Investors | Mar 29, 2019 Lightstone launches opportunity zone platform by Released National real estate investor and developer Lightstone has formed a partnership with wealth management consulting firm The PKS Group.
People | Mar 29, 2019 CIM Commercial Trust appoints new CEO by Released CIM Commercial Trust Corp. has appointed David Thompson as its CEO and Nathan DeBacker as its CFO at the recommendation of CIM Commercial Trust’s operator, CIM Group.
Transactions | Mar 28, 2019 SL Green announces sale of 521 Fifth Avenue for $381m by Released A joint venture between SL Green Realty Corp. and an institutional investment partner, entered into an agreement to sell 521 Fifth Avenue to Savanna.
Transactions | Mar 28, 2019 Walton Street Capital JV sells hotel portfolio, totaling €600m in sales price by Andrea Zander U.K.-based Benson Elliot and U.S.-based Walton Street Capital, in partnership with Schroders, have sold its last hotel, the five-star Sheraton Warsaw with 350 rooms to Patron Capital.
Fundraising | Mar 28, 2019 PGIM raises $256m for sixth senior housing fund by Jody Barhanovich PGIM Real Estate, the real estate arm of PGIM, has raised $256 million in equity as of March 26 for its senior housing real estate fund.
Transactions | Mar 28, 2019 Hines makes first office purchase in Greece by Released Hines, the international real estate firm, has acquired one of the most prestigious office buildings in the center of Athens.
People | Mar 28, 2019 AMP Capital announces key appointment in real estate debt by Released AMP Capital has appointed Rebecca Smith as head of real estate debt, Australia.
People | Mar 28, 2019 CAPREIT names new CEO by Released Canadian Apartment Properties REIT (CAPREIT) has appointed Mark Kenney as CEO and as a member of CAPREIT’s board of trustees.
Research | Mar 28, 2019 China retail: Hong Kong’s January retail sales value higher than market expectations by Andrea Zander Hong Kong’s retail sales value surged by 7.1 percent year-over-year to HK$48.1 million ($6.13 million) in January, higher than market expectations, according to Knight Frank’s March Hong Kong Monthly report.
Investors | Mar 28, 2019 Plymouth County (Mass.) seeks noncore real estate manager by Jody Barhanovich The Plymouth County (Mass.) Retirement Association is seeking proposals from managers of a closed-end, noncore real estate strategy.
Transactions | Mar 28, 2019 Partners Group–led consortium to acquire Beijing’s Dinghao Plaza by Andrea Zander Partners Group has acquired a majority equity stake in Dinghao Plaza, a large mixed-use office and retail complex in Beijing, on behalf of its clients.
Fundraising | Mar 28, 2019 AEW raises €750m for pan-European logistics and brings total equity to €2.3b by Jody Barhanovich AEW has raised an additional €750 million ($840 million) in equity for its specialist pan-European logistics strategy.
Transactions | Mar 28, 2019 Dexus to acquire Melbourne asset for A$1.4b by Andrea Zander Dexus has plans to acquire 80 Collins Street in Melbourne for A$1.4 billion ($1 billion).
Research | Mar 28, 2019 Employment gains drive self-storage demand in fast-growing markets by Andrea Zander Metros with persisting demographic gains and strong employment continue to lead self-storage development across the nation, according to Yardi Matrix.
Transactions | Mar 28, 2019 WPT Industrial REIT to acquire $226m infill logistics portfolio by Andrea Zander WPT Industrial REIT has acquired a portfolio of 13 industrial buildings and three land parcels located in multiple markets in the United States, totaling approximately 2.2 million square feet of gross leasable area.
Investors | Mar 27, 2019 Former Airbnb executive launches opportunity zone project platform by Released Stefan Schimenes, a former Airbnb executive, has launched InvestReal, a platform to connect developers looking to raise capital for Opportunity Zone projects with investors.
People | Mar 27, 2019 Fannie Mae appoints new CEO by Jody Barhanovich Hugh Frater has been appointed as CEO at Fannie Mae, a provider of liquidity to the U.S. housing market.
Investors | Mar 27, 2019 Heitman to expand in mini-storage concepts in Asia by Andrea Zander Heitman has plans to expand its investments in mini-storage concepts in Asia, according to South China Morning Post.
Research | Mar 27, 2019 Overseas investors still investing in U.K. property despite Brexit uncertainty by Andrea Zander Uncertainty surrounding Brexit is showing no signs of deterring foreign investment in Glasgow and Edinburgh, according to JLL’s Big 6 report.
Research | Mar 27, 2019 China office stimulated by financial innovation and the growth of IT sector by Andrea Zander Despite a slowdown in the real estate market and a tightening of the credit environment, the Chinese economy was still able to record a growth of 6.6 percent in 2018, higher than the expected annual growth of 6.5 percent, according to Savills.
