Transactions | Jul 14, 2022 AIMCo and Ridgeback acquire €334m U.K. BTR portfolio from Angelo Gordon by Andrea Zander Alberta Investment Management Corporation and Ridgeback Group have acquired a portfolio of U.K. build-to-rent (BTR) assets.
Transactions | Jul 14, 2022 Praedium X Middle-Income Housing Fund takes ownership of 11 multifamily properties by Kali Persall The Praedium Group, a multifamily manager focused on investing in rental housing in suburban growth markets throughout the United States, has acquired 11 properties on behalf of its 10th fund, Praedium X Middle-Income Housing Fund.
Investors | Jul 14, 2022 San Francisco pension fund contributes to Blackstone Real Estate Partners X by Kali Persall Blackstone Real Estate Partners X (BREP X), an opportunistic fund launched in May to invest in diversified property types globally, has added the San Francisco Employees' Retirement System (SFERS) to its investor base.
Research | Jul 14, 2022 Fit-out cost inflation begins to feed into occupier costs, rising 6% in 12 months by Andrea Zander Savills analysis of Q2 2022 Prime Office Costs (SPOC) in global markets around the world shows that inflation and supply chain issues are now feeding into office fit-out costs and keeping occupiers’ net effective costs high in many cities around the world.
Transactions | Jul 14, 2022 PGIM Real Estate closes $295m in designated green financing by Released PGIM Real Estate has closed on $295 million in designated green financing on behalf of its flagship core real estate fund in the United States.
Investors | Jul 13, 2022 Texas TRS commits $320m to opportunistic real estate by Kali Persall The Teacher Retirement System (TRS) of Texas has allocated $320 million for three opportunistic real estate funds, according to a recent investment report.
Investors | Jul 13, 2022 NMERB re-ups in Raith Capital Partners, Crow Holdings real estate funds by Kali Persall The New Mexico Educational Retirement Board (NMERB) has disclosed $150 million of commitments to opportunistic real estate and real estate debt funds, IREI has learned.
Transactions | Jul 13, 2022 Walker & Dunlop structures $754m in financing for Aman New York luxury residences by Released Walker & Dunlop has structured $754 million in financing for Aman New York, one of New York’s most anticipated luxury hotel and residence developments.
Transactions | Jul 13, 2022 Newmark secures financing for JV’s $1.25b West Village condo development by Released Newmark has arranged the financing of Manhattan’s most anticipated luxury waterfront residential development, the last remaining block at St. John's Terminal in Manhattan’s West Village.
Transactions | Jul 13, 2022 Lincoln Harris, Goldman Sachs unveils plans for mixed-use development in Charlotte by Released Lincoln Harris, in partnership with the real estate business within Goldman Sachs Asset Management, has unveiled plans for 600 South Tryon, the fourth office building at the 10-acre Legacy Union mixed-use development in the heart of Uptown Charlotte.
Research | Jul 13, 2022 Asia Pacific H1 2022 hotel investment up 33 percent year-on-year as market moves above pre-pandemic levels by Released Recovery in Asia Pacific’s hotel sector continued to accelerate in 2022 with investment volumes for the first half of the year totaling $6.8 billion.
Transactions | Jul 13, 2022 DRA Advisors, KPR Centers partnership acquires $879m grocery-anchored portfolio by Andrea Zander A partnership between a real estate fund managed by New York City-based DRA Advisors and KPR Centers has completed the acquisition of a portfolio of 35 grocery-anchored shopping centers, comprising more than 4.9 million square feet of space, from Cedar Realty Trust for $879 million.
Transactions | Jul 13, 2022 REInvest invests in Dublin for the first time with €65m acquisition from Henderson Park by Released Luxembourg real estate asset manager REInvest Asset Management S.A. has invested in a property in Dublin for the first time in the company's history.
Research | Jul 13, 2022 Record first half of year for European real estate investment by Andrea Zander Investment into European real estate reached €152 billion ($152.5 billion) in the first half of 2022.
Transactions | Jul 13, 2022 Danish pension fund pays $85m for L.A. industrial asset by Released Thor Equities Group and Denmark-based PFA Pension have purchased 12065 Pike Street in Santa Fe Springs, Calif., a premier cold storage warehouse fully leased to the brewing company, Anheuser Busch.
Fundraising | Jul 13, 2022 GARBE collects capital for its latest logistics fund by Kali Persall GARBE Industrial Real Estate has raised about €400 million ($401 million) in equity from German and international investors for the GARBE Logistics Real Estate Fund Plus III (GLIF+III).
Investors | Jul 13, 2022 TRS Illinois puts capital in EQT, Cerberus real estate funds by Kali Persall The $66.1 billion Teachers’ Retirement System (TRS) of the State of Illinois has unveiled $350 million of new real estate commitments with two existing fund managers.
Investors | Jul 13, 2022 JLL and Georgia Department of Transportation to deliver EV charging stations by Released JLL announced its agreement with the Georgia Department of Transportation (GDOT) to deliver a strategic plan for electric vehicle (EV) charging stations.
Fundraising | Jul 13, 2022 SANTÉ Realty Investments completes $570m raise for Ground Lease Fund by Andrea Zander SANTÉ Realty Investments announced the completion of a $570 million capital formation for its Ground Lease Fund.
Transactions | Jul 13, 2022 Catella acquires Dutch office-to-resi transformation project in Haarlem for €65m by Released Catella European Residential III Fund (CER III), a fund managed by Catella Residential Investment Management (CRIM), has acquired the redeveloped Ceylonpoort office tower in Haarlem, near Amsterdam, for €65 million ($65.4 million).
