Investors | Nov 10, 2022 Supply-chain issues continue to affect multifamily sector by Loretta Clodfelter Supply chain problems are affecting multifamily operations across the board. According to Drew Gravina, senior vice president of facilities at Morgan Properties, the issues range from standard apartment turnover activities to value-add upgrades to resident work orders to contracted services.
Sofitel returns to Spain with five-star hotel redevelopment by Released Sofitel has re-entered the Spanish market with five-star hotel redevelopment.
PIC and Octopus Real Estate to build €131m retirement community by Released Senior Living Investment Partners, a partnership between Octopus Real Estate and Pension Insurance Corp., a U.K.-based insurer of defined benefit pension schemes, has made its first retirement community investment.
Transactions | Nov 9, 2022 CLI to divest, sells mall for $211m to CapitaLand by Andrea Zander CapitaLand Investment Limited (CLI) has entered into agreements with CapitaLand Malaysia Trust (CLMT), its sponsored real estate investment trust listed on Bursa Malaysia, to divest its entire interest comprising 91.8 percent of the total strata floor area of retail parcels in Queensbay Mall, Penang, Malaysia.
Transactions | Nov 9, 2022 Trammell Crow, CBRE break ground on industrial park in Morgan Hill, Calif. by Released Trammell Crow Company and joint venture partner CBRE Investment Management have broken ground on the Cochrane Technology Center.
Investors | Nov 9, 2022 Mississippi PERS slates $75m for AG Realty Value Fund XI by Kali Persall The Mississippi Public Employees Retirement System (PERS) has approved a commitment of $75 million to AG Realty Value Fund XI.
Fundraising | Nov 9, 2022 Logistics Property Company closes second develop-to-core fund with $1.8b commitments by Kali Persall LPC Logistics Venture II, the second develop-to-core fund managed by Logistics Property Company, has closed with $1.8 billion of total equity commitments. The capital for the fund was provided by several global institutional investors and LPC, in the form of a co-investment.
Transactions | Nov 9, 2022 BNP Paribas REIM fund buys hotel new-build in Hamburg-Altona, Germany by Released BNP Paribas Real Estate Investment Management has acquired a hotel new-build in the Hamburg-Altona district.
Transactions | Nov 9, 2022 $213.4m financing arranged for Northern California life sciences portfolio by Released JLL Capital Markets has arranged $213.4 million in financing for a five-building life sciences portfolio totaling 325,977 square feet in South San Francisco and San Carlos, Calif.
Research | Nov 9, 2022 Decarbonizing cities and real estate: The U.S. landscape from a global perspective by Released Urgent action is undoubtedly needed for commitments to decarbonize real estate and the wider economy, according to JLL in a new report, Decarbonizing Cities and Real Estate.
Investors | Nov 9, 2022 AkademikerPension plans to grow property portfolio to nearly $1b by 2026 by Kali Persall AkademikerPension, a public pension fund based in Denmark, has unveiled a new real estate strategy to increase the property portfolio from the current DKK 2 billion ($270 million) to DKK 7 billion ($944 million) by 2026.
Research | Nov 9, 2022 €151b heading for European living sectors by Andrea Zander Investors in the student housing, multifamily and seniors housing markets across Europe are planning to significantly increase their exposure and activity over the next five years, according to Knight Frank in its European Living Sectors Investor Survey.
Research | Nov 9, 2022 Study reveals U.S. institutional investors are increasing their focus on structured credit by Released About 85 percent believe pension schemes will increasingly focus on structured credit products because they offer attractive yields when compared to other asset classes, and because they are also secured against collateral and subject to structural protections such as debt covenants and credit enhancement.
Transactions | Nov 8, 2022 Japanese office tower sells for $2.7b by Andrea Zander Tosei Asset Advisors was the winning bidder in the bidding for stake sale of the 2.1 million-square-foot Otemachi Place.
Investors | Nov 8, 2022 Massachusetts Housing Finance Agency Retirement System slates $30m for core real estate by Kali Persall The Massachusetts Housing Finance Agency Retirement System has launched an RFP seeking proposals from core real estate strategies, according to a document published by Meketa Investment Group. The board plans to invest $30 million in an open-ended core real estate fund.
Real Estate | Nov 8, 2022 A&E Real Estate acquires South Brooklyn multifamily portfolio for $248m by Andrea Zander A&E Real Estate has finalized the acquisition of 14 multifamily buildings in Brooklyn’s Gravesend and Sheepshead Bay neighborhoods.
Transactions | Nov 8, 2022 Savills IM acquires properties in Japan and Australia for pan-Asian flagship fund by Andrea Zander Savills Investment Management has completed investments in the office and residential sectors in Japan.
Investors | Nov 8, 2022 Texas TRS slates $50m for opportunistic real estate fund by Kali Persall The Teacher Retirement System (TRS) of Texas has committed $50 million to Almanac Investment Manager Solutions.
Transactions | Nov 8, 2022 ESR breaks ground on first phase of $2b multiphase data center campus in central Osaka, Japan by Released ESR Group has begun construction of its first 19.2-megawatt (MW) data center, ESR Cosmosquare OS1, at Nanko Kita, Osaka, Japan.
Investors | Nov 8, 2022 Tishman Speyer and Mitsui Fudosan America establish logistics development JV by Andrea Zander Tishman Speyer and Mitsui Fudosan America (MFA) have formed a new programmatic joint venture.
