Fundraising | Nov 4, 2020 Fairfield Residential closes $308m JV vehicle by Andrea Zander Fairfield Residential has held the final close of Fairfield U.S. Multifamily Core Plus Joint Venture, with aggregate equity commitments of $307.7 million.
Transactions | Nov 4, 2020 SROA Capital buys 16-property storage portfolio by Released Michigan-based Storage Pros Management has sold a 16-property New England self-storage portfolio.
Transactions | Nov 4, 2020 ICP purchases 377-acre former amusement park in Northeast Ohio for mixed-use redevelopment by Andrea Zander Industrial Commercial Properties (ICP) has purchased a 377-acre tract that formerly housed the Geauga Lake Amusement Park and Sea World Ohio.
People | Nov 4, 2020 U.K. pension pools appoints first head of real estate by Released Border to Coast Pensions Partnership (Border to Coast), one of the largest public sector pension pools in the United Kingdom, has announced the appointment of Tim Sankey as its first head of real estate.
People | Nov 4, 2020 Ng Kee Choe to retire as chairman of CapitaLand by Released Ng Kee Choe will retire as chairman and director of CapitaLand at the conclusion of its next annual general meeting (AGM) scheduled for April 2021.
Research | Nov 4, 2020 Asia Pacific transaction volume increases in Q3 by Released Asia Pacific commercial real estate investment volume rose by 44 percent quarter-over-quarter to $26 billion in the third quarter 2020.
Research | Nov 4, 2020 Surging online grocery sales turns cold storage into hot asset class by Mike Consol Investors have fixed a cold eye upon a niche segment of the warehousing sector. Specifically, cold storage, where demand has been increasing as online grocery sales have been booming in the throes of the coronavirus pandemic.
Investors | Nov 4, 2020 M7 commences new Portuguese industrial and office JV by Released M7 Real Estate has acquired 10 industrial and office assets in Portugal.
Investors | Nov 4, 2020 ESR India to invest $576m to build 11 industrial parks by Andrea Zander Warburg Pincus–backed logistics real estate firm ESR India has signed an agreement with the Maharashtra state government.
Transactions | Nov 4, 2020 SL Green Realty Corp. sells Manhattan office for $952m by Andrea Zander SL Green Realty Corp. has entered into a contract to sell 410 Tenth Avenue.
Transactions | Nov 4, 2020 W.P. Carey acquires €87m Spanish retail portfolio by Released W.P. Carey has invested €87 million ($102 million) in a 27-property supermarket portfolio located in Northern Spain and the Balearic Islands.
Transactions | Nov 4, 2020 Korean investor buys San Jose office from DivcoWest by Andrea Zander DivcoWest has sold Tasman at North First.
Investors | Nov 4, 2020 Ohio School Employees commits $100m to noncore real estate by Kali Persall The $14.5 billion School Employees Retirement System (SERS) of Ohio has approved a $100 million commitment to a noncore real estate strategy.
Transactions | Nov 4, 2020 Freedom West Homes approves $2b revitalization plan by Released A partnership between MacFarlane Partners and Avanath Capital Management secured an approval from Freedom West Homes Corp.’s co-op members on a $2 billion plan to revitalize the 1973-era housing complex in San Francisco’s Fillmore District.
Investors | Nov 4, 2020 Denmark’s PFA Pension sees upswing in investment returns as of third quarter by Kali Persall PFA Pension, Denmark’s largest pension fund, has generated a positive return of DKK 11.6 billion ($1.8 billion), following a turbulent start to the year.
Transactions | Nov 4, 2020 Avanath Capital Management enters Boston market by Released Avanath Capital Management has acquired Morton Village.
Research | Nov 4, 2020 Dollar General bucks the retail trend with ‘popshelf’ launch by Jonathan Hipp, Avison Young Dollar General is shaking up the dollar store vertical and going upscale — at least as upscale as $5 will get you. The focus of the shake-up is “popshelf,” a spin-off brand said to target well-to-do suburbanites by offering home goods and toys for five dollars or less.
Transactions | Nov 3, 2020 Nuveen Global purchases six warehouses for $272m by Andrea Zander Nuveen Global Investments has purchased six warehouses totaling 3.5 million square feet for $272 million.
Investors | Nov 3, 2020 The Related Group to invest $500m in Phoenix market by Andrea Zander The Related Group has plans to invest $500 million into the Phoenix market, marking its entry in the region.
Transactions | Nov 3, 2020 Griffin Capital Essential Asset REIT and Cole Office & Industrial REIT to merge by Released Griffin Capital Essential Asset REIT (GCEAR) and Cole Office & Industrial REIT (CCIT II) have entered into a definitive merger agreement.
