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.
Research | Nov 7, 2017 Investors favor Germany over United Kingdom for commercial real estate by Andrea Waitrovich One in three, or 33 percent, commercial real estate investors have suggested that Germany is their preferred region to invest in, according to BrickVest.
Investors | Nov 7, 2017 CalSTRS selects RCLCO as new real estate consultant by Jody Barhanovich California State Teachers’ Retirement System’s investment committee has selected RCLCO as its new real estate consultant.
People | Nov 7, 2017 Klépierre promotes M&A head Deslandes to CIO by Andrea Waitrovich French shopping center REIT/SIIC Klépierre has promoted group head of mergers and acquisitions Cyrille Deslandes to the role of CIO as of Dec. 31.
Fundraising | Nov 7, 2017 Qualitas launches new senior debt fund by Jody Barhanovich Qualitas has launched a new senior debt investment vehicle, Qualitas Senior Debt Fund.
People | Nov 7, 2017 AXA Investment Managers – Real Assets announces senior appointments by Released AXA Investment Managers – Real Assets has strengthened its global management team with two senior appointments.
People | Nov 6, 2017 Mark DeCesaris to retire as CEO of W. P. Carey by Released W.P. Carey announced that Mark DeCesaris will retire as CEO and a member of the board of directors, effective December 31, 2017.
Investors | Nov 6, 2017 Oklahoma TRS commits $60m to Starwood opportunity fund by Jody Barhanovich Oklahoma Teachers’ Retirement System has committed $60 million to a fund managed by Starwood Capital Group.
Investors | Nov 6, 2017 Henderson Park and Hines form student JV by Andrea Waitrovich Henderson Park and Hines have formed a joint venture to pursue value-added investments in the European student accommodation sector.
