Newsline

New York City comptroller Brad Lander has announced that Steven Meier, CIO for the Bureau of Asset Management and deputy comptroller, will depart from his role effective Nov. 7 for a new investment management opportunity.

Bryan Moore has been appointed CIO of the South Carolina Retirement System Investment Commission (RSIC). Moore assumed the interim CIO position after Geoff Berg departed the fund earlier this year.

S3 Capital has appointed Michelle Fang as head of marketing and investor relations.

Cityview has plans to develop a highly amenitized mixed-use project in the heart of the Westchester neighborhood of Los Angeles.

Shorenstein Investment Advisers has acquired 1222 Demonbreun, a tier 1, best-in-class new construction trophy office tower located in Nashville’s desirable Gulch submarket. 

Catella Investment Management (CIM), in partnership with Catella APAM Property Ltd., has acquired a student residential complex in the centrally located Liberties district of Dublin.

Walker & Dunlop has arranged $238.41 million for the refinancing of Forma Miami, a newly built, class A+ multifamily building located in the Edgewater neighborhood of Miami.

Rockwood Capital has agreed to integrate its operations into Harrison Street Asset Management (HSAM).

LNL Capital has named Todd Stender has been appointed as managing director, supporting capital formation and investor relations initiatives.

The use of AI in the private markets is becoming commonplace - nearly 80 percent of GPs are at least piloting AI use cases, according to Juniper Square in its new proprietary AI survey on private markets. 

Cain has acquired The Dominick, an independent luxury hotel in New York City.

The Canadian federal government announced an investment of more than C$763 million ($543 million) into Grosvenor’s Brentwood Block for the construction of nearly 1,300 housing units in Burnaby, British Columbia, through its Apartment Construction Loan Program (ACLP).

A consortium consisting of the Artificial Intelligence Infrastructure Partnership (AIP), MGX and BlackRock’s Global Infrastructure Partners (GIP) have announced plans to acquire 100 percent of the equity in Aligned Data Centers from private infrastructure funds managed by Macquarie Asset Management and its co-invest partners.

As occupier and investor preferences shift toward higher-quality, sustainable assets, the financial gap for outdated buildings continues to widen — placing mounting pressure on the market to act. Across major global markets, 84 percent of office and 73 percent of industrial and logistics stock is more than a decade old, creating acute obsolescence risk in established real estate hubs, according to JLL data.

SL Green Realty Corp. has entered into a contract to acquire Park Avenue Tower, located at 65 East 55th St., for $730.0 million. The transaction is expected to close in the first quarter 2026, subject to customary closing conditions.

Bungalow Projects, a real estate development firm focused on creating production hubs for episodic, film, and digital content creation, and Bain Capital Real Estate have closed $304 million in construction financing to support the development of Echelon Studios, two high-end film and television production studios in Brooklyn.

Since its founding in 2005, Harrison Street has deployed $23.8 billion across 419 properties, establishing itself as one of the leading investors in alternative real assets. In this interview, Mike Gordon, global CIO of Harrison Street Asset Management, discusses the lessons learned from scaling across different markets over nearly two decades, the importance of process discipline and partner selection, and how these experiences shape the firm’s investment strategy today. He also shares his perspective on the evolving student housing landscape — from market selection and risk management to demographic shifts, international demand, and the growing influence of technology on higher education.

For professional investment managers, every decision lives at the intersection of two competing disciplines: conviction and detachment. Both are essential, yet they pull in opposite directions. Conviction drives us to act boldly: to seize opportunity, to lead capital toward the future we believe in. Detachment demands calm: to test assumptions, accept uncertainty, and walk away when the facts no longer fit.

Despite questions in early 2025 about sustained artificial intelligence (AI) demand and warnings of potential market corrections, North America’s data center sector has emerged stronger than ever to finish out the year.

The Davis Cos. has launched a joint venture with New York-based Tribeca Investment Group (TIG) to execute a comprehensive capital investment and improvement plan at 630 Third Avenue.