Investors | Dec 7, 2023 Louisiana Teachers commits $275m to real estate funds by Lewis Dayton The Teachers’ Retirement System of Louisiana (TRSL) has committed $150 million to Brookfield Strategic Real Estate Partners (BSREP) V, $75 million to Bain Capital Real Estate Fund (BCREF) III and $50 million to Cabot Industrial Value Fund (CIVF) VII.
Transactions | Dec 7, 2023 Mitiska REIM sells 25 Romanian retail parks to LCP for €219m by Andrea Zander Mitiska REIM has completed the sale of 25 retail parks in Romania to LCP Group for €219 million ($236 million).
Investors | Dec 7, 2023 Q&A: National Real Estate Advisors CEO discusses data centers and core investment by Andrea Zander Jeff Kanne, president and CEO of National Real Estate Advisors, an investment manager developing, operating and managing commercial real estate projects across the United States, partook in a Q&A to discuss data center sector dynamics, the challenges and considerations in data centers, the geographic importance in data center investments and current and future trends.
Research | Dec 7, 2023 PGIM Real Estate forecasts the next year for North America’s real estate markets by Lewis Dayton In the face of falling property values, property incomes have generally remained resilient in the U.S. real estate sector. In its recent 2024 Americas real estate outlook report, PGIM Real Estate says it expects property values to broadly continue their decline by another 10 percent and that rent growth will decelerate, though will stay positive.
Research | Dec 7, 2023 Medtech and biomanufacturing fuel life sciences growth by Released The medtech and biomanufacturing sectors are driving new growth in the life sciences industry.
Investors | Dec 7, 2023 Marcus & Millichap enters strategic partnership with EquityMultiple by Released Marcus & Millichap (MMI) has made an equity investment in EquityMultiple.
Research | Dec 7, 2023 Private capital is projected to drive the Asia Pacific commercial real estate market in 2024 by Released Private capital is expected to remain a driving force in the Asia Pacific commercial real estate market, according to Knight Frank.
People | Dec 7, 2023 Kenneth Fridley named COO of Alyssa Partners by Jennifer Molloy Kenneth Fridley joined Alyssa Partners in Tokyo.
Investors | Dec 7, 2023 San Bernardino County posts fiscal year return of 5 percent by Lewis Dayton The San Bernardino County (Calif.) Employees’ Retirement Association (SBCERA) generated a 5 percent return for the fiscal year that ended on June 30, 2023, underperforming its benchmark of 7.2 percent.
Investors | Dec 6, 2023 New GI Partners venture to focus on medical outpatient buildings by Andrea Zander GI Partners has formed a venture focused on investments in medical outpatient buildings.
Research | Dec 6, 2023 U.S. REITs bounces back in November by Loretta Clodfelter U.S. REITs bounced back dramatically in November.
Transactions | Dec 6, 2023 CapitaLand China Trust divests CapitaMall Shuangjing by Released CapitaLand China Trust Management has sold CapitaMall Shuangjing.
Transactions | Dec 6, 2023 DataBank snaps up 85 acres in Virginia to build Culpeper data center campus by Kali Persall DataBank has purchased 85 acres of land in Culpeper, Va., which will house the new Culpeper Campus, hosting up to three two-story data centers.
Investors | Dec 6, 2023 Fountain Residential Partners secures commitment in co-GP equity from FrontRange Capital by Released JLL Capital Markets has arranged a commitment in programmatic co-GP equity for Fountain Residential Partners.
Research | Dec 6, 2023 Retail prime corridors thrive as consumer spending soars and tourism returns by Released Consumer spending growth and the return of international and domestic tourism have driven prime urban retail demand, with foot traffic recovering to pre-pandemic levels in half of the prime corridors surveyed.
Transactions | Dec 6, 2023 Manulife Investment Management announces $1.2b industrial recapitalization by Released Manulife Investment Management has announced a $1.2 billion partnership with Scannell Properties and StepStone Real Estate.
Transactions | Dec 6, 2023 UPDATED: Passco Cos. buys apartment community in St. Louis by Released Passco Cos. has completed the acquisition of Cortona at Forest Park.
Transactions | Dec 6, 2023 Basis Industrial acquires four assets and refinances two for 1.3msf portfolio in $220m transaction by Released Basis Industrial closed on/purchased four commercial properties in Florida and Texas, as well as refinanced two of its current commercial properties in Florida.
Transactions | Dec 6, 2023 Hines and Key Group announce 3msf industrial aerospace and defense hub on Florida’s space coast by Released Hines, in partnership with Titusville-based Key Group, announced Space Coast Innovation Park, a 3 million-square-foot project that will feature three phases of class A industrial product situated across 450 acres in the heart of Florida’s Space Coast in Brevard County.
Investors | Dec 6, 2023 London CIV commits $63.1m to Octopus Affordable Housing Fund by Lewis Dayton London CIV has made a £50 million ($63.1 million) commitment to Octopus Affordable Housing Fund.
