Research | Mar 27, 2019 Overseas investors still investing in U.K. property despite Brexit uncertainty by Andrea Zander Uncertainty surrounding Brexit is showing no signs of deterring foreign investment in Glasgow and Edinburgh, according to JLL’s Big 6 report.
Research | Mar 27, 2019 China office stimulated by financial innovation and the growth of IT sector by Andrea Zander Despite a slowdown in the real estate market and a tightening of the credit environment, the Chinese economy was still able to record a growth of 6.6 percent in 2018, higher than the expected annual growth of 6.5 percent, according to Savills.
Transactions | Mar 27, 2019 USAA and Touchstone partnership sells Seattle office tower by Jody Barhanovich USAA Real Estate and its partner Touchstone have sold Troy Block, two newly constructed, class A+ office towers in Seattle.
Transactions | Mar 27, 2019 GIC acquires a 25% equity interest in Netherlands hotel firm by Released GIC, Singapore’s sovereign wealth fund, has acquired a 25 percent equity interest in citizenM.
Transactions | Mar 27, 2019 Round Hill sells €1.4b portfolio by Andrea Zander Swedish investor Heimstaden has acquired a Dutch residential portfolio for €1.4 billion ($1.6 billion).
Fundraising | Mar 26, 2019 Multifamily developer launches Opportunity Zone initiative by Released Multifamily developer and investment firm Pollack Shores Real Estate Group has launched an Opportunity Zone initiative.
Fundraising | Mar 26, 2019 Mount Elbert closes upsized first fund at $382m by Andrea Zander Mount Elbert Capital Partners has completed the final closing of its first fund, Mount Elbert Capital Partners Fund 1.
Transactions | Mar 26, 2019 Colony Industrial buys light industrial warehouses in Northern N.J. and Las Vegas by Jody Barhanovich Colony Industrial has acquired a class A building in Northern New Jersey with 271,176 square feet and two class A light industrial buildings in Las Vegas totaling 423,786 square feet.
Investors | Mar 26, 2019 IPERS reports –1.10% net of fee total fund return for CY2018 by Jody Barhanovich The $32.45 billion Iowa Public Employees’ Retirement System (IPERS) has reported a net of fee total fund return for calendar year 2018 of –1.10 percent, according to a board meeting summary.
Transactions | Mar 26, 2019 CT Realty sells Northern California logistics building for $105m to Bentall Kennedy U.S. Core Fund by Jody Barhanovich Newport Beach, Calif.-based CT Realty has sold a newly-built 1,122,341-square-foot industrial building to Bentall Kennedy (U.S.) Limited Partnership on behalf of its US Core Fund for $105.3 million.
Investors | Mar 26, 2019 India-based developer enters U.K. by Released Sobha Realty, a real estate developer with headquarters in India and Dubai, has made its first foray into the United Kingdom.
Investors | Mar 26, 2019 LAGERS commits $75m to senior housing fund by Jody Barhanovich The Missouri Local Government Employees Retirement System (LAGERS) has committed $75 million to a senior housing fund managed by PGIM Real Estate.
Investors | Mar 26, 2019 China, European leaders agree to seek fairer trade rules by Andrea Zander Leaders of China, France, Germany and the European Commission agreed Tuesday to seek fairer global trade rules and create “trust-based partnerships."
Research | Mar 26, 2019 U.S. investors remain top buyers of Asia Pacific properties by Andrea Zander Investors from the United States continued to be the biggest spenders on commercial property in Asia Pacific in the first quarter of 2019, according to South China Morning Post, sourcing data from Real Capital Analytics.
Transactions | Mar 26, 2019 Avanath Capital Management and UBS Asset Management recapitalize $248m affordable housing portfolio by Released Avanath Capital Management has completed a recapitalization of a portfolio of affordable multifamily assets formerly held by Avanath Affordable Housing I, Avanath’s inaugural fund.
Fundraising | Mar 26, 2019 New Orleans Redevelopment Fund plans $100m opportunity zone fund by Andrea Zander The New Orleans Redevelopment Fund has plans to raise $100 million to develop properties in tax-break zones.
Investors | Mar 25, 2019 CalSTRS commits $600m to real estate by Jody Barhanovich The $226.5 billion California State Teachers’ Retirement System (CalSTRS) has committed a total of $600 million to real estate.
Transactions | Mar 25, 2019 Steiner NYC receives $330m in refinancing for Hub by Released Steiner NYC has secured $330 million to refinance Hub, a 55-story skyscraper.
Fundraising | Mar 25, 2019 Watt Cos. seeks $150m for lending fund by Jody Barhanovich Watt Cos. is seeking $150 million for a new fund.
Fundraising | Mar 25, 2019 AIG markets next European real estate fund by Jody Barhanovich AIG Global Real Estate has launched its next real estate fund.
