Research | May 23, 2018 Blockchain-enabled lease contracts to arrive by 2022 by Marek Handzel Real estate investors expect to see the first property lease contracts based on blockchain to emerge by 2022.
Transactions | May 22, 2018 New Los Angeles football stadium tops $4b in costs by Andrea Zander The price tag for the new Los Angeles Stadium at Hollywood Park — the future home of the NFL’s Los Angeles Rams and Los Angeles Chargers — which is currently under construction, has reached $4.25 billion.
Transactions | May 22, 2018 Facebook signs full lease of Park Tower in San Francisco by Andrea Zander MetLife Investment Management in partnership with The John Buck Co. and Golub & Co., announced that Facebook has signed a long-term lease for all of Park Tower at Transbay, one of San Francisco’s newest class A office buildings.
Investors | May 22, 2018 HIERS commits $20m to Japan-focused opportunity fund by Jody Barhanovich The $16.3 billion Employees’ Retirement System of the State of Hawaii has committed up to $20 million to a Japan-focused opportunity real estate fund.
Investors | May 22, 2018 HANSAINVEST Real Assets plans to invest around €300m in logistics properties by the end of 2019 by Released HANSAINVEST Real Assets GmbH intends to significantly expand its logistics property portfolio. The firm plans to acquire logistics assets with a volume of €200 million to €300 million ($235 million to $350 million) by the end of 2019.
Fundraising | May 22, 2018 NREP launches €900m Nordic fund by Andrea Zander NREP has established a €900 million ($1.1 billion) fund to invest in underserved real estate segments in the Nordics, such as student housing, flexible living for young professionals, low- and middle-income rental apartments, active senior co-living, care homes, community retail centers, and modern logistics.
Investors | May 22, 2018 USS and PfP create £330m JV to target U.K. PRS by Andrea Zander The £60 billion Universities Superannuation Scheme (USS) has entered into a £330 million ($444 million) joint venture with Places for People (PfP) to acquire a range of private rented residential assets.
Transactions | May 22, 2018 Swift Real Estate Partners purchases San Francisco office for $109m by Andrea Zander Swift Real Estate Partners has paid $109.8 million for 1390 Market Street, a transit-oriented, 219,711-square-foot office building with ground-floor retail in San Francisco.
Transactions | May 22, 2018 Ohio STRS invests $432m in Manhattan office building by Jody Barhanovich The $77.6 billion State Teachers Retirement System of Ohio has paid $431.9 million for a 20 percent stake in a New York office building in Hudson Yards.
Investors | May 22, 2018 Texas ERS plans to commit $550m to private real estate in FY 2019 by Jody Barhanovich The Employees Retirement System of Texas’ targeted new real estate commitments for fiscal year 2019 are $550 million.
Investors | May 22, 2018 BC Partners launches real estate strategy by Andrea Zander London-based private equity group BC Partners is creating a new arm, BC Partners Real Estate, to focus on property investment.
Transactions | May 22, 2018 GIC and Rockwood Capital in venture to acquire and develop office portfolio in Playa Vista, Calif. by Andrea Zander GIC, Singapore’s sovereign wealth fund, and a group of investors, have formed a joint venture led by Rockwood Capital, to acquire a portfolio of class A office assets in Playa Vista, Los Angeles, Calif.
Transactions | May 21, 2018 ESR-REIT to merge with Viva Industrial Trust by Andrea Zander Singapore-based ESR-REIT has plans to merge with rival Viva Industrial Trust to create the fourth largest industrial real estate investment trust in the city-state, with approximately $2.23 billion in assets.
Transactions | May 21, 2018 Park Hotels & Resorts sells Hilton Berlin for €297m by Andrea Zander Park Hotels & Resorts has closed on the sale of the 601-room Hilton Berlin for €297 million ($349 million).
Investors | May 21, 2018 Minnesota SBI commits $250m to Angelo, Gordon funds by Jody Barhanovich The $93.5 billion Minnesota State Board of Investment has committed a total of up to $250 million to two Angelo, Gordon & Co. real estate funds.
Transactions | May 21, 2018 Blackstone agrees to $4.8b LaSalle Hotel deal by Andrea Zander Affiliates of Blackstone Real Estate Partners VIII, managed by Blackstone Group, have plans to purchase U.S. hotel owner LaSalle Hotel Properties in an all-cash transaction valued at $4.8 billion.
Investors | May 21, 2018 Amro Real Estate Partners announces major student accommodation rollout across Southern Europe by Andrea Zander Amro Real Estate Partners has plans to expand its reach across southern Europe to capitalize on the potential of the purpose-built student housing market in Spain and Portugal.
Transactions | May 21, 2018 People’s Republic of China buys site for new London embassy from Delancey by Andrea Zander A joint venture between client funds of real estate investment advisory company Delancey and the LRC Group has completed the sale of the iconic Royal Mint Court site, to the People’s Republic of China.
People | May 18, 2018 The Swig Co. announces new CEO by Released Jim Carbone has been selected to become the next CEO of The Swig Co., a privately held San Francisco–based real estate investment company.
Transactions | May 18, 2018 Seagis buys industrial portfolio in NYC by Jody Barhanovich Seagis Property Group has acquired six warehouse buildings totaling 68,000 square feet in the JFK Submarket of South Queens
