People | Mar 30, 2022 DiamondRock Hospitality Co. COO to resign by Released Thomas Healy has plans to resign as executive vice president and COO at DiamondRock Hospitality Co.
Investors | Mar 30, 2022 Marcus Partners Fund IV picks up Arlington County Employees as an investor by Kali Persall Arlington County (Va.) Employees Retirement System has approved a commitment of $25 million to Marcus Partners Fund IV, a value-added fund managed by Marcus Partners.
People | Mar 30, 2022 Washington State Investment Board names new CIO by Kali Persall Christopher Hanak has stepped into the role of CIO of the Washington State Investment Board (WSIB), an asset management organization responsible for $186 billion in state retirement funds and other public trust accounts.
People | Mar 30, 2022 Rob Tanenbaum joins Starwood Capital Group by Released Rob Tanenbaum has joined Starwood Capital Group as managing director and head of North American hotel asset management.
Investors | Mar 30, 2022 Dallas Police and Fire writes down Russian investments by Kali Persall Dallas Police and Fire Pension System (DPFP) said it has written down its Russian investments to essentially zero, based on current market conditions.
Research | Mar 30, 2022 OZ program inspires investment in underserved communities, says report by Released Opportunity Zones (OZs) program is achieving its aims by attracting investments in social impact projects that might not be made without OZ incentives.
Investors | Mar 30, 2022 Latest trends in commercial real estate lending by Loretta Clodfelter Commercial real estate lenders continue to compete for loans secured by multifamily, industrial and life sciences assets, as well as data centers.
Transactions | Mar 30, 2022 Europe’s largest commercial lab building to be built at Canary Wharf, London by Released Canary Wharf Group (CWG) and Kadans Science Partner have formed a joint venture to develop a new 750,000-square-foot, life sciences–focused, wet lab–enabled building at Canary Wharf in London.
Transactions | Mar 30, 2022 Aviva Investors acquires sustainable office building in Amsterdam CBD by Released Aviva Investors has acquired the FOZ building, a highly sustainable building located in the heart of Amsterdam’s business district.
Transactions | Mar 30, 2022 Allianz Real Estate acquires 12 assets on behalf of its newly established Japan multifamily residential fund by Released Allianz Real Estate has entered into an agreement to acquire a portfolio of prime multifamily residential assets in Tokyo.
Transactions | Mar 30, 2022 San Diego multi-housing community sells to Fairfield for $106m by Released Lowe and LaSalle Investment Management have closed the $106 million sale of IDEA1.
Transactions | Mar 29, 2022 Ballymore and Hammerson JV secures Section 106 agreement for regeneration of Bishopsgate Goodsyard by Released Bishopsgate Goodsyard Regeneration Ltd, the 50-50 joint venture between international property developers Ballymore and Hammerson, has completed the Section 106 agreement, unlocking the 1.7 million-square-foot, mixed-use regeneration area in Shoreditch, one of central London’s highest growth neighborhoods.Â
Transactions | Mar 29, 2022 JLL arranges $543m in financing for the $596m 10 World Trade project in Boston’s Seaport by Released  JLL Capital Markets has arranged $543 million in financing for the $596.6 million 10 World Trade project, a speculative development that will offer 555,250 square feet of life sciences, office and retail space in the heart of Boston’s Seaport District.
Investors | Mar 29, 2022 Sojitz to establish JV in rental residential value add business with Goldman Sachs by Andrea Zander Sojitz Corporation and Goldman Sachs have entered into agreement to jointly establish, in 25–75 partnership, a new company for the purpose of investment in residential properties in Japan.
Transactions | Mar 29, 2022 GIC JV buys Hilton hotel in New Orleans downtown by Andrea Zander Summit Hotel Properties has completed the previously announced acquisition of the 176-guestroom Canopy by Hilton New Orleans Downtown for $56 million through its joint venture with GIC, Singapore’s sovereign wealth fund.
Transactions | Mar 29, 2022 Thor Equities Group plans for class-A industrial development in Northern New Jersey by Released Thor Equities Group has acquired 14-22 River Road, an industrial property in the sought-after Northern New Jersey submarket, its second acquisition in New Jersey within a month.
Transactions | Mar 29, 2022 $1b Crescent JV to build BTR community in growing Gulf Coast market by Kali Persall Crescent Communities and Pretium have closed on the land for the development of HARMON Legacy Trail, the third build-to-rent (BTR) community under development as part of their previously announced joint venture and commitment to invest $1 billion in new single-family build-to-rent communities across 14 key strategic growth markets.
Transactions | Mar 29, 2022 Nuveen enters U.K. affordable housing sector by Andrea Zander Nuveen Real Estate has plans to enter the U.K. affordable housing sector on behalf of the TIAA General Account in a joint venture with Preferred Homes Limited (PHL), a for-profit Registered Provider of Affordable Housing, supported by Ashbourne Capital Partners (ACP).
Transactions | Mar 29, 2022 Barings acquires €256m landmark regeneration scheme in Bristol by Andrea Zander Barings has acquired Soapworks, a mixed-use development in Bristol with a gross development value of €256 million ($284 million).
Research | Mar 29, 2022 UBS Real Estate Outlook – Inflation yet to peak by Andrea Zander The Ukraine-Russia war will not have significant direct impacts on the European property market outside of Central and Eastern Europe, anticipates UBS in its real estate outlook.
