Transactions | Oct 8, 2018 Uptown Boca $200m mixed-use development breaks ground by Andrea Zander Uptown Boca, a $200 million pedestrian-friendly, mixed-use development, has broken ground in West Boca Raton, Fla.
Fundraising | Oct 8, 2018 Stoltz Real Estate Partners seeks $500m for next industrial real estate fund by Jody Barhanovich Stoltz Real Estate Partners, a vertically integrated real estate fund manager based in the Greater Philadelphia area, has launched its next industrial-focused real estate fund.
Research | Oct 8, 2018 Global investment in real estate hits record $1.8t by Andrea Zander Despite geopolitical uncertainty and a slowing in the economic cycle, investment in the global property market has seen a significant rise of 18 percent year-on-year to a new record high of $1.8 trillion (2017: $1.5 trillion), according to Cushman & Wakefield’s Winning in Growth Cities, which examines global commercial real estate investment activity, assessing cities by their success at attracting capital.
Research | Oct 8, 2018 European residential investment doubles in the last 10 years by Andrea Zander Immobilien AG, the pan-European real estate investment manager, has launched its 10th PATRIZIA INSIGHT study on the European residential markets. The findings show that every fifth euro of European real estate investment is invested in the wider residential universe, an increase of more than 50 percent during the last 10 years.
Transactions | Oct 5, 2018 AvalonBay selling 80% stake in Manhattan portfolio by Released An Invesco Real Estate client is under contract to buy an 80% stake in a five-asset portfolio in Manhattan from AvalonBay Communities for $760 million.
Transactions | Oct 5, 2018 Blackstone Group to buy S.F. office asset for $245m by Andrea Zander The Blackstone Group is in contract to buy Embarcadero Square, a 293,877-square-foot office complex in the north Financial District.
Fundraising | Oct 5, 2018 LaSalle seeks $1b for next real estate property fund by Jody Barhanovich LaSalle Investment Management, a real estate investment management firm, is seeking $1 billion in equity for its next real estate property fund.
Transactions | Oct 5, 2018 Recent commercial real estate transactions by Alicia Block Transactions reported this week included an office in New York City.
Research | Oct 5, 2018 REITs fall 2.5% in September by Loretta Clodfelter Equity REITs dropped in September, falling 2.54 percent according to the FTSE Nareit Equity REITs Index. Year-to-date, the index is up 1.81 percent.
Transactions | Oct 5, 2018 Hammerson sells Highcross stake for £236m and creates new international joint venture by Andrea Zander Hammerson plc has exchanged contracts for the sale of a 50 percent stake in Highcross shopping center in Leicester for £236 million ($309 million).
Research | Oct 5, 2018 U.S. adds 134,000 jobs in September by Loretta Clodfelter The U.S. economy added 134,000 jobs in September, according to the Bureau of Labor Statistics, and the unemployment rate fell to 3.7 percent — the lowest level in nearly 50 years.
Investors | Oct 5, 2018 Alaska Permanent Fund reports 10.74% investment return for FY2018 by Jody Barhanovich The Alaska Permanent Fund Corp. has reported a 10.74 percent investment return for the fiscal year ended June 30, 2018.
Transactions | Oct 5, 2018 Colonial sells €441m Madrid offices to Tristan by Andrea Zander EPISO 4, managed by Tristan Capital Partners, together with local operating partner Savills Investment Management has acquired a 78,000-square-meter (840,000-square-foot) office portfolio in Madrid.
Transactions | Oct 5, 2018 Saudi asset manager enters France with Principal Real Estate mandate by Andrea Zander Principal Real Estate Europe has acquired an office building in Levallois Perret, Paris.
People | Oct 5, 2018 JLL hires Gianluca Romano as global head of underwriting and advisory by Released JLL has appointed Gianluca Romano as global head of underwriting and advisory in its global funds advisory team, based in London.
Research | Oct 5, 2018 Chinese tourism driving dominant high street retail in Milan and Paris by Andrea Zander M&G Real Estate has released its latest European Outlook report, providing a comprehensive, cross-sector review of prospects and performance across the continent.
Investors | Oct 5, 2018 Bruntwood and L&G create £360m science and tech property venture by Andrea Zander Bruntwood and Legal & General Capital have established a 50-50 partnership to create the United Kingdom’s largest property platform dedicated to driving science and technology growth in regional cities.
Research | Oct 5, 2018 Seniors housing occupancy rate remains steady just below 88% during Q3 2018 by Released The occupancy rate for seniors housing across the United States was steady in the third quarter of 2018, according to new data from the National Investment Center for Seniors Housing & Care (NIC), a nonprofit organization that provides data and analytics on the sector.
Transactions | Oct 5, 2018 Colony Industrial acquires nine industrial properties in Atlanta by Jody Barhanovich Colony Industrial has acquired the Atlanta NE/I-85 Industrial Portfolio consisting of nine class A warehouse properties in Atlanta.
Transactions | Oct 5, 2018 Extell seeks $775m for Manhattan apartment property by Andrea Zander Extell Development has plans to sell a 600-unit apartment building in Manhattan for $775 million, according to media outlets.
