Research | May 6, 2024 Consumer spending expected to slow in 2024, says Colliers by Andrea Zander There is an expected slowdown in consumer spending in 2024, with overall growth slower than in 2023, according to Colliers.
Transactions | May 6, 2024 Belgian government buys 23 office buildings in Brussels for €900m by Andrea Zander The Belgian government, through its sovereign wealth fund Federal Holding and Investment Co. (SFPIM), has purchased 23 buildings from the Commission for €900 million ($971 million).
Transactions | May 6, 2024 United Benefits Holding acquires City Tower Vienna for EURO REAL ESTATE from IMMOFINANZ by Andrea Zander Euro Real Estate, a member company of the Wilhelm von Finck Group, has acquired the City Tower Vienna.
Research | May 6, 2024 Delayed rate cuts push back Asia Pacific commercial real estate investment recovery to late 2024 and early 2025 by Released CBRE’s latest survey reveals that capitalization rates across property sectors in Asia Pacific are expected to continue rising over the next six months due to delayed rate cuts and investors’ limited risk appetite.
Research | May 6, 2024 BofA survey: Majority of small and midsize business owners anticipate revenue growth this year by Released A majority of small and mid-sized business owners expect their revenues to increase this year, and their worries over a recession have declined substantially.
Research | May 3, 2024 U.S. adds 175,000 jobs in April, below economists’ forecasts by Loretta Clodfelter U.S. nonfarm payroll employment increased by 175,000 in April, according to the Bureau of Labor Statistics, and the unemployment rate ticked up to 3.9 percent. The total was below the forecast from Oxford Economics, but the labor market remains healthy.
Research | May 3, 2024 REITs raised more than $17b through debt, equity offerings in Q1 2024 by Andrea Zander U.S. REITs raised $17.6 billion from secondary debt and equity offerings in first quarter 2024.
Fundraising | May 3, 2024 Stockbridge holds $709m final close for fifth value-add fund by Andrea Zander Stockbridge has held a final close for its fifth fund within its closed-end, value-add series for $709 million in capital commitments.
Transactions | May 3, 2024 Terreno Realty Corp. pays $365m for 1.2msf portfolio by Andrea Zander Terreno Realty Corp. has a portfolio of industrial properties located in New York City, Northern New Jersey, the San Francisco Bay Area and Los Angeles, for $365 million.
Investors | May 3, 2024 Cook County Pension Fund makes $50m commitment: IREI.Q database by Andrea Zander The Cook County Pension Fund has made a $50 million commitment to Artemis Income & Growth Fund II/Mach III, according to the IREI.Q database.
Transactions | May 3, 2024 CapitaLand India Trust to invest in 2.5msf of IT buildings at HITEC City, Hyderabad by Released CapitaLand India Trust (CLINT) has entered into a forward purchase agreement with Phoenix Group to acquire IT buildings.
Research | May 3, 2024 KKR: U.S. multifamily housing market sees opportunity amid cyclical challenges by Andrea Zander Unlike in the office sector, the challenges in U.S. multifamily are cyclical rather than secular in nature, wrote Ralph Rosenberg, KKR’s global head of real estate.
Investors | May 3, 2024 Invitation Homes announces JV with Quarterra, Centerbridge, other capital partners by Denise Moose Invitation Homes Inc. announced that it has entered into a joint venture with Quarterra Group.
Fundraising | May 2, 2024 Greystar announces $1.9b final close for 11th U.S. multifamily value-added real estate fund by Andrea Zander Greystar Real Estate Partners, on behalf of its affiliates, has held a final close of Greystar Equity Partners XI (GEP XI), with aggregate equity commitments of $1.9 billion.
Fundraising | May 2, 2024 Alterra Property Group close Alterra IOS Venture III with 925m raised by Andrea Zander Philadelphia-based Alterra Property Group and New York City–based Park Madison Partners today announced the final close of Alterra IOS Venture III, which will invest in industrial outdoor storage (IOS) assets.
Transactions | May 2, 2024 Landmark Properties makes seventh acquisition in Austin market by Released Landmark Properties has acquired Pointe on Rio, a student housing property in Austin.
Investors | May 2, 2024 GTIS Partners, Hovnanian Enterprises expands homebuilding JV portfolio to $1b of equity to build 12,600 homes valued by Andrea Zander GTIS Partners and Hovnanian Enterprises, a national homebuilder, have expanded their partnership to develop, construct and sell homes in a new joint venture of eight additional for-sale homebuilding communities.
Transactions | May 2, 2024 Walker & Dunlop closes $155m refinancing for Manhattan’s Lexington Hotel by Released Walker & Dunlop has completed a $155 million refinancing deal for The Lexington Hotel.
Investors | May 2, 2024 Crescent Communities, Heitman announce JV partnership under Crescent's HARMON Portfolio by Andrea Zander Crescent Communities, Heitman, and a state pension fund separate account have formed a joint venture to invest in the HARMON by Crescent Communities single-family build-to-rent platform
Transactions | May 2, 2024 Starwood Capital, Crescent Real Estate, High Street Real Estate Partners sell Nashville hotel to Host Hotels by Released Starwood Capital Group, Crescent Real Estate and High Street Real Estate Partners have completed the sale of the 1 Hotel and Embassy Suites in Nashville, Tenn., to Host Hotels and Resorts, a lodging REIT and owner of luxury and upper-upscale hotels.
