Investors | May 8, 2020 Wyoming State Loan and Investment Board renews RVK’s consulting contract by Kali Persall Wyoming State Loan and Investment Board has rehired RVK as its investment consultant.
Research | May 8, 2020 Listed real estate bounces back in April by Loretta Clodfelter REITs participated in the stock market recovery last month, as the FTSE Nareit Equity REITs Index rose 8.3 percent during April.
Transactions | May 8, 2020 Carmel Partners plans 11-acre mixed-use development in Los Angeles by Andrea Zander Carmel Partners has unveiled its full plans for Cumulus District, an 11-acre mixed-use development in Los Angeles’ Baldwin Hills neighborhood.
Transactions | May 8, 2020 Developers reveal $6b redevelopment plan in Chicago by Andrea Zander A team led by Farpoint Development has plans for a $6 billion redevelopment project for the former Michael Reese Hospital site in Bronzeville, South Side, Chicago, Ill.
Research | May 8, 2020 UBS: Tenants may seek shorter duration leases going forward in post COVID-19 world by Andrea Zander A number of tenants may seek shorter duration leases going forward.
People | May 7, 2020 CalSTRS’ chief operating investment officer Debra Smith to retire this week by Kali Persall Debra Smith, chief operating investment officer (COIO) of the $226 billion California State Teachers’ Retirement System (CalSTRS), will retire after 24 years at the pension fund, effective May 7.
Investors | May 7, 2020 J.P. Morgan Asset Management establishes new logistics JV by Andrea Zander China’s logistics real estate platform, New Ease, headquartered in Shanghai, and J.P. Morgan Asset Management have formed a new industrial joint venture to invest in logistics properties across China.
Research | May 7, 2020 Hotel investors in Asia pivoting towards debt financing as owners look to shore up balance sheets by Released Hotels owners across Asia are seeking greater access to debt financing to bolster cashflows as they face an unprecedented period of historically low occupancy rates, closed borders and severe limitations on air travel due to the ongoing COVID-19 pandemic, according to JLL.
Fundraising | May 7, 2020 Angelo Gordon markets Commercial Real Estate Debt Opportunities Fund III by Kali Persall Angelo, Gordon & Co. has launched a third real estate debt opportunities fund.
Transactions | May 7, 2020 Alibaba Singapore buys stake in $1b tower by Released Alibaba Singapore, part of Alibaba Group Holding, has acquired a 50 percent stake in AXA Tower from Perennial Real Estate Holdings through Perennial Shenton Investors, a Perennial-led entity comprising a consortium of investors.
Transactions | May 7, 2020 Oberoi partners with Cain for European debut by Andrea Zander Cain International, a privately held real estate investment firm operating in Europe and the United States, has signed an agreement with hotel group Oberoi for the operation of 23 serviced residences at 17–22 South Audley Street, in London’s Mayfair.
Transactions | May 7, 2020 M3’s Evergreen sells PBSA platform for $1.4b by Andrea Zander Evergreen, M3 Capital Partners’ principal investment program, has sold its 7,402-bed Urbanest Australia purpose-built student accommodation (PBSA) platform.
Fundraising | May 7, 2020 Rockpoint Growth and Income Fund III hits $2b fundraising target by Kali Persall The Rockpoint Growth and Income III (RGI III), a core-plus, value-add fund managed by Boston-based Rockpoint Group.
Transactions | May 7, 2020 Garbe and Bremer begin construction of Hanau logistics scheme by Released Garbe Industrial Real Estate and Bremer Projektentwicklung have begun construction of a state-of-the-art logistics center in the Hanau Technology Park in Germany.
Fundraising | May 7, 2020 Montgomery Street Partners raises $150m for MSP GP Fund II by Kali Persall IREI has learned that Montgomery Street Partners (MSP) has held a first close of $150 million for its MSP GP Fund II.
Transactions | May 7, 2020 Catella invests €75m in European residential portfolio by Andrea Zander Catella Residential Investment Management (CRIM) and Catella Real Estate AG (CREAG) have acquired two residential real estate developments in Berlin and Madrid.
Transactions | May 7, 2020 South Korean institutional investors acquire German logistics portfolio by Andrea Zander Apeiron Capital, in partnership with Midas International Asset Management, has acquired the 150,000-square-meter (1.7 million-square-foot) “Maple” logistics portfolio in Germany for €200 million ($215 million).
Horizon threats are now here by Alex Frew McMillan Even prior to the coronavirus outbreak that began in Wuhan, China, some market participants viewed China as a potential threat to the long years of relative stability in real estate.
Editors assess the impacts of COVID-19 on real estate by Loretta Clodfelter The spread of the novel coronavirus has destabilized global markets and instigated an economic downturn. In “What now?” in the May 2020 issue of Institutional Real Estate Americas, the editors of Institutional Real Estate, Inc.’s regional publications discussed some of the possible implications of the COVID-19 pandemic for the commercial real estate investment world.
Research | May 7, 2020 Companies look to data in the return to office life by Andrea Zander Workplace data is bringing customized insights into how companies can best keep their employees safe as offices reopen their doors, said JLL.
