Research | Mar 8, 2021 REITs rise 4% in February, led by retail, hotels by Loretta Clodfelter U.S. REITs rose 4.0 percent in February, according to the FTSE Nareit Equity REITs Index, led by gains in the beaten-down hotel and retail segments. By comparison, the S&P 500 Index rose 2.6 percent in February.
Transactions | Mar 8, 2021 Chancerygate announces €187m of urban logistics space across nine sites by Released Chancerygate has announced it has committed to starting the development of nine sites.
The industrial sector: Pre- and post-pandemic by Denise DeChaine “So, pre-pandemic, we just felt like a surfer that had a good surf out there in point break and we went out there and were riding a nice break and everything was going good,” says James Lambert, senior managing director of industrial investments at Elion Partners (previously with Amazon) in part one of a series of discussions with Juan DeAngulo, managing partner at Elion Partners. “In 2015, really starting in 2012, Amazon led the entire industrial real estate sector.”
Research | Mar 5, 2021 Home prices in cities rise 16 percent, surpassing suburban and rural price growth for first time since before pandemic by Released The median home-sale price in urban areas nationwide rose 15.9 percent year-over-year to $292,263 in the four weeks ending February 21.
Investors | Mar 5, 2021 Fairfax County commits $43m to Carlyle Property Investors by Kali Persall Fairfax County (Va.) Educational Employees' Supplementary Retirement System has committed $43 million to an open-end core-plus real estate fund managed by The Carlyle Group.
Research | Mar 5, 2021 Easing restrictions push employment up by 379,000 jobs in February by Loretta Clodfelter With the easing of lockdown restrictions in February, the United States added 379,000 jobs, with most of the gains in leisure and hospitality.
Investors | Mar 5, 2021 City of Pontiac backs TerraCap Partners V by Kali Persall The $567 million City of Pontiac (Mich.) General Employees Retirement has approved a $5 million commitment to a value-add real estate fund managed by TerraCap Partners.
Transactions | Mar 5, 2021 The Georgetown Co. to develop life sciences hub in Manhattan by Released The Georgetown Co., a developer and owner of commercial, retail and mixed-use properties throughout the United States, is planning to create a life sciences hub at 787 11th Ave. on Manhattan’s Far West Side.
Research | Mar 5, 2021 Mid-Counties attract attention from developers for last-mile infill locations by Andrea Zander Sales and leasing activity totaled 3.87 million square feet in Mid-Counties of Southern California during the fourth quarter 2020, which is more than double the five-year quarterly average.
Transactions | Mar 5, 2021 CBRE Global Investors acquires Italian logistics property by Released CBRE Global Investors has acquired Anzola, a 36,246-square-meter (390,150-square-foot) fully leased logistics asset in Bologna, Italy.
Transactions | Mar 5, 2021 Ivanhoe Cambridge and PLP invest in Milton Keynes logistics project by Released Ivanhoe Cambridge and PLP have acquired a new 135-acre logistics project.
Fundraising | Mar 5, 2021 BentallGreenOak closes Europe Secured Lending Fund II at €869m by Kali Persall BentallGreenOak has completed a final close of its GreenOak Europe Secured Lending Fund II with €869 million ($1 billion) in capital commitments, exceeding its fundraising target of €800 million ($962 million).
Investors | Mar 5, 2021 U.K. freeports and tax cuts may help further boost logistics sector by Marek Handzel The U.K. government has announced the creation of eight new “freeport” locations in the UK and allowed businesses to offset 130 percent of their spending on plant and machinery against their profit margins in a so-called “super-deduction” tax cut.
Investors | Mar 5, 2021 ElmTree CEO says net-lease investors to continue to deploy into industrial sector by Andrea Zander James Koman, CEO and founder of ElmTree, recently discussed in-depth the firm’s insights for the industrial sector for 2021, after deploying more than $1.5 billion in 2021 into a variety of industrial net-lease build-to-suit assets leased to investment-grade tenants located across the United States.
Fundraising | Mar 4, 2021 Boustead Projects launches industrial fund, seeds it with 14 properties by Kali Persall Singapore-based Boustead Projects has set up a new industrial fund and has seeded the vehicle with interests in14 properties.
People | Mar 4, 2021 Deborah Shufrin to lead investments at $1b endowment by Kali Persall Deborah Shufrin has been appointed CIO at Colby College and will be responsible for its $1 billion investment portfolio.
Fundraising | Mar 4, 2021 Hillpointe closes second workforce-housing fund above target by Kali Persall Hillpointe has closed its Workforce Housing Partnership II at $110 million.
Research | Mar 4, 2021 Hamilton Zanze and CBRE release report on benefits of 1031-exchange tax policy by Released San Francisco–based real estate firm Hamilton Zanze, in partnership with the CBRE Strategic Investment Consulting group, is releasing a report today titled, 1031 Exchanges & the Public Interest: 10 Benefits for the Economy, Communities, and the U.S. Treasury.
Transactions | Mar 4, 2021 CIM Group sells Uptown Station in Oakland by Andrea Zander CIM Group has announced the sale of the iconic Uptown Station building located at 1955 Broadway in Oakland, Calif.
