Research | Dec 2, 2022 European warehouses are getting bigger as occupier requirements continue to evolve by Andrea Zander The average unit size of European logistics lettings has increased more than 60 percent since 2011, according to CBRE.
Research | Dec 2, 2022 Labor markets add 263,000 jobs in November by Loretta Clodfelter Labor markets continue to show strength.
Transactions | Dec 2, 2022 Wynn completes $1.7b Encore Boston Harbor Land and real estate sale leaseback transaction by Andrea Zander Wynn Resorts has completed the sale of the land and real estate assets of Encore Boston Harbor to Realty Income Corp. for $1.7 billion in cash.
Investors | Dec 2, 2022 Oklahoma Teachers’ Retirement System plans $400m of investments in core, noncore real estate in 2023 by Kali Persall The Oklahoma Teachers’ Retirement System (TRS) will issue two invitations to bid at the beginning of 2023 for a total of $400 million in commitments for noncore and core real estate mandates.
Investors | Dec 2, 2022 Communication, transparency at top of mind for 2022 iREOC Annual Membership Meeting attendees by Kali Persall The fourth iREOC Annual Membership Meeting kicked off on Nov. 14 in the Omni Barton Creek Resort & Spa in Austin, drawing about 100 industry professionals representing more than $1 trillion dollars in real property holdings.
Transactions | Dec 2, 2022 CIM Group sells apartment community in Houston by Released CIM Group has sold the 246-unit Ashton on West Dallas apartment community in Houston.
CBRE analysis: Cities in Japan and Australia most resilient to environmental risks in Asia Pacific by Andrea Zander CBRE’s Asia Pacific Sustainable City Ranking reveals cities in Japan and Australia are the most resilient to environmental risks, and Ho Chi Minh City, Vietnam, is the most resilient emerging Asian market. Meanwhile, Jakarta, Hanoi and mainland China cities such as Beijing and Shanghai are rapidly improving their environmental resilience.
People | Dec 1, 2022 Palladius Capital Management appoints new CFO, head of hospitality Investments by Released Palladius Capital Management has appointed Afshin Kateb as CFO and head of hospitality investments.
Transactions | Dec 1, 2022 Gaw Capital Partners completes acquisition of logistics portfolio in Japan by Released Gaw Capital Partners, through a fund under its management, has acquired a logistics portfolio with seven fully leased assets across Greater Tokyo.
People | Dec 1, 2022 PGIM Real Estate bolsters global data center investment strategy with senior hire by Released PGIM Real Estate has hired James “Jim” Footh as it continues to build out its global data center investment strategy.
Transactions | Dec 1, 2022 Harrison Street and CA invest in Dublin student housing project by Andrea Zander Harrison Street and CA Ventures will develop a 249-bed purpose-built student accommodation (PBSA) project in Dublin.
Investors | Dec 1, 2022 Portfolio Advisors secures $25m investment for latest real estate secondaries strategy by Kali Persall The Texas Permanent School Fund has made a $25 million commitment to Portfolio Advisors Real Estate Fund VIII, a real estate secondaries strategy managed by Portfolio Advisors, according to reports.
Transactions | Dec 1, 2022 VICI Properties to acquire remaining interest in MGM Grand Las Vegas and Mandalay Bay JV from BREIT by Andrea Zander Blackstone Real Estate Income Trust (BREIT) and VICI Properties have jointly entered into a definitive agreement.
Fundraising | Dec 1, 2022 PIMCO launches flexible real estate income fund by Kali Persall PIMCO has launched its first real estate.
Investors | Dec 1, 2022 Broad Street Realty secures preferred equity investment from Fortress Investment Group by Andrea Zander Broad Street Realty, through a newly formed subsidiary, has secured an $80 million preferred equity Investment and a property-specific $15 million mezzanine loan from an affiliate of Fortress Investment Group.
Investors | Dec 1, 2022 Ohio Public Employees Retirement System mulls allocation changes to pension portfolio by Kali Persall The Ohio Public Employees Retirement System (OPERS) is considering changes to its investment allocation for the pension portfolio.
Fundraising | Dec 1, 2022 $75m value-add healthcare fund completes first closing by Kali Persall Thomas Park Investments has completed a first closing for its $75 million value-add vehicle, Thomas Park Growth Fund I.
Regeneration projects and new infrastructure continue to open up new possible locations for real estate investors by Chris Anderson Across Europe, the traditional view is that major cities are the best locations to invest. Whether the preference is office, residential or retail, the likes of Paris, London, Madrid and Milan will be prioritised by investors as the places likely to deliver the best returns. But should new destinations also be considered?
SPONSORED: Greystar enters Australia’s industrial property sector by Jennifer Babcock Greystar finds this the right time to enter the Australian industrial property market.
SPONSORED: Why now may be a good time for a value-add strategy by Jennifer Babcock For patient investors, the dissonance caused by rising rates and geopolitical uncertainty is exposing some opportunities for investors to achieve value-added returns.
