Fundraising | Aug 22, 2018 Still lookin’ good: H1 2018 tracking well ahead of previous two years by Sheila Hopkins Private real estate fundraising numbers are in for second quarter 2018. They’re lower than those of second quarter 2016 and 2017, but when added to first quarter 2018, they bring the first half of the year total well ahead of the last two years.
Fundraising | Aug 22, 2018 Lendlease, First State Super partner for $2b U.S. multifamily investment vehicle by Jody Barhanovich Lendlease, an international property and infrastructure group, and First State Super, and Australian superannuation fund, have joined forces to establish a new investment platform to develop and hold multifamily assets in U.S. gateway cities.
Fundraising | Aug 22, 2018 GRR Group launches third fund, acquires retail portfolio by Andrea Zander The GRR Group has launched GRR German Retail Fund no. 3 for retail real estate.
Fundraising | Aug 21, 2018 Cerberus seeks more than $500m for rental homes by Andrea Zander Cerberus Capital Management is seeking to raise more than $500 million to buy single-family rental homes amid surging institutional interest in the asset class.
Transactions | Aug 21, 2018 Propst Development to develop $500m Nashville project by Andrea Zander Huntsville, Ala.-based Propst Development has plans for a 1.2 million-square-foot mixed-use development in Nashville.
Research | Aug 21, 2018 U.S. hotels market posts 101 consecutive months of YOY RevPAR growth in July by Jody Barhanovich The U.S. hotel industry reported mixed results in the three key performance metrics during July 2018, according to data from STR.
Fundraising | Aug 21, 2018 GLP closes $4b of European funds, plans future funds across Europe by Jody Barhanovich GLP, a global provider of modern logistics facilities and technology-led solutions, has held a final close.
Transactions | Aug 21, 2018 Rubenstein Partners pays $121m for Chicago office complex by Released CT Acquisitions, a partnership between Philadelphia-based Rubenstein Partners and Chicago-based GlenStar, has acquired Continental Towers located in Rolling Meadows, Ill., for $121.5 million.
Investors | Aug 21, 2018 IPERS’ investment performance yields 7.97% for FY 2018 by Jody Barhanovich The $32.26 billion Iowa Public Employees’ Retirement System (IPERS) investment portfolio reported a 7.97 percent return for the fiscal year ended June 30, 2018, exceeding its benchmark return by 0.18 percent and exceeded the actuarial return assumption of 7 percent.
Investors | Aug 21, 2018 Texas County commits to two real estate funds by Jody Barhanovich The $29.6 billion Texas County & District Retirement System has committed equity to two real estate funds.
People | Aug 21, 2018 Adam Cibik joins Nordic Realty Partners as managing director by Released Nordic Realty Partners has appointed Adam Cibik to managing director to be based out of Austin, effective Sept. 1, 2018.
People | Aug 20, 2018 Aviva Investors appoints Mark Meiklejon as head of real assets investment specialists by Released Aviva Investors, the global asset management business of Aviva has appointed Mark Meiklejon as head of real asset investment specialists.
Fundraising | Aug 20, 2018 Clean Energy Finance Corp. backs Mirvac’s newly launched fund by Andrea Zander Clean Energy Finance Corp. has invested A$50 million ($37 million) in Mirvac’s recently-launched Australian Build-to-Rent Club.
Transactions | Aug 20, 2018 SL Green sells stake in Columbus Circle for $223m by Released SL Green Realty Corp. has sold its 48.9 percent interest in 3 Columbus Circle in New York City to The Moinian Group.
Transactions | Aug 20, 2018 Northwestern Mutual Life, McCarthy Cook JV buys office campus near San Jose by Jody Barhanovich Via NKF Capital Markets, Northwestern Mutual Life Insurance and McCarthy Cook have acquired Castro Station, a three-building class A office campus totaling 114,809 square feet in downtown Mountain View, Calif.
Research | Aug 20, 2018 Greater Los Angeles office markets stabilize by Andrea Zander Most office markets in Greater Los Angeles have stabilized, as average asking rental rates of $3.32 per square foot per month remain unchanged from first quarter 2018, according to Cushman & Wakefield’s “Greater Los Angeles office second quarter 2018” report.
Fundraising | Aug 20, 2018 Brunswick holds final close on Nordics senior debt fund by Jody Barhanovich Brunswick Real Estate Capital, the credit arm of Brunswick Real Estate, has held a final close for its second senior debt fund in the Nordics.
Fundraising | Aug 20, 2018 U.S. buyout firm sets up Vietnam real estate investment fund by Andrea Zander PHI Group has signed a memorandum of understanding for comprehensive cooperation to partner with Hanoi MHD Invest Joint Stock Co, for real estate investment and development activities in Vietnam.
Fundraising | Aug 20, 2018 Anbang to sell $5.5b luxury-hotel portfolio by Andrea Zander Anbang Insurance Group, which was seized by the Chinese government earlier this year, has plans to sell a $5.5 billion portfolio of luxury hotels, the Wall Street Journal reports, citing people familiar with the matter.
Investors | Aug 20, 2018 OCERS seeks investment managing director by Jody Barhanovich The $15.7 billion Orange County Employees Retirement System is searching for a new managing director to take on all duties related to the investment of the portfolio, according to TrustedInsight.
