Transactions | Dec 15, 2017 Wynn Resorts pays $336m for 38 acres in Las Vegas by Andrea Waitrovich Wynn Resorts has reached an agreement to purchase approximately 38 acres of land on the Las Vegas Strip directly across from Wynn Las Vegas.
Research | Dec 15, 2017 China November FDI up more than 90% by Andrea Waitrovich Foreign direction investment (FDI) in China surged to CNY124.92 billion ($18.9 billion) in November, up 90.7 percent on a year-on-year basis, according to the Ministry of Commerce.
Transactions | Dec 14, 2017 Union Investment buys €380m shopping center in Poland by Andrea Waitrovich Union Investment has acquired Magnolia Park in Wroclaw, Poland, from The Blackstone Group for €380 million ($447 million).
Investors | Dec 14, 2017 OP&F approves real estate investment plan for 2018 by Jody Barhanovich The $15.48 billion Ohio Police & Fire Pension Fund has approved its 2018 Real Estate Investment Plan.
Transactions | Dec 14, 2017 Jurys Inn chain acquired by Swedish and Israeli groups for £800m by Andrea Waitrovich Swedish hotel group Pandox and Israeli group Fattal Hotels have acquired a 37-hotel portfolio from Lone Star for £800 million ($1.08 billion).
Transactions | Dec 14, 2017 Gaw Capital sells Shanghai tower for $402m by Andrea Waitrovich Gaw Capital Partners has agreed to sell the Cross Tower, a 24-story commercial building in Shanghai, to World Union Investment Management, according to Mingtiandi.
Investors | Dec 14, 2017 Carnegie Mellon University endowment posts 13.2% return for FY2017 by Jody Barhanovich The Carnegie Mellon University endowment has posted a 13.2 percent return on its investment performance for fiscal year 2017.
Research | Dec 14, 2017 European logistics set to benefit from China’s One Belt, One Road initiative by Andrea Waitrovich China’s One Belt, One Road (OBOR) initiative will help forge geographic connections and create potential demand for new logistics hubs in Europe, according to Savills.
Fundraising | Dec 14, 2017 GreenOak holds €600m final close for Europe lending fund by Jody Barhanovich GreenOak Real Estate has held a final close for its debt fund.
Investors | Dec 13, 2017 Colony NorthStar to combine retail distribution business with S2K Financial Holdings by Andrea Waitrovich NorthStar Securities, Colony NorthStar’s broker-dealer, has merged with S2K Financial Holdings to create a market leading broker-dealer retail distribution business.
Fundraising | Dec 13, 2017 Savanna completes largest fundraise to date by Andrea Waitrovich Savanna has held a final closing for its Savanna Real Estate Fund IV, raising $591 million. The close was held less than 12 months since the fund’s initial closing.
Research | Dec 13, 2017 Trepp: The 11 largest retailer bankruptcies of 2017 by Andrea Waitrovich More than 30 U.S. retailers have filed for bankruptcy protection in 2017 due to the brick-and-mortar “retail apocalypse,” according to Trepp data.
Investors | Dec 13, 2017 D.C. Retirement seeks CIO by Jody Barhanovich The District of Columbia Retirement Board is seeking a new CIO to lead and manage the agency’s investments program.
Investors | Dec 13, 2017 St. Louis considers $8m commitment to real estate debt fund by Jody Barhanovich St. Louis Public School Retirement System is considering an $8 million equity commitment to a real estate fund.
Transactions | Dec 13, 2017 JV to develop Market at Houston Heights project by Jody Barhanovich Capital Retail Properties and Wile Interests have teamed up on a project to turn 1.7 acres along North Shepherd Drive, south of 16th Street, into a 30,000-square-foot center that will bring services and restaurants to a rapidly changing area of the Houston Heights.
Fundraising | Dec 13, 2017 Charter Hall’s office fund holds $340m at first close by Andrea Waitrovich Charter Hall Prime Office Fund (CPOF) has raised A$340 million ($259 million) for a first close.
Transactions | Dec 13, 2017 GIC sells Paris hotel for €550m by Andrea Waitrovich Henderson Park has acquired a hotel in Paris for approximately €550 million ($647 million).
Transactions | Dec 13, 2017 Blackstone to buy back stake in Logicor by Andrea Waitrovich A Blackstone real estate fund has plans to buy back a 10 percent stake in Logicor.
Fundraising | Dec 13, 2017 DRC Capital raises £600m for European Real Estate Debt Fund III by Andrea Waitrovich DRC Capital has held the final close for its third real estate debt fund.
Fundraising | Dec 12, 2017 Harbert holds largest final close to date for real estate fund by Jody Barhanovich Harbert Management Corporation, an alternative asset management firm, has held a final close for its sixth U.S. real estate fund.
