Fundraising | Sep 14, 2018 Blackstone seeks $18b for largest real estate fund by Andrea Zander Blackstone Group has plans to raise $18 billion for its largest real estate fund.
Transactions | Sep 14, 2018 Ares Real Estate Group sells stake in 1,500-room Colorado resort for $270m by Released Ares Management funds managed by its real estate group have agreed to the sale of its investment in the Gaylord Rockies Resort & Convention Center, a 1,500-room hotel and convention center under construction in Aurora, Colo.
Transactions | Sep 14, 2018 Commerz Real acquires the Omniturm in Frankfurt from Tishman Speyer by Released Commerz Real has purchased the Omniturm, currently under construction in Frankfurt’s central business district, for its open-ended real estate fund hausInvest.
Investors | Sep 14, 2018 Virtua Partners invests $500m in Hotel Equities by Andrea Zander Virtua Partners is making a series of investments in Hotel Equities that will total more than $500 million.
People | Sep 14, 2018 Equinix names president and CEO by Andrea Zander Equinix has appointed Charles Meyers to the position of president and CEO, effective immediately.
Transactions | Sep 14, 2018 Recent commercial real estate transactions by Alicia Block Transactions reported this week included the sale of New York City apartments and an office.
Research | Sep 14, 2018 UBS warns of over reliance on inflated bond prices as Europe waits for QE to come to an end by Marek Handzel UBS Asset Management has warned that property pricing may have become too reliant on inflated bond prices and advised investors to heed markets that offer the most defensive returns against a backdrop of tightening monetary policy in Europe.
Fundraising | Sep 14, 2018 Greystar and Credicorp Capital close second Chilean rental housing development fund by Andrea Zander Greystar Real Estate Partners and Credicorp Capital has held a final close on Fondo de Inversión Credicorp Capital Renta Residencial II.
Research | Sep 14, 2018 M&G Real Estate: Paris and Berlin retain positions at top of annual urban connectivity ranking by Andrea Zander M&G Real Estate has released its 2018 Urban Connectivity Report, which ranks Europe’s cities based on their physical and digital infrastructure, as they strive to attract continued investment on a global platform.
Transactions | Sep 14, 2018 Singapore-listed investor buys London office for £183m by Andrea Zander Singapore-based property developer City Developments has acquired a class A commercial building, Aldgate House, in London for £183 million ($240 million).
Investors | Sep 14, 2018 Kentucky Retirement, MassMutual commit to $350m European real estate fund by Andrea Zander Kentucky Retirement Systems (KRS) and MassMutual Life Insurance Company are joint investors in Barings Real Estate’s debut European value-add fund.
Transactions | Sep 13, 2018 Columbia Property Trust and Normandy Real Estate Partners to develop $300m boutique office building in New York by Andrea Zander Columbia Property Trust has entered into an agreement to form a joint venture with Normandy Real Estate Partners to jointly develop 799 Broadway in Manhattan’s Midtown South.
Fundraising | Sep 13, 2018 Hines raises more than €720m in final close by Andrea Zander Hines has closed fundraising for its European Value Fund, with total equity commitments exceeding €720 million ($840 million), surpassing its goal.
Research | Sep 13, 2018 Skilled nursing occupancy hits record low by Andrea Zander Occupancy rates at skilled nursing facilities across the United States continue to fall in urban and rural areas, hitting a new record low of 81.7 percent in the second quarter of 2018, according to the latest quarterly data from the National Investment Center for Seniors Housing & Care (NIC).
Investors | Sep 13, 2018 Connecticut Retirement Plans & Trust Funds commits $50m to U.S. multifamily by Andrea Zander The $34 billion Connecticut Retirement Plans & Trust Funds, Hartford, is considering a $50 million investment to a fund managed by Covenant Capital Group.
Transactions | Sep 13, 2018 Oxford Properties raises offer for Investa by Andrea Zander Canadian landlord Oxford Properties Group, real estate arm of Ontario Municipal Employees Retirement System, has increased its bid for Australian office owner Investa Office Fund.
Transactions | Sep 13, 2018 Allianz Partners business park property in Shanghai by Released Allianz Partners has partnered with Alpha Investment Partner’s Alpha Asia Macro Trends Fund III (AAMTF III) and a co-investor to acquire Bay Valley C6, a class A office asset in Shanghai’s Bay Valley Business Park.
Research | Sep 12, 2018 APAC retailers accelerating overseas expansion by Andrea Zander Asia Pacific retailers are increasingly embracing overseas expansion, accounting for nearly one-third of new entrants in the region. Between 2014 and 2017, the proportion of new APAC retailers increased from 17 percent to 30 percent. Besides food and beverages operators, mid-range fashion and beauty brands are the most active players in the region, followed by luxury retailers, according to CBRE’s “Rise of APAC Retailers 2018” report.
Fundraising | Sep 12, 2018 Locust Point Capital closes $312m senior housing and care debut fund by Andrea Zander Locust Point Capital has closed its debut fund, Locust Point Private Credit Fund.
Investors | Sep 12, 2018 San Francisco invests $25m in Asia Pacific fund by Andrea Zander San Francisco City & County Employees’ Retirement System has plans to invest $25 million to Pamfleet Real Estate Fund III.
