Transactions | Jan 28, 2019 Australian group sells Czech industrial park by Andrea Zander Cromwell Property Group has completed the disposal of the Pohořelice Industrial Park.
Transactions | Jan 28, 2019 AXA Investment Managers – Real Assets enters Irish care home sector by Released AXA Investment Managers – Real Assets has completed, on behalf of a client and as part of its structurally supported alternative asset classes strategy, the acquisition of a portfolio of 10 purpose-built care homes in Ireland.
Transactions | Jan 28, 2019 M7’s first dedicated French fund fully invested by Released M7 Real Estate, on behalf of M7 French Active Fund (M7 FAF), has acquired four multi-let office and light industrial assets in France.
Transactions | Jan 28, 2019 STAM Europe fund buys office asset in France from Patrizia by Released Stam Europe has acquired from Patrizia Immobilien, on behalf of the Madeleine Fund, a mixed-use office and business complex.
Fundraising | Jan 28, 2019 CIM launches $5b opportunity zone fund by Andrea Zander CIM Group has expanded its focus on investing in opportunity zones.
Transactions | Jan 25, 2019 Phoenix City Council approves $230m downtown arena renovation by Andrea Zander The Phoenix City Council has agreed to help finance the $235 million renovation of the 30-year-old downtown Talking Stick Resort Arena, home to the NBA’s Phoenix Suns, Phoenix Mercury, Arizona Rattlers and numerous concerts and other live events.
Transactions | Jan 25, 2019 Starwood Capital acquires properties in Spain for €125m by Released Starwood Capital Group has acquired the Omega office park in Madrid and the Pallars office park in Barcelona from affiliates of Autonomy Capital for €125 million ($142 million).
Transactions | Jan 25, 2019 Anbang to place U.S. HQ on the market by Andrea Zander Anbang Insurance Group Co., the Chinese conglomerate that is dismantling its global empire, has plans to sell its Manhattan office headquarters.
Research | Jan 25, 2019 London hotel investment reached €3b in 2018 by Marek Handzel Overseas investment has seen London’s hotel sector attract £2.6 billion ($3.4 billion) of investment in 2018, according to Savills.
Fundraising | Jan 25, 2019 CITIC Capital to raise $2b investment fund by Andrea Zander CITIC Capital, the flagship investment arm of Chinese financial conglomerate CITIC Group, has plans to raise a new $2 billion fund, according to Reuters.
Transactions | Jan 25, 2019 Tritax Big Box to acquire 87% interest in db Symmetry by Andrea Zander DBS HoldCo, a wholly owned subsidiary of Tritax Big Box REIT, has conditionally agreed to acquire an 87 percent interest in db Symmetry.
Transactions | Jan 25, 2019 Recent commercial real estate transactions by Alicia Block Transactions reported this week included an office portfolio.
Transactions | Jan 25, 2019 Chicago Plan Commission approves $6b Chicago waterfront development by Andrea Zander The Chicago Plan Commission has approved a $6 billion development that would transform 55 acres along the North Branch of the Chicago River.
Investors | Jan 25, 2019 OP&F nears real estate portfolio target allocation in 2018 by Andrea Zander The $15 billion Ohio Police & Fire Pension Fund investment reported its third-quarter 2018 performance.
Investors | Jan 25, 2019 Poste Vita and Generali Real Estate create joint venture by Released Poste Vita and Generali Real Estate have signed a frame agreement aimed at co-investing in the European real estate sector.
People | Jan 25, 2019 Simon Property Group president and COO resigns by Released Richard Sokolov has resigned from his position as president and COO of Simon Property Group.
Investors | Jan 24, 2019 New Mexico State Investment Council backs new Ares fund by Andrea Zander The $23.1 billion New Mexico State Investment Council has committed $75 million to Ares Real Estate Enhanced Income Fund, managed by Ares Management.
Transactions | Jan 24, 2019 Los Angeles city council approves $1b mixed-use project in Hollywood by Andrea Zander Harridge Development Group has won approval from the Los Angeles city council for a $1 billion mixed-use project in the city’s Hollywood area.
Transactions | Jan 24, 2019 SL Green to sell News Building in Midtown Manhattan by Andrea Zander SL Green Realty is considering selling the Art Deco “News Building” at 220 East 42nd St. in Midtown Manhattan with a $1 billion price tag, according to The Real Deal.
Investors | Jan 24, 2019 If you are in the real estate sector, you should be allocating to debt by Jody Barhanovich At Institutional Real Estate, Inc.’s 2019 Visions, Insights & Perspectives (VIP) Americas conference in Carlsbad, Calif., the panelists during the U.S. Capital Flow Trends with IREI: FundTracker discussion agreed that “if you are in the real estate sector, you should be allocating to debt,” especially at this point of the real estate cycle. Debt is a lower risk, and the beauty of it is that you can get short-term returns, the panelists said.
