Transactions | Apr 21, 2022 Harbor Custom Development to sell six multifamily projects for $278m by Released Harbor Custom Development has listed six Western Washington apartment projects totaling 734 units for a combined value of $278 million with Kidder Mathews, a brokerage firm on the West Coast.
Investors | Apr 21, 2022 New York State Comptroller urges companies to address climate change investment risks by Kali Persall New York State Comptroller Thomas DiNapoli said companies are taking action to address investment risks posed by climate change, as a result of recent shareholder proposals filed on behalf of the New York State Common Retirement Fund (NYSCRF).
Transactions | Apr 21, 2022 SL Green pays $445m for Midtown Manhattan office by Andrea Zander SL Green Realty Corp. has entered into a contract to purchase 450 Park Ave. in Midtown Manhattan.
Transactions | Apr 21, 2022 M&G acquires 97% stake in Korean office for $215m by Andrea Zander M&G Real Estate has acquired a class A office building in Bundang, South Korea.
People | Apr 21, 2022 Mary Beth McCormick joins advisory board of Citymark Capital by Released Citymark Capital announced that Mary Beth McCormick has been appointed to its advisory board.
Fundraising | Apr 20, 2022 Capital Square launches CSRA Opportunity Zone Fund VII by Andrea Zander The project-specific opportunity zone fund will raise capital to develop approximately 350 apartment units in the Scott’s Addition neighborhood of Richmond, Va.
Transactions | Apr 20, 2022 LPC partners with DivcoWest for office tower in Austin by Released Lincoln Property Co. (LPC) and co-developer Phoenix Property Co. have partnered with DivcoWest to develop The Republic, an 833,000-square-foot landmark office tower in downtown Austin.
Investors | Apr 20, 2022 San Jose pension funds put more than $50m in real estate by Kali Persall Two San Jose (Calif.) pension funds have committed more than $50 million to two real estate funds, representing new manager relationships.
Fundraising | Apr 20, 2022 RedTree Capital closes its first fund above target by Kali Persall RedTree Capital has closed its RedTree French Fund I with €260 million ($280 million) of equity commitments, surpassing its fundraising target of €250 million ($270 million).
Investors | Apr 20, 2022 Kentucky TRS commits to Angelo, Gordon & Co., TA Realty, Landmark Partners funds by Kali Persall The Teachers' Retirement System (TRS) of Kentucky has approved three commitments of $65 million each to funds managed by Angelo, Gordon & Co., TA Realty and Landmark Partners.
Research | Apr 20, 2022 Booming U.K. film and TV industry must double studio space within five years to meet demand by Released The United Kingdom will need an additional 6 million square feet of film and television production space by 2026 if the sector is to keep pace with growing demand, according to Knight Frank.
Transactions | Apr 20, 2022 Trammell Crow Co. achieves planning permission for former Arcadia site in Milton Keynes by Released Trammell Crow Co. (TCC) has been granted planning permission from Milton Keynes Council to develop a 19.4-acre logistics site, that will comprise three class A speculative logistics buildings totaling approximately 340,000 square feet, at Merton Drive, Milton Keynes, the former home of the Arcadia distribution center.
Transactions | Apr 20, 2022 AXA IM Alts pays €470m for 1.9msf logistics portfolio by Released AXA IM Alts has acquired an approximately £391 million (€470 million/$510 million) prime U.K. logistics portfolio, from a joint venture between Goldman Sachs and Canmoor.
Research | Apr 20, 2022 First quarter closes with nearly $19b in nationwide office sales by Released Nationally, $18.9 billion in office sales were recorded in the first quarter of 2022, according to CommercialEdge.
Research | Apr 19, 2022 Elion reports supply chains continue to be stressed post-pandemic by Loretta Clodfelter Global supply chains are being disrupted by four new post-pandemic factors, according to a new Supply Chain Outlook report from Elion.
Investors | Apr 19, 2022 Hines creates Global Digital Strategy Office by Released Hines announced the creation of a Global Digital Strategy Office (GDSO) and the promotion of three leaders to establish the department.
Transactions | Apr 19, 2022 Mark Goodman & Associates plans for 16-story life sciences hub in Chicago’s Fulton Market by Released Mark Goodman & Associates (MGA) has closed on the acquisition of an approximately 1.5-acre parcel of land at 400 N. Elizabeth St. in Chicago’s Fulton Market neighborhood.
People | Apr 19, 2022 AXA IM Alts appoints Stephan Ackermann as head of client group, North America by Released AXA IM Alts has appointed Stephan Ackermann to the newly created role of head of client Group, North America.
Transactions | Apr 19, 2022 Greystone teams up with Cushman & Wakefield for affordable housing portfolio transaction by Released Greystone has closed $67.45 million in bridge financing secured by a portfolio of five multifamily properties on behalf of Conquest Housing and BLVD Communities, the sponsor.
People | Apr 19, 2022 Ashford announces planned departure of executive by Released Ashford announced that Jeremy Welter, its president and COO, will be leaving the company.
