Transactions | Dec 11, 2023 Macy's receives $5.8b buyout offer by Andrea Zander An investor group consisting of Arkhouse Management, a real-estate focused investing firm, and Brigade Capital Management, a global asset manager, has made a $5.8 billion offer to take department store chain Macy's private.
Research | Dec 11, 2023 Barings: U.S. real estate equity today… & tomorrow by Andrea Zander Joe Gorin, head of U.S. real estate equity at Barings, discusses the challenges facing commercial real estate markets due to rising interest rates and shifts in tenant behavior toward hybrid and remote work, in a recent podcast hosted by Greg Campion, managing director in Barings' marketing group.
Real Estate | Dec 11, 2023 Hines Securities completes $152m DST Offering by Released Hines Securities has completed a $152 million offering of interests in HGIT 200 Park Place DST, a Delaware Statutory Trust (DST).
Investors | Dec 11, 2023 Contra Costa makes $245m of commitments, posts 5.5 percent fiscal year return by Lewis Dayton The Contra Costa County (Calif.) Employees’ Retirement Association (CCCERA) has committed $125 million to EQT Infrastructure Fund (EQTIF) VI, $60 million to KSL Capital Partners Fund (KSLCPF) VI and $60 million to Ares US Real Estate Opportunity Fund (AUSREOF) IV.
Research | Dec 8, 2023 199,000 jobs added to the U.S. economy in November by Lewis Dayton Total nonfarm payroll employment in the United States increased by 199,000, roughly in line with consensus estimates, as the unemployment rate dropped from 3.9 percent to 3.7 percent.
Research | Dec 8, 2023 Sale leaseback transactions in third quarter totals $3.4b by Andrea Zander There were 157 sale leaseback transactions in the third quarter of 2023 totaling $3.4 billion, down roughly 34 percent versus the previous quarter, according to SLB Capital Advisers.
Research | Dec 8, 2023 Study of NY and London real estate finds strong evidence for ‘green premium’ by Andrea Zander UBS research finds clear evidence of a green premium in the two largest office building markets, New York and London, driven by tenant requirement and legislation, the firm reports in a recent report.
Transactions | Dec 8, 2023 Digital Realty, Blackstone announce $7b hyperscale data center development JV by Andrea Zander Blackstone-affiliated funds led by Infrastructure, Real Estate and Tactical Opportunities have agreed to establish a joint venture with Digital Realty to develop four hyperscale data center campuses across three metro areas on two continents.
Investors | Dec 8, 2023 KKR to open office in Zurich by Released KKR has plans to open an office in Zurich.
Fundraising | Dec 8, 2023 Swiss Life Fund holds first close for ESG Global Infrastructure Opportunities Growth II by Released Swiss Life Asset Managers has completed a first close for its second value-add infrastructure fund.
Transactions | Dec 8, 2023 Hines acquires logistics warehouse from Dexus Industria REIT by Released Hines has acquired two logistics warehouses from Dexus Industria REIT, a listed Australian REIT.
People | Dec 8, 2023 Lisa Laird joins Mercy Investment Services as CIO by Released Lisa Laird will join Mercy Investment Services as CIO.
Transactions | Dec 8, 2023 Naftali Group closes on $236m construction loan for NYC Project by Released Naftali Group has closed on a construction loan for its forthcoming 255 E. 77th St. project on Manhattan’s Upper East Side.
Research | Dec 8, 2023 Origin Investments predicts emerging opportunities in multifamily in 2024 by Released Origin Investments, a multifamily real estate fund manager, has released its top 10 predictions for 2024.
Investors | Dec 8, 2023 Ohio Police & Fire commits $100m to Blackstone Property Partners by Lewis Dayton The Ohio Police & Fire Pension Fund has committed $100 million to Blackstone Property Partners.
Fundraising | Dec 8, 2023 Mastern APAC and STS Development launch senior housing fund by Lewis Dayton Mastern APAC, a subsidiary of Korea-based Mastern Investment Management, has launched a senior housing development fund with STS Development.
Research | Dec 8, 2023 The value of off-site manufacturing by Lewis Dayton Off-site manufacturing increasingly is becoming more cost-effective, safe and environmentally friendly as a construction option. That is one of the takeaways from a new report from Moddex, an Australian manufacturer of barrier systems for large-scale infrastructure and non-residential construction projects.
Investors | Dec 7, 2023 Quilvest Capital Partners and Axis IOS launch $500m JV for IOS strategy, complete first acquisition by Released Quilvest Capital Partners and Axis IOS have launched a joint venture.
People | Dec 7, 2023 Chad Tredway rejoins J.P. Morgan as head of real estate Americas, J.P. Morgan Asset Management by Released Chad Tredway has rejoined J.P. Morgan as the incoming head of real estate Americas, J.P. Morgan Asset Management.
People | Dec 7, 2023 Michael Beattie to retire by Released Michael Beattie has plans to retire as Grosvenor CIO at the end of 2023.
