Europe by Released Principal Global Investors, through its dedicated real estate investment team, today announced it has acquired the Getronics Data Centre in Runcorn, United Kingdom, marking the second data center acquisition of the Principal European Data Centre Fund I.
People | Sep 29, 2022 M&G plc appoints Andrea Rossi as CEO by Released M&G plc has appointed Andrea Rossi as its next CEO and executive director.
Transactions | Sep 29, 2022 BARDAS and Bain Capital Real Estate to develop $600m studio campus in Hollywood by Andrea Zander BARDAS Investment Group and Bain Capital Real Estate have plans for the $600 million redevelopment of the former Television Center at 6311 Romaine St. in the heart of Hollywood, Calif., through the firms’ joint venture.
Fundraising | Sep 29, 2022 Verdion launches second European logistics fund by Kali Persall Verdion, a pan-European logistics real estate specialist based in London, has brought its second European fund to market.
Transactions | Sep 29, 2022 Hong Kong investor, with TelstraSuper, buys stake in Sydney mall for $78m by Andrea Zander TelstraSuper, an Australian superannuation fund, and Hong Kong investor The JY Group have acquired a 50 percent stake in Carlingford Court, a suburban Sydney mall, for A$120.5 million ($78.2 million).
Investors | Sep 29, 2022 Texas Municipal Retirement System backs Stonepeak, Pennybacker value-add funds by Kali Persall The Texas Municipal Retirement System (TMRS) has committed a total of $300 million to two value-add real estate funds managed by Stonepeak and Pennybacker Capital.
Fundraising | Sep 29, 2022 EOS Investors unveils new U.S. hotel fund by Kali Persall EOS Investors, a New York City–based investment firm focused on the hospitality sector, has launched a new fund to invest in hotel and resort properties in the United States.
Investors | Sep 29, 2022 ICG and Pro-invest Europe launch €565m U.K. hospitality joint venture by Andrea Zander ICG Real Estate has launched a new investment platform together with specialist hotel investor and asset manager Pro-invest Group.
Research | Sep 29, 2022 Army Corps proposes $52b protection plan for N.Y. Harbor to prevent storm damage to region by Andrea Zander The U.S. Army Corps of Engineers has estimated $52 billion needs to be spent to build a network of coastal barriers to protect the New York City–New Jersey region from storm flooding.
Transactions | Sep 29, 2022 Barings completes first single-family housing deal in Osnabrück, Germany by Released Barings has acquired its first European single-family housing build-to-rent (BTR) scheme in Osnabrück, Germany.
