Research | Aug 16, 2022 Chinese property developers are in ‘survival mode’ amid ongoing debt crisis by Kali Persall Construction starts on new developments in China fell at the fastest pace since 2013, dropping to 96.44 million square meters (1 billion square feet), according to data from the National Bureau of Statistics of China.
Transactions | Aug 16, 2022 EXCLUSIVE — Blue Vista acquires residential property located near Purdue University by Kali Persall Blue Vista Capital Management has acquired Wabash Landing Apartments, a 206-unit residential property located near Purdue University in West Lafayette, Ind.
People | Aug 16, 2022 Legacy Partners shares unexpected passing of leader W. Dean Henry by Released Legacy Partners, a privately held national real estate firm, has regretfully announced the passing of their admired leader W. Dean Henry, who has been CIO since 2012.
Research | Aug 16, 2022 Global prime office rents remain robust despite economic headwinds, says CBRE by Released Despite economic headwinds including high inflation and rising materials costs, global office markets exhibited relative strength in second quarter 2022. Office take-up and prime rent increases occurred in several key markets across the three main global regions, reflecting recovering demand and improved leasing activity.
Transactions | Aug 16, 2022 Life sciences development moves forward in Massachusetts by Kali Persall A speculative life sciences development totaling 262,000 square feet in Somerville, Mass., is moving forward.
Transactions | Aug 16, 2022 Ascott Residence Trust proposes $232m acquisition of assets in 5 countries by Denise Moose Ascott Residence Trust (ART) is proposing the acquisition of nine quality-serviced residences, rental housing and student-accommodation properties across Australia, France, Japan, the United States and Vietnam, from its sponsor, The Ascott Limited.
Transactions | Aug 15, 2022 Breakthrough Properties acquires four-building campus in Boulder, Colo. by Released Breakthrough Properties, a global developer of life sciences real estate backed by a joint venture of Tishman Speyer and Bellco Capital, has acquired a 9.3-acre, four-building campus in Boulder, Colo., which will be transformed into Boulder 38, featuring 164,000 square feet of office, lab and flex space.
Transactions | Aug 15, 2022 Crow Holdings sells part of shopping center in Chula Vista, Calif. by Kali Persall Crow Holdings has sold The Shops at Eastlake Terraces, a portion of a 363,300-square-foot community center in Chula Vista, Calif, to Gershman Properties for $47.8 million.
Investors | Aug 15, 2022 Sacramento County Employees Retirement System backs NREP Nordic Strategies Fund V by Kali Persall Sacramento County Employees Retirement System (SCERS) has committed €38 million ($39 million) to the value-add NREP Nordic Strategies Fund V, according to a recent investment report.
Transactions | Aug 15, 2022 Vita Group plans student-housing scheme at U.K. Guildhall by Kali Persall Vita Group has plans to build a student-accommodation project at Nottingham’s Guildhall and adjacent site, according to several news sources.
Investors | Aug 15, 2022 LACERA puts $600m in Blackstone, Brookfield funds by Kali Persall The Los Angeles County Employees Retirement Association (LACERA) unanimously has approved $600 million of investments with two high-profile real estate real estate managers.
Investors | Aug 15, 2022 More than 30 developers flock to $700m development tender in China by Kali Persall A tender for a HK$5.5 billion ($700.9 million) residential project in the To Kwa Wan area, located in China’s Kowloon peninsula has attracted 31 expressions of interest, according to Mintiandi.
Transactions | Aug 15, 2022 GIC takes 50% stake in Melbourne office development by Kali Persall Singapore’s sovereign wealth fund, GIC, has acquired a 50-percent stake in a Melbourne office development from Charter Hall Group’s Prime Office Fund (CPOF). News sources report the transaction was for A$800 million ($569.7 million).
Investors | Aug 15, 2022 Performance dips for APFC in FY22 by Kali Persall After a year of record returns and explosive growth in global markets, fund performance of the Alaska Permanent Fund Corp. is down 1.32 percent for the fiscal year 2022.
Transactions | Aug 15, 2022 QTS to develop world’s largest multi-tenant data center campus in Georgia by Kali Persall Quality Technology Services (QTS), a Kansas-based data center owner and operator, is planning to deliver what would be the world’s largest multi-tenant data center campus in Fayetteville, Ga., according to multiple news sources.
Transactions | Aug 15, 2022 ESR Group signs JV with Chinachem Group in Hong Kong by Kali Persall ESR Group and its subsidiary Sunrise Victory have entered into a joint venture with Chinachem Group to develop a prime cold storage and logistics facility at Kwai Chung in Hong Kong.
Investors | Aug 12, 2022 CPP Investments unveils new commitments, ends quarter with decrease in net assets by Kali Persall Canada Pension Plan Investment Board (CPP Investments) has disclosed a slew of new commitments and ended its first quarter of fiscal 2023 with $523 billion of net assets, compared with $539 billion at the end of the previous quarter.
Fundraising | Aug 12, 2022 Calmwater Capital surpasses $241m for latest real estate credit fund by Kali Persall has locked in more than $241 million for its Calmwater Real Estate Credit Fund IV.
Fundraising | Aug 12, 2022 Menlo Equities closes latest value-add real estate fund above target by Kali Persall Menlo Equities has completed the final closing of its latest value-add investment fund.
Research | Aug 12, 2022 U.S. office market softens again in Q2 by Andrea Zander The U.S. office market experienced softening in second quarter 2022, according to Newmark Research.
