People | Jun 6, 2019 Cromwell appoints Matthew Bird as head of U.K. by Released Real estate investor and manager Cromwell Property Group has appointed Matthew Bird as its head of United Kingdom.
Transactions | Jun 6, 2019 KKR exploring $2b sale of Singapore’s Goodpack by Andrea Zander KKR & Co. has plans to consider selling Goodpack, a Singaporean provider of intermediate bulk containers, according to media outlets, citing people familiar with the matter.
Transactions | Jun 6, 2019 Korean investor buys Western Paris office for €691m by Andrea Zander Icade entered into a bilateral sale agreement with a leading South Korean investor advised by La Française, acting as asset manager and co-investor, for the Crystal Park building located in Paris.
Investors | Jun 6, 2019 Sterling could fall further if front-runner Johnson replaces Theresa May by Marek Handzel The weak pound will decline further should Boris Johnson, the favorite to replace Theresa May, win the contest to become the next U.K. prime minister.
Transactions | Jun 6, 2019 Australian university plans A$1.5b transit-oriented precinct by Andrea Zander Flinders University in Adelaide, Australia, has unveiled a A$1.5 billion ($1.1 billion) plan to build Adelaide’s largest health and education precinct at its Bedford Park campus, reported Urban Developer.
Investors | Jun 6, 2019 South Dakota invests $275m in real estate funds by Kali Persall The South Dakota Investment Council (SDIC) has made two capital commitments of $275 million to real estate funds.
Research | Jun 6, 2019 CMBS delinquency rate falls thanks to legacy loan resolutions by Andrea Zander Despite broader macroeconomic concerns among U.S. equities and brick-and-mortar retail, the CMBS market has remained remarkably resilient in the face of recent volatility, according to Trepp.
Transactions | Jun 6, 2019 Blackstone affiliates pay $211m for Hawaii rental homes by Andrea Zander An affiliate of Blackstone Group has acquired a 520-unit rental homes portfolio in West Oahu, Hawaii, for $211.5 million, Pacific Business News reported, citing public records.
Transactions | Jun 6, 2019 Star Real Estate Ventures purchases $500m multifamily portfolio in Maryland by Released Star Real Estate Ventures has closed on the purchase of five multifamily apartment communities from a global private equity firm.
Transactions | Jun 5, 2019 Brookfield Properties sells Alameda, Calif., office park for $265m by Andrea Zander A venture of DRA Advisors and Local Capital Group has acquired the 1.1 million-square-foot Marina Village Office Park in Alameda, Calif., a suburb of San Francisco, for $265 million.
Transactions | Jun 5, 2019 Deutsche Investment buys Berlin-focused portfolio for €220m by Andrea Zander Deutsche Investment has acquired a residential and commercial portfolio in Berlin for approximately €220 million ($247 million) for its investment funds.
Transactions | Jun 5, 2019 Jay Paul to buy 50 West San Fernando in San Jose for $235m by Andrea Zander San Francisco–based Jay Paul Co. has plans to pay $235 million for the office located at 50 West San Fernando Street in San Jose, Calif.
Investors | Jun 5, 2019 International investors and entrepreneurs launch new climate endowment by Released A group of international investors and entrepreneurs has announced the launch of a Climate Endowment as an urgent response to the Climate Crisis and to the European voters’ outcry for a Green Revolution.
Investors | Jun 5, 2019 New Jersey pension fund to increase real estate target to 7.5% by Kali Persall The $79.51 billion New Jersey Division of Investment (NJSIC) will increase its target allocation to real estate from 7.25 percent to 7.5 percent.
Investors | Jun 5, 2019 Hines begins new €400m logistics investment strategy in Germany by Released Hines is moving ahead with its new investment strategy in the German logistics sector. The company has acquired two development sites in Hamm, Germany.