Investors | Oct 10, 2022 New Mexico Educational Retirement Board earmarks $130m for value-add real estate funds by Kali Persall The New Mexico Educational Retirement Board (NMERB) has disclosed $130 million of value-added real estate commitments.
Transactions | Oct 10, 2022 Teacher Retirement System of Texas sells office complex in Austin by Andrea Zander The $185 billion Teacher Retirement System of Texas has closed on the sale of its headquarters in Austin, located at 1000 Red River St., in the Innovation District.
Transactions | Oct 10, 2022 Cromwell and Carlyle acquire logistics portfolio in the Nordics by Released Cromwell Property Group has acquired five logistics assets in the Nordics, spread across three separate transactions.
Research | Oct 10, 2022 CEOs prepare for recession but expect growth over next three years by Andrea Zander A majority of U.S. CEOs are confident about growth over the next three years and the resilience of their companies in the near term, as they have been preparing for a recession by implementing new strategies to drive efficiency and expansion.
Investors | Oct 7, 2022 Redevco enters European hotel market with €250m strategy by Andrea Zander Redevco as entered the European hotel market with the acquisition of six assets across Spain and Portugal for more than €80 million ($78 million). It investment strategy is to initially build a €250 million ($244 million) portfolio in the Iberian markets with a like-minded joint venture partner.
Transactions | Oct 7, 2022 St. Modwen Logistics invests £126m to build eight units across the South-West by Released St. Modwen Logistics has plans to invest a further £126 million (€144 million/$140 million) to deliver highly sought-after warehouse and office space across the South-West.
Transactions | Oct 7, 2022 New York City multi-housing community sells for $387m by Released Solow Building Company has closed the sale of a $387.5 million multi-housing community.
Research | Oct 7, 2022 Strong demand and modest inventory growth contribute to increased senior housing occupancy rate by Released The senior housing occupancy rate increased 1 percentage point from 81.2 percent in the second quarter of 2022 to 82.2 percent in the third quarter of 2022.
Transactions | Oct 7, 2022 Stockholm mixed-use scheme sells for €276m by Andrea Zander Norwegian insurer DNB Livforsikring has sold Vasahuset at Kortbyrån 19 and 20 in central Stockholm to local pension fund KPA Pension, part of the Folksam Group for SEK 3 billion (€276 million/$269 million).
Investors | Oct 7, 2022 Texas TRS slates $200m for PCCP Clipper Venture II by Kali Persall The Teacher Retirement System (TRS) of Texas has invested $200 million in an opportunistic real estate fund.
Investors | Oct 7, 2022 Penn SERS makes $75m follow-on commitment to Oak Street Real Estate Capital Fund VI by Kali Persall The Pennsylvania State Employees’ Retirement System (Penn SERS) has approved a $75 million follow-on investment.
Research | Oct 7, 2022 September sees gain of 263,000 jobs, pressuring Fed to remain hawkish by Loretta Clodfelter In September, the U.S. economy added 263,000 jobs, according to the Bureau of Labor Statistics.
Transactions | Oct 7, 2022 $1.7b revitalization project proposed at Liverpool Street station in London by Kali Persall Sellar, the developer of London Bridge Quarter and Paddington Square, and MTR, a global operator of sustainable rail transport services, in partnership with Network Rail, have revealed their initial plans for vital upgrades to the Liverpool Street station in London.
People | Oct 7, 2022 Alaska Permanent Fund chooses new leader by Kali Persall The Alaska Permanent Fund Corp. (APFC) has selected Deven Mitchell as its new executive director.
Transactions | Oct 7, 2022 Landmark Properties announces construction start for second BTR neighborhood in Spring, Texas by Released Landmark Properties has held its second groundbreaking from its new build-to-rent (BTR) division focused on single-family rental home neighborhoods.
Transactions | Oct 7, 2022 AyalaLand Logistics Holdings and FLOW Digital Infrastructure partner for data center development in the Philippines by Released AyalaLand Logistics Holdings Corp. (ALLHC) and FLOW Digital Infrastructure have agreed to form a joint venture partnership to develop data center assets in the Philippines.
Research | Oct 6, 2022 Employers and employees agree on post-pandemic return to office by Released Despite perceptions to the contrary, employers and employees are equally supportive of hybrid work.
Research | Oct 6, 2022 Actis, Mahindra Lifespaces form India industrial and logistics JV by Andrea Zander Actis has entered into an agreement with Mahindra Lifespaces, the real estate and infrastructure development arm of the Mahindra Group, to establish an integrated business to develop industrial and logistics real estate facilities across India. Actis is investing for a majority stake in the joint venture, with Mahindra Lifespaces owning a significant minority stake.
Transactions | Oct 6, 2022 EdgeConneX and Aboitiz InfraCapital form JV to address enormous data usage growth in Philippines by Released EdgeConneX has formed a joint venture with Aboitiz InfraCapital (AIC), the infrastructure arm of the Aboitiz Group, to address considerable and rising data usage in the Philippines.
Transactions | Oct 6, 2022 CK Asset buys residential project in Hong Kong for $586m by Andrea Zander CK Asset Holdings has topped four competing bids to acquire a residential development site in Hong Kong’s New Territories for HK$4.6 billion ($586 million), according to an announcement published on Oct. 5.
