Transactions | Aug 23, 2019 Coca-Cola fetches $907m in sale of iconic Fifth Avenue building by Kali Persall The Coca-Cola Company has sold its iconic building in Manhattan to a partnership between Nightingale Properties and Wafra Capital Partners in a $907 million deal, the company announced Aug. 23.
Transactions | Aug 23, 2019 Recent commercial real estate transactions by Lisa Yan Transactions reported this week include the sale of an office building in Charlotte, N.C.
Transactions | Aug 23, 2019 Target Healthcare REIT diversifies portfolio with two care facilities in U.K. by Kali Persall Target Healthcare REIT, a listed specialist investor in modern, purpose-built care homes in the United Kingdom, has purchased two properties, in Yorkshire and West Midlands.
Fundraising | Aug 23, 2019 CBRE Global Investors secures $115m in capital for fifth Asia Value Partners fund by Kali Persall CBRE Global Investors has raised $115 million for its newly launched fund.
Transactions | Aug 23, 2019 Mori Building starts $5.5b real estate project in Tokyo by Andrea Zander Mori Building Co. has started work on a $5 billion real estate project that will include Japan’s tallest building.
Transactions | Aug 23, 2019 Oaktree acquires Spanish developer for €882m by Andrea Zander U.S.-based Oaktree Capital Management has acquired Spanish developer Solvia Desarrollos Inmobiliarios.
Transactions | Aug 23, 2019 Sun Communities acquire $344m manufactured housing portfolio by Released Sun Communities has entered into an agreement to acquire a 31-community manufactured housing portfolio for $343.6 million through a merger of Jensen’s into a subsidiary of the Sun Communities.
Transactions | Aug 23, 2019 Legal & General invests in largest regional pre-let in a decade by Released Legal & General has forward funded its 10th Government Hub in the center of Leeds.
Investors | Aug 23, 2019 Euro zone banks given nine years to cover bad loans backed by real estate by Marek Handzel Euro zone banks with non-performing loans backed by real estate will now be given up to nine years to set aside enough capital to cover their losses.
Research | Aug 23, 2019 Supply stunts U.S. self-storage rent growth by Released High supply levels are slowing rent growth in the U.S. self-storage industry, according to a new report from Yardi Matrix.
Fundraising | Aug 23, 2019 Revcap Advisors holds first close for fifth opportunistic investment vehicle by Kali Persall Revcap Advisors has raised £257 million ($311 million) for its opportunistic European investment vehicle.
Transactions | Aug 23, 2019 $350m Texas project hits the market by Andrea Zander The Union, a new mixed-use development in Dallas, is up for sale, according to a report from the Dallas Morning News.
Research | Aug 23, 2019 Construction trends — lower interest rates, labor shortages by Loretta Clodfelter Falling interest rates may have a positive impact on the construction finance industry, said Jonathan Lee, principal/managing director of George Smith Partners, as banks show more willingness to lend. Lee recently spoke with Loretta Clodfelter, editor of Institutional Real Estate Americas, about the latest construction trends.
Transactions | Aug 22, 2019 Paramount Group invests $900m in San Francisco office assets by Andrea Zander Paramount Group has completed the acquisition of a 44 percent joint venture interest in 55 Second St. in San Francisco.
Transactions | Aug 22, 2019 Blackstone sells Brisbane office for A$524m by Andrea Zander Brisbane, Australia–based Cromwell Property Group has agreed to buy the 400 George St. building in Brisbane.
Fundraising | Aug 22, 2019 Cabot Properties raises £69m for first U.K. Core Plus Industrial Fund by Kali Persall Cabot Properties has raised £69 million ($84.9 million) for its U.K. Core Plus Industrial Fund.
Research | Aug 22, 2019 Proptech market grows in Europe by Andrea Zander There are approximately 2,700 proptech companies to be found throughout Europe, according to data reported by Unissa, a global proptech platform for business.
Fundraising | Aug 22, 2019 PAG Asia looks to raise $2b for seventh opportunistic APAC fund by Kali Persall PAG Asia is seeking $2 billion in capital commitments for its newly launched opportunistic real estate fund.
Investors | Aug 22, 2019 Different returns for two of the world’s largest pension plans by Jennifer Molloy The synchronization of global investment markets is taking a toll on some pension funds, while others are attaining more robust returns in these volatile financial times.
Research | Aug 22, 2019 European real estate investors under pressure to act by Andrea Zander The European real estate industry will remain at the mercy of fiscal policy over the coming months, reported Union Investment.
