Transactions | Jun 30, 2021 Jonathan Rose, L+M Development, Acacia secure $223m for mixed-use project by Released Jonathan Rose Cos., L+M Development Partners and Acacia Network have received $223 million in financing for the second and final phase of Sendero Verde, an affordable housing project in the East Harlem neighborhood of New York City.
Transactions | Jun 30, 2021 BRT Apartments Corp. to sell two multifamily properties for $226m by Andrea Zander BRT Apartments Corp. has plans to sell two multifamily properties, both of which are owned by an unconsolidated joint venture, for approximately $226 million.
Fundraising | Jun 30, 2021 Cbus Super brings in $140m for social and affordable housing in Australia by Kali Persall Cbus Super, Australia’s building and construction industry super fund, has received $51 million in allocations in two recent National Housing Finance and Investment Corp. (NHFIC) funding rounds.
Fundraising | Jun 30, 2021 Mesirow Financial Real Estate Value Fund IV closes at $750m by Kali Persall The Mesirow Financial Real Estate Value Fund IV has reached its fundraising hard cap of $750 million.
Research | Jun 30, 2021 Race for life sciences lab space heats up in first half of 2021 by Andrea Zander Life sciences lab space has emerged as a coveted sector of commercial real estate as hefty increases in funding and employment have fueled both demand for lab space and construction of it in leading U.S. life sciences markets, according to a new report from CBRE.
Fundraising | Jun 30, 2021 San Francisco’s Rubicon Point Partners closes creative office fund at $232m by Kali Persall San Francisco–based Rubicon Point Partners has completed a final close of its inaugural commingled fund, Rubicon First Ascent.
People | Jun 30, 2021 OP&F appoints Mary Beth Foley as executive director by Kali Persall Mary Beth Foley was selected as the eighth executive director of the Ohio Police & Fire Pension Fund (OP&F), following a national search.
Transactions | Jun 30, 2021 Trammell Crow, Clarion to develop 1.1msf build-to-suit facility for Ace Hardware in Jefferson, Ga. by Released Trammell Crow Co. and its joint venture partner Clarion Partner have plans to develop a new distribution center.
Transactions | Jun 30, 2021 Hines European core fund secures new acquisition in Germany by Released Hines has acquired a major new asset on behalf of the Hines European Core Fund (HECF).
Transactions | Jun 30, 2021 Savills IM adds $218m of assets to Japanese residential portfolio by Andrea Zander Savills Investment Management (Savills IM) has secured a further $218 million of acquisitions for its Japanese residential strategy.
Transactions | Jun 30, 2021 GTIS Partners sells $300m single-family rental portfolio by Andrea Zander GTIS Partners has sold a 1,081 single family home rental portfolio.
Transactions | Jun 30, 2021 Ascentris and Foundry Commercial sell Florida industrial property by Released Ascentris has sold Lakeside Logistics.
Research | Jun 30, 2021 U.K. retail space requirements to decline but physical stores will remain vital for many sectors by Released The pandemic has accelerated the growth of ecommerce in the United Kingdom, with online sales increasing by 44 percent in 2020 and total online penetration reaching 26 percent, up from 18 percent pre-pandemic, according to CBRE.
Patience and prudence by Marek Handzel Retail is close to finding a floor in the UK, with continental Europe close behind it. In its 2021 Global Outlook report, PGIM Real Estate has said that retail’s sharp value adjustment could soon come to an end in the UK, leading to opportunities to invest in a stabilisation and eventual recovery.
Eastern promise by Marek Handzel International investors are shifting their focus to the Polish housing market, says Pepijn Morshuis, CEO of Trei Real Estate.
Remote connections by Marek Handzel Have lockdowns made virtual due diligence of assets an acceptable practice? Chris Anderson looks into the matter, finding the technology has kept the real estate investment industry going during the COVID-19 crisis.
Robust characteristics by Marek Handzel Non-listed real estate continues to argue its powerful case, says Iryna Pylypchuk is director of research and market information at INREV.
Climate-friendly construction by Alex Dunn Climate change continues to shape the values, choices and investment decisions of the real estate industry. Asset owners and tenants, in particular, are acknowledging that they will be judged on the performance of the buildings they own and occupy, while simultaneously, investors are increasingly pushing to see that their capital is being used in more sustainable ways.
Defensive moves by Marek Handzel We live in strange and unprecedented times. It is natural, therefore, for investors to target sectors and assets that provide high-certainty, low-volatility income streams. But is there a danger that many of today’s “safe” investments — by virtue of their very popularity — will become tomorrow’s risk-laden allocations?
Understanding climate risk by Will Robson Increasingly, investors and managers recognise that they need to engage with their various stakeholders over climate-risk exposure. However, there are still two hurdles holding back progress in carbon footprint exposure reporting.
