Transactions | Aug 6, 2019 Gaw acquires Hollywood shopping center by Released DJM, a San Jose, Calif.–based private equity real estate and development firm, and Gaw Capital USA, a Hong Kong– and Los Angeles–based real estate private equity firm, announced the acquisition of Hollywood & Highland in Hollywood, Calif., one of the country’s busiest and most acclaimed shopping centers.
Transactions | Aug 6, 2019 Blackstone buys minority stake in rival by Released Blackstone Alternative Asset Management (BAAM) has acquired a passive, minority investment in BC Partners.
Research | Aug 6, 2019 Top 100 firms’ AUM nearly triples in 10 years by Larry Gray It was only a short 10 years ago that institutional real estate investors and investment managers were sorting through the wreckage caused by the global financial crisis.
Investors | Aug 6, 2019 Thor Equities launches new life sciences platform by Released Thor Equities has created Thor Sciences, a division specializing in the life sciences sector.
Fundraising | Aug 5, 2019 Ascentris holds first close for value-add fund at $105m by Kali Persall Ascentris, a private equity firm based in Denver, has held a first close for its third fund in a series.
Transactions | Aug 5, 2019 Blackstone reviving talks with VG Siddhartha family for 90-acre tech park in India by Kali Persall Blackstone and representatives of the family of Coffee Day founder VG Siddhartha are reviving talks for the potential sale of a 90-acre technology park in India.
Transactions | Aug 5, 2019 CBRE Global acquires two office assets in Europe by Kali Persall CBRE Global Investors has purchased two office properties in Prague, Czech Republic, and Amsterdam, Netherlands.
Transactions | Aug 5, 2019 Alpha Data Centre Fund to develop data center in Sydney by Andrea Zander The Alpha Data Centre Fund, managed by Keppel Capital’s wholly owned unit Alpha Investment Partners, has acquired a 3,840-square-meter (41,333-square-foot) plot of freehold land.
Fundraising | Aug 5, 2019 Scape to launch billion-dollar fund for student housing by Andrea Zander Scape Australia has plans to launch a A$1 billion ($680 billion) core, open-end fund to invest in student accommodation.
Transactions | Aug 5, 2019 Barings finances €40m for Spanish retail park development by Released Barings has provided, on behalf of one of its managed accounts, a €40 million ($45 million) senior construction loan to finance the development of a retail park in Dos Hermanas, located outside of Seville, Spain.
Research | Aug 5, 2019 New York City named largest hotel construction in pipeline by Andrea Zander At the end of the first half of 2019, analysts at Lodging Econometrics report that the top U.S. markets with the largest hotel construction pipeline is New York City with 166 projects/28,231 rooms
Transactions | Aug 5, 2019 RSE and Carter acquire Georgia multifamily portfolio for $203m by Andrea Zander RSE Capital Partners and Carter Multifamily have acquired an 11-asset multifamily portfolio across Georgia for $203 million
Fundraising | Aug 5, 2019 Teachers’ Retirement System of Illinois commits $300m to Oak Street Real Estate by Kali Persall The $52.2 billion Teachers’ Retirement System of Illinois (TRS) has committed $200 million to a fund managed by Oak Street Real Estate Capital.
Real Estate | Aug 5, 2019 Griffin Capital closes first opportunity zone land acquisition in Colorado by Released Griffin Capital Co. with Legacy Partners has closed on the joint venture’s first multifamily development site in a qualified opportunity zone.
Transactions | Aug 5, 2019 Spirit MTA REIT to sell assets for $2.4b by Andrea Zander Spirit MTA REIT, a net-lease REIT headquartered in Dallas, has agreed to sell its owned properties held in the company’s Master Trust 2014 and three assets presently owned by Spirit Realty Capital, Inc. to Hospitality Properties Trust for $2.4 billion.
Transactions | Aug 5, 2019 American Hotel Income Properties REIT to sell economy lodging portfolio for $215.5m by Kali Persall American Hotel Income Properties REIT has reached a definitive agreement to sell its economy lodging portfolio, consisting of 45 hotel properties, to an affiliate of VCM Ltd. for $215.5 million.
Transactions | Aug 5, 2019 Landmark Properties to invest in student housing developments by Andrea Zander Landmark Properties will develop seven new student housing properties totaling 4,450 beds in six states across the United States.
Research | Aug 5, 2019 Tech companies continue growth in Austin’s office market by Andrea Zander Austin’s office market continues to expand at an unprecedented pace, led by significant corporate expansions and hiring coupled with significant organic growth, according to Colliers International.
Transactions | Aug 5, 2019 Balfour Beatty to build $1b convention center expansion in Fort Lauderdale, Fla. by Released Balfour Beatty has signed a $780 million construction agreement with Matthews Southwest to serve as design-build lead for the expansion of the Broward County Convention Center in Fort Lauderdale, Fla.
Transactions | Aug 2, 2019 Frasers Property Holdings to develop $3.8b Bangkok mixed-use district project by Released A joint venture between TCC Assets Co. Ltd. and Frasers Property Holdings has unveiled $3.8 billion master plan for One Bangkok, a fully integrated district in Thailand's capital.
