Transactions | Aug 1, 2019 Invesco sells SoHo building for $206m by Andrea Zander A venture led by Madison Capital has paid $206 million for the 88,000-square-foot office building in Manhattan.
Transactions | Aug 1, 2019 Invesco-led venture pays $1.2b for Manhattan apartment properties by Andrea Zander A venture of Invesco Real Estate and L+L Development Partners has agreed to purchase and preserve five former Mitchell-Lama developments in Manhattan from Urban American and Brookfield Asset Management.
Transactions | Aug 1, 2019 Goldman Sachs Partners buys $600m portfolio, plans fund launch by Andrea Zander Student housing developer and operator Core Spaces has formed a partnership with Goldman Sachs to recapitalize and develop a portfolio of nine properties valued at more than $600 million.
People | Aug 1, 2019 Generali Real Estate appoints head of central northern Europe region by Released Generali Real Estate S.p.A. has appointed Lukas Jeckel as the head of central northern Europe region, comprising Germany, Austria and Switzerland.
Research | Aug 1, 2019 Prologis: Industrial vacancy to stay near historic lows by Andrea Zander Despite the boon by U.S. logistics real estate developers, who have used that time to bring new supply online in markets with lower barriers to entry in the last 10-plus years, the supply is behind demand in aggregate, with vacancies holding at 4.5 percent, according to Prologis’ proprietary Industrial Business IndicatorTM.
Transactions | Aug 1, 2019 Bleutech REIT to build first digital infrastructure city in Las Vegas by Andrea Zander Bleutech Park Las Vegas will break ground in the Las Vegas Valley in December of this year as the first city in the world to boast a digital revolution in motion, redefining the infrastructure industry sector.
Transactions | Aug 1, 2019 Henderson Park wins bid to purchase first Irish REIT by Kali Persall Henderson Park has been selected as the preferred bidder to purchase the €1.3 billion ($1.5 billion) Green REIT, the first REIT in Ireland, listed in 2013.
Investors | Jul 31, 2019 Fed lowers target rate by 25bps by Loretta Clodfelter The Federal Open Market Committee has decided to lower the target federal funds rate by 25 basis points to a range of 2.0–2.25 percent following its meeting July 30–31. This was the first cut in rates since the global financial crisis.
Research | Jul 31, 2019 Birmingham, U.K., second quarter reports strongest office leasing level since 2015 by Andrea Zander Second quarter 2019 office take-up in central Birmingham, United Kingdom, saw an incredible increase of 65 percent on first quarter office leasing levels, totaling 320,595 square feet in 30 deals, according to Colliers International.
Fundraising | Jul 31, 2019 CrossHarbor Capital Partners raises $630m for institutional partners 2018 fund by Kali Persall Boston-based alternative investment firm CrossHarbor Capital Partners has closed on $630 million in capital commitments for its fund.
Transactions | Jul 31, 2019 MAPFRE, Swiss Life form JV fund to acquire €300m office portfolio by Andrea Zander The MAPFRE and Swiss Life joint real estate investment fund has acquired nine buildings in Paris for €300 million ($334 million).
Fundraising | Jul 31, 2019 PGIM Real Estate raises €304m for new Eurocore fund by Kali Persall PGIM Real Estate has raised €304 million ($338 million) in capital commitments for its newly-launched fund.
Research | Jul 31, 2019 Real estate transaction volumes in Asia Pacific hit record $86b by Andrea Zander Real estate transaction volumes in Asia Pacific has hit $86 billion in the first half of 2019, according to JLL.
Transactions | Jul 31, 2019 Trei Real Estate enters Polish residential development business by Kali Persall Trei Real Estate, a property developer and real estate venture of the Tengelmann Group, has entered the Polish housing development business, the company announced on July 30.
Transactions | Jul 31, 2019 Levi’s Plaza in San Francisco sells for more than $800m by Andrea Zander Levi’s Plaza in San Francisco, the headquarters of Levi Strauss & Co., has been sold to Jamestown.
Fundraising | Jul 31, 2019 Related Cos. launches new real estate fund by Kali Persall New York–based Related Cos.s has launched a new closed-end real estate equity fund, the Related Real Estate Fund III.
Transactions | Jul 31, 2019 Principal Real Estate acquires German shopping mall by Kali Persall Principal Real Estate Europe (PrinREE) has purchased a German shopping mall on behalf of the SCPI Novapierre Aallemagne Fund managed by PAREF Gestion, a property management company in Paris.
Research | Jul 31, 2019 Market headwinds hit Asian leasing activity and investment sentiment by Andrea Zander Commercial real estate investment volume in Asia increased by 4.1 percent quarter-over-quarter to $28.6 billion in the second quarter 2019, but market sentiment continued to be negatively impacted by a range of factors including the U.S-China trade conflict; sociopolitical unrest in several Asian markets; and mounting global economic uncertainty, reported CBRE.
Transactions | Jul 31, 2019 New firm makes first acquisition by Andrea Zander Ares Management Corporation and London-based real estate group Black Mountain Partners has acquired 68 King William Street, London EC4.
Transactions | Jul 31, 2019 Bentall Kennedy to sell San Francisco office for $330m by Andrea Zander ARK, the global real estate investment and management platform of WeWork, is in talks to acquiring 600 California St., a 20-story, class A office building in San Francisco.
