Transactions | Mar 24, 2023 CIM Group plans mixed-use residential, retail development in Los Angeles by Released CIM Group has acquired an approximately 1.3-acre property at 3045 Crenshaw Blvd.
Research | Mar 24, 2023 CBRE’s office Leasing Activity Index fell in 10 of the top 11 U.S. markets by Andrea Zander Los Angeles and Philadelphia had the greatest degree of office market recovery in February based on a composite index of leasing activity, tenants in the market and sublease space availability.
Investors | Mar 24, 2023 Korea’s NPS records annual total return of –8.2% in 2022 by Kali Persall The National Pension Service Investment Management, a dedicated fund management arm of South Korea’s National Pension Service (NPS), recorded a return of –8.22 percent for the fiscal year ending Dec. 31, 2022.
Investors | Mar 23, 2023 AEW Partners Real Estate X obtains $50m commitment from Mississippi pension fund by Kali Persall The Public Employees' Retirement System (PERS) of Mississippi has made a $50 million equity commitment to AEW Capital Management’s AEW Partners Real Estate X fund.
Investors | Mar 23, 2023 Michigan Retirement System places $300m in Lone Star Fund XII by Kali Persall The State of Michigan Retirement System has backed Lone Star Fund XII.
Transactions | Mar 23, 2023 M7 Real Estate, Blackstone buy four last-mile logistics properties in Portugal by Released M7 Real Estate has acquired four last-mile logistics properties in Portugal.
Investors | Mar 23, 2023 CalSTRS pours $700m into two funds managed by PCCP by Kali Persall The $306 billion California State Teachers’ Retirement System (CalSTRS) has made $700 million of commitments to two investment vehicles structured as REITs.
Research | Mar 23, 2023 Consumers’ store-based spending reaches record mark by Andrea Zander Total retail sales dropped 0.4 percent in February. However, store-based spending reached a record mark.
Research | Mar 23, 2023 Fed raises rates by 25 basis points amid turmoil in banking sector by Loretta Clodfelter The Federal Open Market Committee has increased the target federal funds rate by 25 basis points to a range of 4.75 percent to 5.0 percent, as part of its efforts to curb inflation, which remains above the long-term target.
Investors | Mar 23, 2023 Why value-added plays make sense in today’s investment environment by Jennifer Molloy A virtual roundtable with institutional investors, consultants and investment managers was held by Institutional Real Estate, Inc. about increased investor interest in value-added investment strategies in the current economic climate.
People | Mar 23, 2023 CapitaLand Group announces top leadership succession at CapitaLand Development by Released CapitaLand Group announced that Jason Leow, CEO of CapitaLand Development (CLD), the group’s private real estate development arm, will retire.
Research | Mar 23, 2023 Strong investor and occupier demand drives growth of life sciences hubs in Asia Pacific by Released Life sciences hubs have been established in Shanghai, Beijing, Tokyo, Singapore, and Melbourne.
Transactions | Mar 23, 2023 BKM Capital Partners acquires 740,000sf small-bay light industrial portfolio by Released BKM Capital Partners has executed a significant small-bay industrial portfolio acquisition.
Investors | Mar 22, 2023 SamCERA places $30m in Stockbridge Value Fund V by Kali Persall The San Mateo County (Calif.) Employees Retirement Association (SamCERA) has reupped in Stockbridge Value Fund V with a new $30 million commitment.
Transactions | Mar 22, 2023 Aggregate sells Portuguese residential developer VIC Properties for €670m by Andrea Zander Aggregate Holdings has sold VIC Properties.
HIH Invest Real Estate acquires light-industrial property near Leipzig/Halle Airport in Germany by Kali Persall HIH Invest Real Estate has acquired a light-industrial property in Germany.
Investors | Mar 22, 2023 Los Angeles Department of Water and Power targets $500m of new real estate investments in 2023 by Kali Persall The Los Angeles Department of Water and Power (LADWP) Employees’ Retirement Plan is planning to invest up to $500 million in new real estate strategies in 2023, at the recommendation of StepStone Real Estate.
Transactions | Mar 22, 2023 CDL enters Brisbane’s hospitality sector by Released City Developments has entered Brisbane’s hospitality sector, purchasing Sofitel Brisbane Central.
Research | Mar 22, 2023 Global investors preparing for new market regime by Andrea Zander Major institutional investors around the world are taking concerted action to better position their portfolios for the future.
Investors | Mar 22, 2023 Hines creates new global business unit integrating ESG and venture investing by Released Hines has announced the formation of a new global business unit designed to address the disruptive changes in the built environment called EXP by Hines
