Research | Jul 24, 2020 REIT industry rent collection shows continued improvement in July by Released Re-openings in many parts of the country beginning in May continue to have a positive economic impact on REIT rent collection, NAREIT found in its fourth monthly survey of REIT rent collections.
Transactions | Jul 24, 2020 CBRE Caledon expands digital real assets portfolio with investment in 12 vantage data centers stabilized assets by Released CBRE Caledon Capital Management has acquired a significant minority stake in a newly formed platform that contains 12 North American stabilized operating assets of Vantage Data Centers, a leading global provider of hyperscale data center campuses.
Transactions | Jul 24, 2020 RD Management breaks ground on 100-acre project in Florida by Released RD Management has broken ground on the first of several office building projects planned for its recently renamed, Rithm at Uptown in Tampa, Fla.
Transactions | Jul 24, 2020 Hampshire Pension Fund buys London office asset from Canada Life by Andrea Zander Canada Life Investments has sold the Superunion building in Farringdon, London, for £29.6 million (€32.5 million/$37.8 million).
Transactions | Jul 23, 2020 Keppel expands into the fast-growing data center market in China by Released Alpha Data Centre Fund (Alpha DC Fund), through its wholly-owned subsidiary, has entered into an agreement to acquire 100 percent shareholding interest in Huizhou Bike Property Co. (Huizhou Bike), which is a fully-owned subsidiary of Country Garden Holdings Co.
Research | Jul 23, 2020 Majority of Asia Pacific employees eyeing office return by Released Employees across Asia Pacific have adapted to extensive work from home arrangements, but most are eager to return to the office.
Transactions | Jul 23, 2020 Fragrance Group places $514m Singapore office tower on the market by Andrea Zander Singapore-based property developer Fragrance Group has plans to sell its 29-story office tower near the Raffles Place central business district.
Fundraising | Jul 23, 2020 Kayne Anderson seeks $2b for sixth Partners real estate fund by Kali Persall Kayne Anderson Capital Advisors is targeting $2 billion for its newly launched fund.
Investors | Jul 23, 2020 New Hampshire Retirement System earmarks $100m for private real estate in FY2021 by Kali Persall New Hampshire Retirement System (NHRS) is planning $100 million in real estate investments in fiscal year 2021, IREI has learned.
Investors | Jul 23, 2020 Amid pandemic, Fed support maintains liquidity in real estate capital markets by Loretta Clodfelter The COVID-19 pandemic has brought widespread economic disruption and introduced uncertainty in the real estate capital markets over the past several months, similar to most other industries.
Fundraising | Jul 23, 2020 Schroders’ debut hotel fund closes in on fundraising target by Kali Persall Schroders has raised €425 million ($491 million) in equity commitments to date for its debut hotel fund.
Transactions | Jul 23, 2020 Marriott continues to strengthen presence in Asia Pacific by Andrea Zander Marriott International has opened JW Marriott Nara in Japan. Notably, the 158-room hotel marks the opening of the first JW Marriott brand property in Japan.
Transactions | Jul 23, 2020 Singapore office building on the block for $252m by Andrea Zander Financially troubled Pacific International Lines, one of Singapore’s largest container shipping companies, has plans to put its office building near the city’s Raffles Place central business district.
Fundraising | Jul 23, 2020 LEM Capital exceeds fundraising target for value-add multifamily fund by Kali Persall LEM Capital (LEM) has raised $330.8 million for its fifth fund, targeting investments in class-B value-add multifamily properties in primary and secondary suburban markets across the United States.
Investors | Jul 23, 2020 Rhode Island pension fund logs highest asset value ever, despite COVID-19 by Kali Persall The Employees’ Retirement System of Rhode Island has finished the fiscal year ending June 30 with $8.46 billion in assets under management, a higher value than any previous fiscal year close in the state’s history.
Research | Jul 23, 2020 Retail-to-industrial property conversions accelerate in U.S. by Andrea Zander Retail-to-industrial property conversions are accelerating across the United States, driven by the growth of e-commerce.
Research | Jul 23, 2020 U.K. second-quarter rental collections held up by Andrea Zander Several thousand U.K. tenants show that despite gloomy predictions, second-quarter rental collections held up well in many sectors compared with March, according to Cushman & Wakefield.
Transactions | Jul 23, 2020 Inland Homes signs €54.4m residential deal with B3Living by Released Inland Homes has exchanged unconditional contracts via its joint venture, Cheshunt Lakeside Developments Limited, to sell Phase 1a at its Cheshunt Lakeside project in Hertfordshire, England, to a local housing association, B3Living, for €16.6 million ($19.21 million).
The outlook across the COVID-19 economic chasm by Timothy Bellman Who was to know at about the same time a novel coronavirus was emerging nearby that would make the city of Wuhan known throughout the world?
Research | Jul 22, 2020 Charlotte tops STEM job market by Released RCLCO Real Estate Advisors has announced the metro areas of Charlotte, Austin, Denver, Seattle and Raleigh top their 2020 STEM Job Growth Index (STEMdex), published annually in partnership with office investment management firm CapRidge Partners.
