Investors | Jan 5, 2024 Kern County commits $75m to Blue Owl Real Estate Fund VI by Lewis Dayton The Kern County (Calif.) Employees’ Retirement Association (KCERA) has committed $75 million to Blue Owl Real Estate Fund VI (also referred to as Oak Street Real Estate Capital Fund VI).
Research | Jan 5, 2024 Gauging firms and managers’ smart building-tech budgets, priorities and preferences by Lewis Dayton A recent report from Verdantix surveyed 300 real estate and facility-management executives in North America, Asia Pacific (APAC) and Europe, the Middle East and Africa (EMEA), from July to September 2023, offering a comprehensive outlook on smart building-technology budgets, priorities and preferences as companies head into 2024.
Transactions | Jan 5, 2024 Affiliate of The Inland Real Estate Group finances senior housing portfolio in Minneapolis by Denise Moose An affiliate of The Inland Real Estate Group of Companies announced it received acquisition financing of three independent, assisted living and memory-care communities in the greater Minneapolis-St. Paul MSA.
Research | Jan 4, 2024 U.S. industrial vacancy surpasses 5% on robust speculative deliveries by Andrea Zander With demand muted and speculative construction completions persisting at a healthy rate, the industrial vacancy rate ticked higher by 60 basis points to 5.2 percent, according to Cushman & Wakefield’s fourth quarter 2023 industrial report.
Transactions | Jan 4, 2024 Independence Realty Trust sells four properties for $200m by Andrea Zander Independence Realty Trust, as part of the company’s portfolio optimization and deleveraging strategy, has sold four properties for $200.7 million.
Transactions | Jan 4, 2024 Institutional investors are ‘crucial to U.K. residential property building targets’ by Andrea Zander Institutional investors are increasingly recognizing their crucial role in meeting residential property building targets in the United Kingdom and plan to boost funding levels, according to new research by Downing.
Transactions | Jan 4, 2024 Landmark Properties acquires 15-acre site near University of Colorado Boulder by Released Landmark Properties has acquired a 15-acre site at 1345 28th Street near the University of Colorado Boulder (CU Boulder) in Boulder, Colo.
Research | Jan 4, 2024 New report quantifies the critical relationship between labor and U.S. manufacturing growth by Andrea Zander Rapid expansion in North America’s advanced manufacturing sector promises to deliver significant economic impact to newly selected sites and their surrounding regions through added jobs, infrastructure improvements and substantial capital investments, according to a new report from Newmark.
Research | Jan 4, 2024 Korean real estate reaches $8.4b for three quarters by Andrea Zander The South Korean commercial real estate market saw its transaction value during the first three quarters of 2023 reach 10.9 trillion won ($8.4 billion).
Transactions | Jan 4, 2024 Regents of the University of California buy two L.A. office assets for $700m by Andrea Zander Hudson Pacific Properties and Macerich announced the sale of One Westside and Westside Two in Los Angeles to the Regents of the University of California for $700 million before prorations and closing costs.
People | Jan 4, 2024 Sabra Health Care REIT appoints Jessica Flores as chief accounting officer by Released Jessica Flores has been appointed executive vice president and chief accounting officer at Sabra Health Care REIT.
Research | Jan 4, 2024 RCLCO reveals top-selling master-planned communities of 2023 by Released Real estate consulting firm RCLCO has released the results of their semi-annual survey of the top-selling master-planned communities (MPCs) of 2023.
SPONSORED: MetLife Investment Management – Real estate debt delivers highest yields in decades by Jennifer Babcock What can investors expect from real estate debt in the year to come?
SPONSORED: LaSalle Investment Management – 2024 outlook for Americas real estate investment markets by Jennifer Babcock A number of 2023’s challenges are carrying over to 2024, such as high interest rates and slower economic growth, but some of the niche and emerging sectors could be bright spots in the year ahead.
SPONSORED: CapRock Partners – What’s ahead for the industrial sector by Jennifer Babcock Tenant demand for industrial will likely remain steady through the year, but will be down from prior peak years.
SPONSORED: Crow Holdings – ‘Core’ real estate shifting away from traditional office, retail to include formerly niche strategies by Jennifer Babcock Today’s core investors are seeking the same reliable performance from formerly niche sectors or subsectors.
Transactions | Jan 3, 2024 Cofinimmo completes €60m Belgian office sales by Andrea Zander The Cofinimmo Group has completed the divestment of six office buildings in Belgium for €60 million ($65 million).
Transactions | Jan 3, 2024 GARBE completes GRR Real Estate acquisition by Released GARBE Institutional Capital has completed the acquisition of GRR Real Estate Management GmbH.
Research | Jan 3, 2024 2023 demonstrated stability and resilience, with prospects for an improved 2024 in Japan by Andrea Zander Japan’s real estate markets, with their liquidity and depth will likely continue the current stable growth trajectory for the time being, and several bright spots will emerge as opportunities for investment in the future, said Savills.
Transactions | Jan 3, 2024 Wanda sells Shanghai hotel for more than $200m by Andrea Zander Dalian Wanda Group has sold its Wanda Reign on the Bund hotel in Shanghai.
