Investors | Apr 30, 2018 Florida commits $100m to Asian fund by Andrea Zander The $204.9 billion State Board of Administration of Florida has committed $100 million to a fund managed by AEW Capital Management.
Transactions | Apr 30, 2018 CoStar reports Wynn family to sell real estate portfolio by Andrea Zander Wynn Group of Companies has agreed to sell more than $1 billion of assets to Timbercreek Asset Management, according to CoStar Group.
Transactions | Apr 30, 2018 Japan to welcome its first BVLGARI Hotel in Tokyo by Released Mitsui Fudosan Co. has entered into an agreement with hotel operator Bvlgari.
Fundraising | Apr 30, 2018 KFIM fund raises £750m by Andrea Zander Knight Frank Investment Management’s Long Income Property Unit Trust (KFIM LIPUT) has held a third close.
Investors | Apr 30, 2018 JD.com buys 10% stake in Chinese logistics giant for $114m by Andrea Zander JD Subscriber, a subsidiary of JD.com, China’s second-largest e-commerce company, has bought a 10 percent stake in China Logistics Property Holdings (CNLP/Group) for $114.55 million.
Transactions | Apr 30, 2018 Kobe Steel sells majority of real estate unit for $678m by Andrea Zander Japan’s third-largest steelmaker Kobe Steel has sold 75 percent in its real estate unit for $678 million.
Transactions | Apr 30, 2018 Prologis to buy DCT Industrial for $8.4b by Andrea Zander Prologis has agreed to buy logistics-property owner DCT Industrial Trust for $8.4 billion including debt.
Research | Apr 30, 2018 Spain’s resi market set to deliver some of the best returns in Europe by Marek Handzel Spain’s residential rental market is set to deliver some of the best returns in Europe, according to a new study by Green Street Advisors.
Transactions | Apr 27, 2018 Japanese investor acquires Crescent Communities by Andrea Zander Crescent Communities has been sold three of its key businesses to Sumitomo Forestry America, a wholly-owned subsidiary of Japan-based Sumitomo Forestry Co.
Transactions | Apr 27, 2018 Aimco exits affordable housing business in $590m sale by Released Apartment Investment and Management Co. (Aimco) has sold its Asset Management portfolio and four affordable real estate communities to Related Cos.’s affordable division for $590 million.
Transactions | Apr 27, 2018 Recent commercial real estate transactions by Roxy Rhodes Transactions reported this week included an office in San Mateo.
Fundraising | Apr 27, 2018 Time Equities closes third fund by Andrea Zander Time Equities, a real estate investment, development and asset management firm headquartered in New York City, has closed its TEI Diversified Income & Opportunity Fund III.
Investors | Apr 27, 2018 Legal & General launches affordable housing arm by Released Legal & General has launched Legal & General Affordable Homes, a new wholly owned affordable housing provider.
Investors | Apr 27, 2018 Arizona PSPRS to commit €50m to real estate by Andrea Zander The Arizona Public Safety Personnel Retirement System has plans to make follow-on commitment to a Benson Elliot Capital Management fund series.
Transactions | Apr 27, 2018 Madison International takes half stake in €350m Warsaw Spire tower by Andrea Zander Madison International Real Estate Liquidity Fund VI has taken a 50 percent stake in the Warsaw Spire office tower, becoming an equal owner alongside the Ghelamco GP12 fund.
Transactions | Apr 27, 2018 Germany’s BVK buys Paris Apple store for €600m by Andrea Zander Hines and Universal-Investment, on behalf of German pension fund Bayerische Versorgungskammer, have acquired 114 Champs-Elysées, Paris, a 59,202-square-foot retail asset, for €600 million ($726 million).
Investors | Apr 27, 2018 Alameda County pension fund commits $25m to AEW fund by Andrea Zander The $8.7 billion Alameda County (Calif.) Employees’ Retirement Association has approved a $25 million commitment to a fund managed by AEW Capital Management.
Investors | Apr 27, 2018 Legal & General wins £4b mandate from Brunel superfund by Andrea Zander Legal & General Investment Managers has been awarded a £4 billion ($5.5 billion) mandate from Brunel Pension Partnership, making it the first asset manager to be chosen by the pooled local authority scheme.
People | Apr 27, 2018 Thomas O’Hern named CEO of Macerich Co. by Released The Macerich Co. has named Thomas O’Hern as its CEO.
People | Apr 27, 2018 Frank Tansey passes away by Andrea Zander Francis Xavier Tansey, the co-founder of DRA Advisors, has passed away at the age of 73.
