Fundraising | Mar 31, 2022 Hammes Partners closes fourth fund at $739m of equity commitments by Kali Persall Hammes Partners has closed its third value-add fund, Hammes Partners IV.
Investors | Mar 31, 2022 Ohio Police & Fire Pension Fund slates $50m for EQT Exeter Industrial Core Plus Fund IV by Kali Persall The $19 billion Ohio Police & Fire Pension Fund (OP&F) has approved a commitment of up to $50 million to a closed-end commingled fund managed by EQT Exeter.
Transactions | Mar 31, 2022 Eight-asset Reno multifamily portfolio sells for $302m by Andrea Zander ERGS has sold a six-property multifamily portfolio spanning a total of 1,077 units across eight assets in Reno, Nev., for $302.5 million, or $280,872 per unit.
Investors | Mar 30, 2022 Healthcare of Ontario Pension Plan achieves 11.3% return by Kali Persall The Healthcare of Ontario Pension Plan (HOOPP), which serves Ontario’s hospital and community-based healthcare sector, achieved an 11.28 percent return in 2021, bringing its net assets to C$114.4 billion ($91.5 billion).
Investors | Mar 30, 2022 University of Pennsylvania forms student housing JV with Greystar by Andrea Zander The University of Pennsylvania has formed a joint venture with Greystar Real Estate Partners for the mixed-use redevelopment of existing student housing at 3600 Chestnut Street.
Research | Mar 30, 2022 Europe hotel occupancy remains stable amid war in Ukraine by Released Hotel performance has remained stable in most of Europe amid the war in Ukraine, and countries bordering the conflict area have seen a refugee-driven lift in occupancy, according to STR.
Investors | Mar 30, 2022 Cushman & Wakefield divests of Russian operations by Released Cushman & Wakefield has reached a definitive agreement to transfer its business in Russia to a local operator.
People | Mar 30, 2022 DiamondRock Hospitality Co. COO to resign by Released Thomas Healy has plans to resign as executive vice president and COO at DiamondRock Hospitality Co.
Investors | Mar 30, 2022 Marcus Partners Fund IV picks up Arlington County Employees as an investor by Kali Persall Arlington County (Va.) Employees Retirement System has approved a commitment of $25 million to Marcus Partners Fund IV, a value-added fund managed by Marcus Partners.
People | Mar 30, 2022 Washington State Investment Board names new CIO by Kali Persall Christopher Hanak has stepped into the role of CIO of the Washington State Investment Board (WSIB), an asset management organization responsible for $186 billion in state retirement funds and other public trust accounts.
People | Mar 30, 2022 Rob Tanenbaum joins Starwood Capital Group by Released Rob Tanenbaum has joined Starwood Capital Group as managing director and head of North American hotel asset management.
Investors | Mar 30, 2022 Dallas Police and Fire writes down Russian investments by Kali Persall Dallas Police and Fire Pension System (DPFP) said it has written down its Russian investments to essentially zero, based on current market conditions.
Research | Mar 30, 2022 OZ program inspires investment in underserved communities, says report by Released Opportunity Zones (OZs) program is achieving its aims by attracting investments in social impact projects that might not be made without OZ incentives.
Investors | Mar 30, 2022 Latest trends in commercial real estate lending by Loretta Clodfelter Commercial real estate lenders continue to compete for loans secured by multifamily, industrial and life sciences assets, as well as data centers.
Transactions | Mar 30, 2022 Europe’s largest commercial lab building to be built at Canary Wharf, London by Released Canary Wharf Group (CWG) and Kadans Science Partner have formed a joint venture to develop a new 750,000-square-foot, life sciences–focused, wet lab–enabled building at Canary Wharf in London.
Transactions | Mar 30, 2022 Aviva Investors acquires sustainable office building in Amsterdam CBD by Released Aviva Investors has acquired the FOZ building, a highly sustainable building located in the heart of Amsterdam’s business district.
Transactions | Mar 30, 2022 Allianz Real Estate acquires 12 assets on behalf of its newly established Japan multifamily residential fund by Released Allianz Real Estate has entered into an agreement to acquire a portfolio of prime multifamily residential assets in Tokyo.
Transactions | Mar 30, 2022 San Diego multi-housing community sells to Fairfield for $106m by Released Lowe and LaSalle Investment Management have closed the $106 million sale of IDEA1.
Transactions | Mar 29, 2022 Ballymore and Hammerson JV secures Section 106 agreement for regeneration of Bishopsgate Goodsyard by Released Bishopsgate Goodsyard Regeneration Ltd, the 50-50 joint venture between international property developers Ballymore and Hammerson, has completed the Section 106 agreement, unlocking the 1.7 million-square-foot, mixed-use regeneration area in Shoreditch, one of central London’s highest growth neighborhoods.Â
Transactions | Mar 29, 2022 JLL arranges $543m in financing for the $596m 10 World Trade project in Boston’s Seaport by Released  JLL Capital Markets has arranged $543 million in financing for the $596.6 million 10 World Trade project, a speculative development that will offer 555,250 square feet of life sciences, office and retail space in the heart of Boston’s Seaport District.
