Transactions | Aug 26, 2024 Mirae Asset in talks to buy second-tallest skyscraper in Vietnam by Andrea Zander South Korea–based Mirae Asset Securities and shareholders are in talks to acquire the three-building complex Landmark72, which encompasses the second-tallest skyscraper in Vietnam, according to KED Global.
Transactions | Aug 26, 2024 Sekisui House Asset Management buys Washington, D.C., apartment for $279m by Andrea Zander Sekisui House Asset Management, which manages Sekisui House REIT, has announced it will sell City Ridge, a U.S. residence property type in Washington, D.C., for $279 million.
Transactions | Aug 26, 2024 Investec extends London PBSA footprint with development loan for 397-bed Stratford scheme by Released Investec Real Estate has provided a joint venture between Watkin Jones plc and Housing Growth Partnership, the Lloyds-backed equity investor, with a development loan to fund the construction of a purpose-built student accommodation (PBSA) scheme in Stratford, East London.
Research | Aug 26, 2024 JLL names top 2024 cities for graduates to establish careers by Released In a study analyzing 1.6 million graduate counts and residing markets, JLL’s Talent Hubs 2024 Report identifies the top cities where 2024 graduates will start their careers and explores how these location decisions offer insight into the health and growth of office markets across the United States.
Transactions | Aug 26, 2024 Portman, 908 Group, Canyon Partners, PTM Partners form JV to develop student housing project in Tallahassee, Fla. by Released Portman, 908 Group, Canyon Partners Real Estate and PTM Partners have announced the formation of a new joint venture to develop a student housing project (The Hall) on the Florida State University (FSU) campus.
People | Aug 26, 2024 Linda Bursic hired to Affinius Capital’s global investors group by Released Linda Bursic has joined Affinius Capital as managing director in the firm’s global investors group, where she will be responsible for capital raising activities throughout North America.
Investors | Aug 23, 2024 Kern County pension fund makes $140m investments to real estate by Andrea Zander Kern County Employees’ Retirement Association has made four commitments on behalf of its real estate portfolio.
People | Aug 23, 2024 BREIT appoints Wesley LePatner CEO, Frank Cohen retires by Andrea Zander Blackstone Real Estate Income Trust, Inc. (BREIT) has announced Wesley LePatner, the current COO, will become BREIT’s CEO as of Jan. 1, 2025.
Transactions | Aug 23, 2024 Grosvenor refinances €652m revolving credit facility by Released Grosvenor has refinanced a £552 million (€652 million/$729 million) tranche of its £1.1 billion (€1.3 billion/$1.45 billion) syndicated unsecured multi-currency revolving credit facility (RCF).
Fundraising | Aug 23, 2024 Morning Calm Management launches middle-market focused commercial real estate mezzanine loan, preferred equity platform by Released Morning Calm Management, an investment and management firm with a focus on special situation investing and commercial real estate credit, has formed Morning Calm Strategic Credit (MCSC), a $500 million investment vehicle.
Transactions | Aug 23, 2024 Newmark secures $985m financing on behalf of 80 Clarkson developers in New York City by Released Newmark Group has arranged a $985 million loan to fund the construction of 80 Clarkson.
Fundraising | Aug 22, 2024 MA Financial to launch real estate credit vehicle with Warburg Pincus by Andrea Zander MA Financial Group has formed a A$1 billion ($670 million) Australia Real Estate Credit Vehicle for institutional investors.
Transactions | Aug 22, 2024 Loci Capital, RealtyLink to develop industrial building in Florida by Released Funds controlled by Loci Fund II GP, LLC, an affiliate of Loci Capital Group, a leading private real estate fund manager, has structured a joint venture with RealtyLink Development.
Investors | Aug 22, 2024 AVANA Cos., Oaktree form $250m private commercial real estate lending JV by Andrea Zander AVANA Cos. and funds managed by Oaktree Capital Management have formed the $250 million AVANA-Oaktree Private Credit Partnership (AOPCP) for its direct private commercial real estate lending strategy.
Transactions | Aug 22, 2024 Placemakr partners with Jamestown to launch Scout Living in Atlanta by Released Placemakr, a flexible-use hospitality and multifamily operator, has announced a partnership with Jamestown to open new hospitality living concept Scout Living.
Research | Aug 22, 2024 U.S. affordable housing crisis deepens as costs soar, pressuring renters and developers by Released S&P Global Ratings has published new research, No Quick Fix for the U.S. Affordable Housing Shortage, which looks at how access to affordable housing has changed, especially since COVID-19.
Transactions | Aug 22, 2024 Multi Corp. retains management mandate for Espacio León Shopping Center in Spain by Released Multi Corporation has retained the statutory, leasing and property management mandate for Espacio León Shopping Center in northwestern Spain.
Investors | Aug 22, 2024 Europe needs more façade renovation, rather than building demolition by Marek Handzel A far larger number of urban European buildings should have their façades refurbished in order to increase their value and increase sustainability within real estate markets, according to Vincent Nobel, head of asset based lending at Federated Hermes.
Investors | Aug 21, 2024 Canada Pension Plan Investment Board invests €500m to Blackstone Real Estate Partners Europe VII by Andrea Zander Canada Pension Plan Investment Board has committed €500 million ($555 million) to Blackstone Real Estate Partners Europe VII, which invests in under-managed, well-located real estate assets across Europe, according to its release.
Research | Aug 21, 2024 Data and risk remain key challenges to scaling generative AI, says Deloitte survey by Released Survey respondents say that while their senior executives and board members are still intrigued by Generative AI (GenAI), there are signs of enthusiasm beginning to wane as the "new technology" shine wears off.
