Investors | Aug 28, 2024 LAFPP to reduce allocation to REITs, increase allocation to private real estate by Kali Persall The Los Angeles Fire and Police Pensions (LAFPP) has approved reducing the target allocation to REITs from 3 percent to 1.5 percent of the total plan, and increasing the target allocation to private real estate from 7 percent to 8.5 percent.
People | Aug 28, 2024 President of GID Development Group, James Linsley, announces retirement by Released GID Investment Advisers has announced that James Linsley, president at GID Development Group, will be retiring after 17 years of leadership with GID's development platform to pursue long-planned personal adventures, the first of which is his upcoming quest to sail around the world.
People | Aug 28, 2024 UPDATED: KREST names Julia Butler as CEO by Andrea Zander KKR Real Estate Select Trust (KREST) has appointed Julia Butler to CEO, reported DI WIRE.
Fundraising | Aug 28, 2024 Far East Orchard launches inaugural student accommodation fund by Andrea Zander Far East Orchard has launched its first private fund in Singapore, the FE U.K. Student Accommodation Development Fund (FESAD), which aims to invest in purpose-built student accommodation (PBSA) across United Kingdom, according to a release.
Transactions | Aug 28, 2024 Prologis UK makes logistics acquisition by Released Prologis UK has bought a Park Royal trophy asset, expanding its existing portfolio in London. The seller was DTZ.
Transactions | Aug 28, 2024 LaSalle acquires hotel in London by Released LaSalle Investment Management has acquired a central London hotel from abrdn for £56 million ($66 million) on behalf of a U.K. custom account client.
People | Aug 27, 2024 Jaladhi Shukla becomes senior investment officer of Dallas Employees’ Retirement Fund by Kali Persall Jaladhi Shukla has been promoted to senior investment officer at the Dallas Employees’ Retirement Fund, a defined benefit plan for the city of Dallas’s nonuniformed, permanent employees.
Transactions | Aug 27, 2024 Class A industrial portfolio trades hands for $215m by Released JLL Capital Markets announced the sale of Core5 at Middletown, an industrial portfolio featuring two newly constructed, fully leased class A buildings located in Middletown, Penn.
Transactions | Aug 27, 2024 Wheelock Street Capital JV secures $234m construction financing for Rosewood Residences Naples in Florida by Released JLL Capital Markets has arranged $234 million construction financing for Rosewood Residences Naples, a 42-unit, ultra-luxury waterfront condominium development situated directly on the beach in Naples, Fla.
Transactions | Aug 27, 2024 QIC set to sell 50% share of Claremont Quarter to Hawaiian by Released QIC has exchanged contracts with Hawaiian on the purchase of QIC’s 50 percent share of Claremont Quarter in Western Australia.
People | Aug 27, 2024 CBRE strengthens debt advisory capability with senior hire by Released CBRE, has hired Nicolas Brandebourger as an executive director in its European debt and structured finance team, led by Chris Gow.
Investors | Aug 27, 2024 BlackRock in new pact to expand Saudi Arabian real estate finance market by Andrea Zander BlackRock has signed a memorandum of understanding with the Saudi Real Estate Refinance Company.
Research | Aug 27, 2024 JLL: Highly transparent real estate markets make strong progress, outpacing peers by Released Real estate transparency is more critical than ever in times of uncertainty, and markets emerging as the most transparent are pulling further ahead based on investments in technology integration and AI, data availability and sustainability.
Transactions | Aug 27, 2024 Warburg Pincus-Lendlease venture buys Singapore property assets for $1.2b by Andrea Zander The joint venture platform jointly established by Warburg Pincus and Lendlease has, together with its managed investment vehicle LINO, acquired a S$1.6 billion ($1.2 billion) portfolio of assets in Singapore.
Transactions | Aug 27, 2024 Nuveen Green Capital closes $190m in C-PACE financing for the Virgin Hotels Las Vegas by Released Nuveen Green Capital (NGC) has closed on the financing of $190 million in C-PACE capital for the Virgin Hotels Las Vegas.
