Fundraising | Aug 28, 2018 AllianceBernstein holds $3.1b final close for third real estate debt fund by Jody Barhanovich AllianceBernstein, a New York–based investment manager, has held a $3.1 billion final close for its third real estate debt fund.
Investors | Aug 28, 2018 MCERA commits $10m to two real estate funds by Jody Barhanovich The $821.1 million Merced County (Calif.) Employees’ Retirement Association (MCERA) has committed a total of $10 million to two real estate funds.
Fundraising | Aug 28, 2018 Commerz Real launches new European fund for student and micro-apartments by Jody Barhanovich Commerz Real Capital-Management Company (Kapitalverwaltungsgesellschaft, KVG) has launched a European fund targeting student and micro-apartments.
Research | Aug 28, 2018 Q2 2018 Asia Pacific property performance by Jennifer Molloy Savills has released its latest Asia Pacific Investment Quarterly for second quarter 2018. Here are just some of the highlights for developed countries and locations:
Transactions | Aug 28, 2018 Carlyle Group pays record price for Long Island luxury tower by Andrea Zander A fund managed by the Carlyle Group has agreed to pay $284 million for a luxury apartment rental tower in Long Island City, Queens.
Transactions | Aug 28, 2018 Atrium buys €301m Polish retail asset by Andrea Zander Atrium European Real Estate has bought a €301.5 million ($353.2 million) Polish retail asset from a CBRE Global Investors managed fund.
People | Aug 28, 2018 Heitman appoints executive vice president of acquisitions by Released Heitman has appointed Erin Spears as executive vice president of acquisitions within its North American private real estate equity operations.
Transactions | Aug 28, 2018 CalSTRS to buy NYC Terminal property in $800m deal by Andrea Zander The California State Teachers’ Retirement System has been named one of the buyers for the $880 million acquisition of the Terminal Stores building in Manhattan’s Chelsea neighborhood.
Transactions | Aug 28, 2018 Kildare Partners launches €730m bid for Technopolis by Andrea Zander A fund that is advised by an affiliate of Kildare Holdings, has launched a €729.7 million ($855.29 million) bid for Technopolis Plc.
People | Aug 28, 2018 Meyer Bergman adds to its senior executive team by Released Meyer Bergman has made key additions to its senior executive team.
Investors | Aug 27, 2018 University of Wisconsin approves $1.9b capital construction program by Andrea Zander The University of Wisconsin System Board of Regents has approved a $1.96 billion 2019-2021 capital program.
Fundraising | Aug 27, 2018 Ares Management raises $836m for U.S. real estate fund by Jody Barhanovich Ares Management, a Los Angeles–based global alternative asset manager, has raised $836.1 million for its ninth U.S. real estate fund.
Transactions | Aug 27, 2018 DCS Investment Holdings to develop $282m Orlando resort by Andrea Zander Marriott International has plans to build a 16-story, $282 million JW Marriott Orlando Bonnet Creek Resort with development starting in the fourth quarter 2018.
People | Aug 27, 2018 Multi Corporation appoints Turkey CEO by Andrea Zander Blackstone’s European retail property platform Multi Corporation has appointed a new Turkey CEO.
Investors | Aug 27, 2018 Illinois MRF plans to no longer pursue several real estate commitments by Jody Barhanovich The $41.3 billion Illinois Municipal Retirement Fund has plans to no longer pursue two previous commitments to real estate funds.