Fundraising | Nov 1, 2017 IndoSpace launches third fund with $550m target by Andrea Waitrovich IndoSpace, a joint venture of private equity firm Everstone Group and U.S.-based industrial real estate firm Realterm, has launched its third fund, IndoSpace III.
Investors | Nov 1, 2017 FSBA commits $125m to value-added real estate in Q3 by Jody Barhanovich Florida State Board of Administration committed $125 million to two real estate funds in third quarter 2017.
Fundraising | Nov 1, 2017 PGIM raises $134m for first close of U.S. property fund by Jody Barhanovich PGIM Real Estate, the real estate investment business of PGIM, has held a $134 million first close for its U.S. Property Fund VI.
Research | Nov 1, 2017 CMBS delinquency rate drops 19 bps in October by Jody Barhanovich The Trepp CMBS Delinquency Rate dropped sharply in October, marking the fourth straight month in which it has fallen.
Investors | Oct 31, 2017 CalPERS expands relationship with Canyon Partners Real Estate by Released The California Public Employees’ Retirement System has allocated $350 million of new capital to the Canyon Catalyst Fund.
Research | Oct 31, 2017 Singapore rents rise for the first time in nine quarters by Andrea Waitrovich During the third quarter 2017, CBD premium and class A office rents in Singapore rose for the first time in nine quarters, up 0.4 percent quarter-over-quarter, signaling a turnaround, according to Colliers International.
Transactions | Oct 31, 2017 University of Oregon reveals plans for $1b science, research facility by Andrea Waitrovich University of Oregon officials has revealed the design for a new $1 billion science and research center.
Fundraising | Oct 31, 2017 Vert Asset Management launches sustainable real estate mutual fund in the U.S. by Released Vert Asset Management has launched the Vert Global Sustainable Real Estate Fund, an open-end mutual fund.
Research | Oct 31, 2017 Core real estate fund performance edged up in Q3 by Released The National Council of Real Estate Investment Fiduciaries has released third quarter 2017 results for the NCREIF Fund Index – Open‐end Diversified Core Equity.
Transactions | Oct 31, 2017 Uber to sell Oakland building by Andrea Waitrovich CIM Group is in contracts to buy Uber Technology’s Oakland building at 1954 Telegraph Ave. The sales price has been reported to between $175 million and $220 million.
Investors | Oct 31, 2017 Texas Municipal commits up to $200m to real estate by Jody Barhanovich Texas Municipal Retirement System has committed a total of $200 million to two real estate funds.
Transactions | Oct 30, 2017 Israeli investor acquires L.A. office for $460m by Andrea Waitrovich Israel-based Harel Insurance and Finance Group and U.S. REIT Colony NorthStar have acquired an office building in downtown Los Angeles for $460 million.
Transactions | Oct 30, 2017 Lennar to buy CalAtlantic for $9.3b by Andrea Waitrovich Lennar Corp. has plans to acquire rival CalAtlantic.
Investors | Oct 30, 2017 Denmark’s PFA makes first direct logistics deal in China by Andrea Waitrovich Denmark’s PFA Pension, LOGOS and Canada’s Ivanhoé Cambridge have partnered together to create an $850 million vehicle to invest in Chinese logistics facilities, according to media outlets.
Research | Oct 30, 2017 Europe’s retail property investment falls in first nine months of 2017 by Andrea Waitrovich Retail has been Europe’s least successful commercial real estate sector in terms of attracting investment this year as fast-growing online commerce reduces the appeal of shopping centers that are not prime destinations, according to Real Capital Analytics.
Investors | Oct 30, 2017 Indiana commits $50m to real estate fund by Jody Barhanovich Indiana Public Retirement System has committed $50 million to a fund managed by Noble Investment Group.
Investors | Oct 30, 2017 OP&F lowers assumed investment rate of return to 8% by Jody Barhanovich Ohio Police & Fire Pension Fund Board of Trustees approved changing the system’s assumed investment rate of return.
Fundraising | Oct 30, 2017 Timberland Investment Resources fund raises $121m by Jody Barhanovich Timberland Investment Resources has raised $121 million for its global timber fund.
Fundraising | Oct 30, 2017 Moorfield exceeds target on first close of new value-add real estate fund by Jody Barhanovich Moorfield Group has surpassed the £100 million ($132 million) target on the first close of its new value-add real estate fund.
Investors | Oct 30, 2017 Real Estate Research Institute seeks proposals by Larry Gray The Real Estate Research Institute is seeking proposals for funding of research projects planned for 2018.
