Research | Apr 10, 2023 U.S. jobs increase by 236,000 in March by Loretta Clodfelter Nonfarm U.S. payroll employment increased by 236,000 in March, according to the Bureau of Labor Statistics, and the unemployment rate was 3.5 percent.
Research | Apr 10, 2023 How low can the CRE market go? by Larry Gray In the span of a week, reports from two investment managers highlighted the current market uncertainty — and the variance of potential outcomes — surrounding U.S. commercial real estate.
Research | Apr 10, 2023 AFIRE: Investors globally rank the United States above other countries/regions by Jennifer Molloy Institutional investors continue to view the United States as a preferred destination relative to Europe for real estate investment across property types, led by multifamily and industrial, according to the AFIRE International Investor Survey: Q1 2023 Pulse Report.
Research | Apr 10, 2023 Green Street: Property prices down 15% from last year by Kali Persall The Green Street Commercial Property Price Index, a time series of unleveraged U.S. commercial property values that captures the prices at which commercial real estate transactions now are being negotiated and contracted, decreased by 0.2 percent in March.
People | Apr 10, 2023 Ed O’Farrell joins Institutional Real Estate, Inc. as managing director, Real Assets Adviser by Released Institutional Real Estate, Inc. (IREI) announced today that Ed O’Farrell has joined IREI as managing director of Real Assets Adviser magazine.
Investors | Apr 7, 2023 Brookfield and Cbus Property to develop premium office tower in Perth, Australia by Kali Persall Brookfield and Cbus Property have joined forces to develop a A$500 million ($334 million) high-quality, mixed-use office building in Perth, Australia, according to multiple reports.
Research | Apr 7, 2023 REITs fall 2.5% in March by Loretta Clodfelter U.S. REITs fell 2.5 percent in March, according to the FTSE Nareit Equity REITs Index, significantly underperforming the broader equities market amid concerns about rising interest rates and an unsettled banking sector.
Investors | Apr 7, 2023 W.P. Carey snaps up $468m of industrial campuses in Canada by Kali Persall W.P. Carey, a diversified net-lease REIT, has announced $468 million of industrial portfolio investments in Canada.
Investors | Apr 7, 2023 Texas TRS latest to join Pennybacker VI investor lineup by Kali Persall The Teacher Retirement System (TRS) of Texas has become the latest Texas pension fund to invest in Pennybacker VI, an opportunistic real estate fund managed by Pennybacker Capital.
Fundraising | Apr 7, 2023 Stockdale launches open-ended healthcare fund, makes seed acquisition by Kali Persall Stockdale Capital Partners, a Los Angeles-based, vertically integrated real estate investment firm, has launched a new open-ended healthcare fund and acquired its seed investment.
Investors | Apr 7, 2023 Arkansas Teacher Retirement System weighs $50m commitment to Lone Star Real Estate Fund VII by Kali Persall The Arkansas Teacher Retirement System (ATRS) is considering a follow-on investment of $50 million in Lone Star Real Estate Fund VII, according to a recent investment document.
Investors | Apr 7, 2023 Investment diversification in turbulent times by Jennifer Molloy As bank lending tightens on the heels of numerous interest rate hikes and recent U.S. and Swiss regional bank collapses, refinancing could become a greater issue for real estate investors globally.
Transactions | Apr 7, 2023 Terreno Realty Corp. acquires property in Newark, Calif., for $186m by Released Terreno Realty Corp. acquires property in Newark, Calif., for $186 million.
Investors | Apr 7, 2023 HOMMA Group forms partnership with Diamond Realty Investments by Released HOMMA Group has formed a partnership with Mitsubishi Corporation's real estate investment subsidiary, Diamond Realty Investments.
Research | Apr 7, 2023 Sales prices and asking rents for Tokyo apartments reach historic highs by Jennifer Molloy The average asking sales price for a 70-square-meter (754-square-foot) apartment in Tokyo’s 23 wards (23W) reached a record ¥69.77 million (US$530,057) in February, surpassing the previously recorded high from October 2022, according to data firm Tokyo Kantei, as reported by Japan Property Central.
Transactions | Apr 6, 2023 Helical selected for office JV in London by Kali Persall Helical has been selected by Transport for London’s (TfL) wholly owned commercial property company, TTL Properties, as the preferred investment partner for its commercial office portfolio joint venture.
Transactions | Apr 6, 2023 Elanor Investors Group to acquire Challenger’s Australian real estate funds management business by Released Elanor Investors Group has agreed to acquire 100 percent of Challenger’s A$3.4 billion ($2.3 billion) Australian real estate funds management business (CRE) for a maximum consideration of A$41.8 million ($28 million), and establish a broader strategic partnership between Elanor and Challenger.
Investors | Apr 6, 2023 Landsec moves forward with O2 Centre Masterplan in London by Kali Persall Landsec has received planning permission from Camden Council’s planning committee for its O2 Centre Masterplan, representing the largest planning application in Camden since Kings Cross.
Transactions | Apr 6, 2023 Savills Investment Management sells prime logistics property in Germany by Kali Persall Savills Investment Management has sold a prime logistics property in Germany to Ofi Invest Real Estate, the real estate arm of Ofi Invest, the fifth-largest French asset management group. Financial terms were not disclosed.
Transactions | Apr 6, 2023 KGAL Investment Management acquires sustainable office building in Brussels by Kali Persall KGAL Investment Management has acquired the sustainable Treesquare office building in Brussels from Nextensa, a mixed real estate investor and developer.
