Fundraising | Nov 10, 2017 Brookfield continues to raise capital for open-ended fund by Jody Barhanovich Brookfield Asset Management has raised $1.37 billion in additional capital for its open-ended fund.
Research | Nov 10, 2017 Listed equity REITs remain top-performing asset by Andrea Waitrovich With an estimated 10,000 Americans retiring every day, pension funds are under increased pressure to maximize returns and generate steady income to meet the growing financial obligations of the country’s retirees, according to Asset Allocation and Fund Performance of Defined Benefit Pension Funds in the United States Between 1998-2015, by pension research firm CEM Benchmarking, sponsored by NAREIT.
Transactions | Nov 10, 2017 Recent commercial real estate transactions by Roxy Rhodes Transactions reported this week included the sale of an office in New York City.
Transactions | Nov 10, 2017 Hengda Real Estate sells owning stakes for $55b by Released Kailong Real Estate and Hengda Real Estate, both being subsidiaries of Evergrande Group, have sold controlling stakes in Hengda Real Estate to third-party investors.
Transactions | Nov 9, 2017 Invesco and AEW sell retail portfolio for €240m by Andrea Waitrovich Redos Real Estate, who works with equity from Union Investment, has plans to buy Bordeaux Portfolio for €240 million ($280 million).
Investors | Nov 9, 2017 SJCERA seeks real estate consultant by Jody Barhanovich San Joaquin County (Calif.) Employees’ Retirement Association is searching for a real estate consultant.
Investors | Nov 9, 2017 Connecticut considers commitment to Crow Holdings fund by Jody Barhanovich Connecticut Retirement Plans and Trust Funds is considering an equity commitment to a fund managed by Crow Holdings Capital Real Estate.
Transactions | Nov 9, 2017 Signa buys portfolio from RFR for €1.5b by Andrea Waitrovich SIGNA Prime Selection AG has acquired a five-property portfolio for €1.5 billion ($1.8 billion).
Investors | Nov 9, 2017 PSPRS generates $1b in returns for fiscal year 2017 by Jody Barhanovich Public Safety Personnel Retirement System of the State of Arizona has generated $1 billion in returns for fiscal year 2017.
Research | Nov 9, 2017 Chinese outbound real estate investment falls 51% by Andrea Waitrovich Chinese outbound real estate investment fell 51 percent year-over-year to $2.5 billion in third quarter 2017, the lowest total in 14 quarters, according to Cushman & Wakefield.
People | Nov 9, 2017 Brian Kuzniar joins Harrison Street as director, portfolio management group by Jody Barhanovich Harrison Street Real Estate Capital has added Brian Kuzniar as a director in the firm’s portfolio management group.
Investors | Nov 9, 2017 Texas TRS commits $320m to real estate funds by Jody Barhanovich Teacher Retirement System of Texas has committed approximately $320 million to real estate funds.
Transactions | Nov 8, 2017 Cordish Cos. to develop another entertainment complex by Andrea Waitrovich Construction of the $600 million Live! Casino and Hotel Philadelphia project in South Philadelphia is set to begin in 2018. Cordish Cos. is the developer.
Transactions | Nov 8, 2017 $2b Oahu project breaks ground by Andrea Waitrovich Castle & Cooke has broke ground on the 576-acre, 3,500-unit, $2 billion residential mixed-use Koa Ridge project in Oahu, Hawaii.
Research | Nov 8, 2017 Seattle office property sales fall 35% in first seven months of 2017 from previous year by Jody Barhanovich Seattle office property sales for the first seven months of 2017 totaled $2 billion, a 35 percent decline from the $3.1 billion sold during the first seven months of 2016.
Fundraising | Nov 8, 2017 SIA holds $200 million final close for debt fund by Jody Barhanovich Sabal Financial Group has held a $200 million final close for its first private capital vehicle.
Investors | Nov 8, 2017 EcoWorld International takes a 70% stake in Be Living by Andrea Waitrovich EcoWorld International has agreed to purchase a 70 percent interest in Willmott Dixon’s residential development business, Be Living.
Investors | Nov 8, 2017 U.S. healthcare REIT creates partnership with care home developer Quantum by Andrea Waitrovich Welltower, the U.S. healthcare REIT, has agreed to a development partnership with Quantum Group.
Investors | Nov 7, 2017 Hyatt to sell $1.5b of properties, sells two hotels for $305m by Andrea Waitrovich Hyatt Hotels Corp. officials have plans to sell off $1.5 billion in owned hotels over the next three years to focus more on the company’s fee-based management and franchising operations.
Research | Nov 7, 2017 U.S. office leasing activity hits highest level in more than two years by Jody Barhanovich The U.S. office market continued to show strength in the third quarter, as leasing activity surged with tenants finding more options among new and second-generation blocks of space, according to JLL research.
