Research | May 18, 2017 Hong Kong’s high marks for high costs by Jennifer Molloy As one of Asia’s most prominent business hubs, Hong Kong tops many regional and global lists pertinent to the real estate industry.
Transactions | May 17, 2017 Griffin Partners fund acquires office property in Houston by Jody Barhanovich Griffin Partners has acquired an office property in Houston.
Research | May 17, 2017 Better Buildings Progress report says companies have saved $1.9b by Andrea Waitrovich More than 900 organizations across many diverse sectors are now part of the Better Buildings Initiative.
People | May 17, 2017 PGIM Real Estate head of Americas to retire by Released PGIM Real Estate’s Kevin R. Smith, head of the Americas, will retire in early 2018.
Transactions | May 17, 2017 Land Securities pays £333m for U.K. outlet centers by Released Land Securities has acquired a portfolio of three outlet centers in the United Kingdom.
Investors | May 17, 2017 Hawaii hires Aon Hewitt as real estate consultant by Jody Barhanovich The $15.1 billion Employees’ Retirement System of the State of Hawaii has hired Aon Hewitt Investment Consulting.
Transactions | May 17, 2017 Forest City to sell $4b U.S. retail portfolio to Australian partner by Andrea Waitrovich U.S.-based Forest City Realty Trust plans to sell its interest in seven of its 11 regional malls worth approximately $4 billion to QIC.
Investors | May 17, 2017 Waypoint launches student housing affiliate by Andrea Waitrovich Waypoint Residential has launched a new affiliate for the student housing sector.
Fundraising | May 17, 2017 FPA launches new multifamily real estate fund by Jody Barhanovich FPA Multifamily has launched a multifamily opportunistic real estate fund.
Investors | May 17, 2017 University of Michigan commits $25m to real estate fund by Jody Barhanovich The $11.6 billion Regents of the University of Michigan has committed $25 million to real estate.
Transactions | May 16, 2017 Clemente Development Co. proposes $1.3b mixed-use project by Andrea Waitrovich Clemente Development Co. has submitted design plans for a $1.3 billion, mixed-use project in Northern Virginia.
Research | May 16, 2017 Investment activity in Italy increases by Andrea Waitrovich Investment volume in the Italian property markets was €1.8 billion ($1.99 billion) during the first quarter of 2017, up by 9 percent, compared with the same period of 2016, according to Colliers International.
Research | May 16, 2017 Houston office market class A availability rises by Andrea Waitrovich The Houston office market will have a continued imbalance of supply and demand through the rest of 2017, according to Savills.
Fundraising | May 16, 2017 Berkeley Partners raises $223.2m for real estate fund by Jody Barhanovich Berkeley Partners has raised $223.2 million for fourth fund.
Investors | May 16, 2017 Maine PERS commits $350m to Blackstone fund by Jody Barhanovich Maine Public Employees Retirement System has committed $350 million to a fund managed by The Blackstone Group.