Transactions | Aug 9, 2019 JLL arranges $300m construction loan for Miami development by Andrea Zander JLL has arranged a $300 million construction loan for the development of 830 Brickell, a 1.03 million-square-foot, 56-story, class A, marquee tower that includes nearly 615,000 square feet of rentable space in the heart of Brickell, Miami’s financial district and premier office market.
Transactions | Aug 9, 2019 Recent commercial real estate transactions by Lisa Yan Transactions reported this week include the sale of a retail property in Los Angeles.
Investors | Aug 9, 2019 CFA Institute releases final version of 2020 GIPS by Loretta Clodfelter The CFA Institute has released the latest iteration of its Global Investment Performance Standards (GIPS) — standardized best practices for investment performance reporting and presentation by asset managers.
Research | Aug 9, 2019 Manhattan, San Francisco Bay Area head to head in YTD office sales by Andrea Zander Manhattan has led the way year-to-date in office property sales, according to Yardi Matrix data. Office sales totaled $38.8 billion nationwide through June. Increased transaction volume will need to continue for the rest of the year to match 2018’s total of $91.1 billion.
People | Aug 9, 2019 Starwood Retail Partners names new COO by Released Starwood Retail Partners and its parent, Starwood Capital Group have appointed Vincent Corno to COO.
Research | Aug 9, 2019 U.S. capital flows down from record 2018 levels by Andrea Zander With the longest global economic expansion on record, international investors face an increasingly complex calculus in identifying cost-effective opportunities for potential downturn protection, slowing the pace of cross-border capital flows to and from the United States, according to CBRE.
Investors | Aug 8, 2019 New York State Common Retirement Fund commits $300m to Grosvenor anchor fund by Kali Persall The $210 billion New York State Common Retirement Fund committed $300 million to fund managed by GCM Grosvenor.
Investors | Aug 8, 2019 Related Cos. secures $125m in new capital by Kali Persall A newly-launched fund by Related Cos. has secured $125 million in new capital commitments.
Transactions | Aug 8, 2019 Chelsfield teams up with Asian investor to buy $210m office block by Andrea Zander U.K. developer Chelsfield has teamed up with a group of Hong Kong and Malaysian investors to purchase a set of four office buildings in Shanghai for a consideration of RMB 1.5 billion ($210 million).
Investors | Aug 8, 2019 TRS Texas commited $232m to real estate in July by Kali Persall The Teacher Retirement System of Texas (TRS) made one commitment and two co-investments to real estate funds during the month of July.
Research | Aug 8, 2019 U.S. cities at risk for extreme heat due to increase urban development by Andrea Zander The impact that rising temperatures and excessive heat waves are having on urban development, and strategies to mitigate urban heat island effects are explored in a new report,Scorched: Extreme Heat and Real Estate, published by the Urban Land Institute.
Research | Aug 8, 2019 Seniors housing and care M&A volume stays strong in Q2 2019 by Andrea Zander The number of publicly announced seniors housing and care acquisitions in the second quarter of 2019 topped 100 transactions for the fifth quarter in a row, with 115 total transactions announced, based on new acquisition data from Irving Levin Associates, in its The Health Care M&A Report.
Fundraising | Aug 8, 2019 Harbert collects $150m for recently-launched real estate fund by Kali Persall Alabama-based Harbert Management Corp. has raised nearly $150 million for its seventh United States–based real estate fund.
Transactions | Aug 8, 2019 Prologis acquires logistics portfolio for €425m by Andrea Zander Prologis has acquired 18 logistics buildings totaling 473,000 square meters (5.1 million square feet) from Spanish REIT Colonial.
Transactions | Aug 8, 2019 Nuveen Real Estate’s Asia Pacific Cities Fund makes second acquisition by Released The Asia Pacific Cities Fund (APCF), managed by Nuveen Real Estate, has recently acquired a new 24,400-square-meter (263,000-square-foot) last-mile logistics facility in the Greater Seoul area.
People | Aug 8, 2019 JLL names new head of capital markets for Singapore by Andrea Zander Ting Lim has joined JLL to lead its Capital Markets business in Singapore.
People | Aug 8, 2019 Aberdeen appoints head of direct real estate in Japan by Released Aberdeen Standard Investments (ASI) has appointed its first head of direct real estate in Japan, Hidetoshi Ono.
Fundraising | Aug 7, 2019 MDH Partners raises $350m for value-add real estate fund by Kali Persall Atlanta-based MDH Partners has closed on $350 million in capital commitments for its real estate fund.
Transactions | Aug 7, 2019 Steadfast creates $3.3b REIT by Released Steadfast Apartment REIT has merged with Steadfast Income REIT and Steadfast Apartment REIT III, creating a combined company with approximately $3.3 billion in gross real estate assets.
Transactions | Aug 7, 2019 Invesco Real Estate sells Prague office property by Kali Persall Invesco Real Estate is selling a class A six-story office property in the heart of Prague’s Andel district, the firm announced on Aug. 7.
