Transactions | May 25, 2023 ShopOne, Pantheon and institutional investor snap up Heritage Park Plaza in Massachusetts by Kali Persall ShopOne Centers REIT, a fully integrated U.S. grocery-anchored shopping center investment, management and operating platform, has acquired the 117,337-square-foot Heritage Park Plaza in Massachusetts in a joint venture along with Pantheon and a global institutional investor.
Investors | May 25, 2023 Ohio Police & Fire Pension Fund logs overall positive return through Q1 2023 by Kali Persall The $17.1 billion Ohio Police & Fire Pension Fund (OP&F) has recorded a 3.5 percent return on the entire portfolio through first quarter 2023, according to notes from the investment committee meetings on May 24.
Transactions | May 25, 2023 Tishman Speyer, Frasers Hospitality JV acquires premium rental apartment asset in China by Released Tishman Speyer has formed a joint venture with Frasers Hospitality, a strategic business unit of Frasers Property, to acquire the rental apartment portion of Shennan 1001, located in Shenzhen, China.
People | May 25, 2023 Simon Ellis promoted to co-fund manager of M&G European Property Fund by Released M&G has promoted Simon Ellis to co-fund manager of its M&G European Property Fund, alongside fund manager David Jackson.
Transactions | May 25, 2023 HC Government Realty Trust acquires community-based outpatient clinic in Washington state by Kali Persall HC Government Realty Trust (HCGRT) has acquired a 25,500-square-foot community-based outpatient clinic in Everett, Wash., for an undisclosed amount.
Investors | May 25, 2023 Talonvest Capital closes $142m loan for self-storage portfolio spanning 6 states by Kali Persall Talonvest Capital, a boutique self-storage and commercial real estate advisory firm, has closed a $142 million loan for a 13-asset self-storage portfolio, spanning Arizona, California, Colorado, New Jersey, New York and Washington state.
Research | May 25, 2023 Alternative asset funds win vote of confidence with fund managers by Kali Persall Alternative fund managers are confident about launching funds and raising capital throughout the next 18 months, according to new research from Ocorian, a specialist provider of alternative fund services.
Investors | May 25, 2023 SJP Properties’ $731m New Jersey life science campus moves forward by Denise Moose SJP Properties has announced plans for the second and third phases of the HELIX Health + Life Science Exchange, a $731 million life sciences development in New Brunswick, N.J., according to multiple media outlets.
Research | May 25, 2023 The AI talent pool in Asia Pacific by Jennifer Molloy How do you measure the strength of the AI talent pool in the diverse Asia Pacific market? CBRE has done so across three pillars.
Investors | May 24, 2023 South Korea investment outlook 2023 by Jennifer Molloy As global financial markets continue to reel from rising interest rates, how well have South Korea’s economy and real estate market been performing relative to other nations?
Transactions | May 24, 2023 DivcoWest snaps up life science property in San Diego’s Torrey Pines research cluster by Kali Persall DivcoWest has expanded its San Diego portfolio with a life science acquisition in the heart of the Torrey Pines research cluster.
Transactions | May 24, 2023 Manulife U.S. REIT signs letter of intent to sell Phipps Tower to sponsor by Kali Persall Manulife U.S. REIT has signed a letter of intent with its sponsor, The Manufacturers Life Insurance Company, for the proposed sale of Phipps Tower, a 20-story class-A office building in Atlanta.
Transactions | May 24, 2023 HIH Invest Real Estate acquires four-story core office property in club deal by Kali Persall HIH Invest Real Estate has acquired a core office property in the Bavarian city of Regensburg in a club deal on behalf of German institutional investors.
Investors | May 24, 2023 Lærernes Pension joins Slättö’s investor lineup by Kali Persall Danish pension fund Lærernes Pension has committed SEK 600 million ($57 million) to a fund managed by Nordic real estate investor Slättö.
People | May 24, 2023 Tishman Speyer brings on Jerry Hyunjae Park as senior director of acquisitions in South Korea by Released Real estate investment professional Jerry Hyunjae Park is joining Tishman Speyer’s recently established office in Seoul, South Korea, in mid-June.
People | May 24, 2023 Intercontinental Real Estate promotes two to senior managing director by Kali Persall Intercontinental Real Estate Corp., a national real estate investment, development and management firm and an SEC-registered investment adviser, has promoted Bart Weinstein and Matt Harrington to senior managing directors — co-heads of institutional services.
Investors | May 24, 2023 Azora announces decarbonization pilot program for its seven-hotel portfolio by Kali Persall Azora has announced a €2.5 million ($2.7 million) investment into a pilot program aimed at decarbonizing the seven-hotel portfolio acquired by Azora’s European Hotel & Leisure fund from Med Playa in 2019.
Transactions | May 24, 2023 JR Capital, Chancerygate's urban logistics fund acquires Compton Industrial Estate by Kali Persall A £150 million ($187 million) urban logistics investment fund managed by JR Capital and Chancerygate has acquired Compton Industrial Estate in Eastbourne, England.
Other | May 24, 2023 Mandarin Oriental, Athens to be developed in Greece by Kali Persall Plans have been unveiled for the Mandarin Oriental, Athens, a new hotel and luxury-branded residences to be developed on the coastal front of The Ellinikon, establishing its presence in the Greek capital.
Research | May 24, 2023 Asia Pacific cap rates and investment activity to increase in H2 2023 by Jennifer Molloy While Asia Pacific cap rates are expected to continue rising in second half 2023, investment activity should pick up while cap rate adjustments help close the price gap between buyers and sellers, reports CBRE.
