Transactions | May 22, 2020 Mirvac, Coombes Property receive approval for $650m residential tower in Sydney by Andrea Zander Mirvac Group and Coombes Property Group have received planning consent from the City of Sydney, through its Central Sydney Planning Committee, for the proposed A$1 billion ($650 million) mixed-use, residential-led precinct at 505 George St. in Sydney.
Transactions | May 22, 2020 Logan Property buys Shenzhen residential land parcel in most expensive sale by Andrea Zander Logan Property Holdings has paid $1.63 billion for a plot in the Qianhai financial district in Shenzhen, China.
Research | May 22, 2020 CBRE: Leasing market still active in San Francisco by Andrea Zander Office leasing activity is continues in San Francisco during the shelter-in-place mandate, reported CBRE in its Northern California Capital Markets May newsletter.
People | May 22, 2020 LGIM hires new European head of real estate debt by Released LGIM Real Assets has hired James Spencer-Jones from Cushman & Wakefield as its new head of real estate debt, Europe, and established a new private credit leadership team.
Transactions | May 22, 2020 TTB acquires minority stake in M7 amid continued Asian appetite for European real estate by Released TTB Partners, a Hong Kong–based investment and advisory firm, has acquired a minority stake in M7 Real Estate.
Research | May 22, 2020 Australian hotels to invest in new hygiene standards by Andrea Zander The Australian hotel sector is in a dire situation, according to 80 percent of survey participants (that are currently operating) in the Second Australian Hotel Sentiment Survey, conducted by Horwath HTL.
Transactions | May 22, 2020 Korean investor sells Chicago office for $210m by Andrea Zander Mirae Asset Global Investments has sold 225 W. Wacker Drive, a 650,812-square-foot class A trophy office tower in Chicago, for $210 million.
Investors | May 21, 2020 Alaska Permanent invests in opportunistic real estate debt by Kali Persall The Alaska Permanent Fund Corp. has decided to back a newly launched opportunistic real estate fund managed by Kayne Anderson Capital Advisors.
Fundraising | May 21, 2020 Realterm Logistics Fund III closes fundraising at $370m by Kali Persall The Realterm Logistics Fund III (RLF III), the tenth fund raised across the Realterm platform, has completed a final close at its hard cap of $370 million.
Investors | May 21, 2020 Ohio Police & Fire makes AEW IX its second real estate investment of 2020 by Kali Persall The $14.7 billion Ohio Police & Fire Pension Fund (OP&F) has made its second real estate investment of the year.
Investors | May 21, 2020 Telecommuting and pandemic protocols to affect office demand in future by Loretta Clodfelter The COVID-19 pandemic has introduced many office workers to the practice of working from home, and there is some question about whether office demand might be reduced from elevated telecommuting in a post-pandemic environment.
Research | May 21, 2020 Invesco: Potential bright spot in industrial REITs by Andrea Zander The industrial sector in the United States outperformed the broader REIT sector in each of the last four years and has continued to perform well right up to the market collapse in February.
Investors | May 21, 2020 Hawaii Employees approves $50m follow-on to Torchlight Debt Opportunity Fund VII by Kali Persall The Employees' Retirement System of the State of Hawaii (HERS) has greenlighted a $50 million follow-on commitment to a recently launched debt fund.
Research | May 21, 2020 CBRE Hotels research forecasts full demand recovery by late 2022 by Andrea Zander After suffering the greatest performance declines in the history of the U.S. lodging industry during 2020, the nation’s hotels will benefit from what is expected to be a relatively rapid economic turnaround in 2021 and 2022, according to the June 2020 edition of CBRE’s Hotel Horizons forecast report.
Transactions | May 21, 2020 Moorfield Group acquires U.K. residential portfolio for €22.2m by Released Moorfield Group has acquired a 93,000-square-foot, 77-showhome portfolio from privately owned homebuilder Avant Homes for €22.2 million ($24.4 million).
