People | May 13, 2024 Texas Teachers hires new deputy director by Released The Teacher Retirement System of Texas (TRS) has announced the hire of Caasi Lamb as the pension trust fund’s newest deputy director, with a scheduled start date of July 8, 2024. Lamb replaces Andrew Roth, who this month left TRS after five years to lead the Colorado Public Employees Retirement Association as CEO.
Prime Group acquires first self-storage property in Vancouver by Released Prime Group Holdings has made its first investment in the British Columbia market.
Research | May 10, 2024 Principal survey reveals businesses set to grow, amid increased levels of optimism by Released According to the latest Principal Financial Well-Being IndexSM (WBI), business owners, decision makers, and business leaders report strong levels of growth.
78 percent of Americans agree higher menu prices have made dining out more challenging this year by Released Approximately 78 percent of Americans agree that higher menu prices have made dining out more challenging over the past year.
Research | May 10, 2024 Savills: European prime office yield softening slows by Andrea Zander European prime office yields moved out by an average of 5 basis points to 4.90 percent during first quarter 2024, down from a 17 basis-points increase in the previous quarter, as yields begins to stabilize, according to Savills.
Research | May 10, 2024 Some distress will Emerge amid wall of loan maturities by Andrea Zander CBRE expects most of commercial real estate loans nationwide will be extended, although some forced sales will occur as lenders lose patience or borrowers default.
Fundraising | May 10, 2024 Bixby Land closes of Bixby Industrial Fund I by Released Bixby Land Company recently closed its newly established Bixby Industrial Fund I.
Investors | May 10, 2024 Florida State Board invests $17m in Montecito III by Lewis Dayton The Florida State Board Administration (Florida SBA) has invested $16.8 million toward Montecito III after a $333.25 million investment it made toward Montecito III in third quarter 2023.
Fundraising | May 10, 2024 Brookfield holds first close at $8b for fifth flagship opportunistic real estate fund by Lewis Dayton Brookfield has held a first close for the fifth vintage of its flagship opportunistic real estate fund.
Other | May 10, 2024 Legislators push back against data center tax breaks by Lewis Dayton Legislators are pushing back against the friendly tax incentives many states offer to data center developers and operators, reported Saijel Kishan for Bloomberg.
Investors | May 9, 2024 Niam and Kuuskodit Investment Management launch residential JV in Finland by Released Niam and Kuuskodit Investment Management have announced the launch of a new joint venture.
Research | May 9, 2024 JLL study reveals three-day office week as dominant hybrid work pattern by Released Office attendance continues to increase globally, according to JLL.
Research | May 9, 2024 S&P Global Market Intelligence global bank ranking: Chinese banks maintain dominance in 2023 despite economic headwinds by Released Chinese banks maintained their dominance in the global largest lender rankings of 2023 despite a downturn in the property sector.
People | May 9, 2024 Max LaVictoire joins Landmark Properties as managing director of investor relations by Released Max LaVictoire has joined Landmark Properties.
Transactions | May 9, 2024 Ares Real Estate announces acquisition of hotel portfolio from Landsec by Andrea Zander Funds managed by Ares Real Estate have acquired a hotel portfolio from Landsec alongside hotel operating partner EQ Group.
Transactions | May 9, 2024 Remedy, Kayne Anderson acquire 37-property healthcare real estate portfolio for $252m by Andrea Zander Joint venture partners Remedy Medical Properties and Kayne Anderson Real Estate, together the nation’s largest private owners of healthcare real estate, have acquired a portfolio of 37 healthcare properties from Broadstone Net Lease.
People | May 9, 2024 LGPS Central CIO to depart by Lewis Dayton Gordon Ross is set to depart as chief investment officer of LGPS Central, a manager of eight Midlands-based local government pension schemes in the United Kingdom.
Investors | May 9, 2024 Connecticut Retirement commits $250m to Carlyle Realty Partners fund by Lewis Dayton The Connecticut Retirement Plans and Trust Funds (CRPTF) has made a commitment of $250 million to Carlyle Realty Partners X, according to an announcement from Erick Russell, Connecticut’s State Treasurer.
