Research | Jan 25, 2024 How the office market will begin to ascertain itself in 2024 by Lewis Dayton As hybrid work becomes the new norm, office demand will continue to be limited in 2024 and national vacancy rates will rise slightly. Yet a thinning construction pipeline and an increasing demand for high-quality spaces will continue to support prime buildings to outperform, according to CBRE’s 2024 Office/Occupier outlook.
People | Jan 25, 2024 UBS appoints president asset management and lead for sustainability and impact by Released Following Suni Harford’s decision to retire from UBS, Aleksandar Ivanovic will join UBS’s Group executive board as president asset management and Beatriz Martin Jimenez will become the GEB lead for sustainability and impact in addition to her existing responsibilities. These changes will be effective March 1, 2024.
Moorfield completes funding deal for Manchester BTR scheme by Released Moorfield Group has entered into its fourth development agreement with Glenbrook, on behalf of its Moorfield Real Estate Fund V, forward-funding a 440 home multifamily build-to-rent (BTR) development in Trafford, Manchester.
People | Jan 25, 2024 AEW appoints Jeffrey King as Fund Manager of EUROCORE by Released Jeffrey King has been appointed fund manager of EUROCORE, AEW’s leading open-ended pan-European core fund.
People | Jan 25, 2024 PGIM Real Estate appoints new country head for Japan by Andrea Zander PGIM Real Estate has appointed David Fassbender as country head of Japan.
Investors | Jan 25, 2024 Understanding Clarion Partners Europe’s U.K. logistics scheme by Lewis Dayton It was early 2022 in the United Kingdom and an anomaly was occurring: Interest rates were beginning to rise, but logistics sector cap rates were continuing to fall.
Research | Jan 25, 2024 Institutional investors in North America raise long-term allocation targets to private assets by Released More than 40 percent of U.S. and Canadian institutional investors plan to increase allocations to private debt in the next three years and roughly a third plan to grow their private equity holdings overall.
Transactions | Jan 25, 2024 Frasers Centrepoint Trust to acquire additional 24.5% interest in regional shopping mall for $390m by Andrea Zander Frasers Centrepoint Asset Management Ltd., as the manager of Frasers Centrepoint Trust (FCT), has announced that HSBC Institutional Trust Services has entered into a share purchase agreement with Frasers Property Limited, the sponsor of FCT to acquire an additional 24.5 percent effective interest in the retail mall NEX. for an estimated total acquisition cost of approximately S$523.1 million ($390.56 million).
Transactions | Jan 25, 2024 JLL Capital Markets arranges $70m refinancing for 108-unit NYC mixed-use development by Released JLL Capital Markets has arranged a $70.635 million Fannie Mae loan for SMA Equities to refinance 200 East 23rd St., a newly completed, 20-story mixed-use property in Manhattan’s Gramercy Park neighborhood.
Research | Jan 24, 2024 The economic and CRE outlook in the United States for 2024 by Lewis Dayton The United States’ economic outlook for 2024 looks favorable, according to Mark Zandi, chief economist, Moody’s Analytics, and other panelists featured in last week’s Cutting Through Uncertainty: 2024 Economic & CRE Outlook webinar, hosted by Marcus & Millichap.
Research | Jan 24, 2024 New York leads way in annual ranking recognizing commitment to LEED certification and sustainable communities by Released New York ranked number one, based on LEED-certified gross square footage per capita over the past year, leading the country in green building, according to U.S. Green Building Council.
Transactions | Jan 24, 2024 Ontario Teacher’s Pension Plan and Boreal IM JV purchases French logistics portfolio by Released The Ontario Teachers' Pension Plan and Boreal IM joint venture has made an acquisition in the French logistics market.
Research | Jan 24, 2024 Europe’s most climate resilient cities revealed by Released CBRE has published its ranking of European cities according to its resilience to the impacts of climate change.
People | Jan 24, 2024 Eddie Huang joins Prologis as president of Greater China by Andrea Zander Eddie Huang has joined Prologis as president of Greater China. Huang will be based in Shanghai.
Research | Jan 24, 2024 2024 private real estate debt outlook: Alt real estate debt providers will be the winners by Andrea Zander The supply of credit from traditional lenders is likely to remain limited, creating a meaningful opportunity for alternative debt providers to participate in the reconstitution of the capital stack.
Investors | Jan 24, 2024 SolaREIT launches new capital solutions for battery energy-storage developers by Released SolaREIT has plans to launch a suite of capital solutions for battery energy storage systems (BESS) developers.
Transactions | Jan 24, 2024 Cohen & Steers Income Opportunities REIT makes first investment, acquires open-air community shopping center in Dallas by Released Cohen & Steers Income Opportunities REIT has purchased the Marketplace at Highland Village , an open-air community shopping center located in Dallas.
Fundraising | Jan 24, 2024 BGO surpasses target with final close of third Europe Secured Lending Fund at €1.38b by Andrea Zander BGO has held a final close for its third Europe Secured Lending Fund.
Transactions | Jan 24, 2024 M&G Real Estate Asia buys tower in Tokyo for $201m by Andrea Zander M&G Real Estate Asia has acquired Frontier Shinjuku Tower.
People | Jan 24, 2024 Timothy Reese appointed secretary at Pennsylvania Municipal Retirement System by Released The Pennsylvania Municipal Retirement System (PMRS) Board of Trustees has announced the appointment of Timothy Reese as secretary. Â
