Fundraising | Sep 6, 2018 Niam holds €280m final close for second core-plus Nordic fund by Jody Barhanovich Niam AB, a private equity real estate firm based in Stockholm, has held a final close for Niam Nordic Core-Plus Fund II.
Research | Sep 6, 2018 Modern office space occupies 28% of supply in Poland by Andrea Zander Business services centers occupy more than 2.5 million square meters (27 million square feet) of the Polish office market, according to new estimates by JLL. Traditionally, the business services sector has the highest percentage of occupied office space in Kraków (61 percent).
Transactions | Sep 6, 2018 LaSalle Hotel Properties selects Pebblebrook by Released Pebblebrook Hotel Trust and LaSalle Hotel Properties have entered into a definitive merger agreement under which Pebblebrook will acquire 100 percent of LaSalle’s outstanding common shares.
People | Sep 6, 2018 Invesco Real Estate adds to residential investment team by Andrea Zander Invesco Real Estate has appointed Victoria Stanley as director of fund management for residential investment.
Fundraising | Sep 5, 2018 Brookfield, Fairfield Residential hold $1b final close by Jody Barhanovich Brookfield Asset Management and Fairfield Residential have held a $1 billion final close for largest U.S. multifamily value-add fund.
People | Sep 5, 2018 JLL expands its global funds advisory footprint into Japan by Released JLL has named Sumihiro Hiratsuka as head of Japan global funds advisory.
Fundraising | Sep 5, 2018 Partners Group holds €2b final close for private real estate secondaries program by Jody Barhanovich Partners Group, the global private markets investment manager, has reached its target after raising €2 billion ($2.3 billion) for its third dedicated private real estate secondaries program.
Research | Sep 5, 2018 Germany named Europe’s most important logistics real estate market by Andrea Zander The logistics real estate market is booming, having followed a dynamic growth trajectory throughout Europe in recent years and experiencing a sustained upturn. Cushman & Wakefield Research & Insight forecasts average annual growth of 1.6 percent in prime rents in the European markets.
Research | Sep 5, 2018 CMBS delinquency rate drops 17bps in August by Jody Barhanovich The Trepp CMBS Delinquency Rate continued to fall in August, according to Trepp. The overall delinquency rate for U.S. commercial real estate loans in CMBS is now 3.64 percent, a decrease of 17 basis points from the July level.
Transactions | Sep 5, 2018 Lexington Realty sells office portfolio for $726m by Released Lexington Realty Trust has disposed of a 21-office asset portfolio for $726 million.
People | Sep 5, 2018 CBL Properties announces retirement of COO Gus Stephas by Released CBL Properties has announced the retirement of Gus Stephas, CBL’s EVP – COO.
Investors | Sep 5, 2018 Louisiana SERS commits $30m to real estate fund by Jody Barhanovich The $1.9 billion Louisiana School Employees’ Retirement System has committed $30 million to a fnd managed by Henderson Park Capital Partners.
Research | Sep 5, 2018 First signs of pricing and rental correction appear in U.K. retail by Marek Handzel The United Kingdom’s retail sector is showing signs of a pricing and rental correction, according to UBS Asset Management – Real Estate & Private Markets.
Investors | Sep 5, 2018 Recent commercial real estate commitments by Loretta Clodfelter IREI’s FundTracker captured 29 real estate commitments in the past month.
Transactions | Sep 5, 2018 MPT enters 50% JV with Primonial, marking largest real estate healthcare transaction in Europe by Andrea Zander Medical Properties Trust (MPT) has sold a 50 percent stake in its MEDIAN Kliniken portfolio in Germany.
Transactions | Sep 5, 2018 Aberdeen Standard Investments Fund makes two deals by Released Aberdeen Standard Investments has agreed two deals for its Pan-European Residential Property Fund, a total investment of €120 million ($139 million) in Paris and Vienna.
Transactions | Sep 5, 2018 Ascentris stabilizes Austin office properties, plans additional development by Released Ascentris, a Denver-based real estate private equity firm, announced today the stabilization of Paloma Ridge, a 211,000-square-foot class A office campus.
Fundraising | Sep 4, 2018 Bentall Kennedy holds C$305m final close for Canadian property fund by Jody Barhanovich Bentall Kennedy (Canada) Limited Partnership, a Sun Life Investment Management company and a global real estate investment adviser, has held a C$305 million ($231.2 million) final close.
Transactions | Sep 4, 2018 Canada’s Oxford battles Blackstone for Investa by Andrea Zander Oxford Properties Group, the investment arm of Ontario Municipal Employees Retirement System, has placed a last-minute A$3.3 million ($2.4 billion) bid for Australian office owner Investa Office Fund.
Transactions | Sep 4, 2018 CityCenter Holdings sells Mandarin Oriental Las Vegas for $214m by Andrea Zander CityCenter Holdings, a venture between MGM Resorts International MGM and Infinity World Development Corp, has closed on the sale of the Mandarin Oriental Las Vegas.
