Research | Aug 29, 2019 Are Californians staying or leaving? by Andrea Zander California dreaming. The tale of moving to the West Coast. However, recent reports indicate Californians are packing up and leaving. Approximately 38,000 more people left California than entered it in 2018, according to the U.S. Census. This is the second straight year that migration to the state was negative. And the expectations are the exodus trend will continue. While the numbers are “minimal,” it’s a trend generating lots of open forums on social media and table talk.
Investors | Aug 29, 2019 New Mexico SIC approves $125m commitment, renews RVK as general consultant by Kali Persall The $25.8 billion New Mexico State Investment Council (SIC) voted to approve a $125 million commitment to a fund managed by Clarion Partners.
People | Aug 29, 2019 Kilroy Realty announces management change by Released Kilroy Realty Corp. has announced that Tracy Murphy, Kilroy Realty’s executive vice president, Life Science, has resigned.
Research | Aug 29, 2019 Real estate industry makes significant progress in reducing carbon emissions by Andrea Zander The real estate industry has made significant progress over the past 10 years in reducing carbon emissions and energy consumption while increasing asset value, according to a new report from the Urban Land Institute.
Research | Aug 29, 2019 Europe still top destination for Asian outbound capital by Kali Persall Europe remained the top destination for Asian outbound capital in the first half of 2019, according to the latest report from global real estate adviser CBRE. In first half 2019, 37 percent of total outbound Asian investment targeted EMEA, totaling $7.2 billion, compared to $10.7 billion from the previous year.
Investors | Aug 28, 2019 Embassy Group to enter co-living business in India by Andrea Zander EPDPL Co-Living Pvt. Ltd, part of Bengaluru-based property developer Embassy Group, plans to build co-living facilities in India.
Transactions | Aug 28, 2019 Audley Group establishes joint venture to deliver four new retirement villages by Released Audley Group has formed a joint venture with the real estate arm of Schroders and Octopus Real Estate to fund the development of four sector-leading retirement villages in the United Kingdom.
Fundraising | Aug 28, 2019 Flexible workspace provider completes $400m financing by Andrea Zander Knotel, a flexible workspace provider, has completed a $400 million financing, led by Wafra, an investment arm of the Sovereign Wealth Fund of Kuwait.
Transactions | Aug 28, 2019 L&G developer to deliver 300 new senior homes in England by Kali Persall Legal & General’s new operator and developer of senior housing in the United Kingdom, Guild Living, has purchased a prime 2.5-acre town center site in Walton-on-Thames in England, the company announced Aug. 28.
Research | Aug 28, 2019 U.S.-China trade dispute makes Asian logistics occupiers more cautious toward expansion by Andrea Zander Escalating economic uncertainty, the U.S.-China trade dispute and disappointing manufacturing sector data have prompted logistics occupiers to become more cautious toward expansion, according to CBRE’s Asia Pacific Real Estate Market Outlook 2019.
Research | Aug 28, 2019 Elite college football programs drive more capital to student housing by Released Student housing linked to universities with elite football programs attract the best pricing and greatest demand from investors, drawn by the large and consistent enrollments, as well as the stable cash flows that these properties offer, according to the latest analysis from CBRE.
People | Aug 28, 2019 BlackRock’s Greg Lapham resigns by Kali Persall After serving almost six years as BlackRock’s managing director and CIO for Asia Pacific, Greg Lapham is leaving the firm to pursue other opportunities.
Research | Aug 27, 2019 CEE data center market to grow by Released The Central and Eastern Europe (CEE) data center market is likely to grow at a CAGR of over 5 percent during the period 2018–2024, according to a report by ReportLinker.
Research | Aug 27, 2019 Investment activity in the U.K. weakened in H1 2019, study says by Kali Persall Investment activity in the United Kingdom suffered in the first half of the year as overall volumes dropped to £19.8 billion ($24.2 billion), a 32 percent decline year-over-year, according to a new real estate outlook by UBS-AM Real Estate & Private Markets.
Transactions | Aug 27, 2019 Investec originates £25m loan for niche residential developer in U.K. by Kali Persall Investec Structured Property Finance has provided James Taylor Homes, a niche residential developer focused on creating high-quality homes in London, with a £25 million ($30 million) loan.
Research | Aug 27, 2019 CBRE report: U.S. data center leasing on pace to exceed 2018’s record by Andrea Zander Driven by demand from large cloud and enterprise users, U.S. data center leasing is on pace to exceed 2018’s record level, according to CBRE’s U.S. Data Center Trends Report.
Fundraising | Aug 27, 2019 PGIM secures $591.1m for sixth senior housing fund by Kali Persall PGIM Real Estate has raised $591.1 million for its sixth senior housing fund.
Transactions | Aug 27, 2019 M7 Real Estate completes first project in Northern Ireland by Kali Persall M7 Real Estate has completed its first project in Northern Ireland, a grade A office project in the heart of Belfast’s CBD, the firm reported today.
Research | Aug 27, 2019 Singapore attracts more and more foreign capital by Andrea Zander Singapore has been a market of interest these past few months. Cushman & Wakefield concluded the country is a top destination due its stable political environment and relatively strong office rental for U.S. and Hong Kong investors.
People | Aug 27, 2019 APAC Real Estate veteran establishes Japan-focused investment advisory platform by Released Craig Pearce, who has two decades of industry experience in Asia Pacific, has established a real estate investment consultancy firm, Nikota Capital.
