Transactions | Jul 12, 2022 €3b Arrow-Cerberus to speculatively develop two warehouses in Madrid by Released Arrow Capital Partners, the specialist investor, developer and manager of real estate in Europe and Asia-Pacific, has acquired a 100,000-square-meter (1.1-million-square-foot) brownfield site to speculatively develop two logistics warehouses for its €3 billion ($3.02 billion) Strategic Industrial Real Estate Joint Venture (SIRE) with Cerberus.
People | Jul 12, 2022 CARROLL appoints Rob Lester as senior managing director of capital markets and investments by Released Robert Lester has joined as senior managing director of capital markets and investments at CARROLL.
Fundraising | Jul 12, 2022 New Stonepeak real estate strategy hits the market by Kali Persall Stonepeak has launched a new real estate strategy, Stonepeak Real Estate Partners, according to a recent filing with the SEC.
Investors | Jul 12, 2022 University of Vermont allots $10m for Blackstone Real Estate Partners X by Kali Persall The University of Vermont and State Agricultural College has approved a $10 million commitment to Blackstone Real Estate Partners X, according to a recent board meeting document.
Transactions | Jul 12, 2022 CIM Group closes $204m construction loan for 1msf project in Arizona by Released CIM Group has closed a $204 million construction loan to Medistar Corporation, GMH Communities and a fund sponsored by CBRE Investment Management to finance the development of Central Station, a million-square-foot mixed-use transportation hub in Downtown Phoenix.
Transactions | Jul 12, 2022 Peel L&P and Pension Insurance Corporation break ground on 500 new homes in U.K. largest urban regeneration project by Released Peel L&P and Pension Insurance Corporation plc (PIC) has announced the commencement of construction of Miller’s Quay, the cornerstone investment in what will become the largest regeneration project in the United Kingdom, creating up to 20,000 permanent jobs.
People | Jul 12, 2022 Magnus Kenning joins Nuveen Real Estate as senior director by Released Nuveen Real Estate has strengthened its pan-European industrial and logistics capabilities with the appointment of Magnus Kenning as senior director, logistics, Nordics.
People | Jul 12, 2022 LaSalle Debt & Value-Add Strategies continues strategic growth with key hires by Released LaSalle Investment Management has appointed Rosanna Phillips as managing director in its debt investments team and Kevin Kong as director of acquisitions for value-add investments, adding to the continued growth and expansion of LaSalle Debt & Value-Add Strategies in Europe.
Research | Jul 12, 2022 REITs continue to decline in June by Loretta Clodfelter U.S. REITs fell 7.4 percent in June, according to the FTSE Nareit Equity REITs Index.
Transactions | Jul 12, 2022 Hudson’s Bay Company to develop life-sciences portfolio in Greater Boston Area by Released HBC Properties and Investments (HBCPI) and Streetworks Development, the in-house real estate development arm of HBC, today announced plans to convert a three-property, 360,000-square-foot retail portfolio in the greater Boston metropolitan area to state-of-the-art life science facilities.
Transactions | Jul 12, 2022 Chartwell Residential to develop 124-acre master-planned community in Tennessee by Released Chartwell Residential has plans to develop the124-acre Kedron Square master-planned community in Spring Hill, Tenn.
Transactions | Jul 12, 2022 Avanti Residential acquires $181m Soleste Grand Central Apartments in Miami by Released Avanti Residential has acquired Soleste Grand Central, a newly built luxury 360-unit apartment community in downtown Miami.
Transactions | Jul 12, 2022 Amro Partners bolsters PBSA portfolio by Kali Persall Amro Partners has expanded its Iberian purpose-built student accommodation (PBSA) portfolio.
Research | Jul 12, 2022 Property prices decline 5% in Q2 by Released The Green Street Commercial Property Price Index® declined by 3.7 percent in June.
People | Jul 11, 2022 Anthony Breault joins Ascentris as a managing director by Kali Persall Ascentris, a Denver-based real estate private equity firm, has appointed Anthony Breault as a managing director on the company’s portfolio management team. `
Fundraising | Jul 11, 2022 Convenience real estate specialist secures capital for third fund by Kali Persall Belgium-based Mitiska REIM, a European specialist investor in convenience real estate, has completed the first closing of its third flagship fund, Mitiska European Real Estate Partners 3 (MEREP 3).
Research | Jul 11, 2022 Growth in Cell & Gene Therapy predicts a wave of demand for biomanufacturing space by Released As life-sciences employment grows in both major and emerging life-sciences markets, advancements in innovation are accelerating across the United States.
Fundraising | Jul 11, 2022 BNP Paribas Asset Management raises €750m for second commercial real estate debt fund by Kali Persall BNP Paribas Asset Management (BNPP AM) has surpassed the €500 million ($509 million) target for its second senior commercial real estate debt fund, BNP Paribas European Real Estate Debt Fund II.
Transactions | Jul 11, 2022 Stoneweg enters Houston market by Andrea Zander Stoneweg U.S. has entered the Houston market, acquiring the Ashford Apartments, a 312-unit, class A community.
Transactions | Jul 11, 2022 Prologis breaks ground on life-science development at Cambridge by Released Prologis has started work on the first wholly speculative development of new multi-let laboratory and office space at Cambridge Biomedical Campus, England, which is specifically targeting a range of growing biotech and life science businesses.
