CRE loan selloffs will occur, but will not be drastic, says Citymark’s Daniel Walsh by Lewis Dayton The coming months will see refinancing stress in the loan market, but not to an overwhelming degree, according to Daniel Walsh, CEO of Citymark Capital, an Ohio-based apartment investor.
Investors | Aug 30, 2023 Growing interest in real estate among Asian family offices by Reno Sio Institutional Real Estate, Inc. held an inaugural Asia Pacific private wealth real estate symposium Aug. 2 in Singapore in partnership with Raffles Family Office, which invests on behalf of family offices in the Asia Pacific region, with a focus on family offices based in greater China and Southeast Asia.
Transactions | Aug 30, 2023 Morgan Stanley, Prakhhyat Group to develop warehouse in Mumbai by Andrea Zander Prakhhyat Group has partnered with a fund managed by Morgan Stanley Real Estate Investing.
Transactions | Aug 30, 2023 Sovereign wealth fund to pay $623m for Manhattan hotel by Andrea Zander The $450 billion Qatar Investment Authority (QIA), a sovereign wealth fund, has purchased Manhattan’s Park Lane Hotel for an estimated price of $623 million.
Transactions | Aug 30, 2023 Gaming and Leisure Properties acquires land under the Hard Rock Casino for $100m by Released Gaming and Leisure Properties (GLPI) has acquired the land associated with the Hard Rock Casino development project in Rockford, Ill.
Transactions | Aug 30, 2023 Oxford Capital Group invests in downtown San Francisco, debuting four new rebranded hotels by Released Oxford Capital Group has announced the debut of four rebranded hotels.
Fundraising | Aug 30, 2023 Marquee Capital completes Fund II first close by Released Marquee Capital has exceeded their fund launch goal of $30 million.
Transactions | Aug 30, 2023 Vornado, HPP, Blackstone, NYC form PPP venture by Andrea Zander Vornado Realty Trust, Hudson Pacific Properties (HPP), Blackstone, the City of New York, and New York City Economic Development Corporation (NYCEDC) have entered into Manhattan’s first public-private partnership venture to build a purpose-built studio campus at Pier 94.
Transactions | Aug 30, 2023 GLP converts food processing facility into logistics complex by Released GLP Pte has completed the redevelopment of GLP Park Dongguan Xinsha.
People | Aug 30, 2023 Savills appoints CEO for Central and Eastern Europe by Released Savills has appointed Stuart Jordan as CEO of Central and Eastern Europe.
Transactions | Aug 30, 2023 SYLA Technologies announces sale of condominium development site in Shimo-Meguro, Tokyo by Released SYLA Co. has sold a condominium development site in Shimo-Meguro 3-chome, located in Meguro-ku, Tokyo, Japan.
Investors | Aug 29, 2023 Prologis commits $500m to U.S., E.U. funds by Released Prologis has announced an additional commitment of $500 million to two funds: €250 million ($271 million) in Prologis European Logistics Fund (PELF) and $250 million in Prologis U.S. Logistics Fund (USLF).
Transactions | Aug 29, 2023 Dakota Pacific and Landmark Cos. JV sells Minnesota multi-housing community for $74.7m by Denise Moose Dakota Pacific Real Estate and Landmark Companies announced that it has closed the $74.7 million sale of Millennium Edina, a 227-unit midrise multi-housing community located within suburban Minneapolis in Edina, Minn.
Investors | Aug 29, 2023 JLL appointed as global real estate facilities manager by Rolls-Royce by Released JLL has been appointed by Rolls-Royce as global real estate facilities manager.
Investors | Aug 29, 2023 Santa Barbara County allocates $30m to three real estate funds by Lewis Dayton The $4.1 billion Santa Barbara County (Calif.) Employees’ Retirement System (SBCERS) is committing $10 million each to US Industrial Club VI, HIG Europe Realty Partners III and High Street Value Fund I.
Transactions | Aug 29, 2023 Trammell Crow Residential to develop luxury multifamily community in Boston by Released Trammell Crow Residential (TCR) has closed on its construction loan to commence building its latest Alexan community, a 210-unit luxury multifamily residence in Waltham, Mass.
Transactions | Aug 29, 2023 Westcore acquires 3.5msf California industrial portfolio by Released Westcore acquired the 3.5 million-square-foot Odyssey Portfolio.
Transactions | Aug 29, 2023 Orchard Street’s Impact Fund makes first acquisition with Southeast London industrial estate by Released Orchard Street Investment Management has completed the first acquisition on behalf of its £400 million (€466 million/$503 million) inaugural Impact Fund.
People | Aug 29, 2023 CBRE Investment Management appoints Sheila Hicks as senior portfolio manager for Dutch funds by Released CBRE Investment Management (CBRE IM) has appointed Sheila Hicks as senior portfolio manager for its Dutch funds’ platform.
Investors | Aug 29, 2023 Montana BOI commits $50m to Oak Street by Lewis Dayton Montana Board of Investments has made a commitment of $50 million to Oak Street Real Estate Capital Fund VI.
