Fundraising | Dec 4, 2017 Baring Private Equity Asia launches debt fund by Jody Barhanovich Baring Private Equity Asia, an independent alternative asset management firm, has launched a new real estate debt fund, BPEA Real Estate Fund II.
Investors | Dec 4, 2017 Massachusetts pension fund seeks value-added/opportunistic real estate manager by Jody Barhanovich The $600 million Bristol County (Mass.) Retirement System is searching for a private closed-end, value-added/opportunistic real estate fund.
Research | Dec 4, 2017 The world’s safest cities by Jennifer Molloy Tokyo once again tops the list as the world’s safest city, according to The Economist Intelligence Unit’s Safe Cities Index 2017.
Investors | Dec 4, 2017 TRSL commits $100m to real estate funds by Jody Barhanovich The $18.7 billion Teachers’ Retirement System of Louisiana has committed $100 million to two real estate funds.
People | Dec 4, 2017 David Rose joins Walton Street as a principal by Press Release David Rose has joined Walton Street Capital as a principal. Rose rejoins the company to head a newly created role within Walton Street’s Investor & Marketing Services Group.
Transactions | Dec 4, 2017 Dutch company buys €1b Polish retail portfolio by Jody Barhanovich Chariot Top Group BV, a Dutch company co-managed by Griffin Real Estate through its subsidiaries, has signed a preliminary agreement to purchase a portfolio of 28 retail properties in Poland from funds managed by Ares Management, AXA Investment Managers – Real Assets and Apollo Rida for €1 billion ($1.18 billion).
Transactions | Dec 1, 2017 Allianz buys stake in Manhattan office tower by Released Allianz Real Estate has acquired a 43 percent stake in 1515 Broadway in Manhattan’s Times Square from SL Green Realty Corp.
Investors | Dec 1, 2017 Principal to expand real estate investment capabilities by Released Principal Global Investors will assume ownership of the INTERNOS Global Investors, subject to regulatory approval.
Investors | Dec 1, 2017 Worcester County Council Pension Fund commits £20m to AEW U.K. Real Return Fund by Andrea Waitrovich Worcestershire County Council Pension Fund has committed £20 million ($27 million) to AEW’s U.K. Real Return strategy, bringing the total fund size to £86 million ($116 million).
Transactions | Dec 1, 2017 Caesars sells Harrah’s Las Vegas to VICI REIT for $1.14b by Andrea Waitrovich VICI Properties has plans to acquire and lease back the land and real property improvements associated with the iconic Harrah’s Las Vegas Hotel and Casino, located in Las Vegas, for $1.14 billion.
Investors | Dec 1, 2017 OCERS commits $100m to residential property fund by Jody Barhanovich Orange County (Calif.) Employees Retirement System has committed $100 million to fund managed by Waterton.
Investors | Dec 1, 2017 Cromwell Property Group raises €865.7m for IPO by Released Cromwell Property Group announced the successful initial public offering of the Cromwell European Real Estate Investment Trust (CEREIT) after CEREIT debuted on the main board of the Singapore Exchange Securities Trading Limited (SGX-ST).
Investors | Dec 1, 2017 GTIS Partners, CalSTRS form residential JV by Jody Barhanovich GTIS Partners and the $215.3 billion California State Teachers' Retirement System have entered into a joint venture agreement to initially invest $204 million in homebuilding and residential lot development, nationwide.
Investors | Dec 1, 2017 NMERB’s total real estate portfolio performance ranks #1 for past 10 years by Jody Barhanovich New Mexico Educational Retirement Board’s total real estate portfolio performance ranks number one for the past 10 years.
Transactions | Dec 1, 2017 Recent commercial real estate transactions by Roxy Rhodes Transactions reported this week included the sale of an office campus in Southern California.
Transactions | Dec 1, 2017 Union Investment sells office building “Millennium Tower” in Seattle by Released Union Investment has sold “Millennium Tower" to a property fund managed by TH Real Estate.
Investors | Dec 1, 2017 New Mexico State commits $75m to Americas-focused opportunistic fund by Jody Barhanovich New Mexico State Investment Council has committed $75 million to a fund managed by KKR.
Research | Nov 30, 2017 Commercial real estate executives maintain cautious optimism for economic growth despite U.S. tax policy uncertainty by Released Commercial real estate executives expect market fundamentals will hold strong throughout the year despite tax policy uncertainty in Washington, according to The Real Estate Roundtable's fourth quarter 2017 Economic Sentiment Index.
Transactions | Nov 30, 2017 Phoenix Property Investors fund sells two assets for $322m by Released In separate deals Phoenix Asia Real Estate Investments V, a fund managed by Phoenix Property Investors, has announced two dispositions, totaling $322 million in sales price.
People | Nov 30, 2017 Cushman & Wakefield promotes John Forrester to global president by Andrea Waitrovich Cushman & Wakefield announced several changes at the head of the EMEA region, in line with its strategy of transformation of the real estate industry, and two years after the merger of the group with DTZ.
