Investors | Aug 24, 2017 Minnesota commits $150m to two real estate funds by Jody Barhanovich Minnesota State Board of Investment has committed up to $75 million each to two real estate funds.
Transactions | Aug 23, 2017 Stonemont Financial Group buys portfolio for $1.3b by Andrea Waitrovich Stonemont Financial Group has agreed to buy a 100-property portfolio of office, industrial and retail holdings across 20 states for $1.3 billion.
Transactions | Aug 23, 2017 Gramercy launches e-commerce-focused warehouse venture by Andrea Waitrovich Gramercy Property Trust has launched a new e-commerce joint venture.
Transactions | Aug 23, 2017 Allianz joins with Keppel to buy $525m Shanghai office by Released A co-investment between Allianz Real Estate and the Keppel Group will acquire Hongkou SOHO.
Research | Aug 23, 2017 Suburban office challenges CBD office by Andrea Waitrovich Demographics favor suburban office demand, according to a report by Marcus & Millichap, in a shift from recent years.
Research | Aug 23, 2017 Demand for L.A. industrial space continues to increase by Andrea Waitrovich The industrial vacancy rate in Los Angeles has remained steady at 2 percent over the 12 months through second quarter 2017, keeping Los Angeles the tightest industrial market in the nation, according to NAI Capital.
Investors | Aug 23, 2017 Ohio STRS reports 14.3% return for fiscal year 2017 by Jody Barhanovich State Teachers Retirement System of Ohio’s total fund return for the fiscal year ending June 30, 2017, was 14.29 percent.
Research | Aug 23, 2017 2018 hotel industry outlook remains positive by Released The U.S. lodging industry will see continued growth in all major metrics in 2018, albeit at a slower pace, according to the September 2017 editions of Hotel Horizons, CBRE Hotels’ Americas Research.
Transactions | Aug 23, 2017 Bedrock plans $1.6b development projects in downtown Detroit by Andrea Waitrovich Bedrock Real Estate Services has two mixed-use development projects approved for downtown Detroit, totaling $1.6 billion.
People | Aug 23, 2017 Savills Investment Management continues to strengthen its Asia team by Released Savills Investment Management has appointed a new Asia research manager.
Investors | Aug 23, 2017 Iowa PERS investment performance yields 11.7% in fiscal year 2017 by Jody Barhanovich Iowa Public Employees’ Retirement System saw its investment portfolio return 11.7 percent for the fiscal year ended June 30, 2017.
Investors | Aug 22, 2017 Hawaii allocates $50m to CBRE fund by Jody Barhanovich Employees’ Retirement System of Hawaii has committed $50 million to a value-added real estate fund managed by CBRE Global Investors.
Transactions | Aug 22, 2017 PGIM holds $300m initial close for new U.S. real estate debt fund by Jody Barhanovich PGIM Real Estate has raised $300 million for its new real estate debt fund.
Transactions | Aug 22, 2017 SEA Holdings completes Old Broad Street buy in London by Andrea Waitrovich Hong Kong–listed SEA Holdings has completed a £258 million ($334.4 million) acquisition in the City of London.
Transactions | Aug 22, 2017 Ascendas-Singbridge makes second office acquisition in Sydney by Andrea Waitrovich Singapore-based Ascendas-Singbridge has acquired Civic Tower, 66 Goulburn St., in Sydney for A$252 million ($199 million), marking its second office acquisition in Australia.
Fundraising | Aug 22, 2017 CapitaLand debuts $300m private equity fund to boost commercial real estate expansion in Vietnam by Released CapitaLand has created its first commercial fund in Vietnam — CapitaLand Vietnam Commercial Fund I.
Fundraising | Aug 22, 2017 Kayne Anderson launches new core real estate fund by Jody Barhanovich Kayne Anderson Capital Advisors has launched a new core real estate fund.
Transactions | Aug 21, 2017 Norges Bank buys stake in NYC office by Andrea Waitrovich Norway’s $975 billion sovereign wealth fund Norges Bank Real Estate Management has acquired a 48 percent stake in 375 Hudson St. in New York City.
Fundraising | Aug 21, 2017 Blackstone raises capital for first European core-plus fund by Jody Barhanovich Blackstone has launched its first European open-ended, core-plus fund.
Transactions | Aug 21, 2017 Nine Elms Property to build £240m luxury-branded residential tower in London by Andrea Waitrovich Nine Elms Property has awarded a £240 million ($310 million) contract to global contractor Multiplex.
