Transactions | Jul 6, 2020 Qianhai Authority acquires new substantial shareholder of BHG Retail REIT by Released Qianhai Authority, a statutory body of Qianhai Cooperation Zone in China, has, through its wholly owned subsidiary, Qianhai International Holdings, has emerged as a new substantial shareholder of BHG Retail REIT.
Transactions | Jul 6, 2020 Hines partners with DNR to enter Bangalore office sector by Released Hines has entered a Bangalore, India, office development through a tie-up with DNR Group.
Investors | Jul 6, 2020 ESR forms JV with Canadian insurer Manulife and PGGM by Andrea Zander ESR has formed a core joint venture for industrial assets in China with Canadian insurer Manulife and PGGM.
Fundraising | Jul 6, 2020 PATRIZIA closes latest value-add fund at €750m by Kali Persall PATRIZIA has completed a final close of its flagship discretionary value-add fund.
Transactions | Jul 6, 2020 Nuveen Real Estate purchases office development on behalf of its European Cities strategy by Released Nuveen Real Estate has finalized its acquisition of Cube Berlin.
Research | Jul 6, 2020 Asia Pacific: Regional travel remains at standstill by Andrea Zander CBRE retains its forecast of a global recession in 2020, with a sharp downturn in second quarter 2020 and the start of a rebound in the third quarter 2020.
Transactions | Jul 6, 2020 Supermarket Income REIT acquires portfolio of Waitrose Supermarkets by Released Supermarket Income REIT has acquired a portfolio of supermarkets via a sale-leaseback transaction with Waitrose & Partners for £74.1 million (€81.7 million/$92.6 million).
People | Jul 6, 2020 Principal Real Estate Investors hires John Kropke to lead REOC business by Released Principal Real Estate Investors announced today the hiring of John Kropke as managing director of its U.S. and European real estate operating company (REOC) line of business.
Transactions | Jul 6, 2020 Residential Secure Income secures €331m debt facility from Universities Superannuation Scheme by Released Residential Secure Income (ReSI), which invests in affordable shared ownership, retirement and local authority housing, has entered into a new £300 million (€331 million/$376 million), ultra-long-term secured debt facility.
Research | Jul 6, 2020 U.S. adds 4.8m jobs in June, remains 14.7m jobs below February levels by Loretta Clodfelter The U.S. economy brought back 4.8 million jobs in June and the unemployment rate declined to 11.1 percent, reflecting continued resumption of economic activity, according to the Bureau of Labor Statistics.
Build back better by Kiran Patel In 2020, we look ahead to what some have dubbed the “decade of delivery”. The focus has firmly shifted from statements of sustainable intent to tangible improvements that are critical to addressing global and local sustainability challenges.
Research | Jul 6, 2020 Construction of U.S. self-storage space still booming, but rents are suffering by Mike Consol An analysis of more than 380 metro areas has found the United States has added 190 million square feet of self-storage space during the past five years.
Transactions | Jul 6, 2020 Kaufman, Silverstein and Bedrock unveil $2b mixed-use development in Queens by Andrea Zander Kaufman Astoria Studios, Silverstein Properties and Bedrock Real Estate Partners have unveiled their $2 billion plan, Innovation QNS, in Astoria, Queens, N.Y.
Five trends that will affect affordable housing in second half 2020 by Loretta Clodfelter The COVID-19 pandemic, and the efforts to contain the virus, introduced mass unemployment and economic uncertainty. Such a situation has particular significance for the affordable housing sector.
Transactions | Jul 6, 2020 Round Hill Capital acquires portfolio, launches New Dutch residential investment strategy by Released Round Hill Capital has acquired a portfolio of residential property assets in city-center locations in the Netherlands through its new Dutch residential investment strategy.
Transactions | Jul 6, 2020 Kennedy Wilson completes construction of largest multifamily community in Ireland by Released Kennedy Wilson and its partner announced the completion of the third phase of Clancy Quay, adding 246 new units to the largest multifamily community in Ireland.
Affordable housing: ESG, investors and impact by Denise DeChaine Recently, there has been in increase in capital allocations to affordable housing, especially from institutions, and one of the reasons is that institutions are realizing there is a definitive need for and a lack of affordable housing in high-cost areas in the United States.
Transactions | Jul 6, 2020 Brooklyn apartment portfolio sells for $302m by Andrea Zander David Werner Real Estate Investments has agreed to pay $302 million for a portfolio of 68 apartment buildings in Brooklyn, N.Y.
Fundraising | Jul 2, 2020 Angelo, Gordon & Co.’s latest fund surpasses $1.2b target by Kali Persall Angelo, Gordon & Co. has raised more than $1.5 billion in equity commitments for its latest European real estate fund, AG Europe Realty Fund III. The fundraise exceeded the fund’s $1.2 billion target and hit its hard cap, according to Angelo, Gordon & Co.
Investors | Jul 2, 2020 Indiana Public Retirement System backs three real estate funds by Kali Persall The Indiana Public Retirement System (INPRS) has disclosed $175 of real estate commitments.
