Investors | Dec 7, 2021 Blackstone and Optimum Asset Management establish real estate JV by Kali Persall Blackstone has formed a joint venture with Optimum Asset Management and its fund Optimum Evolution Fund SIF — Property II.
Investors | Dec 7, 2021 Finnish financial markets retain positive returns by Kali Persall The FIN-FSA Financial Supervisory Authority has reported the Finnish financial sector's capital position remained positive across all sectors in third quarter 2021.
Transactions | Dec 7, 2021 Cordish to sell three East Coast casinos in $1.8b deal with Gaming and Leisure Properties by Released Gaming and Leisure Properties (GLPI) has entered into definitive agreements to acquire three casinos.
Transactions | Dec 7, 2021 Charter Hall and GIC acquire 50 Marcus Clarke in Canberra for $238m by Andrea Zander Charter Hall and GIC have established a joint venture to acquire the 50 Marcus Clarke office building in Canberra, Australia, for A$335 million ($238 million).
Transactions | Dec 7, 2021 Keppel Land China to divest Nanjing Project for $264m by Andrea Zander Keppel Land China Ltd., through its subsidiary Eternal Commercial Ltd., has plans to divest its entire 40 percent equity interest in Nanjing Jinsheng Real Estate Development Co.
Investors | Dec 7, 2021 Bridge Investment Group and the Townsend Group for $400m JV by Andrea Zander Bridge Investment Group Holdings and The Townsend Group have signed a definitive agreement forming a joint venture.
Investors | Dec 7, 2021 Oklahoma Municipal Retirement Fund puts $30m in open-end Clarion Lion Industrial Trust by Kali Persall The Oklahoma Municipal Retirement Fund (OkMRF) has approved a $30 million commitment to the open-end, value-add real estate Clarion Lion Industrial Trust fund.
Research | Dec 7, 2021 Gap widening between supply of new U.S. life sciences real estate and voracious demand by Andrea Zander Demand for new life sciences lab space is outpacing speculative construction in the top 12 U.S. life sciences hubs, as the industry rapidly expands amid a global race for new drug development, according to CBRE.
Research | Dec 7, 2021 Appetite for real estate among defined contribution investors increases by Released Appetite for real estate among defined contribution (DC) investors is increasing, with the median assets under management of an investment manager managing DC real estate capital increasing more than 50 percent over the past five years.
Transactions | Dec 7, 2021 Armada Hoffler Properties to acquire mixed-use building in Baltimore’s Harbor Point for $246m by Andrea Zander Armada Hoffler Properties has entered into an agreement to acquire a 79 percent interest and an additional 11 percent economic interest in the 23-story mixed-use Exelon building in Baltimore’s premiere downtown waterfront neighborhood, Harbor Point. The aggregate value of the acquisition is $246 million.
Transactions | Dec 7, 2021 Nuveen Real Estate to acquire 24Storage in $230m public-to-private transaction by Released Nuveen Real Estate has acquired 24Storage, the second largest self-storage operator in Sweden, as it expands its European self-storage platform.
Research | Dec 7, 2021 Heitman: European and North American cities outpace Asia Pacific by Andrea Zander London, New York City, Paris and Tokyo retain spots in Heitman Real Estate Securities Group’s (HRES) annual real estate market rankings for its Global Prime Real Estate Securities Strategies.
Transactions | Dec 7, 2021 Intracorp, Grosvenor sell luxury multifamily community in Fullerton, Calif., for $168m by Released Grosvenor Americas and Intracorp have sold AmpliFi Apartments, a 290-unit luxury apartment community located at 600 West Commonwealth in Fullerton, Calif.
Transactions | Dec 7, 2021 Bell Partners acquires Bay Area multifamily community by Released Bell Partners has purchased Tam Ridge Residences.
Research | Dec 6, 2021 Firms do not intend to downsize office space over the next year by Released Over the next 12 months, leaders expect to make investments in technology (65 percent, compared to 63 percent in 2020 survey), human capital (49 percent/43 percent in 2020 survey), and cybersecurity (44 percent/30 percent in 2020 survey). To a lesser degree, they will invest in training (30 percent), process efficiencies (26 percent), real estate (15 percent), and mergers and acquisitions (9 percent), according to EisnerAmper's executive survey.
Transactions | Dec 6, 2021 BNP Paribas REIM fund makes first acquisition in France by Released BNP Paribas Real Estate Investment Management (REIM) has bought a building located on 61 rue des Cloÿs in the 18th arrondissement of Paris, on behalf of its European Impact Property Fund (EIPF), launched in late 2020.
Research | Dec 6, 2021 Asia-Pacific property markets set to rebound in 2022 by Released The Asia-Pacific region is set to continue its recovery from the pandemic, despite renewed uncertainty caused by the Omicron variant.
Transactions | Dec 6, 2021 SL Green announces sale of interest in One Madison Avenue for $259m by Andrea Zander SL Green Realty Corp. has sold a 25 percent interest in One Madison Avenue to an international investor.
Investors | Dec 6, 2021 Cushman & Wakefield finalizes strategic investment of $500m in Greystone by Released Cushman & Wakefield has finalized its strategic investment of $500 million in Greystone, acquiring a 40 percent stake in Greystone’s Agency, FHA and Servicing businesses.
CDL plans for Central Mall’s rejuvenation with $230m strategic acquisition by Released City Developments Limited (CDL) will redevelop its Central Mall properties and the surrounding area of Singapore into a large-scale mixed-use development following the proposed acquisition of Central Square for a purchase consideration of S$315 million ($230 million).
