Transactions | Jan 27, 2022 Innovation and talent will drive the next cycle of real estate recovery by Kali Persall As the global economy rebounds from the COVID-19 pandemic, innovation-oriented industries and availability of talent will be key growth drivers for the next cycle of urban and real estate recovery, according to a new report from JLL.
People | Jan 27, 2022 Oxford Properties names new Asia Pacific business head by Jennifer Molloy Alessandro Fiascaris has been named senior vice president, Asia Pacific, at Oxford Properties Group, the real estate investment arm of OMERS, the Canadian defined benefit pension plan for Ontario's municipal employees.
Transactions | Jan 27, 2022 Patron Capital and Rubens Capital Partners acquire office property in Rotterdam by Kali Persall A joint venture consisting of Patron Capital and Rubens Capital Partners (RCP) has acquired an 11-story office asset of the De Westerlaantoren building in Rotterdam’s historic city center.
Transactions | Jan 27, 2022 Inland Private Capital completes $134m sale of two Home Depot stores by Denise Moose Inland Private Capital Corp. (IPC) announced the sales of two Home Depot properties located in Massachusetts and Washington. Combined, the properties sold for $134.95 million, a premium to the offering price paid by investors. IPC, through its subsidiary that serves as asset manager, facilitated the sales of the properties on behalf of Bi-Coastal Home Improvement DST, one of IPC’s 1031 investment programs.
Research | Jan 26, 2022 Prime yields of European logistics real estate declined by 7.1% on average by Denise Moose The prime yield of the European logistics market declined by an average of around 7.1 percent compared to the prior-year period, whereas rents rose conversely by a modest 2.2 percent.
Transactions | Jan 26, 2022 CBRE purchases interests in Nashville adaptive reuse mixed-use project by Denise Moose CBRE Investment Management, on behalf of the Strategic Partners U.S. Value 9 fund, announced that it has acquired Sylvan Supply, an eight-building, 193,663-square-foot mixed-use development in Nashville.
Transactions | Jan 26, 2022 Orlando industrial portfolio changes hands by Kali Persall Transwestern Investment Group (TIG) and Acento Real Estate Partners have sold a three-building, 213,660-square-foot industrial portfolio in Orlando to Florida-based Richland Capital Holdings. A sales price was not disclosed.
Transactions | Jan 26, 2022 Oliver Street Capital and Bain Capital acquire three infill industrial properties in Washington, D.C. by Kali Persall Oliver Street Capital (OSC), a value-add investor focused on infill industrial properties, has expanded into the Washington, D.C., market, in partnership with Bain Capital Real Estate.
People | Jan 26, 2022 Tom Reichert joins ERM Group as global CEO by Jennifer Molloy Tom Reichert has been named global CEO of ERM Group, a pure-play sustainability consultancy. Reichert brings more than 30 years’ experience as a seasoned digital and sustainability leader in consulting and industry.
Clarion Partners Europe forward-purchases Amsterdam warehouse by Kali Persall Clarion Partners Europe has agreed to forward-purchase a grade A warehouse development in the wider Amsterdam port on behalf of one of its commingled funds.
People | Jan 26, 2022 Sandra Lee takes on capital-raising role in Asia for AXA IM Alts by Kali Persall Sandra Lee has been appointed to the newly created role of head of client group Alts Asia at AXA IM Alts, reflecting the firm’s growth goals in the region.
People | Jan 26, 2022 BNP Paribas REIM France appoints head of French asset management business by Released BNP Paribas Real Estate Investment Management (BNP Paribas REIM) France has appointed Laurence Weydert to head up its asset management business in France.
Research | Jan 26, 2022 Real estate secondary transactions hit all-time high by Kali Persall Real estate secondary transaction volume reached a record $10.6 billion during the full year of 2021 due to persistent growth of fund and property portfolio recapitalization transactions, coupled with a rebound of LP interest transactions, according to a recent analysis from Landmark Partners.
Fundraising | Jan 26, 2022 National Real Estate Advisors secures $60m for data center platform by Kali Persall National Real Estate Advisors has added $60 million for its Sabey Data Center Properties (SDCP) platform, bringing the company’s funds raised to $380 million over the last 12 months.
Real Estate | Jan 25, 2022 FLOW Digital Infrastructure selects new leader by Kali Persall Amandine Wang has been appointed CEO of FLOW Digital Infrastructure, a PAG Company.
Fundraising | Jan 25, 2022 Centerbridge Partners Real Estate Fund II closes fundraising at $2.3b by Kali Persall Centerbridge Partners Real Estate Fund II (CPREF II) has closed with $2.3 billion in capital commitments, significantly exceeding its original target of $1.5 billion.
Transactions | Jan 25, 2022 Rubicon Point Partners acquires historic Oakland Rotunda Building by Denise Moose Rubicon Point Partners, a woman- and minority-owned real estate company specializing in transformative investments, announced its recent acquisition of the iconic Rotunda Building in downtown Oakland from Rotunda Partners II, which has owned the building since 1999 and will continue as a minority owner.
Research | Jan 25, 2022 New commercial and multifamily construction forecast solid recovery in 2021 by Released The value of commercial and multifamily construction starts in the top 20 metropolitan areas of the United States increased 18 percent from 2020 to 2021, according to Dodge Construction Network.
Investors | Jan 25, 2022 Tattersall Lorenz to manage four German properties by Kali Persall Tattersall Lorenz has been tasked with carrying out the commercial property management of four German properties in the Coldplay portfolio. The client is a fund managed by Tristan Capital Partners.
Fundraising | Jan 25, 2022 Ardian’s second real estate fund hits €1.2b by Kali Persall Ardian has raised €1.2 billion ($1.4 billion) for its second real estate fund (AREEF II), garnering the backing of nearly 100 investors — more than 50 of which are institutional — from around the world.
