Transactions | Apr 15, 2024 Hines in partnership with Olympian Homes commences development of more than 500 new net-zero homes in U.K. by Released Hines has agreed to forward fund the development of a 519-unit residential scheme in Newcastle, England, on behalf of its Hines European Property Partners (HEPP) fund in partnership with developer Olympian Homes.
Investors | Apr 15, 2024 Redevco launches Redevco Capital Partners to target European special situations real estate opportunities by Released Redevco, and Oliver Herrmann, founder of German large-scale retail specialist Redos, are launching Redevco Capital Partners, targeting special situations real estate opportunities across Europe.
Transactions | Apr 15, 2024 Mission West in talks to be acquired by Andrea Zander Mission West Properties, a REIT that manages properties in Silicon Valley, said a private equity fund was negotiating to buy it for about $1.8 billion, reported Reuters.
Transactions | Apr 15, 2024 Blackstone offers to buy Finnish real estate firm Sponda for $2b by Andrea Zander Blackstone has plans to buy Finnish real estate investment company Sponda for €1.8 billion ($2 billion), reported Reuters.
Investors | Apr 15, 2024 Cushman & Wakefield launches alternatives platform of scale in Australia and New Zealand by Released Cushman & Wakefield has launched its Alternatives platform.
Transactions | Apr 15, 2024 Equinix, PGIM Real Estate enter into $600m JV for first U.S. xScale Data Center by Andrea Zander Equinix, Inc. and PGIM Real Estate, the real estate investment and financing arm of PGIM, Prudential Financial's global asset management business, have entered into a $600 million joint venture to develop and operate the first xScale data center in the United States, located in the Silicon Valley.
Transactions | Apr 15, 2024 Bruce Smith Enterprise, Cordish Cos. partner on proposal to codevelop $1.4b mixed-use development in Virginia by Released Bruce Smith Enterprise and The Cordish Companies have responded to a request for proposal issued by the City of Petersburg, Va.
People | Apr 15, 2024 Scott Richland to step down as CIO at Caltech by Lewis Dayton Scott Richland will be stepping down as CIO at Caltech on Dec. 31, 2024, according to a letter to the Caltech community from Thomas Rosenbaum, the Sonja and William Davidow Presidential chair and professor of physics.
Investors | Apr 15, 2024 Illinois Retirement Fund commits $150m to two real estate funds by Lewis Dayton The Illinois Municipal Retirement Fund (IMRF) has committed $100 million to Starwood Distressed Opportunity Fund XIII and $50 million to Grandview III.
Investors | Apr 15, 2024 Maine Employees commits $35m to High Street logistics fund by Lewis Dayton The Maine Public Employees’ Retirement System (MainePERS) has approved a commitment, subject to final due diligence, of $35 million to High Street Value Fund I (HSVF I), confirmed James Bennett, chief investment officer, MainePERS.
Investors | Apr 15, 2024 Virginia Retirement commits $300m to real assets opportunities by Lewis Dayton The Virginia Retirement System (VRS) has committed $200 million to Stonepeak Infrastructure Fund V (SIF V) and $100 million to a USEF Sailfish Venture, according to recent meeting documents.
Transactions | Apr 15, 2024 Partners Group acquires strategic minority stake in Trinity Investments by Released Partners Group, a leading global private markets firm, has agreed to acquire a strategic minority stake in Trinity Investments.
Transactions | Apr 12, 2024 Mapletree acquires 31 U.K. assets with an operating platform for €1.2b by Released Mapletree Investments has announced the acquisition of 8,192 operational beds across 19 cities in the United Kingdom and Germany, as well as an operating platform from Cuscaden Peak Investments.
Research | Apr 12, 2024 Impact of technology: Propelling real estate into the future by Andrea Zander In 2024 and 2025 The Proptech Connection expects real estate companies will have a significant awakening among real estate firms regarding the impact of technology on their portfolios, upcoming projects, and crucial financial indicators.
Research | Apr 12, 2024 Healthcare industry embraces shift to outpatient care sites by Released Driven by technology, reimbursement challenges and consumer preferences, healthcare continues to shift to outpatient sites, according to JLL. Even the terminology used for medical office is moving toward something more comprehensive: medical outpatient building (MOB).
People | Apr 12, 2024 KETTLER hires industry veteran J.D. Sitton by Released J.D. Sitton has joined KETTLER.
Research | Apr 12, 2024 Menlo Park, Calif., named most expensive streets for office space by JLL by Andrea Zander Sand Hill Road in Menlo Park, Calif., topped the list of the 25 most expensive streets, with average full-service gross asking rents reaching $167.74 per square foot, according to JLL.
Investors | Apr 12, 2024 ANREV opens office in Singapore by Released ANREV has opened an office in Singapore.
Transactions | Apr 12, 2024 L&L Holding completes $911m refinancing of 425 Park Avenue in NYC by Released L&L Holding Co. has finalized a $911 million refinancing for 425 Park Avenue, a new 47-story office tower, located in the Plaza District of Midtown Manhattan.
People | Apr 12, 2024 Temasek opens Paris office, appoints new head of EMEA by Lewis Dayton In the opening of Temasek’s new office in Paris, Temasek chairman Lim Boon Heng remarked that Nagi Hamiyeh has been made the new head of EMEA.
