People | Mar 31, 2022 CalSTRS prioritizes diversity, climate change in new strategy by Kali Persall The California State Teachers’ Retirement System (CalSTRS) is implementing a new engagement strategy for the 2022 proxy season, focused on opposing the election of directors in companies that have failed to achieve greater board diversity or significantly address climate change.
Transactions | Mar 31, 2022 High Street Residential to develop first multifamily development in Atlanta with TCC by Released Trammell Crow Co. (TCC) and its residential subsidiary, High Street Residential (HSR), along with Georgia Advanced Technology Ventures (GATV), a cooperative organization of the Georgia Institute of Technology, have closed on ground leases and are ready to begin construction on the first phase of redevelopment at Science Square, formerly known as Technology Enterprise Park, a mixed-use innovation community offering premier commercial lab/R&D and residential real estate in Atlanta.
Transactions | Mar 31, 2022 Principal and Atream acquire Lyon office complex for more than €150m by Released Principal Global Investors and Atream have jointly acquired the Urban Garden office building in Lyon, France, for more than €150 million ($167 million) from HIG Capital.
Investors | Mar 31, 2022 Ohio BWC seeks real estate investment consultant by Kali Persall The Ohio Bureau of Workers' Compensation (BWC) has issued an RFP for real estate investment consulting services.
Transactions | Mar 31, 2022 Callahan Capital JV pays $210m for office tower in Chicago by Released The Howard Hughes Corp. (HHC) has sold its equity interest in 110 N. Wacker Drive, a 55-story, 1.5 million-square-foot class A office tower in Chicago, to Callahan Capital Partners and Oak Hill Advisors.
Transactions | Mar 31, 2022 Oak View Group acquires 25 acres in Las Vegas for $3b project by Andrea Zander Oak View Group, a global venue development, advisory and investment company for the sports and live entertainment industry, has acquired 25 acres for a newly planned entertainment district including an arena in Las Vegas.
Transactions | Mar 31, 2022 Partners Group invests in LogCap at €442m valuation by Released Partners Group has agreed to invest in LogCap, a last-mile logistics platform in Oslo, on behalf of its clients.
Research | Mar 31, 2022 Senior housing sector rebounds as investor interest grows by Andrea Zander Backed by strong long-term demand and increased investor interest, the senior housing sector is now fully in recovery mode.
Research | Mar 31, 2022 Rebound in Asia Pacific hotel investment signals sector’s growing appeal as inflation hedge: CBRE by Released Asia Pacific hotel investment staged a comeback in 2021, growing 46 percent year-over-year to reach $12.1 billion.
Research | Mar 31, 2022 Russia sanctions and the impacts of a possible energy embargo by Andrea Zander Sanctions have hit the Russian economy hard, following Russia’s invasion of Ukraine, but more measures are likely coming.
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.
