Fundraising | Apr 8, 2024 Fidelity International raises €200m with second real estate climate impact fund by Andrea Zander Fidelity International has launched its second real estate climate impact fund.
Research | Apr 8, 2024 Asia Pacific home to half of the world’s top 10 most innovative cities: JLL by Released Asia Pacific is home to half of the top 10–performing cities in the world for innovation and talent, including Beijing (second), Tokyo (fourth), Seoul (sixth), Singapore (seventh) and Shanghai (ninth), according to JLL analysis.
Transactions | Apr 8, 2024 Rockpoint, Highgate sell Scottsdale Plaza Resort and Villas by Andrea Zander Rockpoint and Highgate has sold Scottsdale Plaza Resort and Villas, a historic hotel in the heart of Paradise Valley, Ariz.
Research | Apr 8, 2024 New life science market report highlights record-high CRE delivery by Andrea Zander A record 3.1 million square feet of purpose-built laboratory product was delivered in the top three markets — Boston, San Diego and the Bay Area — during the fourth quarter 2023.
Research | Apr 8, 2024 Senior housing occupancy increases for 11th consecutive quarter by Released The senior housing occupancy rate for the 31 NIC MAP Primary Markets increased 0.5 percentage points, from 85.1 percent in the fourth quarter of 2023 to 85.6 percent in the first quarter of 2024, according to data released by NIC MAP Vision and analyzed by the National Investment Center for Seniors Housing & Care (NIC).
Transactions | Apr 8, 2024 Tricon Residential receives final court approval for take private by Blackstone Real Estate by Released Tricon Residential has received approval.
Transactions | Apr 8, 2024 Hines Global Income Trust grows Dutch logistics portfolio by Lewis Dayton Hines has acquired a 20,000-square-meter (215,278-square-foot) retail warehouse, located next to its existing investment, Fresh Park Venlo located in Venlo, Netherlands, on behalf of the Hines Global Income Trust (HGIT).
Research | Apr 8, 2024 99 Cents Only Store faces closure as another expands: Is the discount store category winding down or booming? by Andrea Zander Number Holdings, the direct parent company of 99 Cents Only Stores, one of the nation’s major dollar store chains, has filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware to implement the previously announced orderly wind-down of its business and pursue a value-maximizing sale of its real estate and other assets.
Other | Apr 8, 2024 U.S. economy adds 303,000 jobs in March by Lewis Dayton The total nonfarm payroll employment in the United States increased by 303,000 in March, surpassing many estimates, while the unemployment rate dropped slightly from 3.9 percent in February to 3.8 percent in March.
Investors | Apr 8, 2024 Texas Teachers commits $75m to Inceptiv Management fund by Lewis Dayton The Teacher Retirement System of Texas has committed $75 million to Inceptiv RED 2, an opportunistic real estate fund managed by Inceptiv Management that is focused on making investments within the United States.
People | Apr 5, 2024 Missouri Employees Retirement hires Scott Day as next CIO by Released The Missouri Local Government Employees Retirement System (LAGERS) has announced it selected Scott Day as the pension fund’s next chief investment officer. Day will assume the role effective May 1, 2024.
Other | Apr 5, 2024 New Jersey Police & Firemen finalize transfer of assets from NJ DOI by Lewis Dayton The Police and Firemen's Retirement System of New Jersey (PFRSNJ) has announced it has finalized the transfer of assets from the New Jersey Division of Investment, the last step in the process to become an independently managed public pension system.
Transactions | Apr 5, 2024 Trinity announces first Europe deal by Released A joint partnership among Trinity Investments, funds managed by Oaktree Capital Management, and funds managed by UBS Asset Management’s Real Estate & Private Markets Multi-Managers business (UBS AM REPM MM) has acquired Park Hyatt Zurich, a 138-key luxury hotel with ancillary office and parking elements.
Transactions | Apr 5, 2024 Inland acquires student housing property at the University of Arizona in Tucson by Released Inland Real Estate Acquisitions has purchased a 484-bed student housing property in Tucson, Ariz.
Transactions | Apr 5, 2024 City Developments, MItsui Fudosan make $816m bid for Singapore-based site by Andrea Zander A joint venture between City Developments Ltd and Japan’s MItsui Fudosan has bid for a site in Singapore’s District 10, along Zion Road, according to media outlets.
Transactions | Apr 5, 2024 A&E Real Estate unveils new mortgage lending arm by Released A&E Real Estate has formed A&E Real Estate Finance.
Transactions | Apr 5, 2024 Camber Dev., Dacon Corp. break ground on 238,000sf fully electric industrial distribution facility by Denise Moose Camber Development and Dacon Corporation celebrated the groundbreaking of a 238,000-square-foot industrial warehouse and distribution facility at 800 Salem St. in Wilmington, Mass.
Investors | Apr 4, 2024 Bain Capital, 11North Partners form open-air retail centers JV by Andrea Zander Bain Capital Real Estate and 11North Partners, a retail-focused investment platform, have formed a joint venture to acquire and operate open-air retail centers throughout the United States and Canada.
Investors | Apr 4, 2024 Värde Partners, David Weekley Homes announce land banking joint venture by Andrea Zander Värde Partners has formed a joint venture with David Weekley Homes to invest in land bank residential communities.
Transactions | Apr 4, 2024 Clarion Partners Europe acquires logistics asset in Sury-le-Comtal, France by Released Clarion Partners Europe has acquired a logistics asset in Sury-le-Comtal, France.
