Research | Apr 22, 2022 $288b of capital raised for global non-listed real estate investment in 2021 by Released Capital raising activity reached a record high in 2021, with at least $288 billion raised globally for non-listed real estate investment, according to ANREV, INREV and NCREIF in their Capital Raising Survey 2022.
People | Apr 22, 2022 CBRE Investment Management bolsters investment committees with additional independent members by Andrea Zander CBRE Investment Management has appointed three independent members to its Americas Direct Real Estate Investment Committee.
Transactions | Apr 21, 2022 Union Investment enters the Irish logistics market by Released Union Investment has entered the Irish logistics market and has acquired a distribution center in Newbridge, County Kildare.
Research | Apr 21, 2022 Beijing property market transaction activity curtailed by COVID-19 by Released Transaction activity in the Beijing real estate investment market fell significantly in first quarter 2022, due both to the quieter Spring Festival holiday period and the reoccurrence of COVID-19.
Investors | Apr 21, 2022 Detroit Police & Fire Retirement System hires AndCo Consulting by Kali Persall The Police & Fire Retirement System (PFRS) of the City of Detroit has appointed AndCo Consulting as its new investment consultant, following an RFP issued in August 2021.
Transactions | Apr 21, 2022 BNP Paribas acquires two new office buildings in Lisbon by Released BNP Paribas has completed the acquisition of the Aura and Echo buildings in the Exeo development for its new headquarters in Lisbon, Portugal.
Transactions | Apr 21, 2022 Hines fund makes first logistics Investment in Australia by Released Hines Asia Property Partners (HAPP), Hine’s flagship commingled Asia Pacific core-plus fund, has acquired four logistics properties in Australia from industry property specialist Pipeclay Lawson Ltd.
Transactions | Apr 21, 2022 Korean investor pays $190m for west Houston industrial asset by Andrea Zander Seoul-based Mirae Asset Global Investments has purchased the 1.5 million-square-foot property at 1800 North Mason Road in Katy, Texas.
Fundraising | Apr 21, 2022 AG Realty Value Fund XI secures $883m by Kali Persall A Form D has been filed with the SEC for the AG Realty Value Fund XI, a closed-end real estate debt investment vehicle managed by Angelo, Gordon & Co, valuing the fund at around $884 million.
Investors | Apr 21, 2022 DWS makes strategic investment in Alternatives distribution platform by Released DWS Group announced it is making a strategic investment in its Americas Alternatives distribution platform to make its real estate products more widely available to the retail market.
Investors | Apr 21, 2022 City of Fresno Retirement Systems approves €50m investment in core-plus European fund by Kali Persall At its April 13 meeting, the City of Fresno (Calif.) Retirement Systems approved a commitment up to €50 million ($54 million) to the a long-life, core-plus European fund managed by Tristan Capital Partners.
People | Apr 21, 2022 Stella Pappas joins TruAmerica Multifamily to lead investor relations team by Released Stella Pappas has joined TruAmerica Multifamily as a senior managing director and head of investor relations.
Transactions | Apr 21, 2022 LaSalle acquires €721m U.K. designer outlet portfolio by Released LaSalle Investment Management has acquired two prime outlet centers in the United Kingdom, McArthurGlen Designer Outlet Cheshire Oaks and McArthurGlen Designer Outlet Swindon, for £600 million (€721 million/$783 million) from Nuveen Real Estate.Â
Transactions | Apr 21, 2022 JLL Income Property Trust acquires luxury apartment community in Orlando by Released JLL Income Property Trust has paid $154 million for Jefferson Lake Howell, a newly constructed, class A apartment community in the northern Orlando suburb of Casselberry, Fla.
Research | Apr 21, 2022 New report outlines global cities’ preparedness for sustainable travel and tourism growth by Released Prior to the pandemic, the travel and tourism sector had been outpacing the global economy for almost a decade, with an annual average growth of 4.3 percent compared to 2.9 percent through 2019, and a contribution of nearly $9.2 trillion to the global economy in the same year.
Transactions | Apr 21, 2022 Harbor Custom Development to sell six multifamily projects for $278m by Released Harbor Custom Development has listed six Western Washington apartment projects totaling 734 units for a combined value of $278 million with Kidder Mathews, a brokerage firm on the West Coast.
Investors | Apr 21, 2022 New York State Comptroller urges companies to address climate change investment risks by Kali Persall New York State Comptroller Thomas DiNapoli said companies are taking action to address investment risks posed by climate change, as a result of recent shareholder proposals filed on behalf of the New York State Common Retirement Fund (NYSCRF).
Transactions | Apr 21, 2022 SL Green pays $445m for Midtown Manhattan office by Andrea Zander SL Green Realty Corp. has entered into a contract to purchase 450 Park Ave. in Midtown Manhattan.
Transactions | Apr 21, 2022 M&G acquires 97% stake in Korean office for $215m by Andrea Zander M&G Real Estate has acquired a class A office building in Bundang, South Korea.
People | Apr 21, 2022 Mary Beth McCormick joins advisory board of Citymark Capital by Released Citymark Capital announced that Mary Beth McCormick has been appointed to its advisory board.
