People | May 11, 2018 Edgar Alvarado named senior advisor to Sundial Park Group by Released Sundial Park Group has announced Edgar Alvarado, former group head of Allstate’s Real Estate Equity Investments and head of EA Advisory, has joined the firm as a senior advisor.
Transactions | May 11, 2018 AEG proposes $1.2b L.A. Convention Center expansion by Andrea Zander The operator of the Los Angeles Convention Center, Anschutz Entertainment Group (AEG), has proposed a $1.2 billion expansion of the convention center and the nearby JW Marriott L.A. Live hotel, according to The Los Angeles Times.
Fundraising | May 11, 2018 Area One Farms launches two new farm partnership funds by Andrea Zander Area One Farms, a Toronto-based investor that builds equity partnerships with Canadian farmers, has launched Area One Farms Fund IV and Fund V.
Transactions | May 11, 2018 Recent commercial real estate transactions by Roxy Rhodes Transactions reported this week included an apartment complex in New York City.
People | May 11, 2018 Vicki Fuller to retire as CIO of New York State Common by Jody Barhanovich Vicki Fuller, current chief investment officer of the New York State Common Retirement Fund, will retire this summer after a six-year tenure.
Investors | May 11, 2018 Texas County commits $75m to KSL fund by Jody Barhanovich The $29.6 billion Texas County & District Retirement System has committed $75 million to a fund managed by KSL Capital Partners.
Fundraising | May 11, 2018 GLP establishes $1.6b logistics fund by Andrea Zander Singapore-based GLP has established its first fund investing beyond real estate.
Fundraising | May 11, 2018 Embarcadero Capital Partners holds $140m final close by Jody Barhanovich Embarcadero Capital Partners has held a $140 million final close its value-added, opportunistic real estate fund.
Transactions | May 10, 2018 Korean investor buys Philadelphia office building by Andrea Zander Coretrust Capital Partners, as U.S. asset manager for Korea Investment Management Co., has advised KIM in the acquisition of 5 Crescent Drive, a 208,000-square-foot office building in the Navy Yard submarket of Philadelphia.
Research | May 10, 2018 U.S. REITs return 0.5% in April by Loretta Clodfelter REITs turned in a middling performance in April, with a total return of 0.5 percent, according to the FTSE Nareit All Equity REITs Index, but are still in the red, year-to-date.
Research | May 10, 2018 Transaction volume exceeds expectations in first quarter 2018 by Andrea Zander Transaction volumes exceeded expectations in the first quarter of 2018 with 4.7 percent year-over-year growth, according to JLL’s Q1 2018 United States Investment Quick Look.
Transactions | May 10, 2018 Facebook plans $1.5b expansion for Iowa data center by Jody Barhanovich Facebook has plans to expand its Altoona, Iowa, data center in a projected $1.5 billion spend, according to local news source KCCI Des Moines.
Fundraising | May 10, 2018 Pan-Africa JV raises $212m by Andrea Zander Investec Asset Management, Growthpoint Properties and International Finance Corp. have received $212 million in equity commitments for a pan-African real estate investment joint venture.
Transactions | May 10, 2018 JV plans $600m mixed-use project in Georgia by Jody Barhanovich A joint venture that consists of ELV Associates, Mariner Group and Regent Partners has unveiled the development plans for a $600 million mixed-use project in Savannah, Ga.
Transactions | May 10, 2018 Zagame Corp. lists six gaming hotels for A$300m by Andrea Zander Zagame Corp. has plans to sell six properties across Australia and Vanuatu for approximately A$300 million ($225 million).
Investors | May 10, 2018 Dubai’s Relam Investment to invest $250m in India by Andrea Zander Dubai-based Relam Investment has entered the Indian market with an initial commitment to invest $250 million in real estate over the next five years.
Transactions | May 10, 2018 Caesars sells two more assets by Andrea Zander Caesars Entertainment Corp. has sold two real estate assets to VICI Properties.
Investors | May 10, 2018 Interest in alternative real estate heating up in China: ANREV China Conference 2018 by Released Real estate investors in Asia Pacific are showing growing appetite for alternative sectors in China, with real estate classes such as senior housing, multifamily units, data centers and real estate debt all set to benefit, according to panelists and attendees at this year’s ANREV China Conference.
People | May 9, 2018 Tom Arnold set to head ADIA’s real estate by Andrea Zander Tom Arnold has been named global head of real estate for the Abu Dhabi Investment Authority (ADIA).
Transactions | May 9, 2018 Venture closes on $905m acquisition of Brooklyn apartment complex by Andrea Zander A joint venture of Brooksville Co. and Rockpoint Group has completed the acquisition of Starrett City, a 5,881-unit affordable housing development in Brooklyn.
