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CapitaLand Investment Limited (CLI) has secured fresh capital commitments from new and existing institutional investors for its value-added lodging private fund, CapitaLand Ascott Residence Asia Fund II (CLARA II).

Funds affiliated with Blackstone Real Estate acquired a 46 percent joint-control stake in 1345 Avenue of the Americas — owned by Fisher Brothers — at a total valuation of $1.4 billion.

The build-to-rent single-family rental (BTR-SFR) sector is gaining momentum among institutional investors, driven by strong fundamentals such as housing affordability challenges, shifting demographics, migration to lower-density markets and limited existing institutional presence, says David Reynolds, president, investment management, for Mill Creek Residential, in an interview. He explains the appeal to both millennials and baby boomers, as well as its advantages in property management and standardization. Reynolds sees the BTR-SFR sector as a strategic investment opportunity that meets evolving renter preferences and fills a critical gap in the housing market.

Despite uncertainties about the economy, net absorption of office space was positive for a fourth consecutive quarter and demand is projected to continue to grow for the rest of the year, according to the NAIOP Research Foundation’s Office Space Demand Forecast.

JLL Capital Markets has arranged $231 million in financing for a 43-property industrial outdoor storage (IOS) portfolio totaling 293 acres across 13 states.

Oppidan Investment Co., a national property development firm headquartered in Excelsior, Minn., has broken ground on a 61,000-square-foot data center on Argenta Trail.

Evolving work patterns in the post-pandemic era, employees’ demands for a better workplace experience, the large regional supply pipeline and high vacancy, and the urgent need to enhance older properties to maintain their competitiveness are a few of the factors converging to drive a new era of office innovation in Asia Pacific, according to CBRE’s APAC Office Innovation: Perspectives for Landlords & Investors report.

GRESB, the global benchmark and strategic partner for resilient, high-performing investments across real assets and climate-critical industries, and Infrastructure Masons (iMasons), a global nonprofit association of digital infrastructure professionals, have formed a strategic partnership to develop the first global sustainability benchmark tailored to the needs and operations of data centers.

Barings has acquired i|o at Playa Vista, a 306,809 square-foot creative workplace campus in Playa Vista, Calif., for $150.7 million.

The Massachusetts Pension Reserves Investment Management Board (Mass PRIM) has committed $75 million to DivCore Fund VII, a program of DivcoWest.

The Los Angeles City Employees’ Retirement System (LACERS) has committed up to $25 million to Mavik Real Estate Special Opportunities VS2, according to meeting materials from May 27.

Newmark Group has arranged the sale of 601 South Figueroa Street — also known as 601 Fig or Fig at Wilshire — a 1,041,315-square-foot high-rise office tower in Downtown Los Angeles. The asset sold for $210 million, equating to a price of approximately $202 per square foot.

Gray Capital, an Indianapolis-based multifamily investment firm, has launched its Midwest Multifamily Fund, an opportunistic investment vehicle designed for institutional investors, family offices, and ultra-high-net-worth individuals.

Lone Star Funds has announced that an affiliate of Lone Star Real Estate Fund VII has reached an agreement to purchase nine purpose-built student accommodation (PBSA) assets in the United Kingdom from affiliates of Unite Students.

Colliers has entered into a definitive agreement to acquire a controlling interest in Astris Infrastructure (Astris Finance), a global investment banking firm specializing in infrastructure and energy transition.  

Barings has completed on its acquisition of a purpose-built student accommodation (PBSA) scheme in London for £101.1 million ($137.34 million) on behalf of a European value-added real estate strategy and in a joint venture with Rosethorn Capital.

Tritax Management has launched its Tritax London Logistics Fund (TLLF), an open-end real estate fund investing in high-quality logistics assets in the Greater London area.

Barings and Crebrid, the newly rebranded and rapidly growing real estate lending platform formerly known as Wildcat Lending, have announced a new credit facility.

With investment in commercial real estate on the rise again in Europe, retail premises continue to recover, according to BNP Paribas Real Estate.

Ryan Kaplan has joined Strategic Value Partners as a managing director to focus on real estate investment activities across North America