Transactions | May 13, 2019 KKR expands U.S. industrial property portfolio by Released KKR has acquired two class A industrial distribution buildings totaling 928,270 square feet. The assets are part of KKR’s Alpha Industrial Properties portfolio, a 7 million-square-foot portfolio across eight high-growth markets in the United States.
Transactions | May 13, 2019 Atrium sells €298m of Polish retail assets by Andrea Zander Atrium European Real Estate Limited has entered into an agreement to sell two Polish shopping centers to ECE European Prime Shopping Centre Fund II, a fund managed by ECE Real Estate Partners, for €298 million ($335 million).
People | May 13, 2019 Glenn Mueller wins David Ricardo Medal by Released Dr. Glenn Mueller won the David Ricardo Medal at the 35th annual meeting of the American Real Estate Society, in honor of his major research contributions in real estate market cycles and REITs.
Fundraising | May 13, 2019 Former NJ Governor partners with The Hampshire Cos. for opportunity zone fund by Andrea Zander Former New Jersey Governor Chris Christie has co-founded a property investment fund specializing in opportunity zones, with Hampshire Cos.
Transactions | May 13, 2019 AI European fund makes first deal by Released Smart Estate Fund 1 SCSp, managed by Edmond De Rothschild Private Equity, has acquired its first asset.
Transactions | May 13, 2019 Carlyle Group, Stonehenge NYC recapitalizes The Ritz Plaza by Released Carlyle Property Investors, a real estate fund sponsored by The Carlyle Group, and Stonehenge NYC, through a newly formed joint venture, have recapitalized The Ritz Plaza, Stonehenge NYC’s flagship property.
Transactions | May 13, 2019 GE Boston HQ sells for $252m by Andrea Zander A partnership between Alexandria Real Estate Equities and National Development has acquired General Electric Co.’s 2.7-acre headquarters property in Boston’s Fort Point for $252 million.
Transactions | May 13, 2019 Starwood Capital Group launches first opportunity zone project by Released Greenwich, Conn.–based Starwood Capital Group plans to develop a 147,000-square-foot mixed-use facility in a designated opportunity zone in the Bronx, N.Y.
Investors | May 10, 2019 Long Harbour launches €580m residential venture by Andrea Zander U.K. fund manager Long Harbour has raised its third build-to-rent residential investment venture.
Fundraising | May 10, 2019 Miami firm launches opportunity zone fund by Andrea Zander Coral Gables, Fla.–based hotelier Driftwood Acquisitions and Development has launched its initial qualified opportunity zone fund.
Transactions | May 10, 2019 Foreign capital investment in China increases by Andrea Zander Strong commercial real estate investment demand continued during the first quarter, with $12 billion invested in mainland China, of which 35 percent was led by foreign capital, above the 31 percent share in the previous year, according to Cushman & Wakefield.
Transactions | May 10, 2019 AEW’s Europe City Retail Fund makes first U.K. acquisition for £33m by Released AEW has acquired the former Scottish Stock Exchange building.
Transactions | May 10, 2019 NorthWest Healthcare acquires 11 Australian hospitals for C$1.2b by Released Canada-based NorthWest Healthcare Properties REIT has acquired 11 high-quality Australian hospitals from Healthscope for C$1.2 billion ($895 million).
Research | May 10, 2019 Nordics boom as investors move focus to residential by Marek Handzel Investors’ focus has shifted from commercial property to residential in the Nordics, according to Catella.
Transactions | May 10, 2019 AmTrust Realty to sell Chicago office portfolio for $1.4b by Andrea Zander AmTrust Realty has plans to sell a portfolio of seven Chicago office buildings with 6.3 million square feet, reported media outlets.
Research | May 10, 2019 San Francisco replaces NYC as most expensive market to build by Andrea Zander This year San Francisco replaces New York City in the top spot as the most expensive market for new construction, with costs having increased by 5.0 percent in the past year, according to Turner and Townsend’s International construction market survey 2019.
People | May 10, 2019 Robert McDonnell joins Hunt Commercial Real Estate by Andrea Zander Robert McDonnell has been named COO of Hunt Commercial Real Estate, according to a report in Buffalo Business First.
Research | May 9, 2019 Strong demand for U.K. self-storage sector by Andrea Zander Strong demand for self-storage space in the United Kingdom has resulted in occupancy reaching a record high and outstripping supply, according to new annual research into the sector’s major operator and customer trends from Cushman & Wakefield and The Self Storage Association U.K. (SSA UK).
Investors | May 9, 2019 TRS Louisiana commits to Torchlight debt fund by Andrea Zander The $20.11 billion Teachers’ Retirement System of Louisiana has committed $75 million to a fund managed by Torchlight Investors.
Investors | May 9, 2019 Legal & General launches £2b retirement community program by Released Legal & General has expanded its later living offering with the establishment of Guild Living.
