Transactions | Mar 25, 2020 Kaiser Permanente cancels plans for $900m Oakland HQ by Andrea Zander Kaiser Permanente announced that it is pulling out of its $900 million plan for a new headquarters complex in Oakland.
Research | Mar 25, 2020 Universal green lease clauses in place by the end of the decade by Marek Handzel Green lease clauses will be universally implemented in the real estate industry before the end of this decade, according to a new report published by Savills Investment Management.
Investors | Mar 25, 2020 Texas County & District Retirement System backs Cerberus Real Estate Debt Fund by Kali Persall Texas County & District Retirement System (TCDRS) has committed $150 million to a fund managed by Cerberus Capital Management.
Transactions | Mar 25, 2020 Boston tower sells for more than $600m by Andrea Zander Institutional investors advised by J.P. Morgan Asset Management and Oxford Properties Group have sold the leasehold interest in 60 State St. in Downtown Boston.
Research | Mar 25, 2020 Study says European data center market will see $71b expansion by 2024 by Kali Persall The European data center market is poised to grow by $70.95 billion by 2024, according to a new study listed on ReportLinker.
Transactions | Mar 25, 2020 Public Storage buys 3,596 self-storage units in NYC and Boston by Released An affiliate of Public Storage purchased a portfolio of three class A self-storage properties totaling 3,596 units in the greater New York City and Boston areas.
Research | Mar 25, 2020 From niche segment to global business: the U.S. net-lease sector is blooming by Kali Persall The net-lease property sector saw a notable spike in investment volume last year, catching the eye of both global and domestic investors, according to CBRE.
Fundraising | Mar 24, 2020 Elite Partners Capital completes first round of fundraising for logistics fund by Kali Persall Singapore-based alternative investment asset management company Elite Partners Capital has completed its first round of fundraising for its Elite Logistics Fund.
People | Mar 24, 2020 Richard Cohen, MD of GTIS, passes away by Andrea Zander Richard Cohen, a managing director at GTIS Partners, has passed away.
Transactions | Mar 24, 2020 Community Preservation Partners completes $420m affordable housing project by Released Community Preservation Partners has completed its renovation of the 700-unit El Rancho Verde multifamily community in San Jose.
Investors | Mar 24, 2020 Tokyo’s Olympic dreams put on hold by Jennifer Molloy The Olympic Games are viewed the world over as a symbol of unity, a coming together of nations. Now, though, as more governments tell their citizens to stay at home to help prevent further spread of the novel coronavirus disease COVID-19, there is still such a sense of disbelief at how long this pandemic outbreak will last, given the staggered and varied levels of response to this global health crisis from world nations.
Investors | Mar 24, 2020 Parliament pension fund drops some fossil fuel companies, but not all by Kali Persall The £733 million ($849 million) Parliament Contributory Pension Fund (PCPF), a retirement system for members of Parliament (MPs) in the United Kingdom, has cut down its exposure to fossil fuel companies and shifted toward renewable investments.
Transactions | Mar 24, 2020 Blackstone acquires two industrial buildings in Southern California for $83m by Andrea Zander Blackstone has acquired two adjoining buildings in Van Nuys, Calif., for $83 million total, reported The Real Deal.
Research | Mar 24, 2020 In Netherlands, retail, hotels and co-working offices expected to feel heaviest impacts from coronavirus pandemic by Andrea Zander The heaviest blows from the economic slowdown in the Dutch real estate industry are likely to fall on sectors most dependent on discretionary consumer spending, including retail — outside of basic daily necessities — hotels and restaurants, as well as those where short-term leases are prevalent, particularly co-working offices, the latest research from Amsterdam-based investment manager Bouwinvest concludes.
Transactions | Mar 24, 2020 Moorfield and Highbridge sell U.K. office for €27m by Released Moorfield, the U.K. real estate private equity fund manager acting on behalf of Moorfield Real Estate Fund IV (MREF IV), and Highbridge Properties, a commercial developer, have completed the sale of the Zeta building.
Transactions | Mar 24, 2020 Namhawk to develop $300m Carrollton Gateway mixed-use project in Dallas metro by Andrea Zander Texas-based developer Namhawk has plans to develop Carrollton Gateway, a $300 million mixed-use project that will be located adjacent to Interstate 35 in the northern Dallas suburb of Carrollton, Texas.
Transactions | Mar 24, 2020 LACERA sells Rhode Island shopping center for $181m by Kali Persall The Los Angeles County Employees Retirement Association (LACERA) has sold a 530,629-square-foot shopping center in Cranston, R.I.
Transactions | Mar 24, 2020 CalSTRS receives $992m in financing for 17-property national portfolio by Released The $243 billion California State Teachers' Retirement System and its adviser, PCCP, have received $991.77 million in financing for a geographically diverse, 17-property portfolio totaling more than 7 million square feet across major U.S. markets.
Property investment in Asia Pacific and where placement agents fit by Jennifer Molloy Even in the era of the mega-fund, institutional real estate investors have evolving investment needs where placement agents can play a unique role.
Investors | Mar 23, 2020 Oregon Investment Council terminates retail REIT portfolio by Kali Persall The Oregon Investment Council (OIC), which manages the $79.1 billion Oregon Public Employees Retirement Fund, has dissolved a REIT portfolio managed by Cohen & Steers.
