Investors | Apr 30, 2020 Merced County Employees invests in Cerberus Real Estate Debt Fund by Kali Persall The Merced County (Calif.) Employees' Retirement Association (MCERA) is backing the Cerberus Real Estate Debt Fund with a $7 million commitment.
Transactions | Apr 30, 2020 New World Development to sell Hong Kong office for $390m by Andrea Zander New World Development has listed for sale a Hong Kong commercial property at an asking price of HK$3 billion ($390 million).
Investors | Apr 30, 2020 West Virginia IMB commits more than $80m to two real estate funds by Kali Persall The West Virginia Investment Management Board (IMB) committed more than $80 million to two real estate funds in the first few months of the year.
Investors | Apr 30, 2020 OP&F makes first real estate commitment of 2020 by Kali Persall The $14.5 billion Ohio Police & Fire Pension Fund (OP&F) has approved its first real estate investment of the year.
Transactions | Apr 30, 2020 Ping An buys portion of West Kowloon project for $1.5b by Andrea Zander Sun Hung Kai Properties (SHKP) and its controlling shareholder, the Kwok family, have sold 30 percent of the office portion of Hong Kong’s most expensive commercial project.
Research | Apr 30, 2020 Investors eyeing Asia Pacific corporate sale-and-leaseback opportunities as owners look to unlock capital by Released A surge in sale-and-leaseback transactions is expected across Asia Pacific in the second half of 2020 as owners look to unlock fixed capital and generate cashflow, according to JLL.
Transactions | Apr 30, 2020 Reef Group secures €173m planning permission for subterranean Cavendish Square project by Andrea Zander Westminster City Council has approved developer Reef Group’s plans to invest over £150 million (€173 million/$188 million) in Cavendish Square.
Transactions | Apr 30, 2020 CIM Group agrees to purchase 40-acre L.A. regional mall by Andrea Zander CIM Group has acquired the 869,000-square-foot Baldwin Hills Crenshaw Plaza, a regional shopping mall situated on more than 40 acres at 3650 West Martin Luther King Boulevard in the Baldwin Hills/Crenshaw market of Los Angeles.
Research | Apr 30, 2020 Houston’s retail sector to be negatively impacted by COVID-19 by Andrea Zander At the end of the first quarter, Houston retail market overall had 5.4 percent vacancy and only 1.7 million square feet under construction, the lowest number we have seen in a few years, reported Colliers International.
Investors | Apr 30, 2020 Paladin Realty Partners JV to develop purpose-built rental apartments in São Paulo, Brazil by Andrea Zander Paladin Realty Partners has created a new programmatic joint venture to develop a portfolio of purpose-built rental apartment properties in São Paulo, Brazil.
Transactions | Apr 30, 2020 SL Green sells retail condo space in Manhattan for $170m by Andrea Zander SL Green Realty Corp. has sold 27,000 square feet of retail condominium space at 609 Fifth Ave. in Manhattan for $170 million, reported Bloomberg.
Transactions | Apr 30, 2020 WPC breaks ground for $163m OZ apartment tower in Maryland by Released Washington Property Co. (WPC) has broken ground for its $163 million Solaire 8200 Dixon.
Why a global portfolio can give investors an edge by Kali Persall As real estate continues to mature as an institutional investment class, an increasing number of investors are expanding the geographical scope of their portfolios.
Research | Apr 29, 2020 Office leasing activity drops in most major APAC markets in April by Andrea Zander Many international commercial occupiers are postponing leasing deals, with uncertainty around global demand, supply chains and cashflow leading to a delay in decisions, according to Knight Frank.
Research | Apr 29, 2020 New global IRR performance index for real estate by Released Industry bodies ANREV, INREV and NCREIF have launched the first Global IRR Index, providing data on the since-inception performance of value-added and opportunity, closed-end, nonlisted real estate funds in Asia Pacific, Europe and the United States.
Fundraising | Apr 29, 2020 Ares Management raises $1.1b for real estate opportunity fund by Kali Persall Ares Management has collected $1.1 billion for its third fund.
Research | Apr 29, 2020 Sacramento sees largest increase in self-storage development activity month-over-month in March by Andrea Zander Yardi Matrix’s latest self-storage forecasts show deliveries dropping by roughly 40 percent over the next five years.
Investors | Apr 29, 2020 Connecticut Retirement Plans and Trust Funds considers $150m investment in Rockpoint Real Estate Fund VI by Kali Persall The $37 billion Connecticut Retirement Plans and Trust Funds (CRPTF) is considering a $150 million investment in AN opportunistic fund managed by Rockpoint Group.
Transactions | Apr 29, 2020 Blackstone acquires stake in Australian resort group Crown Resorts by Andrea Zander Blackstone Group has acquired a 9.99 percent stake in Australian casino operator Crown Resorts from Hong Kong–based Melco Resorts and Entertainment.
Investors | Apr 29, 2020 New Mexico SIC earmarks $75m for Bell Partners’ apartment fund by Kali Persall The New Mexico State Investment Council (SIC) has approved a commitment of up to $75 million to a fund managed by Bell Partners.
