Transactions | Jun 3, 2020 CIG Capital announces new $125m lending project for The Villages at West Point by Released CIG Capital has announced a new $125 million lending project for The Villages at West Point, an upscale and affordable 624-unit destination-location development in West Point, Ga.
Investors | Jun 2, 2020 Tennessee trust fund invests in Stonelake’s latest opportunistic real estate fund by Kali Persall IREI has learned that the Metropolitan Government of Nashville and Davidson County (Tenn.) Employee Benefit Trust Fund has committed up to $20 million to Stonelake Opportunity Partners VI.
Fundraising | Jun 2, 2020 Kayne Anderson debt fund exceeds $1b target by Kali Persall Kayne Anderson Real Estate has completed fundraising for its most recent debt fund.
Research | Jun 2, 2020 COVID-19 fallout to cost U.S. economy $7.9t over next decade by Andrea Zander Fallout from the COVID-19 pandemic will shrink the size of the U.S. economy by $7.9 trillion over the next decade, according to new projections released by the Congressional Budget Office (CBO).
Transactions | Jun 2, 2020 Greystar acquires property management business of Alliance Residential by Andrea Zander Greystar Real Estate Partners has acquired the property management business of Alliance Residential Co.
Transactions | Jun 2, 2020 PATRIZIA sells German DIY portfolio for €96m by Released PATRIZIA AG has sold a portfolio of seven retail properties in Germany to Captiva, a German real estate investment company, for €96 million ($107 million).
People | Jun 2, 2020 Matt Whitby named a principal of Sumner Capital by Jennifer Molloy Matt Whitby has joined Sumner Capital as a principal of the business, partnering with the long-term owner and other principal Kirby Parsonage.
Investors | Jun 2, 2020 Swiss Life Asset Managers plans new investment solution for European industrial and logistics real estate by Andrea Zander wiss Life Asset Managers has plans for a new investment solution for European industrial and logistics real estate. The aim is to achieve a target volume of around €1 billion ($1.1 billion).
Investors | Jun 2, 2020 Hammerson flagship destinations in England to re-open by Released Hammerson has announced that its flagship destinations in England are to reopen from June 15, in line with the latest guidance from the U.K. government.
Investors | Jun 2, 2020 Kimco Realty explores opportunity to sponsor a separate investment vehicle by Released Kimco Realty Corp. is exploring the opportunity to sponsor a separate investment vehicle.
Investors | Jun 1, 2020 IMRF joins number of U.S. pension funds in backing AEW IX by Kali Persall At its May 28 investment committee meeting, Illinois Municipal Retirement Fund (IMRF) approved a commitment of up to $50 million to an opportunistic fund managed by AEW Capital Management.
Transactions | Jun 1, 2020 Armada Hoffler Properties completes $90m retail portfolio sale by Released Armada Hoffler Properties has completed the sale of a portfolio of retail assets to an institutional buyer for $90 million.
Transactions | Jun 1, 2020 Transwestern acquires industrial center in Atlanta by Released Transwestern Investment Group has acquired Bohannon Logistics Center, a 238,533-square-foot industrial building at 5002 Bohannon Road in Fairburn, Ga. The newly constructed property was completed in early 2020.
Transactions | Jun 1, 2020 Shanghai office project sells for $680m by Andrea Zander Shanghai Bank Co. and Zhongmin Bund Real Estate Development Co. have signed a purchase agreement for the T2 office building project of the Greenland Bund Center, Shanghai.
People | Jun 1, 2020 Citco hires former CBRE, BlackRock executive by Released The Citco Group of Companies has appointed Connie Tirondola as executive vice president and head of real assets in North America at Citco Fund Services (USA) Inc.
Transactions | Jun 1, 2020 URW sells French retail portfolio by Released Unibail-Rodamco–Westfield (URW) has successfully completed the disposal of a portfolio of five shopping centers in France.
Transactions | Jun 1, 2020 Klépierre reopens its French shopping centers by Andrea Zander Klépierre has reopened all its French shopping centers.
Transactions | Jun 1, 2020 Capco to acquire stake in Shaftesbury by Andrea Zander Capital & Counties Properties (Capco) has agreed to buy a 26.3 percent stake in London rival Shaftesbury from Hong Kong tycoon Samuel Tak Lee’s Veloqx, a discretionary trust fund, for £436 million pounds (€487 million/$540.7 million).
People | Jun 1, 2020 M7 Real Estate expands into Spain and appoints Alvaro Arteaga Biforcos as managing director by Released M7 Real Estate has expanded into Spain, opening its first office in Madrid and appointing Alvaro Arteaga Biforcos as managing director, Spain. The opening expands M7’s network to 16 offices operating across 14 countries in Europe.
Research | Jun 1, 2020 Asia Pacific: Retailers to focus on increasing online sales by Andrea Zander About 38 percent of retailers plan to focus on increasing their online sales capacity over the remainder of 2020, according to CBRE in its Asia Pacific Retail Flash Survey – 2020, which surveyed 180 retail clients between April 28 and May 21, 2020.
