Investors | Jun 3, 2021 OCERS to increase noncore investments in FY22 by Kali Persall The $20.2 billion Orange County (Calif.) Employees Retirement System (OCERS) is planning to amp up investments in its noncore portfolio in Fiscal Year 2022, according to a May meeting document.
Transactions | Jun 3, 2021 Principal European Core Fund acquires Helix office building in Utrecht by Released Principal Real Estate Europe has completed the acquisition of the 10,000-square-meter (108,000-square-foot) Helix office building in Utrecht.
Research | Jun 3, 2021 U.S. travelers’ confidence returns to traveling by Released About 78 percent of U.S. travelers intend to travel for leisure, according to results from a new survey from Cirium.
Research | Jun 3, 2021 Italian industrial exceeds €300m in total volume by Andrea Zander During the first quarter of 2021, the Italian logistics market continued to be dynamic, with a take-up volume of 520,000 square meters (tk square feet/+76 percent on first quarter 2020), according to Cushman & Wakefield.
Research | Jun 3, 2021 Economists expect Asia Pacific markets to bounce back over next three years by Kali Persall Asia Pacific’s major real estate markets are expected to rebound from the effects of the COVID-19 pandemic within the next three years.
Transactions | Jun 2, 2021 Lionstone, Columbia Real Estate JV sells office complex for $113m by Released A partnership between affiliates of Lionstone Investments and funds advised by Columbia Real Estate Management, a subsidiary of Columbia Property Trust, has sold Dulles Executive Plaza.
Transactions | Jun 2, 2021 ESR Kendall Square REIT adds $145m logistic asset to portfolio by Released ESR Kendall Square REIT (365550 KS) has completed the acquisition of a modern logistics facility in the greater Seoul.
Transactions | Jun 2, 2021 Thor Equities Group expands European portfolio with French logistics acquisition by Released Thor Equities Group has acquired 36 avenue 8 mai 1945, Villeneuve la Garenne.
Transactions | Jun 2, 2021 Eagle Hospitality REIT receives approval for $481.9m sale by Andrea Zander Singapore-based Eagle Hospitality REIT (EH-REIT), which is a part of the beleaguered Eagle Hospitality Trust (EHT), has obtained approval from the United States Bankruptcy Court in the District of Delaware to sell off 14 properties of the debtor companies for a total price of $481.9 million.
Transactions | Jun 2, 2021 Charter Hall receives approval to develop $232m industrial and logistics estate in Australia by Andrea Zander Charter Hall’s leading A$7 billion ($5.4 billion) wholesale industrial and logistics fund has acquired the leasehold interest in 35 hectares.
Transactions | Jun 2, 2021 Barings’ value-add fund sells logistics near Madrid for €41m by Released Barings has sold Ontígola Logistics, comprising two warehouse assets near Madrid.
Fundraising | Jun 2, 2021 Grubb Properties looks to capitalize on multifamily opportunities with new fund by Kali Persall North Carolina–based Grubb Properties has launched a new closed-end fund, Grubb Real Estate Fund VII.
Fundraising | Jun 2, 2021 Centerbridge Partners surpasses $600m for second real estate fund by Kali Persall New York–based Centerbridge Partners has raised more than $605 million on behalf of its Centerbridge Partners Real Estate Fund II, against a target of $2 billion.
Investors | Jun 2, 2021 Los Angeles Department of Water & Power makes follow-on to Almanac’s latest fund by Kali Persall The Los Angeles Department of Water & Power Employees’ Retirement Plan has approved commitments to Almanac Realty Securities IX.
Investors | Jun 2, 2021 Invesco backs Mynd in SFR investment plan by Andrea Zander Mynd has partnered with Invesco Real Estate, with plans to invest $5 billion in single-family residential assets during the next three years.
Transactions | Jun 2, 2021 Palmira acquires first asset for logistics fund by Released Palmira Capital Partners has made its first investment acquisition for the ECLF.
Transactions | Jun 2, 2021 M&G Real Estates makes €41m acquisition in Madrid by Released M&G Real Estate has acquired the Ontígola Logistics Platform in Madrid's south corridor.
Transactions | Jun 2, 2021 Warburg-HIH Invest acquires office building near Cologne by Released Warburg-HIH Invest Real Estate has acquired an office and administrative property development in the district capital of Bergheim, Germany.
Transactions | Jun 2, 2021 Bain Capital Credit and Stoneweg Hospitality acquire 400-room hotel by Released Bain Capital Credit and Stoneweg Hospitality have acquired the 400-room Andalucía Plaza hotel complex in Marbella, Spain.
People | Jun 2, 2021 WSIB executive director to retire at year-end by Kali Persall Theresa Whitmarsh, longtime executive director of the Washington State Investment Board (WSIB), is planning to retire Dec. 31, 2021.
