Fundraising | Feb 4, 2019 Wood Partners markets new $400m multifamily fund by Jody Barhanovich Wood Partners, an Atlanta-based multifamily real estate developer, is seeking $400 million in capital for its newest multifamily real estate fund.
People | Feb 1, 2019 Starwood Capital hires executive to lead new opportunity zone investment business by Released Starwood Capital Group has hired Anthony Balestrieri as a senior vice president to lead Starwood Capital's Opportunity Zone investment business.
Transactions | Feb 1, 2019 NorthWest buys C$1.2b hospital portfolio by Released NWH Australia AssetCo Pty Ltd., as trustee for NWH Australia Asset Trust, a controlled entity of Canada-based NorthWest Healthcare Properties Real Estate Investment Trust, has entered into definitive agreements to acquire 11 freehold hospital property assets in Australia.
Transactions | Feb 1, 2019 Equity Commonwealth to sell office tower in Philadelphia for $451m by Andrea Zander Equity Commonwealth has plans to sell BNY Mellon Bank Center, a 55-story, 1.3 million-square-foot office building located at 1735 Market St. in downtown Philadelphia for $451.6 million.
Investors | Feb 1, 2019 Ventura County (Calif.) commits $100m to LaSalle Income & Growth fund by Jody Barhanovich The $5.7 billion Ventura County (Calif.) Employees Retirement Association (VCERA) has committed $100 million toward a fund managed by LaSalle Investment Management.
Research | Feb 1, 2019 Life sciences: Limited supply, increasing demand driving increased real estate costs by Andrea Zander Increased investment and employment in the life sciences sector has driven life sciences–related real estate to new heights, according to Cushman & Wakefield’s new report, Life Science: Great Promise & Rapid Growth. The research provides a big-picture overview of the life sciences sector and its impact on commercial real estate as well as more granular insights into 13 top life sciences markets in the United States and Canada.
Transactions | Feb 1, 2019 Baltimore-based research university buys D.C. property for $372m by Andrea Zander Baltimore-based research university Johns Hopkins University has agreed to pay $372.5 million for the Newseum Building in Washington, D.C., from the Freedom Forum.
Research | Feb 1, 2019 Jobs increase in leisure and hospitality sector, indicating a strengthening real estate market by Andrea Zander In January, employment in leisure and hospitality rose by 74,000. Within the industry, job gains occurred in food services and drinking places (up 37,000) and in amusements, gambling, and recreation (up 32,000). Over the year, leisure and hospitality has added 410,000 jobs.
Transactions | Feb 1, 2019 Allianz RE, CBRE GIP buys SEK 4b logistics portfolio by Andrea Zander Allianz Real Estate and CBRE GIP have completed the acquisition of a portfolio of logistics assets via a dedicated Norwegian fund managed by NRP.
Transactions | Feb 1, 2019 Peakside Capital JV acquires hotel in Austria by Andrea Zander KD Adriatic Value Fund in partnership with Peakside Capital, has finalized the acquisition of the Austria Trend Hotel.
Fundraising | Jan 31, 2019 Brookfield holds $15b final close on largest private fund to date by Jody Barhanovich Brookfield Asset Management (Brookfield), a Toronto-based global alternative asset manager, has held a $15 billion final close.
People | Jan 31, 2019 PGGM names temporary CEO by Andrea Zander Kees Beuving has been appointed as acting chairman of the board of directors and temporary chief executive of PGGM NV by the supervisory board of PGGM.
Research | Jan 31, 2019 U.K. PRS investment reached record levels in 2018 by Released Institutional investment into the United Kingdom’s private rented sector (PRS) reached a record total of £3.1 billion ($4 billion) in 2018, up 33 percent from 2017, according to CBRE’s latest U.K. Residential Investment report.
Research | Jan 31, 2019 Brexit: More and more British asset managers seeking cooperation with German or Luxembourgish third-party AIFMs by Andrea Zander A no-deal Brexit is becoming an increasingly likely scenario. For this reason, interest from British real estate fund providers in cooperating with German or Luxembourgish third-party real estate AIFMs is soaring, according to INTREAL, a third-party AIFM.
Transactions | Jan 31, 2019 RMR Office Property Fund purchases office building in Richmond, Va. by Released The RMR Office Property Fund has acquired 9954 Mayland Drive, a 355,449-square-foot, multi-tenant class A office building located in Richmond, Va.
Research | Jan 31, 2019 NCREIF: Timberland index returns 0.97% for Q4 2018 by Jody Barhanovich The National Council of Real Estate Investment Fiduciaries (NCREIF) has released fourth quarter 2018 results of the NCREIF Timberland Index.
Investors | Jan 31, 2019 Merced County puts $5m toward Rockpoint real estate fund by Jody Barhanovich The $778 million Merced County (Calif.) Employees’ Retirement Association has committed $5 million to a fund managed by Rockpoint Group.
Transactions | Jan 31, 2019 Invesco executes first direct investment in Portugal by Andrea Zander Invesco Real Estate has acquired a fully-occupied logistics park in north Lisbon, on behalf of one Bayerische Versorgungskammer (BVK) for its first logistics purchase in Portugal.
Transactions | Jan 31, 2019 San Francisco office complex placed on the market by Andrea Zander San Francisco–based Gerson Bakar and Associates has plans to put the 800,000-square-foot Levi’s Plaza office complex in San Francisco, on the market.
Research | Jan 31, 2019 Chinese investors pull back on U.S. real estate by Andrea Zander Chinese individuals and entities sold $854 million more in U.S. commercial real estate than they bought in the fourth quarter 2018.
