Transactions | Aug 7, 2019 Equity Commonwealth sells 188-acre campus in Austin by Released Equity Commonwealth has sold Research Park, a 1.11 million-square-foot office and industrial development as well as 94.8 acres of undeveloped land in northwest Austin, Texas.
Fundraising | Aug 7, 2019 New York Life collects $495m for Madison Square debt fund by Kali Persall New York Life Real Estate Investors has raised $495 million for its debt fund.
Research | Aug 7, 2019 CRE lending picks up in Q2 by Andrea Zander CBRE’s lender survey indicated life company lenders had another strong quarter in second quarter 2019, accounting for 26 percent of non-agency commercial mortgage closings — up from 21 percent a year ago.
People | Aug 7, 2019 Peeyush Shukla appointed as chief information and technology officer at Heitman by Kali Persall Peeyush Shukla has joined Heitman, a global real estate investment management firm, as chief information and technology officer, the firm announced on Aug. 6.
Research | Aug 7, 2019 Multifamily construction starts remain strong by Andrea Zander The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential construction statistics for June 2019.
Transactions | Aug 7, 2019 Blackstone negotiating to buy 11 warehouses in Queens by Andrea Zander Blackstone Group is in talks to buy 11 warehouses near John F. Kennedy International Airport in Queens, N.Y.
Investors | Aug 6, 2019 Employees Retirement System of Texas invests $150m in two real estate fund by Kali Persall The Employees Retirement System of Texas (ERS) invested $150 million in two real estate funds.
Transactions | Aug 6, 2019 Carroll Organization closes fifth real estate fund, purchases Atlanta property by Kali Persall Atlanta-based Carroll Organization has acquired its final property on behalf of its Carroll Multifamily Real Estate Fund V, ending the fund’s investment period.
Research | Aug 6, 2019 Marriott leads U.S. hotel construction pipeline, plans to invest $800m in new resorts by Andrea Zander The franchise companies leading the United States hotel construction pipeline are Marriott International with 1,469 projects/193,458 rooms, up 9 percent by projects and rooms year-over-year, according to Lodging Econometrics.
Transactions | Aug 6, 2019 Barings acquires hotel and office development in Germany by Released Barings has acquired, through a forward-funding, a fully pre-let hotel and office development in Stuttgart, Germany.
Research | Aug 6, 2019 U.K. property investment declines with escalating concerns over the economic impact of Brexit by Andrea Zander Escalating concerns over the economic impact of Brexit drove the volume of property investment transactions in the United Kingdom, as transactions dropped by 46 percent year-over-year in the second quarter, making it the slowest three-month period for investment since 2012, reported Real Capital Analytics’ (RCA) Europe Capital Trends Q2.
Transactions | Aug 6, 2019 Hines JV sells San Mateo office in one of largest Q2 transactions by Andrea Zander In one of the largest transactions of the second quarter, Diamond Investment Properties has purchased a two-building office development in San Mateo, Calif., for $320 million, reported The Registry.
Transactions | Aug 6, 2019 CBRE Global Investors completes property transactions in Osaka by Released
Research | Aug 6, 2019 CBRE Asia Pacific cap rates reach new low by Andrea Zander Cap rates in the Pacific region will reach a new low, reflecting recent interest rate cuts, reports CBRE.
Transactions | Aug 6, 2019 Gaw acquires Hollywood shopping center by Released DJM, a San Jose, Calif.–based private equity real estate and development firm, and Gaw Capital USA, a Hong Kong– and Los Angeles–based real estate private equity firm, announced the acquisition of Hollywood & Highland in Hollywood, Calif., one of the country’s busiest and most acclaimed shopping centers.
Transactions | Aug 6, 2019 Blackstone buys minority stake in rival by Released Blackstone Alternative Asset Management (BAAM) has acquired a passive, minority investment in BC Partners.
Research | Aug 6, 2019 Top 100 firms’ AUM nearly triples in 10 years by Larry Gray It was only a short 10 years ago that institutional real estate investors and investment managers were sorting through the wreckage caused by the global financial crisis.
Investors | Aug 6, 2019 Thor Equities launches new life sciences platform by Released Thor Equities has created Thor Sciences, a division specializing in the life sciences sector.
Fundraising | Aug 5, 2019 Ascentris holds first close for value-add fund at $105m by Kali Persall Ascentris, a private equity firm based in Denver, has held a first close for its third fund in a series.
