Transactions | Dec 18, 2023 Walton Global completes sale of nearly 59 acres from the Sugarloaf Crossing Master Plan by Released Walton Global has sold 58.9 acres out of the 184-acre Sugarloaf Crossing Master Plan located in Gwinnett County, Ga.
Transactions | Dec 18, 2023 Cushman & Wakefield unveils Asset Optimization Group for underperforming and distressed assets by Released Cushman & Wakefield has launched Asset Optimization Group, which will specialize in underperforming assets.
Transactions | Dec 18, 2023 Hines Global Income Trust acquires IBM 500 Campus in Durham, N.C. by Released Hines Global Income Trust (HGIT) has acquired the IBM 500 Campus, a 774,000 square-foot property located at 4205 South Miami Boulevard, Durham, N.C.
Research | Dec 18, 2023 PGIM Real Estate’s 2024 outlook report for European markets by Lewis Dayton As real estate professionals continue to grapple with high interest rates, price adjustments will decline further in 2024 and will keep real estate returns weak in Europe, though in certain markets, such as logistics, opportunities are emerging as pricing stability is being reached. That’s one of the takeaways from a recent report by PGIM Real Estate on the outlook for European real estate markets in 2024.
Transactions | Dec 15, 2023 BREDS, BREIT, CPP Investments and Rialto Capital acquire 20% stake in CRE loan portfolio of former Signature Bank by Andrea Zander Blackstone Real Estate Debt Strategies, Blackstone Real Estate Income Trust Inc., Canada Pension Plan Investment Board, through its subsidiary CPPIB Credit Investments III Inc., and funds affiliated with Rialto Capital have entered into a newly formed joint venture with the Federal Deposit Insurance Corporation.
Research | Dec 15, 2023 KKR releases 2024 Global Macro Outlook by Released KKR has released its 2024 Global Macro Outlook by Henry McVey, CIO of KKR’s balance sheet and head of global macro and asset allocation.
Transactions | Dec 15, 2023 M&G forms JV with Nomura Real Estate Development on €232m prime central London office scheme by Released M&G Real Estate and Nomura Real Estate Development have formed a joint venture on The Fitzrovia.
Investors | Dec 15, 2023 AlphaReal secures $302m portfolio to manage for U.K. DB pension scheme by Released AlphaReal, a specialist real assets investment manager focused on secure income strategies, has secured a £240 million ($302 million) investment portfolio of ground rents, long lease real estate and infrastructure assets to manage on behalf of a large U.K. defined benefit pension scheme.
Transactions | Dec 15, 2023 Beal Bank originates $620m loan to fund construction for Knox Street development by Released Beal Bank has originated a construction and permanent loan of $619.45 million to a development venture for the construction of a mixed-use development in the Knox Street neighborhood of Dallas.
Transactions | Dec 15, 2023 FIBRA Prologis acquires 1.1msf of industrial in Mexico for $120m by Released FIBRA Prologis, an owner and operator of class A industrial real estate in Mexico, has acquired two buildings from Prologis located in Ciudad Juarez and Reynosa for $120 million.
Transactions | Dec 15, 2023 Olympian Homes, Housing Growth Partnership announce joint venture to deliver €140m, 790-bed PBSA scheme by Released Olympian Homes and Housing Growth Partnership (HGP) have formed an equity joint venture to deliver a 790-bed purpose-built student accommodation scheme.
Transactions | Dec 15, 2023 Invesco sells Lidl logistics center to Hines by Andrea Zander Invesco Real Estate has sold the 73,500-square-meter (791,150-square-foot) logistics center Mittelsachsen (LZM) in Hainichen, Germany.
Transactions | Dec 15, 2023 The Cordish Cos. breaks ground on new $270m Live! Casino & Hotel Louisiana by Released LRGC Gaming Investors, an affiliate of The Cordish Cos., has broken ground on the more than $270 million Live! Casino & Hotel Louisiana.
Investors | Dec 15, 2023 Michigan State University endowment posts 6.9% return for fiscal year by Lewis Dayton Michigan State University’s (MSU) endowment posted a net return of 6.9 percent for the fiscal year that ended on June 30, 2023, underperforming its 11.2 percent benchmark.
Investors | Dec 15, 2023 University of Chicago’s endowment returns 3.3% during the fiscal year by Lewis Dayton The University of Chicago’s (UChicago) endowment, valued at $10 billion, yielded a return of 3.3 percent for the fiscal year that ended on June 30, 2023.
Investors | Dec 15, 2023 Washington University in St. Louis posts -2.3% return for fiscal year by Lewis Dayton The Washington University Investment Management Co. (WUIMC), which manages the Managed Endowment Pool (MEP) for Washington University, reported a –2.3 percent return for the fiscal year that ended on June 30, 2023, underperforming the Global 70/30 Stock/Bond benchmark of 10.8 percent.
Research | Dec 15, 2023 PGIM Real Estate’s 2024 outlook for Asia Pacific by Lewis Dayton Real estate returns in Asia Pacific should start to recover in 2024 as capital values stabilize and income returns prove resilient, says PGIM Real Estate in its 2024 Real Estate Outlook for the region. However, the degree of recovery will vary market to market.
People | Dec 15, 2023 Davis Cos. appoints Jon Needham as senior vice president of asset management by Released Jon Needham will join The Davis Cos.
Research | Dec 14, 2023 Proptech usage to grow in Saudi Arabia by Jennifer Molloy The Kingdom of Saudi Arabia has seen huge transformation in the past 20 to 30 years and continues to evolve and develop materially across most indicators, according to The Foundations of Growth: Proptech in Saudi Arabia, a recent report from The Proptech Connection.
Investors | Dec 14, 2023 State of Illinois to contribute $6.2b to TRS Illinois for fiscal year 2025 by Released The Teachers’ Retirement System of the State of Illinois’ (TRS) Board of Trustees certified a $6.2 billion state government contribution for the System in fiscal year 2025 during its December Board meeting. The state contribution is a 2.7 percent increase over the state’s $6.04 billion contribution for the current fiscal year.
