Transactions | Feb 23, 2022 Cologix CIM Group form JV to develop data center by Released Cologix and CIM Group have formed a joint venture to construct and operate TOR4.
Transactions | Feb 23, 2022 AMP Capital, Dexus move forward with redevelopment of Sydney’s first skyscraper by Released AMP Capital Wholesale Office Fund (AWOF) and Dexus Wholesale Property Fund (DWPF) have appointed a contractor to redevelop 33 Alfred Street office building, Sydney’s first skyscraper.
Investors | Feb 23, 2022 MainePERS to put $90m in two open-ended Stockbridge, Invesco funds by Kali Persall Maine Public Employees Retirement System (MainePERS) has allotted $90 million of capital to two open-ended real estate funds.
Investors | Feb 23, 2022 GIC enters $680m New Zealand JV with Precinct Properties by Andrea Zander Precinct Properties has conditionally agreed to form a new real estate investment partnership with Singapore sovereign wealth fund GIC.
Research | Feb 23, 2022 Q&A: Technology-focused senior-living design is here to stay by Kali Persall In a Q&A with IREI, Tammy Ng, is a project manager at Alameda, Calif.-based architecture and design firm, MBH Architects, discusses the emergence of technology-focused trends in senior living design, how the pandemic has influenced those innovations and what the future holds for them.
Transactions | Feb 23, 2022 AEW to sell Singapore office block for $213m by Andrea Zander AEW has plans to sell 55 Market Street, Singapore.
Transactions | Feb 23, 2022 Castellum divests portfolio in Gävle for $245m by Released Castellum has divested 12 properties in Gävle, Sweden, to Fastighets AB Regio for SEK 2.3 billion (€217 million/$245 million).
Fundraising | Feb 23, 2022 Covenant Capital Group opens new $600m apartment fund by Kali Persall Nashville-based Covenant Capital Group has opened a new fund with a $600 million fundraising target, IREI has learned.
Transactions | Feb 23, 2022 London tower to sell for $1b by Andrea Zander WR Berkley has plans to sell The Scalpel office tower in London to Singaporean investor Ho Bee Land for more than £800 million (€959 million/$1.1 billion).
Transactions | Feb 23, 2022 Pacific Eagle Real Estate pays $645m for Tanglin Shopping Center in Singapore by Andrea Zander Pacific Eagle Real Estate has paid S$868 million ($644.6 million) for Tanglin Shopping Center, Singapore.
Investors | Feb 23, 2022 Houston Police Officers slates $25m for healthcare real estate fund by Kali Persall Houston Police Officers Pension System has greenlighted a $25 million commitment to a non-core healthcare real estate fund.
Investors | Feb 23, 2022 Fairfield closes $510m development JV by Andrea Zander Fairfield has closed on a new development joint venture with $510 million of equity commitments funded by California State Teacher’s Retirement System (CalSTRS) and a sovereign wealth fund. This is the first Fairfield-sponsored vehicle that pairs CalSTRS and a sovereign wealth investor.
Fundraising | Feb 23, 2022 Meadow Partners seeks $600m for new fund by Kali Persall Meadow Partners has launched a sixth real estate fund, targeting $600 million of equity commitments, a spokesperson for the firm confirmed in an email.
Investors | Feb 22, 2022 Chicago Teachers makes $35m follow-on commitment to TA Realty Value Add Fund XIII by Kali Persall Chicago Teachers' Pension Fund (CTPF) has approved a re-up of $35 million to TA Realty Value Add Fund XIII, according to a board meeting document from Feb. 17.
Investors | Feb 22, 2022 Maryland State Retirement and Pension System backs Asana, Carmel, Heitman funds by Kali Persall The Maryland State Retirement and Pension System (MSRPS) has committed to three real estate funds as of late.
Transactions | Feb 22, 2022 Arch Street Capital acquires 2msf portfolio by Released Arch Street Capital Advisors has purchased two single-tenant, build-to-suit, high-quality industrial assets that are strategically located in the Minneapolis and Kansas City MSAs.
Investors | Feb 22, 2022 LMC and CPP Investments form $979m multifamily JV by Andrea Zander Canada Pension Plan Investment Board (CPP Investments) and LMC, a wholly-owned subsidiary of Lennar Corp., have formed a new joint venture to develop class A multifamily residential communities across high-growth metropolitan areas in the United States.
Transactions | Feb 22, 2022 Broad Street Realty acquires mixed-use property for $122m by Released Broad Street Realty has paid $122 million for Midtown Row in Williamsburg, Va.
Investors | Feb 22, 2022 JP Morgan invests in proptech space fund by Released Wilshire Lane Capital has received $40 million in LP commitments with the first close of its debut fund, which has a target size of $125 million, launching four months ago.
Research | Feb 22, 2022 Real estate looks solid despite inflation and rate risks by Andrea Zander Despite rising inflation and the threats that interest rate hikes pose to real estate, Oxford Economics has maintained its global all-property total return forecast for 2022 at 7.9 percent and for 2023 at 7.1 percent.
