Newsline

JLL Hotels & Hospitality Group and Ecclesia Asset Management, a Singapore-based private equity real estate firm, announced they have jointly advised on the sale of a 16-hotel portfolio in Kyoto to an undisclosed institutional investor.

Preservation Equity Fund Advisors (PEF Advisors), a real estate private equity group focused on preserving existing affordable housing in high-cost markets, announced the recent acquisition of Belmont Villas, a 164-unit apartment community located in West Babylon, N.Y.

LaSalle Investment Management, the global real estate investment manager, announced that it has hired Russell Ginise as executive managing director, portfolio management, and Kyle Winning as senior managing director, portfolio management, effective April 1.

Robbie Campo has been appointed CEO of HESTA, a A$100 billion ($71 billion) superannuation fund, effective August 2026, following a thorough search and interview process with candidates.

Arrow Global Group, a pan-European investment manager in private credit and real estate, announced that Carla Langerhorst has been promoted to managing director in the firm’s client and product solutions team, effective immediately.

Walker & Dunlop announced that it originated $1.719 billion in loan proceeds to refinance 12,955 units of predominantly workforce and affordable housing in 52 assets across 10 states for Starwood Capital.

Clearwater PACE , a subsidiary of AXCS Capital Inc., a Commercial Property Assessed Clean Energy (C-PACE) platform, announced the initial close of an up to $300 million C-PACE financing vehicle with capital provided by Ares Alternative Credit funds.

KingSett Capital, on behalf of KingSett Real Estate Growth LP No. 8 and other investors, and Choice Properties REIT announced that they have agreed to acquire First Capital REIT in a unit and cash transaction valued at approximately C$9.4 billion ($6.9 billion, including the assumption of certain debt.

Landmark Properties, a fully integrated real estate investment management firm specializing in the development, construction, acquisition and operation of high-quality residential communities, has announced the final close on the Landmark Sponsor Fund, which closed at $300 million, exceeding its initial $200 million target.

No serious investor would expect a screwdriver to turn a bolt or a wrench to drive a screw. Each tool is designed for a specific task. Used correctly, both are indispensable. Used interchangeably, both are inefficient — and occasionally damaging.

The commercial real estate credit market has shifted from an environment defined by low-cost capital to one shaped by higher interest rates, tighter lending standards and more selective capital deployment.

LaSalle Investment Management, the global real estate investment manager, announced a strategic leadership transition in Asia Pacific, with Steve Hyung Kim assuming the role of head and CIO of the region effective May 1, 2026.

CapitaLand Investment Limited (CLI), a global real asset manager, has achieved final close of the CapitaLand Asia Pacific Credit Program II (ACP II), reflecting continued investor demand for senior secured, asset-backed real estate credit strategies.

Knight Frank has appointed Max Cergneux as head of hospitality within its European Cross-Border Capital Markets team

Nuveen Real Estate’s European Cities strategy has completed three acquisitions across Spain and France, marking a significant step in its diversification objectives, underpinned by the structural megatrends shaping European real estate.

CBRE Investment Management (CBRE IM) announced that Paul White will join the firm as head of the CBRE Europe Value Partners series, the firm’s flagship value-add strategy in EMEA.

Chesterford Research Park, owned by Aviva Investors, the global asset management business of Aviva plc, in partnership with Uttlesford District Council, has reached practical completion of the construction of more than 56,000 square feet of additional facilities for life science companies.

a&o Hostels, a European hostel chain with approximately 30,000 beds under management, has completed an €874 million ($1.03 billion) refinancing facility provided by funds managed by Apollo, secured against its portfolio of 44 high-performing hostels located across 32 of Europe’s leading business and leisure hubs.

Lingerfelt, a vertically integrated real estate investment management firm, and Partners Group, a firm in the global private markets industry, announced the sale of their 1.16 million square foot WalthallNorthlake Industrial Portfolio.

There is a significant opportunity in the office sector, including outside of major coastal markets, according to Marcel Arsenault, CEO and founder of Real Capital Solutions, in an interview with IREI. For example, Real Capital Solutions recently acquired the 35-story, 748,000-square-foot property at 401 N. Michigan in Chicago for $132.5 million, the city’s largest office deal in several years. Distress in the office sector is creating what some investors view as a generational entry point, driven by both capital markets dislocation and weakened fundamentals. Arsenault says the opportunity is increasingly defined by who can act. He describes the current cycle as his firm’s “third rodeo” and believes the market is nearing the bottom, creating an opening to acquire high-quality assets at dislocated pricing.