Transactions | Feb 23, 2021 Jamestown, Grubb Ventures to develop mixed-use destination in Raleigh, N.C. by Released Jamestown and Grubb Ventures, a developer based in Raleigh, N.C., have announced the start of construction on the first phase of Raleigh Iron Works.
Transactions | Feb 23, 2021 CBRE Group acquires 35% interest in Industrious by Released CBRE Group has acquired a 35 percent interest in Industrious, a flexible workspace firm, and is now Industrious’ largest shareholder.
People | Feb 23, 2021 Hines strengthens Asia Pacific presence in Japan and South Korea by Released Hines has plans to expand its presence in Japan and South Korea with several key appointments.
Research | Feb 23, 2021 Cushman & Wakefield report: Timing is money in the U.S. office market by Kali Persall Occupiers seeking to take advantage of “sweet spots” in the U.S. office market may need to move more quickly this time around than during the previous two recessions — the dot-com crash and global financial crisis — according to a recent report published by Cushman & Wakefield.
Transactions | Feb 22, 2021 BlackRock to sell industrial asset in Singapore to AEW by Kali Persall BlackRock is planning the sale of Admirax, a seven-story light industrial asset in Singapore, to AEW, sources with knowledge of the matter told Mingtiandi.
Transactions | Feb 22, 2021 CDL eyes majority stake in Shenzhen tech park by Kali Persall City Developments Ltd. (CDL) is planning to acquire an 84.6 percent combined interest in Shenzhen Tusincere Technology Park Development Co. from Sincere Property Group — its joint venture investment in China — and two entities of China Ping An.
Transactions | Feb 22, 2021 Aedifica adds four care homes in Finland to portfolio by Kali Persall Aedifica has invested €16 million ($19 million) in four care homes in Finland. This includes the acquisition of two fully functional care homes in Espoo and Laukaa, as well as the completion of two development projects in Oulu and Kempele.
People | Feb 22, 2021 Illinois SURS’ executive director steps down after nearly five years by Kali Persall Martin Noven, executive director of the Illinois State Universities Retirement System (SURS), has resigned his post after nearly five years, in pursuit of a new career opportunity.
Transactions | Feb 22, 2021 Union Investment awards property management contract for office asset in Germany by Kali Persall Berlin-based owner-managed medium-sized property manager Tattersall Lorenz has been awarded a technical and commercial property management contract for an office asset under construction in Bonn, Germany.
People | Feb 22, 2021 Aviva Investors names CIO of real assets business by Kali Persall Aviva Investors has appointed Daniel McHugh as CIO of its £47.3 billion ($66 billion) real assets business. This follows the January promotion of former real assets CIO, Mark Versey, to CEO.
People | Feb 22, 2021 Heitman bolsters Asia Pacific team with several new appointments by Kali Persall Heitman has expanded its Asia Pacific operations and leadership team with the new appointments of Zhuo (Raymond) Zhang as head of Greater China and Southeast Asia, and Brad Fu and Yunjung (Yun) Choi as co-directors of Heitman’s Asia Pacific private equity business.
Investors | Feb 22, 2021 Transwestern and Stanmore Partners to develop garden-style multifamily project in Texas by Kali Persall Transwestern Investment Group (TIG) and Stanmore Partners have joined forces to develop a 336-unit multifamily project in Round Rock, Texas.
Transactions | Feb 22, 2021 Nuveen Real Estate and Value One expand European student housing JV by Released Eagle JVCo, the investment platform established in 2019 between Vienna-based Value One and Nuveen Real Estate on behalf of its parent TIAA, has agreed to acquire a portfolio of purpose-built student housing and two development sites in Poland.
People | Feb 22, 2021 John Longo named head of property at Cbus by Kali Persall John Longo has been appointed as the new head of property at Cbus, one of Australia’s largest superannuation funds.
Transactions | Feb 22, 2021 Accor sells stake in China’s Huazhu Group for €239m by Kali Persall Accor has sold a 1.5 percent stake in Huazhu Group Ltd. (HTHT), a hotel management company in China, for €239 million ($289 million), bringing its total ownership in Huazhu to 3.3 percent.
Research | Feb 22, 2021 Self-storage continues strong performance in January by Released Self-storage continues to be a standout sector as real estate struggles with the fallout of the year-long pandemic.
Investors | Feb 22, 2021 Sherman Associates announces capital commitment from Almanac Realty Investors by Andrea Zander Sherman Associates and Almanac Realty Investors have formed a new partnership.
Research | Feb 19, 2021 U.S. hotel industry shows higher performance levels in January by Released The U.S. hotel industry showed higher performance levels from the prior month, according to January 2021 data from STR.
Fundraising | Feb 19, 2021 Bain Capital nears $1.6b fundraising target by Kali Persall Bain Capital Real Estate Fund II, a value-add fund managed by Bain Capital, has raised $1.1 billion against a $1.6 billion target, according to sources familiar with the matter.
Transactions | Feb 19, 2021 Aware Super to acquire 25% interest in Lendlease Retirement Living business by Released Lendlease today announced that one of Australia’s largest superannuation funds, Aware Super, had entered into an agreement to acquire a 25 percent interest in the group’s Retirement Living business.
