Fundraising | Apr 22, 2019 TA Realty raises $628m for Core Property Fund by Larry Gray Boston-based TA Realty has raised $628 million to date for its TA Realty Core Property Fund.
Research | Apr 22, 2019 Asian investors fuel Ireland commercial real estate sector by Andrea Zander Asian investors have invested €157 million ($177 million), or 43 percent of overseas capital, into Irish commercial property during the first quarter, reported The Irish Times, citing data from BNP Paribas Real Estate.
People | Apr 22, 2019 Lendlease Europe CEO named as new Crown Estate chief by Andrea Zander Dan Labbad, Lendlease Europe’s CEO since 2009, will be named as Dame Alison Nimmo’s successor at The Crown Estate.
Transactions | Apr 19, 2019 Singapore investor buys fourth U.K. student housing asset by Andrea Zander Singapore Press Holdings has added a fourth U.K. student housing portfolio, increasing its portfolio by 1,243 beds to 5,059 beds across 20 assets in 10 cities.
Transactions | Apr 19, 2019 WeWork pulls out of talks to take on more Hong Kong space by Andrea Zander U.S. shared workspace group WeWork has pulled out of at least five negotiations in Hong Kong this year, after failing to get budget approval, reported Reuters.
Research | Apr 19, 2019 Proptech companies’ fundraising reaches new highs by Andrea Zander Dollar volume in real estate technology companies reached new highs in first quarter 2019, according to CRETECH.
Fundraising | Apr 19, 2019 Cerberus closes $5.1b of commitments for global NPL strategy by Jody Barhanovich Cerberus Capital Management has closed approximately $5.1 billion of commitments for its global nonperforming loan strategy.
Fundraising | Apr 19, 2019 StepStone Group launches real estate fund by Jody Barhanovich StepStone Group has launched its next real estate fund.
Research | Apr 19, 2019 75,000 stores closures, but retail still looks promising by Andrea Zander E-commence will force approximately 75,000 U.S. stores to go out of business by 2026, according to data from UBS. It finds with each 1 percent increase in online penetration, some 8,000 to 8,500 stores will need to close.
Transactions | Apr 19, 2019 Vornado trades $5.6b interest in NYC retail portfolio by Andrea Zander Vornado Realty Trust has transferred a 45.4 percent common equity interest in its portfolio of flagship high street retail assets on Upper Fifth Avenue and Times Square in Manhattan.
Investors | Apr 19, 2019 Manchester, N.H., retirement system to commit $6m to real estate by Jody Barhanovich The Manchester (N.H.) Employees' Contributory Retirement System has plans to commit $6 million to two real estate funds.
Transactions | Apr 19, 2019 Congress Group and AECOM Capital to develop $360m hotel Nashville by Released The Congress Group and AECOM Capital are planning to develop a $360 million Four Seasons Hotel and Private Residences Nashville.
Transactions | Apr 19, 2019 Canadian investor considers $2b Shanghai property buy, largest foreign investor purchase by Andrea Zander Brookfield Strategic Real Estate Partners III, a fund managed by Brookfield Asset Management, has plans to buy a commercial property site in Shanghai for approximately $2 billion, .
Fundraising | Apr 19, 2019 Corestate Capital holds €250m close for German high street retail fund by Jody Barhanovich Corestate Capital Holding has closed its latest German high street retail fund.
Investors | Apr 19, 2019 Blackstone plans to convert to a corporation by Andrea Zander Blackstone Group, which has $512 billion in assets under management, has plans to convert from a publicly traded partnership to a corporation.
Transactions | Apr 18, 2019 intu sells 50 percent stake in U.K. shopping center by Andrea Zander intu properties and Cale Street Investments have established a 50-50 joint venture for the intu Derby shopping center located in the center of Derby, United Kingdom.
Transactions | Apr 18, 2019 Allianz pays €250m for mixed-use asset in Madrid by Andrea Zander Allianz has acquired Castellana 200, a prime mixed-use office and retail asset located in Madrid, for €250million ($280 million).
Research | Apr 18, 2019 Manhattan office lease sector tapers off by Andrea Zander Following a record-setting 2018, office leasing in Manhattan has begun to taper off, recording a little more than 7 million square feet of leasing activity in first quarter 2019, down 3 percent compared to a year ago, according to Transwestern’s Downtown Manhattan Office Outlook (Q1, 2019) report.
Investors | Apr 18, 2019 New Mexico to commit to Lone Star fund by Jody Barhanovich The New Mexico Educational Retirement Board has plans to commit an undisclosed amount to a fund managed by Lone Star Funds.
Fundraising | Apr 18, 2019 Dune Real Estate requests fundraise extension into July, seeks $1.25b by Jody Barhanovich Dune Real Estate has requested a consent to extend the offering period for an additional four months for Dune Real Estate Partners IV.
