Transactions | Nov 22, 2023 Clarion Partners JV to build $250m industrial project in Phoenix by Andrea Zander A joint venture between Phoenix-based Creation and Clarion Partners has plans to build a proposed $250 million speculative industrial project, Park Algodon, on more than 87 net acres in West Phoenix, Ariz.
Investors | Nov 22, 2023 Australian super fund invests $650m to green data centers and renewables by Andrea Zander Rest to invest A$1 billion ($650 million) to Quinbrook Infrastructure Partners.
Fundraising | Nov 22, 2023 COIMA launches brown-to-green real estate fund with €500m target by Andrea Zander COIMA SGR has launched COIMA Opportunity Fund III (COF III), with a target of raising €500 million ($547 million) by 2024 to decarbonize real estate across major Italian cities.
Transactions | Nov 22, 2023 Walton Global sells 10-acre parcel in the Phoenix-Tucson corridor by Released Walton Global has completed sale of 10 acres from Sunshine Industrial Park.
Transactions | Nov 22, 2023 Invesco Real Estate acquires 172-apartment asset near Amsterdam as forward deal by Released Invesco Real Estate has acquired a prime 172-apartment residential asset in the Dutch city of Zaandam.
Transactions | Nov 22, 2023 M7 completes €109.1m of sales across the Netherlands by Released M7 Real Estate has sold 30 properties across the Netherlands.
Research | Nov 22, 2023 Surge in European EV demand to benefit CRE landlords and investors by Andrea Zander Germany, France, Sweden, Norway and the UK are most in need of more EV charging points, according to new research from Savills, providing opportunities for real estate landlords and investors.
Transactions | Nov 22, 2023 Burstone Group, Irongate Australia announce first JV acquisition with global real estate group, Phoenix as co-investor by Andrea Zander Burstone Group today announced that its Australian joint venture with the Irongate Group has acquired its first industrial property in New South Wales, Australia, for A$57.25 million ($37.55 million). The Irongate joint venture will provide the 20 percent co-investment equity and the fund management capabilities for the deal.
Research | Nov 22, 2023 Private capital upticks into retail real estate by Andrea Zander Private investors have been increasingly getting in the retail sector.
Research | Nov 22, 2023 New York’s Fifth Avenue retains top ranking as the world’s most expensive retail destination by Andrea Zander New York’s Fifth Avenue retains its top ranking as the world’s most expensive retail destination, despite recording flat rental growth year-over-year.
People | Nov 22, 2023 Sancia Dalley hired as managing director of PGIM’s office of DEI by Released PGIM, the $1.2 trillion global investment management business of Prudential Financial, Inc., has hired Sancia Dalley as a managing director in the PGIM Office of Diversity, Equity & Inclusion (DEI). In this role, Dalley will oversee the DEI Investment Portfolio and HBCU Investment Strategy.
Off-price retailers are outperforming apparel retailers by Andrea Zander T.J. Maxx, Marshalls, Burlington and Ross Dress for Less have been winners for the past few years, boasting consistent year-over-year (y-o-y) foot traffic growth.
Transactions | Nov 21, 2023 Thorofare Capital provides $125.9m senior mortgage loan for Mid-Atlantic medical facility portfolio by Andrea Zander Thorofare Capital has closed $125.9 million in financing for eight class A clinical medical facilities.
Transactions | Nov 21, 2023 Primaris REIT pays $270m for two mall assets by Released Primaris REIT has agreed to acquire Halifax Shopping Center and the Annex in Halifax, Nova Scotia for C$370.0 million ($270 million).
Transactions | Nov 21, 2023 Cottonwood Group lends $240m in senior mortgage financing to the St. Regis, Boston by Released Cottonwood Group has lent $240 million in senior mortgage financing to the St. Regis Residences, a luxury multifamily tower developed by Cronin Development in Boston’s thriving Seaport District.
Transactions | Nov 21, 2023 GARBE acquires GRR Real Estate by Andrea Zander GARBE has plans to acquire GRR Real Estate.
People | Nov 21, 2023 Hongkong Land names new chief executive by Andrea Zander Hongkong Land has named Mapletree Investments executive Michael Smith as its new chief executive effective from April 1, 2024.
Transactions | Nov 21, 2023 $173.5m in financing secured for Rosewood-branded oceanfront condominium development in Sarasota, Fla. by Released The Ronto Group and Wheelock Street Capital have received $173.5 million in construction financing for Rosewood Residences Lido Key.
People | Nov 21, 2023 DWS makes appointments in European real estate team by Released Ulrich Steinmetz has been appointed head of real estate transactions for Europe at DWS.
People | Nov 21, 2023 Global Student Accommodation appoints global head of finance by Released Global Student Accommodation (GSA) has appointed Simon Bray as global head of finance.
