Fundraising | May 14, 2018 Northern Horizon’s latest care home fund holds €300m final close by Jody Barhanovich Northern Horizon’s third institutional healthcare real estate fund, the Nordic Aged Care Fund, held a €300 million ($359 million) final close, oversubscribing its target.
Fundraising | May 14, 2018 Buckingham holds $175m final close on debut multifamily fund by Jody Barhanovich Buckingham Companies, a vertically integrated, full-service real estate company, has reported that its affiliate, Buckingham Partners, closed its first real estate fund.
Fundraising | May 14, 2018 Berkshire Group holds $1.25b final close on multifamily debt fund by Jody Barhanovich Berkshire Group has held a $1.25 billion final close for Berkshire Multifamily Debt Fund II.
Transactions | May 14, 2018 IN-DEPTH: Colliers makes transformational strategic investment in Harrison Street by Andrea Zander Colliers International Group has acquired 75 percent of Harrison Street Real Estate Capital from its founders for $450 million, with an additional $100 million payable in 2022, based on the company achieving certain accelerated performance targets.
Transactions | May 14, 2018 German residential rents rise despite increase in space and building permits by Marek Handzel German residential rents have risen over the past 10 years despite an increase in building permits and completions of new living space across the country.
People | May 14, 2018 Shine Associates welcomes David Slye by Released Shine Associates has hired David Slye as managing director.
Research | May 11, 2018 Henley leads launch financing for new real estate stock exchange by Marek Handzel Henley, the global private equity real estate investor, is leading a consortium of real estate investment management groups in financing the launch of the London-based International Property Securities Exchange (IPSX) later this year.
People | May 11, 2018 Edgar Alvarado named senior advisor to Sundial Park Group by Released Sundial Park Group has announced Edgar Alvarado, former group head of Allstate’s Real Estate Equity Investments and head of EA Advisory, has joined the firm as a senior advisor.
Transactions | May 11, 2018 AEG proposes $1.2b L.A. Convention Center expansion by Andrea Zander The operator of the Los Angeles Convention Center, Anschutz Entertainment Group (AEG), has proposed a $1.2 billion expansion of the convention center and the nearby JW Marriott L.A. Live hotel, according to The Los Angeles Times.
Fundraising | May 11, 2018 Area One Farms launches two new farm partnership funds by Andrea Zander Area One Farms, a Toronto-based investor that builds equity partnerships with Canadian farmers, has launched Area One Farms Fund IV and Fund V.
Transactions | May 11, 2018 Recent commercial real estate transactions by Roxy Rhodes Transactions reported this week included an apartment complex in New York City.
People | May 11, 2018 Vicki Fuller to retire as CIO of New York State Common by Jody Barhanovich Vicki Fuller, current chief investment officer of the New York State Common Retirement Fund, will retire this summer after a six-year tenure.
Investors | May 11, 2018 Texas County commits $75m to KSL fund by Jody Barhanovich The $29.6 billion Texas County & District Retirement System has committed $75 million to a fund managed by KSL Capital Partners.
Fundraising | May 11, 2018 GLP establishes $1.6b logistics fund by Andrea Zander Singapore-based GLP has established its first fund investing beyond real estate.
Fundraising | May 11, 2018 Embarcadero Capital Partners holds $140m final close by Jody Barhanovich Embarcadero Capital Partners has held a $140 million final close its value-added, opportunistic real estate fund.
Transactions | May 10, 2018 Korean investor buys Philadelphia office building by Andrea Zander Coretrust Capital Partners, as U.S. asset manager for Korea Investment Management Co., has advised KIM in the acquisition of 5 Crescent Drive, a 208,000-square-foot office building in the Navy Yard submarket of Philadelphia.
Research | May 10, 2018 U.S. REITs return 0.5% in April by Loretta Clodfelter REITs turned in a middling performance in April, with a total return of 0.5 percent, according to the FTSE Nareit All Equity REITs Index, but are still in the red, year-to-date.
Research | May 10, 2018 Transaction volume exceeds expectations in first quarter 2018 by Andrea Zander Transaction volumes exceeded expectations in the first quarter of 2018 with 4.7 percent year-over-year growth, according to JLL’s Q1 2018 United States Investment Quick Look.
Transactions | May 10, 2018 Facebook plans $1.5b expansion for Iowa data center by Jody Barhanovich Facebook has plans to expand its Altoona, Iowa, data center in a projected $1.5 billion spend, according to local news source KCCI Des Moines.
Fundraising | May 10, 2018 Pan-Africa JV raises $212m by Andrea Zander Investec Asset Management, Growthpoint Properties and International Finance Corp. have received $212 million in equity commitments for a pan-African real estate investment joint venture.
