Research | May 8, 2023 Job gains reach 253,000 in April by Loretta Clodfelter The United States continues to have a strong labor market. In April, total nonfarm payroll employment increased by 253,000 jobs, according to the Bureau of Labor Statistics, and the unemployment rate was 3.4 percent.
Fundraising | May 5, 2023 Westbrook Real Estate Fund XII locks in $700m of investor commitments by Kali Persall Westbrook Partners has captured $700 million of commitments for its latest value-add real estate fund, Westbrook Real Estate Fund XII, against its target of $2.95 billion, according to reports.
Transactions | May 5, 2023 Niam, Milton Huse launch housing project JV in Denmark by Kali Persall Niam and Milton Huse have launched a new joint venture aimed at developing, constructing and operating terraced house projects in Denmark.
Transactions | May 5, 2023 Australian shopping center trades to Chinese investor by Kali Persall MPG Funds Management has sold the 3,654-square-meter (39,331-square-foot) Village Lakeside Shopping Centre in Victoria, Australia, to a new entrant investor from China, according to reports.
Transactions | May 5, 2023 Armada Hoffler to acquire class-A mixed-use property in Atlanta by Kali Persall Armada Hoffler has signed an agreement to acquire The Interlock, a class-A mixed-use asset in Atlanta’s West Midtown, in a $215 million off-market purchase.
Investors | May 5, 2023 Urban Partners calls on industry to radically change investment approach by Released Urban Partners, a new group of new investment verticals, has called on the real estate and urban investment industry to radically change its approach to investment and how returns are measured to recognize the complexity of urban ecosystems.
People | May 5, 2023 Alan Penfold promoted to managing director of single-family BTR housing platform by Kali Persall Apache Capital has promoted Alan Penfold to managing director of Present Made, the firm’s single-family build-to-rent housing platform.
Transactions | May 5, 2023 GARBE Institutional Capital sells Ypsilon Park office complex in the Netherlands by Kali Persall GARBE Institutional Capital has sold the Ypsilon Park office complex, located in the center of the Benoordenhout district of The Hague, the Netherlands, on behalf of one of its funds.
Transactions | May 5, 2023 abrdn European Logistics Income makes first disposal by Released abrdn European Logistics Income, a company that invests in high-quality European logistics real estate, has sold a 32,645-square-meter (351,388-square-foot) warehouse, in Leon, Northern Spain, to SCPI Iroko Zen, for €18.5 million ($20 million).
Investors | May 5, 2023 The U.K.’s Golden Triangle experiences record life science investment demand by Kali Persall The Golden Triangle, the area spanning London, Cambridge and Oxford, experienced the highest first-quarter investment total on record in terms of life science real estate.
Transactions | May 5, 2023 Hines acquires 5 logistics assets across Europe by Kali Persall Hines has acquired five logistics assets across three separate transactions from different vendors throughout the United Kingdom, Spain and The Netherlands. Financial terms were not disclosed.
Other | May 5, 2023 Fed raises federal funds rate by 25bps but signals a pause in rate-hiking ahead by Loretta Clodfelter The Federal Open Market Committee voted to increase the target federal funds rate by 25 basis points at its May 3 meeting, for a target range of 5.0 percent to 5.25 percent
Transactions | May 5, 2023 Prime expands data center offering into Phoenix by Released Prime, a developer and operator of hyperscale and wholesale data centers in America and Europe, has expanded into the Phoenix market with a five-building, 66.5-acre campus in Avondale.
Research | May 4, 2023 REITs rise 0.8%, led by residential and healthcare by Loretta Clodfelter The residential and healthcare sectors pulled REITs into the black in April. The FTSE Nareit Equity REITs Index rose 0.8 percent in the past month, with a year-to-date total return of 3.5 percent. This was a reversal from REITs’ 2.5 percent decline in March.
Investors | May 4, 2023 ESR Australia, Toll Group to invest $278m in next-generation distribution facility in Australia by Kali Persall ESR Australia and Toll Group have committed to invest A$420 million ($278 million) into a next-generation retail distribution and fulfillment facility at ESR Australia's A$1.2 billion ($794 million) Westlink Industry Park in the Sydney metro area.
People | May 4, 2023 Hilltop Credit Partners appoints George Craven as senior construction and development adviser by Released Hilltop Credit Partners, a real estate credit investment manager, has appointed George Craven to the newly created role of senior construction and development adviser.
Transactions | May 4, 2023 CBRE IM to acquire five-asset multifamily portfolio in Germany by Kali Persall CBRE Investment Management has exchanged contracts to acquire a residential portfolio of five multifamily assets in Germany, on behalf of several investor solutions sponsored by the firm. The vendor is Vonovia.
Transactions | May 4, 2023 Union Investment acquires four planned residential towers in Amsterdam by Kali Persall Union Investment has acquired four planned residential towers in Amsterdam for its open-end real estate fund UniImmo: Europa, expanding its strategic position in the European residential property market.
Research | May 4, 2023 Tokyo tops the global pricing order by Jennifer Molloy Regionally and globally, Tokyo leads the pack in offering the highest finance and risk spread of any other city, according to Colliers’ April 2023 Global Capital Markets report.
Fundraising | May 4, 2023 Funds in the market led by Blackstone’s European mega-fund by Denise Moose Institutional Real Estate, Inc.’s proprietary database, IREI.Q, has identified 334 funds real estate private equity funds currently open to investors in its Q1/2023 IREI.Q Funds in the market report.
