Research | Jul 24, 2020 Nuveen Real Estate: The office is dead. … Long live the office by Andrea Zander Throughout the global COVID-19 pandemic, real estate news has been dominated by what it will mean for the future of offices, with media outlets speculating that occupiers will be ridding themselves of now “redundant” prime real estate, keeping their workforce at home and saving money in the process, according to Nuveen Real estate.
Transactions | Jul 24, 2020 GLP global leasing activity up 41% y-o-y by Released GLP announced strong global leasing performance in first half 2020, signing approximately 8.9 million square meters (96 million square feet) of lease agreements over the past six months, up more than 41 percent year-on-year.
Transactions | Jul 24, 2020 San Francisco office hits market with $250m price tag by Andrea Zander San Francisco–based Union Bank is planning a sale-leaseback transaction for its 297,642-square-foot office building in San Francisco located at 350 California St.
Transactions | Jul 24, 2020 New Harrison Street and Cortland JV to develop rental housing in U.K. by Released Harrison Street and Cortland have formed a joint venture with plans to develop a 367-unit build-to-rent residential property in Watford, United Kingdom.
Research | Jul 24, 2020 COVID-19 causes sharp drop in Q2 office demand, as expected by Released COVID-19’s full impact on the U.S. office market was evident in second quarter 2020, with the largest quarterly drop in demand since 2001.
Research | Jul 24, 2020 Office space offered for sublease in largest U.S. markets increases amid pandemic by Released The amount of office space offered for sublease in the 10 largest U.S. office markets has increased by 12 percent since the COVID-19 pandemic forced a shutdown of local economies in March, according to CBRE.
People | Jul 24, 2020 Union Investment Real Estate appoints new CEO by Released Union Investment Real Estate GmbH has appointed Michael Bütter to chairman of the management board (CEO) and head of the real estate segment.
Research | Jul 24, 2020 REIT industry rent collection shows continued improvement in July by Released Re-openings in many parts of the country beginning in May continue to have a positive economic impact on REIT rent collection, NAREIT found in its fourth monthly survey of REIT rent collections.
Transactions | Jul 24, 2020 CBRE Caledon expands digital real assets portfolio with investment in 12 vantage data centers stabilized assets by Released CBRE Caledon Capital Management has acquired a significant minority stake in a newly formed platform that contains 12 North American stabilized operating assets of Vantage Data Centers, a leading global provider of hyperscale data center campuses.
Transactions | Jul 24, 2020 RD Management breaks ground on 100-acre project in Florida by Released RD Management has broken ground on the first of several office building projects planned for its recently renamed, Rithm at Uptown in Tampa, Fla.
Transactions | Jul 24, 2020 Hampshire Pension Fund buys London office asset from Canada Life by Andrea Zander Canada Life Investments has sold the Superunion building in Farringdon, London, for £29.6 million (€32.5 million/$37.8 million).
Transactions | Jul 23, 2020 Keppel expands into the fast-growing data center market in China by Released Alpha Data Centre Fund (Alpha DC Fund), through its wholly-owned subsidiary, has entered into an agreement to acquire 100 percent shareholding interest in Huizhou Bike Property Co. (Huizhou Bike), which is a fully-owned subsidiary of Country Garden Holdings Co.
Research | Jul 23, 2020 Majority of Asia Pacific employees eyeing office return by Released Employees across Asia Pacific have adapted to extensive work from home arrangements, but most are eager to return to the office.
Transactions | Jul 23, 2020 Fragrance Group places $514m Singapore office tower on the market by Andrea Zander Singapore-based property developer Fragrance Group has plans to sell its 29-story office tower near the Raffles Place central business district.
Fundraising | Jul 23, 2020 Kayne Anderson seeks $2b for sixth Partners real estate fund by Kali Persall Kayne Anderson Capital Advisors is targeting $2 billion for its newly launched fund.
Investors | Jul 23, 2020 New Hampshire Retirement System earmarks $100m for private real estate in FY2021 by Kali Persall New Hampshire Retirement System (NHRS) is planning $100 million in real estate investments in fiscal year 2021, IREI has learned.
Investors | Jul 23, 2020 Amid pandemic, Fed support maintains liquidity in real estate capital markets by Loretta Clodfelter The COVID-19 pandemic has brought widespread economic disruption and introduced uncertainty in the real estate capital markets over the past several months, similar to most other industries.
Fundraising | Jul 23, 2020 Schroders’ debut hotel fund closes in on fundraising target by Kali Persall Schroders has raised €425 million ($491 million) in equity commitments to date for its debut hotel fund.
Transactions | Jul 23, 2020 Marriott continues to strengthen presence in Asia Pacific by Andrea Zander Marriott International has opened JW Marriott Nara in Japan. Notably, the 158-room hotel marks the opening of the first JW Marriott brand property in Japan.
Transactions | Jul 23, 2020 Singapore office building on the block for $252m by Andrea Zander Financially troubled Pacific International Lines, one of Singapore’s largest container shipping companies, has plans to put its office building near the city’s Raffles Place central business district.
