Transactions | May 21, 2020 Laing O’Rourke to deliver One Heritage Tower by Released One Heritage has appointed Laing O’Rourke as its preferred bidder to construct a 55-story residential tower at Greengate, Salford, overlooking Manchester arena.
Transactions | May 21, 2020 Actis sells South Korean commercial property Young City by Released Actis has sold Young City, a class A twin-tower office building located southwest of Seoul, Korea, to a consortium of local institutional investors.
Transactions | May 21, 2020 Gaw Capital Partners raises £28.5m to refinance London offices by Released Real estate private equity firm Gaw Capital Partners announced today that is has successfully raised £28.5 million (€31.7 million/$34.8 million) in mezzanine financing to refinance its preferred equity on its landmark office building in Docklands, London.
Transactions | May 21, 2020 Canyon Partners, American Capital Group invest in Seattle-area OZ multifamily project by Released Canyon Partners Real Estate and American Capital Group (ACG) have formed a joint venture for in the development of Kinect @ Lynnwood, a 239-unit apartment project in the Seattle suburb of Lynnwood.
Transactions | May 21, 2020 Michigan Strategic Fund approves $256m Red Cedar mixed-use development by Released With the Michigan Economic Development Corporation's (MEDC) staff recommendation, the Michigan Strategic Fund (MSF) has approved the Brownfield/TIF revised plan for the Red Cedar Development giving a green light to Continental/Ferguson Lansing, to move forward with bonding and full construction of the $256 million mixed-use development.
Investors | May 20, 2020 Norfolk County launches RFP for value-add or opportunistic real estate by Kali Persall Norfolk County (Mass.) Retirement System is seeking proposals from qualified firms interested in providing value-add real estate services.
Fundraising | May 20, 2020 Principal Real Estate Investors’ third debt fund hits $413m by Kali Persall Principal Real Estate Debt Fund III has collected $413 million in capital commitments against a $1 billion fundraising target.
Investors | May 20, 2020 BlackRock’s shift toward ESG prioritization likely to lower returns, increase fees for investors by Released Over the past two years, BlackRock has begun to shift its investment strategy, placing a much greater emphasis on environmental, social and governance (ESG) factors and boosting the presence of ESG funds in its portfolios.
Transactions | May 20, 2020 U.S. Realterm enters Spanish market by Andrea Zander Realterm Logistics, an American investment group specializing in logistics assets in the United States, Canada and India, has acquired its first acquisition in Spain.
Investors | May 20, 2020 Important investment considerations for property investors by Jennifer Molloy Roberto Versace, head of tactical real estate, Asia Pacific, at APG Asset Management Asia, discusses short- and medium-term risks to real estate markets as a result of the pandemic, as well as what institutional investors should keep in mind over the next few years.
Transactions | May 20, 2020 CIM Group tops out construction of mixed-use development in Miami’s Wynwood District by Released CIM Group has topped out construction of the two eight-story towers in Miami.
Transactions | May 20, 2020 IQHQ acquires life science asset in Massachusetts by Released IQHQ, a life sciences real estate development company, has acquired Innovation Park, an approximately 200,000[1]-square-foot campus on the 495 Corridor in Andover, Mass.
Transactions | May 20, 2020 Germany shows resilience into COVID-19 downturn by Andrea Zander The German real estate market has held up better than anywhere else in Europe.
Transactions | May 20, 2020 GuocoLand secures $516m green loan for development by Released GuocoLand, through its indirect subsidiaries, MTG Apartments Pte. Ltd. and MTG Retail Pte. Ltd., has secured a S$730 million ($516.19 million) green club loan.
Research | May 20, 2020 U.S. commercial real estate sector to be resilient in recovery by Released Leading U.S. real estate economists expect that while the top-line economic impact of COVID-19 will be much worse than the global financial crisis, U.S. real estate market fundamentals and values will fare much better compared to that era reported UrbanLand.
