Newsline

After a brief summer break, Chase McWhorter, managing director, Americas, at Institutional Real Estate, Inc., interviewed Iri Amirav, co-CEO at JLL Asset Beacon, for the fall series of Asset Management In Focus.

In an IREI exclusive interview, Richard Wagman, managing partner, and Jonathan Nachmani, president of Madison Capital, discuss why the firm-maintained conviction in San Francisco through the downturn, what it believes the broader market overlooked and how previous real estate cycles are shaping its investment strategy today.

Global Holdings, the international real estate development and investment firm led by chairman and founder Eyal Ofer, announced the refinancing of 120 Park Avenue, its 620,000-square-foot trophy office tower located steps from Grand Central Terminal on Park Avenue in midtown Manhattan.

Canada’s retail vacancy rate is expected to hold relatively steady near 2.5 percent over the next year as the sector continues to absorb the fallout from the closure of Hudson’s Bay stores, according to a new forecast from CoStar Group, a global provider of online real estate marketplaces, information and analytics in the property markets.

Tanenbaum Equity Partners (TEP), a Dallas-based commercial real estate investment firm specializing in government-leased properties, announced the successful recapitalization of TEP Government Holdings, its nationwide government-leased real estate portfolio.

Savills Investment Management (Savills IM), the international real estate investment manager, has sold the fully let mixed-use retail and office property Absalons Gaard in central Copenhagen to PensionDanmark.

In this interview, Dan Haroun and Max Heiden, co-founders of Catalyst Investment Partners, discuss what makes an IOS asset attractive to institutional investors, why flexibility and supply constraints remain central to the firm’s strategy, how growing power requirements are affecting the sector and what the expansion of institutional debt capital indicates about the maturation of IOS.

Martley Capital Group has launched Amber, a new joint venture backed by institutional capital, established to acquire last mile and urban industrial assets across Poland.

GLP has commenced development of a new hyperscale data center campus in Foshan, China.

The Asia Pacific Data Centre Association (APDCA) has launched a new white paper titled “Data centers as catalysts for infrastructure modernization in APAC,” highlighting how data centers are helping to strengthen the energy and water systems needed to support Asia-Pacific’s future development.

Rockpoint and Newbond Holdings, a real estate and hospitality-focused investment platform, have acquired Hotel Maren Fort Lauderdale, Curio Collection by Hilton.

The Philippines’ Social Security System (SSS) has increased its allocation to real estate and properties to 12 percent of total assets under management as of the end of July, according to Asia Asset Management.

ESR Kendall Square has sold Pyeongtaek Logistics Park to a Samsung SRA Asset Management vehicle backed by South Korea’s National Pension Service for KRW 343 billion ($252.6 million), according to Mingtiandi.

The Ohio Police and Fire Pension Fund (OP&F) has committed $75 million to Chicago Pacific Founders Healthcare Real Estate Fund IV.

The Illinois Municipal Retirement Fund (IMRF) has committed $120 million to real estate funds, including strategies managed by Artemis, Arc Capital and Chicago Pacific Founders.

The Montana Board of Investments (MBOI) has committed $100 million to real estate funds over-seen by DRA Advisors and Marcus Partners.

Walker & Dunlop has arranged $390 million in construction financing for Park Tower, a new class A mixed-use multifamily development in Jersey City’s Journal Square neighborhood.

Eureka Group is set to acquire six lifestyle and mixed-use communities from Ingenia Communities for A$123.8 million ($89.17 million), according to Inspirepreneur Magazine.

Bouwinvest Real Estate Investors is extending its established multi-client model to international real estate, bringing its global investment platform to a broader group of institutional clients alongside its long-standing role managing international real estate investments for bpfBOUW. The move brings together more than two decades of international investing with Bouwinvest’s multi-client experience in the Netherlands, where it already serves more than 35 institutional clients.