Transactions | May 12, 2021 Macy’s to invest $235m in NYC Herald Square flagship store by Andrea Zander Macy’s has plans to reposition its flagship Herald Square store.
Research | May 12, 2021 U.S. inflation to head even higher over next couple of months by Andrea Zander Headline inflation jumped 0.8 percent month-on-month versus the 0.2 percent consensus.
Transactions | May 12, 2021 MGM Growth Properties pays $400m for property by Andrea Zander MGM Resorts International and MGM Growth Properties have entered into a definitive agreement.
Fundraising | May 12, 2021 Trius Lending Partners opens new evergreen lending fund by Kali Persall Trius Lending Partners, a mid-Atlantic leading private money and hard-money lender, has opened a new evergreen fund, Trius Lending Partners Fund I.
Transactions | May 12, 2021 LaSalle acquires logistics property for development in Madrid via Encore+ by Released LaSalle Investment Management has acquired the Villaverde Logistics Portfolio.
Transactions | May 12, 2021 PGIM Real Estate sells Jung-An Building in Seoul, South Korea by Andrea Zander PGIM Real Estate has sold Jung-An Building.
Transactions | May 12, 2021 LendInvest partners with Homes England by Released LendInvest has partnered with Homes England to finance the development of 400 affordably priced apartments in Ashford, Kent, England.
People | May 12, 2021 Octopus Real Estate adds senior fund manager to care home team by Released Octopus Real Estate, part of Octopus Group and a U.K. specialist real estate lender and investor, has appointed Michael Toft as senior fund manager in its care home fund management team.
Transactions | May 12, 2021 Arrow acquires industrial site in Germany by Released Arrow Capital Partners has acquired an industrial site in Riegel in the south of Germany.
Fundraising | May 12, 2021 COIMA to launch three new funds, pour €5b into urban regeneration by Kali Persall Italian real estate investor COIMA is planning to launch three new thematic investment vehicles in the next year and a half.
Transactions | May 12, 2021 Commerz Real acquires office complex in Germany for €60m by Released Commerz Real has acquired a virtually fully leased office complex.
Transactions | May 12, 2021 ECE European Lodging Recovery Fund buys first asset by Andrea Zander The ECE European Lodging Recovery Fund has acquired its first seed asset.
Transactions | May 12, 2021 BlackRock Real Assets invests in Chinese cold-storage fund by Andrea Zander Metcold has confirmed an agreement with BlackRock Real Assets, where funds managed by BlackRock Real Assets will invest in a portfolio of cold-storage facilities in China. The assets are held in Metcold Opportunity Funds I and II.
Transactions | May 12, 2021 Singapore investor acquires logistics park in India by Andrea Zander Xander Group Inc., a Singapore-based alternative investment company, has acquired a 31-acre logistics park in Bagnan.
Fundraising | May 12, 2021 Savills IM raises €95m for new pan-Asian income and growth fund by Kali Persall Savills Investment Management has completed a first closing of its newly-launched Savills IM Asia-Pacific Income and Growth Fund (APACIG).
Investors | May 12, 2021 Hilton expands in Chinese hotel market by Released Hilton and Shimao Group Holdings have signed an agreement to launch four luxury hotels in China.
Investors | May 11, 2021 CEO of Simon Property Group says shopper traffic increases, remains conservative by Andrea Zander An increase in traffic for open-air and suburban shopping centers has been very encouraging, and retail sales continued to approve across Simon Property Group’s portfolio.
Investors | May 11, 2021 Marriott reports $11m net loss in first quarter, pleased to see improved demand by Andrea Zander Marriott’s reported operating income totaled $84 million in first quarter 2021, a significant drop compared to first quarter 2020’s reported operating income of $114 million.
People | May 11, 2021 Virginia’s ACERS appoints first woman as executive director and CIO by Kali Persall The $3 billion Arlington County (Va.) Employees’ Retirement System (ACERS) has appointed Susie Ardeshir as executive director and CIO.
Research | May 11, 2021 Industrial occupancy level increases in first quarter by Andrea Zander In the first quarter, the U.S. industrial sector had its second consecutive quarter of more than 100 million square feet of positive net absorption, according to Transwestern.
