Transactions | Oct 12, 2017 TH Real Estate completes sale of 685 Third Avenue to Japanese investor by Released TH Real Estate has closed the sale of 685 Third Avenue.
Transactions | Oct 12, 2017 Eco Group unveils $800m mixed-use development in North Carolina by Andrea Waitrovich Eco Group has unveiled plans for an $800 million mixed-use project in Pittsboro, N.C.
People | Oct 12, 2017 JLL names new head of South Korea business by Released JLL has appointed Chae Hun Chang as the firm’s head of South Korea Business.
Transactions | Oct 12, 2017 Columbia Property Trust buys two NYC properties for $514m by Andrea Waitrovich Columbia Property Trust has acquired two Midtown South office assets from New York REIT for $514 million.
Transactions | Oct 12, 2017 Two developers propose four new towers in Chicago by Andrea Waitrovich In separate projects, two developers have filed for approval to build four towers in Chicago.
Investors | Oct 12, 2017 CPPIB invests $350m in Singapore data center fund by Released Canada Pension Plan Investment Board has partnered with Alpha Investment Partners and Keppel Data Centers Holdings.
Investors | Oct 12, 2017 St. Louis Public School Retirement System invests $8m to ElmTree by Andrea Waitrovich St. Louis Public School Retirement System committed $8 million to a value-added real estate fund managed by ElmTree Funds.
Investors | Oct 12, 2017 Allianz creates $500m India-focused fund by Andrea Waitrovich Allianz has partnered up with Indian Sharpoorji Pallonji Group to establish a fund worth $500 million, targeting the office market in India.
Transactions | Oct 12, 2017 Columbia Property Trust JV pays $421m for Washington, D.C., office by Andrea Waitrovich A joint venture between Columbia Property Trust and Allianz Real Estate of America has purchased 1800 M St., a 580,930-square-foot, recently repositioned, class A office building in Washington, D.C.
Transactions | Oct 11, 2017 Hopson JV sells Beijing office tower for $553m by Andrea Waitrovich Hopson Development and BMI Funds as agreed to sell a 20-story, class A office tower in Beijing for RMB 3.67 billion ($552.6 million).
Investors | Oct 11, 2017 Yale’s Endowment returns 11.3% for fiscal year by Jody Barhanovich Yale’s endowment earned an 11.3 percent investment return for the year ending June 30, 2017.
Transactions | Oct 11, 2017 Another $1b data center coming to Northern Virginia by Andrea Waitrovich Santa Clara, Calif.-based Vantage Data Centers has acquired 42 acres in Ashburn, Va., known as “Data Center Alley,” to build a $1 billion data center campus.
Investors | Oct 11, 2017 Patrizia wins €200m pan-European, value-added mandate by Released Patrizia has received a separate account from a large pension fund based in northern Germany.
Fundraising | Oct 11, 2017 Deutsche AM raises €568m in first close of new pan-European fund by Andrea Waitrovich Deutsche Asset Management has completed the first close of its new open-ended fund.
Investors | Oct 11, 2017 NYC pension funds invest $450m in affordable housing by Jody Barhanovich The New York City Pension Funds will invest a total of $450 million to purchase and support non-predatory mortgages for everyday New Yorkers and support affordable housing across the five boroughs.
Investors | Oct 11, 2017 Washington, D.C., pension commits $30m to real estate fund by Jody Barhanovich District of Columbia Retirement Board has committed $30 million to a fund managed by Centerbridge Partners.
Transactions | Oct 11, 2017 Hong Kong investor buys London office for £152m by Released Grosvenor Europe has completed the sale of 10 Grosvenor Street on behalf of Grosvenor London Office Fund.
Research | Oct 11, 2017 Office and hotel sectors to provide biggest property investment opportunities by Andrea Waitrovich More than a third (34 percent) of institutional investors believe the biggest real estate investment opportunities will be found in the office sector and the same number in the hotel & hospitality industry over the next 12 months, according to BrickVest.
Transactions | Oct 11, 2017 Multiplex to build $2.8b Melbourne development by Andrea Waitrovich OSK Property Holdings Bhd and the Employee Provident Fund Malaysia (EPF) have appointed Multiplex, a Brookfield company, to develop the first phase of the $2.8 billion Melbourne Square development in Melbourne, Australia.
Fundraising | Oct 11, 2017 KKR holds $1.1b final close for real estate fund by Jody Barhanovich KKR, a leading global investment firm, has held a $1.1 billion final close.
