Investors | Aug 22, 2024 Europe needs more façade renovation, rather than building demolition by Marek Handzel A far larger number of urban European buildings should have their façades refurbished in order to increase their value and increase sustainability within real estate markets, according to Vincent Nobel, head of asset based lending at Federated Hermes.
Investors | Aug 21, 2024 Canada Pension Plan Investment Board invests €500m to Blackstone Real Estate Partners Europe VII by Andrea Zander Canada Pension Plan Investment Board has committed €500 million ($555 million) to Blackstone Real Estate Partners Europe VII, which invests in under-managed, well-located real estate assets across Europe, according to its release. Â
Research | Aug 21, 2024 Data and risk remain key challenges to scaling generative AI, says Deloitte survey by Released Survey respondents say that while their senior executives and board members are still intrigued by Generative AI (GenAI), there are signs of enthusiasm beginning to wane as the "new technology" shine wears off.
Investors | Aug 21, 2024 Salter Brothers announces strategic partnership with Tokyo Century Corporation in Japan by Released Salter Brothers has formed a strategic partnership with TC Hotels & Resorts Beppu Corporation (TCH&R-B), a wholly owned subsidiary of Tokyo Century Corporation, to pursue hotel and hospitality opportunities in Japan. Â
Transactions | Aug 21, 2024 Manulife Investment Management, Kenedix make multifamily portfolio acquisition in Japan by Released Manulife Investment Management and Kenedix has announced the successful acquisition of a JPY 23 billion ($158.7 million) nine-asset, high-quality multifamily portfolio in Japan.Â
People | Aug 21, 2024 Landmark Properties expands European team, appointing Alex Katsnelson as senior director of European investment by Released Landmark has appointed Alex Katsnelson as senior director of European investment.
Investors | Aug 21, 2024 NextGen IOS: A technology-driven approach to an old school segment of CRE by Chris Green, CEO, GreenPoint Partners Traditional industrial outdoor storage (IOS) has received a lot of attention over the past few years as investors have expanded their search for higher yielding assets. IOS is typically characterized by low ongoing Capex and involves triple-net, multi-year leases of space to a single tenant.
Research | Aug 21, 2024 With strong gains in the stock market, will opportunity zones make a comeback? by Peter Ciganik and Timothy Bernstein, GTIS Partners With more than $38 billion of capital raised through second quarter 2024, Qualified Opportunity Zone Funds (QOFs) have become an important source of capital for community investment and development. While capital raising and deployment slowed in 2023 in the midst of a challenging real estate market and decrease in capital gains events, QOFs have continued to raise money at a solid pace.
Fundraising | Aug 20, 2024 Cortland announces $1.5b close for sixth value-add multifamily fund by ANDREA Zander Cortland has held a close for its Cortland Enhanced Value Fund (CEVF) VI, L.P. and its affiliated entities, securing $1.5 billion in commitments, exceeding its $1.0 billion target.Â
Fundraising | Aug 20, 2024 Dermody Properties raises $1b for Industrial Fund IV by Andrea Zander Dermody Properties has closed its fourth commingled fund, Dermody Properties Industrial Fund IV, L.P. (DPIF IV), securing $1.043 billion in capital commitments.Â
People | Aug 20, 2024 INREV names new chief executive by Andrea Zander INREV has announced the appointment of Casper Hesp as its new CEO, according to media outlets.
Investors | Aug 20, 2024 IOS sector on the rise with institutional capital, says Zenith by Andrea Zander The industrial outdoor storage (IOS) sector is rapidly gaining momentum in the United States, emerging as a key player in the industrial real estate landscape.
Investors | Aug 20, 2024 The Dot Group secures long-term financing relationship with Blue Owl’s GP strategic capital platform by Released The Dot Group has formed a strategic financing relationship with Blue Owl’s GP Strategic Capital platform.
Transactions | Aug 20, 2024 RIDA Development Corp., Ares Management Real Estate acquire Hyatt Regency Orlando for $1b by Released Affiliates of RIDA Development Corp. and an Ares Management Real Estate fund have acquired the 1,641-room Hyatt Regency Orlando and adjacent 45 acres of land for approximately $1.07 billion.
Transactions | Aug 20, 2024 Fusion and Cheyne acquire second Brent Cross Town site for €323m PBSA scheme by Released Fusion Group and Cheyne Capital have jointly acquired a second site for purpose-built student accommodation (PBSA) in Brent Cross Town.
People | Aug 20, 2024 Ted Eliopoulos joins Prologis as managing director, strategic capital by Released Ted Eliopoulos has joined Prologis as managing director, strategic capital.
Transactions | Aug 20, 2024 KKR acquires U.S. portfolio of six class a industrial warehouses for $377m by Released KKR has acquired a portfolio of six well-located, class A industrial logistics properties in major U.S. Gateway and Sun Belt markets for approximately $377 million.
Transactions | Aug 20, 2024 Ascentris, PENLER JV makes first acquisition by Released Ascentris and Atlanta-based multifamily investor PENLER have acquired Reserve Decatur, a 2016 vintage, 298-unit, five- and six-story, class A multifamily property in Decatur, Ga.
Research | Aug 20, 2024 U.S. multifamily market shows resilience as vacancy rate stabilizes by Released The U.S. multifamily market is demonstrating resilience and growth as the vacancy rate stabilizes after two years of quarterly increases, with expectations of declining rates in the coming months, according to CBRE’s latest research.
Research | Aug 20, 2024 Commercial real estate lending market fundamentals improve in second quarter 2024 by Released The commercial real estate lending market continues to show signs of improvement, driven by acquisition financing in the industrial and multifamily sectors, reduced credit spreads with expectations of interest rate adjustments, and the growing demand for large-scale data center construction loans due to advancements in AI technology, according to the latest research from CBRE.
