Research | Apr 16, 2024 CBRE expects Japan’s hotel sector to improve by Released Although occupancy for Japan’s hotel sector was down 11 percent as of February 2024 year-to-date compared to the same period in 2019, CBRE expects an improvement over the course of this year on the back of further foreign tourism gains.
Transactions | Apr 16, 2024 Allerman acquires new office headquarters for $242m by Released Korea’s leading bedding company, Allerman, has secured a site for a new office headquarters with the $242 million purchase of T412 Building in central Seoul, facilitated by Colliers in collaboration with Savills Korea and Hanhwa H&R.
Transactions | Apr 16, 2024 Keppel DC REIT unlocks $112m from divestment of Sydney data center at 35% premium over valuation by Released Keppel DC REIT Management Pte. Ltd., as manager of Keppel DC REIT, has entered into a sale-and-purchase agreement to divest its 100 percent freehold interest in Intellicentre Campus in Sydney.
Transactions | Apr 16, 2024 Cityview completes 243-unit multifamily project in Los Angeles’ Historic Filipinotown by Released Cityview has completed Belle on Bev – a 243-unit mixed-use project in Los Angeles’ Historic Filipinotown (HiFi).
Research | Apr 16, 2024 Economic outlook, technology and sustainability driving evolution of office fit-outs by Released CBRE’s new Global Office Fit-Out Cost Guide shows that the office fit-out landscape continues to evolve, driven by a confluence of economic, technological and societal shifts. It also reviews the impact on office fit-outs of several key trends, including technology and innovation, workplace evolution, sustainability and investment patterns.
Research | Apr 16, 2024 Industrial new supply continues to push vacancy higher: Leasing remains healthy by Released Overall industrial vacancy rate rose another 60 basis points since the close of 2023 to 5.8 percent, according to the latest data by Cushman & Wakefield.Â
Transactions | Apr 16, 2024 Investcorp grows U.S. industrial real estate portfolio in South Florida and Denver with $200m acquisition by Released Investcorp has acquired a 1.3 million-square-foot, 31-building multitenant industrial real estate portfolio across two markets in South Florida and Denver for approximately $200 million.
Fundraising | Apr 16, 2024 Astarte Capital Partners and SilviPar AB close inaugural Impact Forestry Fund at $325m by Released Astarte Capital Partners and Silvipar AB have held a final close of their inaugural Silvipar Astarte Impact Forestry Fund (SAIFF) at $325.3 million.
Transactions | Apr 16, 2024 Blackstone's QTS to buy Britishvolt site for new data center by Andrea Zander Blackstone plans to buy the former site of Britishvolt, a failed battery startup in northeast England, for £110 million (€129 million /$137 million), according to media outlets.
People | Apr 16, 2024 Ronald van Dijk joins Pensioenfonds Rail & OV as CIO by Lewis Dayton Ronald van Dijk has been appointed an executive board member and CIO at Pensioenfonds Rail & OV, a non-mandatory Dutch pension fund for the railways and public transport industry, according to his LinkedIn page.
Transactions | Apr 15, 2024 Hines in partnership with Olympian Homes commences development of more than 500 new net-zero homes in U.K. by Released Hines has agreed to forward fund the development of a 519-unit residential scheme in Newcastle, England, on behalf of its Hines European Property Partners (HEPP) fund in partnership with developer Olympian Homes.
Investors | Apr 15, 2024 Redevco launches Redevco Capital Partners to target European special situations real estate opportunities by Released Redevco, and Oliver Herrmann, founder of German large-scale retail specialist Redos, are launching Redevco Capital Partners, targeting special situations real estate opportunities across Europe.
Transactions | Apr 15, 2024 Mission West in talks to be acquired by Andrea Zander Mission West Properties, a REIT that manages properties in Silicon Valley, said a private equity fund was negotiating to buy it for about $1.8 billion, reported Reuters.
Transactions | Apr 15, 2024 Blackstone offers to buy Finnish real estate firm Sponda for $2b by Andrea Zander Blackstone has plans to buy Finnish real estate investment company Sponda for €1.8 billion ($2 billion), reported Reuters.
Investors | Apr 15, 2024 Cushman & Wakefield launches alternatives platform of scale in Australia and New Zealand by Released Cushman & Wakefield has launched its Alternatives platform.
Transactions | Apr 15, 2024 Equinix, PGIM Real Estate enter into $600m JV for first U.S. xScale Data Center by Andrea Zander Equinix, Inc. and PGIM Real Estate, the real estate investment and financing arm of PGIM, Prudential Financial's global asset management business, have entered into a $600 million joint venture to develop and operate the first xScale data center in the United States, located in the Silicon Valley.
Transactions | Apr 15, 2024 Bruce Smith Enterprise, Cordish Cos. partner on proposal to codevelop $1.4b mixed-use development in Virginia by Released Bruce Smith Enterprise and The Cordish Companies have responded to a request for proposal issued by the City of Petersburg, Va.
People | Apr 15, 2024 Scott Richland to step down as CIO at Caltech by Lewis Dayton Scott Richland will be stepping down as CIO at Caltech on Dec. 31, 2024, according to a letter to the Caltech community from Thomas Rosenbaum, the Sonja and William Davidow Presidential chair and professor of physics.
Investors | Apr 15, 2024 Maine Employees commits $35m to High Street logistics fund by Lewis Dayton The Maine Public Employees’ Retirement System (MainePERS) has approved a commitment, subject to final due diligence, of $35 million to High Street Value Fund I (HSVF I), confirmed James Bennett, chief investment officer, MainePERS.
Investors | Apr 15, 2024 Illinois Retirement Fund commits $150m to two real estate funds by Lewis Dayton The Illinois Municipal Retirement Fund (IMRF) has committed $100 million to Starwood Distressed Opportunity Fund XIII and $50 million to Grandview III.
