Investors | May 20, 2019 NYSCRF earns 7.1% on real estate investments by Kali Persall The $210.2 billion New York State Common Retirement Fund (NYSCRF) has earned a 7.09 percent return on its real estate investments, for the state fiscal year ending March 31.
Transactions | May 20, 2019 Ashford Hospitality Trust completes refinancing of two-hotel portfolio by Released Ashford Hospitality Trust has refinanced a mortgage secured by the Westin Princeton and Renaissance Nashville.
Transactions | May 20, 2019 Westbrook Partners, Korea Investment Corp. in talks to sell Manhattan's Ritz-Carlton hotel by Andrea Zander A venture of Westbrook Partners and Korea Investment Corp. is in talks to sell the Ritz-Carlton hotel in Manhattan for $600 million. It is in discussions with Katara Hospitality of Qatar and Trinity White City Ventures, reported Bloomberg, citing people familiar with the matter.
Transactions | May 20, 2019 AEW fund buys first asset by Andrea Zander AEW Europe Value Investor II Fund (EVI II), a recently launched fund managed by AEW, has acquired its first acquisition, an office building in Munich-Riem acquired from KanAm Grund.
Transactions | May 20, 2019 Omega Healthcare Investors acquires MedEquities Realty Trust by Released Omega Healthcare Investors has acquired MedEquities Realty Trust.
Transactions | May 17, 2019 Harrison Street acquires state-of-the-art office and laboratory complex in Cambridge, Mass. by Released Harrison Street Real Estate Capital has acquired Osborn Triangle in Cambridge, Mass., from a subsidiary of the Massachusetts Institute of Technology.
Research | May 17, 2019 Among the world’s 20 fastest-growing retailers, Amazon is at No. 4 by Andrea Zander Despite Amazon headlines stating its dominating and disrupting the brick-and-mortar retail sector, it’s not the No. 1 seed as the fasting-growing retailer based on 2017-2018 sales growth, reported USA Today.
Transactions | May 17, 2019 Recent commercial real estate transactions by Alicia Block Transactions reported this week include the sale of a two-property portfolio.
Fundraising | May 17, 2019 EBRD invests €30m in climate-conscious real estate fund by Kali Persall The European Bank for Reconstruction and Development (EBRD) has invested €30 million ($33 million) in an alternative closed-end fund that invests in office, retail and logistic facilities across the Baltic states.
Transactions | May 17, 2019 J-REIT IIF acquires five assets in Japan for $225m by Released Industrial & Infrastructure Fund Investment Corp., a J-REIT managed by Mitsubishi Corp.–UBS Realty, has agreed to acquire five commercial properties located across Japan worth a combined ¥24.65 billion ($224.9 million).
Transactions | May 17, 2019 Frasers Centrepoint Trust buys stake in mall for $315m by Andrea Zander Singapore-based Frasers Centrepoint Trust has reached a deal to buy a one-third stake in a Singapore shopping mall from a subsidiary of Frasers Property Ltd. for SG$433.3 million ($315.4 million).
Investors | May 17, 2019 U.S.-China trade tensions escalate by Jennifer Molloy The stakes are getting higher in the trade tensions between the United States and China, setting the scene for further concerns from investors about an economic slowdown as the world’s two largest economies answer failed trade negotiations with tit-for-tat tariff increases.
Investors | May 16, 2019 Dalian Wanda Group Co. to invest $11.6b to prop up Shenyang city by Andrea Zander Dalian Wanda Group, a primarily real estate conglomerate founded by Chinese billionaire Wang Jianlin, has announced an 80-billion-yuan ($11.6 billion) investment plan.
Transactions | May 16, 2019 Goldin Financial Holdings buys Kai Tak airport parcel in record deal by Andrea Zander The first seafront commercial plot of land on the runway of Hong Kong’s former airport, Kai Tak, has sold for a record HK$11.1 billion ($1.41 billion).
Investors | May 16, 2019 Ohio Police & Fire Pension Fund portfolio now valued at $15.7 billion by Kali Persall The portfolio value for the Ohio Police & Fire Pension Fund has increased to a value of $15.7 billion.
Research | May 16, 2019 Real estate capital is chasing Asia Pacific’s most innovative cities by Andrea Zander Asian cities are moving up the innovation rankings, with Tokyo, Singapore and Beijing among the top five most innovative cities globally. According to new research from JLL, these tech-savvy cities have attracted close to $100 billion of real estate capital over the past three years, as investors look to tap into growing demand.
Research | May 16, 2019 RCA releases its RCA CPPI Global Cities report by Released Global commercial property price growth continued to slow in the first quarter of 2019.
Investors | May 16, 2019 Arlington County Employees Retirement System commits $25m to Marcus Partners’ third fund by Kali Persall The $2.2 billion Arlington County (Va.) Employees Retirement System (ACERS) board of trustees voted unanimously to commit $25 million to a fund managed by Marcus Partners.
Investors | May 16, 2019 CDL to invest $1b in China real estate developer by Andrea Zander Singapore-based City Developments (CDL) has entered into deals to invest 5.5 billion yuan ($1.1 billion) in Chinese real estate developer.
Investors | May 16, 2019 LaSalle partners with Artivest by Released LaSalle Investment Management has partnered with Artivest.
