SPONSORED: Nuveen Real Estate – Alternative data provides insight into office utilization by Jennifer Babcock Sandwich sales and security-badge swipes, among a host of other nonstandard data points, suggest office use still lags pre-pandemic activity by 20 percent to 25 percent in the United States.
SPONSORED: CBRE IM – Alternative credit to play a role in Europe’s ESG transformation by Jennifer Babcock ESG requirements and European net-zero carbon emission targets will likely create a credit a performance spread between sustainable and less sustainable assets.
Investors | Jun 27, 2022 ESG focus supports investment in affordable housing by Loretta Clodfelter The affordable housing segment has seen strong demand from investors, some of it driven by investor demand for investments with environmental, social and governance (ESG) aspects.
Transactions | Jun 27, 2022 LaSalle E-REGI Fund completes first residential acquisition in Copenhagen by Released LaSalle Investment Management has completed the acquisition of a prime, newly built residential asset in Frederiksberg, Copenhagen.
Transactions | Jun 27, 2022 ESR successfully completes 5.6msf of class A, 100% pre-leased logistics by Released ESR-Kendall, ESR Group’s South Korean platform, has completed a total of 520,000 square meters (5.6 million square feet) of class A logistics, 100 percent pre-leased warehouse space, in South Korea during the first half of 2022.
Transactions | Jun 27, 2022 Bonaventure sells Williamsburg, Va., multifamily asset for $100m by Released Bonaventure has sold a 289-unit garden-style multifamily property Williamsburg, Va., to The Inland Real Estate Group for $100 million.
Investors | Jun 27, 2022 Phoenix Group invests $111m in affordable housing by Andrea Zander Phoenix Group has provided £90 million (€105 million/$111 million) of long-term funding by means of a private placement to Alliance Homes.
Transactions | Jun 27, 2022 Frasers makes fourth U.K. logistics and industrial investment by Andrea Zander Frasers Logistics & Commercial Asset Management has acquired a property to be developed in Cheshire, Northwest England.
Transactions | Jun 27, 2022 IMMOFINANZ to sell €1b portfolio, increase exposure in retail sector by Released IMMOFINANZ has plans to sell €1 billion ($1 billion) of assets.
Transactions | Jun 27, 2022 PEB pays $174m for waterside resort in Rhode Island by Released Pebblebrook Hotel Trust (PEB) has acquired the AAA Four Diamond 257-room Gurney’s Newport Resort & Marina in Newport, R.I., for $174 million.
Fundraising | Jun 27, 2022 Brasa Capital Management closes second real estate fund above target by Kali Persall Los Angeles–based Brasa Capital Management has closed its Brasa Real Estate Fund II.
Investors | Jun 27, 2022 Michigan Retirement System backs TPG, Asana Partners, Cerberus funds by Kali Persall The State of Michigan Retirement System’s Real Estate and Infrastructure Division’s (REID) strategy has disclosed three new commitments for the quarter ending March 30.
Transactions | Jun 27, 2022 Tishman Speyer sells L.A. creative office campus for $205m by Andrea Zander FS Credit Real Estate Income Trust, Inc., which is advised by a subsidiary of FS Investments and sub-advised by Rialto Capital Management, has acquired 555 Aviation, a 259,754-square-foot, class-A creative office building located in El Segundo, Calif.
Fundraising | Jun 27, 2022 U.K. investors bring Gresham House Residential Secure Income fund to $228m by Kali Persall Gresham House Residential Secure Income (ReSI), a limited partnership investing in U.K. shared ownership, has secured £186 million ($228 million) in capital commitments from U.K. institutional investors, including corporate pension funds and local government pension schemes.
Transactions | Jun 27, 2022 Cohen pays $130m for industrial building near Phoenix by Andrea Zander Cohen Asset Management has purchased a newly constructed industrial and logistics property located at 2600 Miller Road in Buckeye, Ariz.
Fundraising | Jun 27, 2022 Jadwa Investment launches real estate development fund in Middle East by Kali Persall Jadwa Investment, an investment management and advisory firm in the Middle East, has launched a new fund in partnership with Dar Al Majed Real Estate Company and Arab National Bank.
Transactions | Jun 27, 2022 Starwood Capital Group explores $1b single-family rental sale by Andrea Zander Starwood Capital Group is exploring the sale of two portfolios of single-family rental houses due to the U.S. housing cooling down.
Transactions | Jun 27, 2022 Former American Red Cross building to be converted into mixed-use project in Birmingham, Ala. by Released EPT Holdings has plans to redevelop a former American Red Cross building into a mixed-use project in Birmingham, Ala.
People | Jun 27, 2022 Greystone appoints Hafize Gaye Erkan as CEO by Released Greystone has appointed Hafize Gaye Erkan as its CEO.
Transactions | Jun 24, 2022 Greystar launches construction efforts on Phase 2 of Texas industrial project by Kali Persall Greystar has started construction on the second phase of a 500,000-square-foot industrial project in Texas.
