Research | May 14, 2021 Global real estate transactions total $187b in Q1 2021, a 13% drop by Andrea Zander Globally, real estate transaction volumes totaled $187 billion during first quarter 2021, marking a 13 percent decline year-on-year.
Research | May 14, 2021 Q1 real estate investment volume falls 27.6% year-over-year by Andrea Zander First quarter real estate investment volume in the United States fell by 27.6 percent year-over-year to $92.4 billion.
Investors | May 14, 2021 Unibail-Rodamco Westfield pushes for entertainment retail in properties by Andrea Zander Unibail-Rodamco Westfield (URW) has signed a host of new retailers across leisure, dining, entertainment and fashion, showcasing the breadth of offerings across the flagship destinations, which together attracted more than 4.2 million visitors in the first month since reopening.
People | May 14, 2021 CIO of SL Green to depart by Released SL Green Realty Corp. has announced David Schonbraun, CIO of the REIT, will be leaving the company by the end of second quarter 2021.
Research | May 14, 2021 Progress toward recovery varies significantly among multifamily sectors in the U.S. by Released The latest report from proptech firm MRI Software reveals significant differences in key indicators of recovery across multifamily sectors.
Transactions | May 14, 2021 AXA IM Alts agrees forward funding for U.K. development by Released AXA IM Alts has signed a £20.6 million (€23.9 million/$29.0 million) forward-funding agreement.
Transactions | May 14, 2021 PATRIZIA sell portfolio of 22 noncore residential properties by Released PATRIZIA AG has sold a portfolio of 22 noncore residential properties.
People | May 14, 2021 PS Business Park COO resigns by Released John “J.P.” Petersen will resign as executive vice president and COO of PS Business Parks, serving since 2004.
Transactions | May 14, 2021 Ergo Real Estate acquires four major industrial projects by Released Ergo Real Estate has completed four key industrial schemes across the United Kingdom.
Research | May 14, 2021 Industrial market continues to attract attention by Loretta Clodfelter U.S. industrial properties have seen leasing and sales velocity exceed pre-pandemic levels, as changes wrought by COVID-19, as well as investors’ flight to safety, have accelerated pre-existing trends in the segment.
Transactions | May 13, 2021 Hines completes largest open-air shopping center sale by Andrea Zander HGR Liquidating Trust, a fund sponsored by Hines, has sold RIM, the most visited mixed-use, open-air shopping center in Texas.
Research | May 13, 2021 Office space in Bangkok continued to increase steadily by Andrea Zander At the end of first quarter 2021, the supply of office space in Bangkok continued to increase steadily to 9.098 million square meters (97.93 million square feet).
People | May 13, 2021 QuadReal names managing director, Americas by Released QuadReal Property Group has named Jameson Weber as managing director, international real estate, Americas.
People | May 13, 2021 Allianz Real Estate appoints head of acquisitions for Japan by Andrea Zander Allianz Real Estate has appointed of Daisuke Noguchi as head of acquisitions for Japan and Dean Kwon as head of finance for the APAC region.
Investors | May 13, 2021 Embassy Group invests in proptech fund by Andrea Zander Real estate developer Embassy Group has invested in proptech-focused venture capital firm Pi Labs.
Transactions | May 13, 2021 Hysan Development Co. JV pays $2.6b for site in Hong Kong’s Causeway Bay by Released Hysan Development Co., in partnership with Chinachem Group, has successfully tendered for the commercial site at Caroline Hill Road, Causeway Bay, Hong Kong.
Transactions | May 13, 2021 JR AMC buys $140m stake in N.Y. office building by Andrea Zander South Korea–based JR AMC Co. has signed a $140 million agreement to buy a 49.9 percent stake in a New York office building.
Transactions | May 13, 2021 United Properties and PCPP form $165m JV platform partnership by Andrea Zander United Properties has formed a $165 million joint venture with PPP for an 11-building industrial portfolio.
Research | May 13, 2021 NYC leads as market with the most hotel projects by Andrea Zander According to research published by Lodging Econometrics in its LE’s Construction Pipeline Trend Report for the United States, the total U.S. construction pipeline stands at 4,967 projects/622,218 rooms at the end of first quarter 2021.
Transactions | May 13, 2021 Blackstone Group, TruAmerica buy 5,800 apartments in San Diego by Andrea Zander Blackstone Group, in partnership with TruAmerica, plans to acquire 66 multifamily communities in San Diego County.
