Fundraising | Apr 22, 2022 Essex Property Trust, UDR holds first close for ESG fund by Andrea Zander Industry-leading multifamily REITs Essex Property Trust and UDR, Inc. announced a first closing.
Transactions | Apr 22, 2022 BentallGreenOak buys industrial portfolio in San Diego by Released BentallGreenOak has acquired a 614,020-square-foot class-A industrial portfolio consisting of seven manufacturing and distribution buildings in northern San Diego.
Transactions | Apr 22, 2022 Hines completes first office tower to achieve 19% reduction in carbon emissions by Released Hines has completed the concrete core and steel structure for Salesforce Tower Chicago, the 60-story, 1.2 million-square-foot office tower in downtown Chicago.
Investors | Apr 22, 2022 PSP Investments launches climate-strategy roadmap by Kali Persall The Public Sector Pension Investment Board has launched its first Climate Strategy with the goal of reducing emissions across its investment portfolio.
Transactions | Apr 22, 2022 Pebblebrook Hotel Trust to acquire Inn on Fifth in Naples, Fla., for $156m by Released Pebblebrook Hotel Trust has plans to acquire the AAA Four Diamond, 119-room Inn on Fifth in Naples, Fla., for $156 million.
Transactions | Apr 22, 2022 Heimstaden invests €149m in Edinburgh residential project by Released Heimstaden has agreed to fund and acquire PLATFORM_’s 464-home residential project in Edinburgh for €149 million ($161 million).
People | Apr 22, 2022 Cambridge Realty Capital founder and CEO passes away by Released Cambridge Realty Capital has announced the sudden death of Jeffrey Davis, founder and CEO.
Research | Apr 22, 2022 Global economic sentiment takes a hit by Jennifer Molloy From the COVID-19 pandemic to Russia’s war on Ukraine, the world has seen its fair share of black swan events recently.
Research | Apr 22, 2022 $288b of capital raised for global non-listed real estate investment in 2021 by Released Capital raising activity reached a record high in 2021, with at least $288 billion raised globally for non-listed real estate investment, according to ANREV, INREV and NCREIF in their Capital Raising Survey 2022.
People | Apr 22, 2022 CBRE Investment Management bolsters investment committees with additional independent members by Andrea Zander CBRE Investment Management has appointed three independent members to its Americas Direct Real Estate Investment Committee.
Transactions | Apr 21, 2022 Union Investment enters the Irish logistics market by Released Union Investment has entered the Irish logistics market and has acquired a distribution center in Newbridge, County Kildare.
Research | Apr 21, 2022 Beijing property market transaction activity curtailed by COVID-19 by Released Transaction activity in the Beijing real estate investment market fell significantly in first quarter 2022, due both to the quieter Spring Festival holiday period and the reoccurrence of COVID-19.
Investors | Apr 21, 2022 Detroit Police & Fire Retirement System hires AndCo Consulting by Kali Persall The Police & Fire Retirement System (PFRS) of the City of Detroit has appointed AndCo Consulting as its new investment consultant, following an RFP issued in August 2021.
Transactions | Apr 21, 2022 BNP Paribas acquires two new office buildings in Lisbon by Released BNP Paribas has completed the acquisition of the Aura and Echo buildings in the Exeo development for its new headquarters in Lisbon, Portugal.
Transactions | Apr 21, 2022 Hines fund makes first logistics Investment in Australia by Released Hines Asia Property Partners (HAPP), Hine’s flagship commingled Asia Pacific core-plus fund, has acquired four logistics properties in Australia from industry property specialist Pipeclay Lawson Ltd.
Transactions | Apr 21, 2022 Korean investor pays $190m for west Houston industrial asset by Andrea Zander Seoul-based Mirae Asset Global Investments has purchased the 1.5 million-square-foot property at 1800 North Mason Road in Katy, Texas.
Fundraising | Apr 21, 2022 AG Realty Value Fund XI secures $883m by Kali Persall A Form D has been filed with the SEC for the AG Realty Value Fund XI, a closed-end real estate debt investment vehicle managed by Angelo, Gordon & Co, valuing the fund at around $884 million.
Investors | Apr 21, 2022 DWS makes strategic investment in Alternatives distribution platform by Released DWS Group announced it is making a strategic investment in its Americas Alternatives distribution platform to make its real estate products more widely available to the retail market.
Investors | Apr 21, 2022 City of Fresno Retirement Systems approves €50m investment in core-plus European fund by Kali Persall At its April 13 meeting, the City of Fresno (Calif.) Retirement Systems approved a commitment up to €50 million ($54 million) to the a long-life, core-plus European fund managed by Tristan Capital Partners.
People | Apr 21, 2022 Stella Pappas joins TruAmerica Multifamily to lead investor relations team by Released Stella Pappas has joined TruAmerica Multifamily as a senior managing director and head of investor relations.
