People | Jan 5, 2022 Kevin Lindahl becomes leader of Fire & Police Pension Association of Colorado by Kali Persall The Fire & Police Pension Association of Colorado (FPPA) has appointed Kevin Lindahl as executive director, following a nationwide search.
People | Jan 5, 2022 Iowa Public Employees’ Retirement System appoints new CIO by Kali Persall The Iowa Public Employees’ Retirement System (IPERS) has appointed Sriram Lakshminarayanan as its new CIO, effective Jan. 7.
Transactions | Jan 5, 2022 Starwood, Trinity Capital plan $1b life science project by Andrea Zander Starwood Capital Group and Trinity Capital Advisors have plans to develop Spark LS, a 109-acre advanced life-science campus in Morrisville, N.C., near the Research Triangle Park in the Raleigh-Durham MSA.
Transactions | Jan 5, 2022 Hines enters first Arizona build-for-rent project in the U.S. by Released Hines has entered into a joint venture agreement with a subsidiary of New York Life Insurance Company to develop the firm’s first build-for-rent project in the United States.
Transactions | Jan 5, 2022 Cromwell European REIT buys three logistics assets in U.K. and the Netherlands by Released Cromwell European REIT (CEREIT) has entered into three separate sale and purchase agreements for the acquisitions of three light-industrial/logistics properties.
Transactions | Jan 5, 2022 Kerry Properties buys four development plots in Shanghai for $2.1b by Andrea Zander Hong Kong-listed developer Kerry Properties has acquired the land-use rights to four development plots in Shanghai.
Transactions | Jan 5, 2022 Hunt Communities acquires 478 acres in Texas for 1,500 single family units by Released Hunt Communities has acquired River Farm, a 478-acre site in Belton, Texas.
Transactions | Jan 5, 2022 GIC purchases Embassy Suites in Tucson, Ariz. by Andrea Zander Summit Hotel Properties has completed the acquisition of the 120-guestroom Embassy Suites by Hilton Tucson / Paloma Village for $25.5 million through its joint venture with GIC.
Transactions | Jan 5, 2022 Hanna Asset Management, Ocean West to sell Washington, D.C. office by Andrea Zander South Korea-based Hanna Asset Management Co. and Ocean West Capital Partners have plans to sell the 605,895-square-foot office at 300 E St. SW in Washington, D.C.
Transactions | Jan 5, 2022 Skanska divests office portfolio in for €128m by Released Skanska has divested a portfolio of two office projects in Wroclaw and Krakow, Poland, for €128 million ($145 million).
Transactions | Jan 5, 2022 Urban Edge Properties acquires Woodmore Towne Center in Washington, D.C. market for $193m by Released Urban Edge Properties has acquired Woodmore Towne Centre.
People | Jan 5, 2022 Susan Uthayakumar joins Prologis as chief sustainability and energy officer by Released Prologis has appointed Susan Uthayakumar.
Research | Jan 5, 2022 REITs surge in December to finish year on high note by Loretta Clodfelter U.S. equity REITs put in a stunning finish in December to a strong year.
Transactions | Jan 5, 2022 Tishman Speyer buys largest entitled land in Santa Monica, Calif., history by Andrea Zander Tishman Speyer has acquired The Santa Monica Collection, a stunning eight-site portfolio spanning 3.1 acres in the iconic city of Santa Monica, Calif.
Transactions | Jan 5, 2022 PRP sells San Francisco office for $182.5m by Released PRP has sold 350 Rhode Island Street, a 127,100-square-foot office building leased to the City and County of San Francisco.
Vertical Cold Storage enters Dallas market by Released Vertical Cold Storage has purchased Lone Star Cold Storage of Richardson, Texas.
Investors | Jan 4, 2022 Allianz and VGP expand relationship with new €2.8b European logistics joint venture by Released Allianz Real Estate, acting on behalf of several Allianz group companies, and VGP, a European provider of high-quality logistics and semi-industrial real estate, have agreed to form a new 50-50 joint venture.
Transactions | Jan 4, 2022 Stoneweg US acquires two Louisville multifamily communities for $230m by Released Stoneweg US has made a $230 million acquisition.
Fundraising | Jan 4, 2022 Southwest Value Partners Fund XXII closes at $380m by Kali Persall Southwest Value Partners has closed its Southwest Value Partners Fund XXII with $380 million in capital commitments.
Investors | Jan 4, 2022 M&G and Birchgrove create $93m senior living partnership by Andrea Zander M&G Real Estate has acquired two developments managed by Birchgrove Holdings, an assisted living operator.
