Research | Jan 8, 2024 DataStax releases top five generative AI predictions for 2024 by Released DataStax, the company that powers generative AI applications with real-time, scalable data has released its top predictions for 2024; generative AI will be at the top of every organization’s list of priorities.
Transactions | Jan 8, 2024 Travelodge buys 66 hotels from LXi for €244m by Andrea Zander Travelodge has exchanged contracts to acquire 66 Travelodge-branded hotels on a freehold and long leasehold basis from its largest landlord, LXi REIT plc, for £210 million (€244 million/$268 million).
People | Jan 8, 2024 Simon Cowley joins Chancerygate by Andrea Zander Chancerygate has appointed Simon Cowley from M7 Investment Group to lead its investment and asset management operations.
Transactions | Jan 8, 2024 Tishman Speyer buys Holiday Inn Express in Shanghai by Andrea Zander Tishman Speyer has agreed to acquire a majority stake in the 296-key Holiday Inn Express Shanghai Wujiaochang.
Transactions | Jan 8, 2024 IJM Land purchased historic site in Hertfordshire for mixed-use complex by Andrea Zander IJM Land, a U.K. subsidiary of Malaysia’s IJM Land, has purchased the historic site in Welwyn Garden City, a town in Hertfordshire, England, 20 miles north of London.
Transactions | Jan 8, 2024 Investor consortium led by Oaktree, Centerbridge Partners to buy airport hospitality group by Kali Persall An investor consortium led by Oaktree Capital Management and Centerbridge Partners has plans to acquire OTG, a hospitality group that develops and operates restaurants, retail markets and food halls in airports throughout North America, for an undisclosed amount.
Investors | Jan 8, 2024 Michigan Retirement System commits $100m to Lone Star mortgage fund by Lewis Dayton The State of Michigan Retirement System’s investment board committed $100 million to Lone Star Residential Mortgage Fund (LSRMF) III in the third quarter of 2023, recent quarterly documents show.
Research | Jan 5, 2024 216,000 jobs added to the U.S. economy in December by Lewis Dayton The total nonfarm payroll employment in the United States increased by 216,000 in December, surpassing estimates, though the unemployment rate remained steady at 3.7 percent.
Transactions | Jan 5, 2024 25-building industrial portfolio in South Florida sells for $260m by Andrea Zander Boston-based real estate investment firm Longpoint has acquired a 25-building industrial portfolio in South Florida for $262 million.
Transactions | Jan 5, 2024 Skanska invests €178m for office building in Stockholm, Sweden by Released Skanska has invested SEK 2 billion (€178 million/$195 million) in the Olivin office building, the first phase of the upcoming development area in Stockholm’s Lindhagen district.
Transactions | Jan 5, 2024 Walton Global closes on sale of nearly 18-acres in Georgia to Krause Auto Group by Released Walton Global has concluded sale of 17.6 acres of the 215-acre Winslow Park Master Plan.
Transactions | Jan 5, 2024 $215m financing secured for Ritz-Carlton waterfront condominium development in Southwest Florida by Released JLL Capital Markets has arranged $215 million in construction financing for The Ritz-Carlton Residences, Estero Bay South Tower, which is the first of a multi-phase condominium development located in Bonita Springs, Fla.
Transactions | Jan 5, 2024 REIT sells telecom tower businesses in India for $2.5b by Andrea Zander American Tower Corporation has signed a definitive agreement to sell its operations in India.
Transactions | Jan 5, 2024 Lionstone Investments sells fully leased North Hills office building in Raleigh, N.C. by Released Lionstone Investments announced that it has sold Midtown Plaza, a fully leased, class AA office building located in Raleigh, N.C.
Investors | Jan 5, 2024 Kern County commits $75m to Blue Owl Real Estate Fund VI by Lewis Dayton The Kern County (Calif.) Employees’ Retirement Association (KCERA) has committed $75 million to Blue Owl Real Estate Fund VI (also referred to as Oak Street Real Estate Capital Fund VI).
Research | Jan 5, 2024 Gauging firms and managers’ smart building-tech budgets, priorities and preferences by Lewis Dayton A recent report from Verdantix surveyed 300 real estate and facility-management executives in North America, Asia Pacific (APAC) and Europe, the Middle East and Africa (EMEA), from July to September 2023, offering a comprehensive outlook on smart building-technology budgets, priorities and preferences as companies head into 2024.
Transactions | Jan 5, 2024 Affiliate of The Inland Real Estate Group finances senior housing portfolio in Minneapolis by Denise Moose An affiliate of The Inland Real Estate Group of Companies announced it received acquisition financing of three independent, assisted living and memory-care communities in the greater Minneapolis-St. Paul MSA.
Research | Jan 4, 2024 U.S. industrial vacancy surpasses 5% on robust speculative deliveries by Andrea Zander With demand muted and speculative construction completions persisting at a healthy rate, the industrial vacancy rate ticked higher by 60 basis points to 5.2 percent, according to Cushman & Wakefield’s fourth quarter 2023 industrial report.
Transactions | Jan 4, 2024 Independence Realty Trust sells four properties for $200m by Andrea Zander Independence Realty Trust, as part of the company’s portfolio optimization and deleveraging strategy, has sold four properties for $200.7 million.
Transactions | Jan 4, 2024 Institutional investors are ‘crucial to U.K. residential property building targets’ by Andrea Zander Institutional investors are increasingly recognizing their crucial role in meeting residential property building targets in the United Kingdom and plan to boost funding levels, according to new research by Downing.
