Newsline

Slate Asset Management has appointed Neil Kaufman as chief administrative officer (CAO), based in the firm’s New York office.

Norges Bank Investment Management has agreed to acquire a 95 percent interest in an office property located at 1177 Avenue of the Americas in New York City in a new joint venture with Beacon Capital Partners.

CTP N.V., one of the European Union’s largest listed owner-developer-operators of industrial and logistics real estate by gross lettable area, refers to recent market rumors in relation to a potential market entry in Vietnam.

PATRIZIA, an investment manager in real assets, and Fabrix, a London-based real estate developer, have launched a joint venture, Sustainable Communities London (SC London), with more than £100 million ($114 million) of investment firepower to tackle the capital’s acute housing shortages. 

Moorfield Group has, on behalf of Moorfield Real Estate Fund V (MREFV), entered a joint venture with Greater Manchester Pension Fund (GMPF) to develop, own and operate Podium, a 440-home build-to-rent (BTR) asset in Trafford, Greater Manchester, England. 

AXA IM Alts has entered into an agreement to acquire a prime fringe-CBD development site at Adderley Street, Melbourne.

Knight Frank has appointed Dan Dixon as head of capital markets, Asia Pacific.

U.S. investors are leaning into domestic opportunities at a time when foreign capital is retreating, according to Elizabeth Bell, co-head of real estate at Hamilton Lane, in a recent interview with IREI. The pullback from international players is largely driven by policy, tax and macroeconomic uncertainties rather than concerns about U.S. real estate fundamentals. Bell sees this period of volatility reshaping the competitive landscape in favor of investors and managers with strong on-the-ground capabilities and the scale to execute with precision.

Invesco Real Estate (IRE) and Fokus Nordic, a Nordic real estate investment firm, have formed a new partnership to invest in high-quality residential properties across key urban markets in Finland for the first time.

ActivumSG has launched a new purpose-built student accommodation (PBSA) platform targeting more than £500 million ($668 million) GAV.

Stagflation is a rare and challenging economic condition where prices rise, the economy weakens, and unemployment increases, according to Bain Capital in its recent report, which draws parallels between today’s environment and the 1970s.

In today’s complex real estate environment, even advanced AI tools can fall short without a strong operating framework, writes Mike Harrison, NTrust CSO, in part two of the firm’s five-part series.

Ryan Severino, in BGO’s The Chief Economist, highlighted the market’s euphoric reaction to Federal Reserve chair Jerome Powell’s recent Jackson Hole speech, which signaled a shift in risk assessment toward supporting the labor market over controlling inflation.

Following a period of heightened macro uncertainty, bidder dynamics now appear to be stabilizing heading into the third quarter, and the depth of capital targeting commercial real estate continues to grow.

The Los Angeles County Employees Retirement Association (LACERA) has committed $250 million to two real estate funds, CBRE Asia Value Partners VII and Whitman Peterson Fund V.  

The Stanislaus County (Calif.) Employees’ Retirement System (StanCERA) has committed $36.8 million to two real estate funds, including Graceada Partners Fund IV and PIMCO European Data Center Opportunity Fund, according to meeting materials on Aug. 26.

Hammes Partners has announced the closing of $445 million in equity for its core-plus healthcare real estate platform.

What if the office had the social aspect of a private club and the hospitality of a luxury hotel? That is one strategy Paramount Group is exploring, according to a Q&A with Albert Behler, Paramount Group’s chairman, CEO and president, titled “Class A office” and published in the October issue of Institutional Real Estate Asia Pacific.

Thriving necessity-retail properties are in locations supported by favorable demographic trends, have the ability to attract top-notch tenants and demonstrate sustainable traffic patterns due to market dominance, according to a report titled, “U.S. retail in the age of convenience culture,” by Ana Leon, director of retail research, Americas, Nuveen Real Estate, which was published in the October issue of Institutional Real Estate Americas.

“Every day we hold an investment, it’s like we’re buying it again,” explains Jeffrey Reder, managing director, private equity real estate, with CenterSquare Investment Management in an interview, “Disciplined strategy decisions in value-add investing: How CenterSquare’s value-add fund series continues to deliver strong performance,” which was published in the October issue of Institutional Real Estate Americas.