Investors | Oct 25, 2017 U.S. data center REIT launches Japanese data center JV by Andrea Waitrovich Digital Realty Trust has formed a partnership with Mitsubishi Corp. to create a data center provider in Japan.
Transactions | Oct 25, 2017 WeWork acquires Lord & Taylor’s NYC flagship store for $850m by Andrea Waitrovich Hudson’s Bay Co. has sold Lord & Taylor’s flagship store on Fifth Avenue in Manhattan for $850 million to WeWork.
Investors | Oct 25, 2017 OMERS to open Singapore office by Released Ontario Municipal Employees Retirement System has plans to open an office in Singapore in January 2018.
Transactions | Oct 25, 2017 Gaw Capital acquires Shanghai asset for $754m by Andrea Waitrovich Gaw Capital Partners has acquired the Sky SOHO Project.
Fundraising | Oct 25, 2017 BNP Paribas REIM launches new Eurozone logistics fund, holds first close by Jody Barhanovich BNP Paribas REIM has launched and held the first closing of the new CORE Eurozone Logistics Fund (ELF) in third quarter 2017.
Fundraising | Oct 25, 2017 Brickman launches new value-added fund by Jody Barhanovich Brickman has launched its newest investment vehicle.
Transactions | Oct 25, 2017 Saudi Arabia to build $500b megacity by Andrea Waitrovich Saudi Crown Prince Mohammed bin Salman announced plans to build a new city on the Red Sea coast.
Fundraising | Oct 25, 2017 Europa Capital raises €628m for real estate fund by Jody Barhanovich Europa Capital has raised €627.8 million ($742 million) for its real estate fund.
People | Oct 25, 2017 Cromwell Property Group Europe appoints managing director by Released Cromwell Property Group has appointed Mark McLaughlin as managing director of its European business.
Fundraising | Oct 24, 2017 Pennybacker Capital raises $390m for real estate fund by Jody Barhanovich Pennybacker Capital has raised $390.6 million for its fourth real estate fund.
Investors | Oct 24, 2017 Blackstone’s AUM up 7.7% year-over-year by Jody Barhanovich Blackstone had nearly $20 billion of capital inflows in the third quarter 2017.
Investors | Oct 24, 2017 Palmira Capital teams with Apollo fund to invest €1b in European logistics by Andrea Waitrovich Palmira Capital Partners has partnered with Apollo European Principal Finance III Fund to invest more than €1 billion ($1.2 billion) in modern logistics facilities across Europe.
Research | Oct 24, 2017 Investors holding $540b of pent-up capital demand for commercial real estate by Released JLL Gobal’s global capital markets experts have totaled an estimated $540 billion in capital that LP investors are holding to place into commercial real estate investments across the globe.
Investors | Oct 24, 2017 Potlatch and Deltic Timber to combine to create leading timberland REIT by Released Potlatch Corp. and Deltic Timber Corp. have entered into a definitive agreement to combine in an all-stock transaction and create a leading domestic timberland owner and top-tier lumber manufacturer.
Transactions | Oct 24, 2017 Related Cos. pays $234m for Manhattan development sites by Andrea Waitrovich Related Cos. has paid $234 million for six development sites in the Chelsea area of Manhattan.