Research | Nov 14, 2017 In Focus: Tony Charles on Asia by Denise DeChaine In this “In Focus” video, Tony Charles, global head of research and strategy for real assets at Morgan Stanley Investment Management, discusses Asia’s best real estate investing opportunities.
Investors | Nov 13, 2017 Single-asset REIT launches by Andrea Waitrovich The owners of the St. Regis Aspen Resort in Aspen, Colo., have launched a REIT.
Investors | Nov 13, 2017 Brookfield Property Partners makes $14.8b offer for GGP by Released GGP has confirmed that it received an unsolicited proposal from Brookfield Property Partners.
Investors | Nov 13, 2017 Texas ERS commits $65m to residential property fund by Jody Barhanovich Employees Retirement system of Texas has committed $65 million to a fund managed by Waterton.
Investors | Nov 13, 2017 Spanish REIT to become $10b office manager by Andrea Waitrovich Inmobiliaria Colonial has launched a takeover bid for Axiare Patrimonio, valuing the rival company at €1.46 billion ($1.7 billion).
Research | Nov 13, 2017 New study puts London at top of European retail rankings by Andrea Waitrovich Oxford Street in London has emerged as Europe’s busiest shopping street in new footfall analysis of the most famous high streets in 23 European cities, according to BNP Paribas Real Estate’s pan-European footfall analysis.
People | Nov 13, 2017 LaSalle Investment creates new head of Continental Europe role by Released LaSalle Investment Management has hired Karim Habra for the newly created role of head of Continental Europe with immediate effect.
Transactions | Nov 13, 2017 Fort Group buys IMMOFINANZ Moscow retail portfolio for $1b by Andrea Waitrovich Austria-based IMMOFINANZ has agreed to sell its five Moscow shopping centers to Fort Group, a St. Petersburg commercial real estate developer, for €901 million ($1.05 billion).
Fundraising | Nov 13, 2017 AXA Investment Managers – Real Assets hold €240m final close for logistics fund by Jody Barhanovich AXA Investment Managers – Real Assets has held a €240 million ($279 million) final close.
Fundraising | Nov 13, 2017 Phoenix Capital Partners holds $225m final close by Jody Barhanovich Phoenix Capital Partners, a private equity real estate firm, has held a $225 million final close.
Investors | Nov 13, 2017 Texas Permanent commits $237m to real estate funds by Jody Barhanovich Texas Permanent School Fund has committed a total of $237 million to three real estate funds.
Fundraising | Nov 10, 2017 LEM Capital closes fourth fund by Released LEM Capital closed the firm’s fourth discretionary fund in August at its original $300 million target.
Transactions | Nov 10, 2017 New York REIT sells another asset by Andrea Waitrovich New York REIT has entered into a contract to sell its property located at 333 West 34th St.
Investors | Nov 10, 2017 Montana commits $40m to core real estate fund by Jody Barhanovich Montana Board of Investments has committed $40 million to a fund managed by American Realty Advisors.
Fundraising | Nov 10, 2017 Starlight reports Q3 2017 results for U.S. Multi-Family (No. 5) Core Fund with strong same property NOI growth of 3.3% by Released Starlight U.S. Multi-Family (No. 5) Core Fund has reported its results of operations and financial condition for the three months ended Sept. 30, 2017.
Transactions | Nov 10, 2017 Balfour Beatty wins $581m contract in Texas by Andrea Waitrovich Balfour Beatty has been selected by the Texas Facilities Commission (TFC) as the construction manager-agent (CMA) for the first phase of the $581 million State of Texas Capitol Complex Master Plan.
Research | Nov 10, 2017 Investors maintain confidence in hospitality market by Andrea Waitrovich Investors maintain confidence in the hospitality market as occupancy and revenue metrics improve, according to Marcus & Millichap’s midyear 2017 report.
Fundraising | Nov 10, 2017 Brookfield continues to raise capital for open-ended fund by Jody Barhanovich Brookfield Asset Management has raised $1.37 billion in additional capital for its open-ended fund.
Research | Nov 10, 2017 Listed equity REITs remain top-performing asset by Andrea Waitrovich With an estimated 10,000 Americans retiring every day, pension funds are under increased pressure to maximize returns and generate steady income to meet the growing financial obligations of the country’s retirees, according to Asset Allocation and Fund Performance of Defined Benefit Pension Funds in the United States Between 1998-2015, by pension research firm CEM Benchmarking, sponsored by NAREIT.
Transactions | Nov 10, 2017 Recent commercial real estate transactions by Roxy Rhodes Transactions reported this week included the sale of an office in New York City.
