Transactions | Oct 28, 2020 CubeSmart to acquire $540m self-storage portfolio by Released CubeSmart has entered into an agreement to acquire a portfolio of eight self-storage properties in New York City from Storage Deluxe for $540 million.
Research | Oct 28, 2020 U.S. data center construction market to surge in next five years by Kali Persall The United States data center construction market is expected to see an annual growth rate of 9 percent in the next five years.
Research | Oct 28, 2020 ULI’s latest real estate economic forecast sees rebound by Released There will be economic growth from 2021–2022, and less of a slump for the rest of this year than was previously expected six months ago.
Transactions | Oct 28, 2020 Swire Properties to sell Quarry Bay office for $1.29b by Andrea Zander Swire Properties announced to the Hong Kong exchange that it has entered into discussions for the sale of Cityplaza One.
Research | Oct 28, 2020 Single-tenant drugstore properties surge by Released In the third quarter, national asking cap rates in the single-tenant drugstore sector increased to 6.39 percent.
Fundraising | Oct 28, 2020 Madison Realty Capital Debt Fund V edges closer to $1b by Kali Persall Madison Realty Capital Debt Fund V, a value-add real estate fund managed by Madison Realty Capital, is closing in on its fundraising target, a recent SEC filing has revealed.
Transactions | Oct 28, 2020 RPMI Railpen and First Base to develop €172m mixed-use Cambridge neighborhood by Andrea Zander RPMI Railpen, the investment manager for the £30 billion (€33 billion/$39 billion) U.K. railways pension scheme, and developer First Base have entered into a contract to acquire a £155 million (€171.5 million/$201 million) mixed-use neighborhood in Cambridge City Center.
People | Oct 28, 2020 New CEO joins Fresh Property Group by Andrea Zander Jeremy Fletcher has been named CEO of Fresh Property Group
Transactions | Oct 28, 2020 EfTEN Capital strikes largest logistics deal in Latvia since 2018 by Kali Persall EfTEN Capital, on behalf of its EfTEN Real Estate Fund 4, has agreed to acquire Bergi LC, a 50,000-square-meter (538,195-square-foot) logistics property in the Latvian capital of Riga.
Transactions | Oct 28, 2020 J.P. Morgan sells mixed-use development in Charlotte by Released J.P. Morgan Asset Management has sold Metropolitan Midtown, a premier mixed-use development featuring 342,233 square feet of office and retail space and a 1.3-acre development parcel in Charlotte, N.C.
Investors | Oct 28, 2020 New Mexico SIC commits $175m to two real estate funds by Kali Persall The New Mexico State Investment Council (SIC) unanimously approved two real estate commitments at its Oct. 27 board meeting.
Fundraising | Oct 28, 2020 Edmond de Rothschild’s latest industrial fund reaches €100m by Kali Persall The Edmond de Rothschild Euro Industrial Real Estate Fund (EIREF) has hit €100 million ($118 million).
Fundraising | Oct 28, 2020 New York Life Real Estate Investors closes real estate debt fund at almost $500m by Kali Persall New York Life Real Estate Investors (REI) has completed the final closing of its Madison Square Structured Debt fund with nearly $500 million in committed capital.
Transactions | Oct 28, 2020 GMH JV buys 672-bed mixed-used student-housing project by Released GMH Capital Partners (GMH) and AGC Equity Partners have acquired The Dean.
Research | Oct 28, 2020 Asia Pacific retail activity continues to normalize by Released Asia Pacific retail activity continues to normalize, according to CBRE Asia Pacific Research.
Transactions | Oct 28, 2020 Asian investor makes €123m prime central London office purchase by Released M&G Real Estate has purchased Fleet Place House.
Transactions | Oct 28, 2020 GMH JV buys 672-bed mixed-used student-housing project by Released GMH Capital Partners (GMH) and AGC Equity Partners have acquired The Dean, a 672-bed, mixed-use student-housing project in Champaign, Ill.
Investors | Oct 27, 2020 Plymouth Industrial REIT forms $150m equity JV with Madison International Realty by Released Plymouth Industrial REIT has formed a $150 million equity joint venture with Madison International Realty.
Transactions | Oct 27, 2020 Bell Partners fund acquires two apartments in Florida by Released Bell Partners has acquired The Cade and The Lumin, two apartment communities in Boca Raton, Fla., on behalf of its Fund VII investors.
Investors | Oct 27, 2020 Houston Police Pension invests in Starwood fund by Kali Persall The $5.6 billion Houston Police Officers Pension System has committed $35 million to an opportunistic real estate fund managed by Starwood Capital Group.
