People | Apr 11, 2019 Nuveen Real Estate appoints U.S. CIO by Released Nuveen Real Estate has named Carly Tripp as CIO for its U.S. investment portfolio.
Research | Apr 11, 2019 San Francisco overtakes New York as most expensive city to build by Released San Francisco has unseated New York City as the most expensive place on earth to build, with construction costs forecast to rise a further 6 percent in 2019 as tech sector expansion continues to drive construction demand, according to new research from global professional services company Turner & Townsend.
Transactions | Apr 11, 2019 JHR acquires Tokyo hotel for $560m by Andrea Zander Japan Hotel REIT Investment Corp. (JHR) has acquired four-star Hilton Tokyo Odaiba for $560.4 million.
Research | Apr 11, 2019 Tourism helps China hotel sector, despite slow economy by Andrea Zander Tourism statistics showed a healthier landscape for China in 2018, despite posting the slowest economy in 28 years, reported Knight Frank. China’s economy grew 6.6 percent in 2018.
People | Apr 11, 2019 Kiyosei Sugioka joins ORIX Life from GPIF by Jennifer Molloy Kiyosei Sugioka has joined the $17 billion ORIX Life Insurance Corp.
Research | Apr 11, 2019 Savills: Record Q1 2019 investment in Sweden by Andrea Zander The Swedish investment market has witnessed its strongest first quarter in history, with real estate transactions topping SEK 42 billion (€4 billion/$4.5 billion), an increase of 54 percent compared to first quarter 2018, according to Savills. Offices, followed by storage/industrial and residential properties accounted for a combined 81 percent of the first quarter 2019 transaction volume according to the international real estate adviser.
People | Apr 11, 2019 Seamus Collins named CIO of Mine Super by Jennifer Molloy Seamus Collins has been appointed CIO of Mine Super, following his stint as acting CIO.
Transactions | Apr 10, 2019 Korean asset management business buys Edinburgh office space for £55m by Released London-based Greenridge Investment Management sold the 148,796-square-foot Gyle Square office property in Edinburgh.
Investors | Apr 10, 2019 Texas Permanent commits $75m to GreenOak’s Asian debt fund by Jody Barhanovich The $41.4 billion Texas Permanent School Fund has committed $75 million to a fund managed by GreenOak Real Estate.
Research | Apr 10, 2019 Co-living is winning over tenants and landlords from traditional leasing model by Released The co-living market is taking off in Asia Pacific as more people migrate to cities for jobs or education opportunities.
Investors | Apr 10, 2019 CalSTRS commits $500m to Blackstone opportunities fund by Jody Barhanovich The $226.5 billion California State Teachers’ Retirement System has committed $500 million to a fund managed by The Blackstone Group.
Investors | Apr 10, 2019 Clarion Partners acquires stake in Gramercy Europe by Andrea Zander Clarion Partners has acquired a majority stake in Gramercy Europe. Gramercy Europe will become an operating business of Clarion and be rebranded as Clarion Gramercy, maintaining its offices in London, Berlin and Barcelona.
Research | Apr 10, 2019 Nuveen Real Estate releases Asia Pacific Q2 real estate outlook by Andrea Zander The Asia Pacific region ended 2018 on a relatively soft patch, and headwinds will likely continue to slow down economic momentum through the first six months of 2019. Risks are front, according to the Think Asia Pacific Cities second quarter report by Nuveen Real Estate.
Research | Apr 10, 2019 Institutional investors urged to act as climate change poses impact on returns by Andrea Zander Mercer, a global consulting leader in advancing health, wealth and career, reported its findings of the climate scenario with real estate in Investing in a Time of Climate Change – The Sequel (“the Sequel”).
Fundraising | Apr 9, 2019 M31 Capital launches opportunity zone fund to invest in San Francisco Bay Area by Released M31 Capital has launched its first Qualified Opportunity Zone fund.
Transactions | Apr 9, 2019 Paladin Realty launches mixed-use development in São Paulo by Released Paladin Realty Partners has launched its latest mixed-use development, “CORE”, located in São Paulo’s upscale Pinheiros neighborhood.
Transactions | Apr 9, 2019 VICI to acquire JACK Cincinnati Casino for $745m by Andrea Zander VICI Properties has acquired the JACK Cincinnati Casino for $745 million.
Transactions | Apr 9, 2019 Ascentris and Optima close-out Scottsdale, Ariz., condominiums by Released Ascentris, a Denver-based real estate private equity firm, has announced the closing of all the units in 7120 Optima Kierland (Optima Kierland II), a 12-story condominium tower in Scottsdale.
Investors | Apr 9, 2019 GSA and Harrison Street announce €750m JV in Spain by Released Global Student Accommodation Group (GSA) and Harrison Street Real Estate Capital have plans to acquire more than 10,000 student beds and deploy more than €750 million ($846 million) in top-tier university cities across Spain.
Transactions | Apr 9, 2019 Alpha Real Capital completes ground rent transaction on £1b hotel portfolio by Released Alpha Real Capital, a specialist manager of long-income real assets, has completed a ground-rent transaction over a circa £1 billion ($1.3 billion) portfolio of three central London hotels on behalf of its Index Linked Income Fund (ILIF).
