People | Nov 8, 2018 Patricia Noble named Ascentris’ newest partner by Released Ascentris has named Patricia Noble a partner.
People | Nov 8, 2018 Colony Capital’s CEO departs by Andrea Zander Richard Saltzman, Colony Capital CEO, has resigned and will be succeeded by Thomas Barrack, who founded Colony in 1991 and stepped down as CEO in 2014.
Transactions | Nov 7, 2018 Qatar agrees to buy London’s Grosvenor House Hotel by Andrea Zander Sovereign wealth fund Qatar Investment Authority has agreed to buy Grosvenor House Hotel in London’s Mayfair.
Investors | Nov 7, 2018 Louisiana TRS commits $50m to Blackstone real estate fund by Jody Barhanovich The $20.5 billion Teachers’ Retirement System of Louisiana has committed $50 million to Blackstone’s ninth real estate fund, according to Lisa Honoré, executive liaison officer for the retirement system.
Fundraising | Nov 7, 2018 LendInvest seeds newly launched real estate debt fund by Andrea Zander LendInvest has launched a new real estate debt fund with £150 million ($197 million) seed capital from a previous fund.
Transactions | Nov 7, 2018 Tishman Speyer and PSP Investments sell Paris office building by Andrea Zander Tishman Speyer and the Public Sector Pension Investment Board (PSP Investments), has sold Tour Pacific to Société Générale Insurance for an undisclosed amount.
Transactions | Nov 7, 2018 Consus agrees to takeover of €1.1b SSN Group by Andrea Zander Consus Real Estate, the Berlin-based German property developer, has agreed to a €1.1 billion ($1.3 billion) takeover of fellow developer SSN Group.
Transactions | Nov 7, 2018 AXA buys $9.4b U.S. real estate debt business from Quadrant by Released AXA Investment Managers – Real Assets has plans to significantly expand its global debt platform through the acquisition of one of Quadrant Real Estate Advisors’ U.S.-focused lines of business.
Fundraising | Nov 7, 2018 Greystar, Credicorp Capital closes second multifamily Chile fund by Andrea Zander Greystar Real Estate Partners and Credicorp Capital, an investment bank in the Andean Region, have closed Fondo de Inversión Credicorp Capital Renta Residencial II with aggregate equity commitments of more than $100 million in September.
Research | Nov 7, 2018 REITs fall nearly 3% in ‘red’ October by Loretta Clodfelter October was ugly for the stock market, which makes U.S. REITs’ drop last month of 2.97 percent, according to the FTSE Nareit Equity REITs Index.
Investors | Nov 7, 2018 Investors exiting $1.1b London property fund by Andrea Zander Investors in the West End of London Property Unit Trust (WELPUT), managed by Schroders Plc, are seeking to withdraw almost one-fifth of the £836 million ($1.09 billion) pool, as Brexit-related worries have mounted, according to Bloomberg, citing people with knowledge of the matter.
Transactions | Nov 7, 2018 Heidenberg Properties Group acquires Culpeper Colonnade for $32m by Released Heidenberg Properties Group announces the $32.65 million acquisition of the Culpeper Colonnade in Culpeper, Va., from Regency Centers Corp.
Transactions | Nov 7, 2018 Areim real estate fund acquires major stake in EcoDataCenter by Jody Barhanovich Nordic real estate owner and fund manager Areim, through its third real estate fund, has become the principal owner of Swedish developer of data centers.
Transactions | Nov 6, 2018 Carr Properties acquires Boston office asset by Andrea Zander Carr Properties has acquired 200 State St., a 304,000-square-foot class A office building in downtown Boston.
Research | Nov 6, 2018 New U.K. retail stores deliver retailers an average 12% uplift in online sales by Andrea Zander U.K. retailers see an average 12 percent increase in online sales in the catchment area after opening a new store, while 29 percent of online sales are reliant on physical stores, according to the report Tomorrow’s World: Retail on the line, by CACI and GlobalData, on behalf of Revo.
Investors | Nov 6, 2018 Straits Real Estate launches A$130.5m logistics property JV by Andrea Zander Commercial & General has partnered with Straits Real Estate, a wholly owned subsidiary of SGX-listed The Straits Trading Co., to launch an unlisted logistics real estate platform.
Fundraising | Nov 6, 2018 Lone Star Funds markets next residential mortgage fund by Jody Barhanovich Lone Star Funds, a private equity firm that invests globally in real estate, equity, credit and other financial assets, has launched its next residential mortgage real estate fund.
Transactions | Nov 6, 2018 CK Asset seeks to buy west London project from Capco by Andrea Zander Hong Kong–based CK Asset Holdings is in talks with a partner in a joint venture that owns Earls Court.
Research | Nov 6, 2018 East Bay Oakland office market becoming sluggish by Andrea Zander Job growth in the East Bay Oakland market has begun slowing as the region reaches full employment, but a consistent housing shortage in the East Bay and the Bay Area at large has been a limiting factor in labor force growth, according to Cushman & Wakefield.
Research | Nov 6, 2018 U.S. mall vacancy rate jumps to 9.1% in Q3 by Jody Barhanovich The U.S. mall vacancy rate jumped to 9.1 percent in the third quarter, up from 8.6 percent in the second quarter 2018, according to Reis. One year ago it was 8.3 percent.
