People | May 19, 2020 Lionstone Investments appoints new head of analytics and research by Released Lionstone Investments has appointed Hans Nordby as head of analytics and research.
Transactions | May 19, 2020 Duke Realty develops 615,600-sf build-to-suit warehouse by Released Duke Realty Corp. is developing a 615,600-square-foot, build-to-suit warehouse.
Research | May 19, 2020 Student housing market: When will school be back in session? by Andrea Zander Compared to the broader multifamily market, the student housing debt submarket has consistently underperformed — posting higher-than-average delinquency and special servicing rates, reported Trepp in its Student Housing Multifamily Report.
Investors | May 19, 2020 COVID-19 crisis exposes digital shortcomings in real estate by Marek Handzel The COVID-19 crisis has exposed a “digital deficit” within the real estate industry, according to Alexandre Grellier, CEO and co-founder of Drooms.
Research | May 18, 2020 City of London tops long-term business attractiveness ranking by Released The City of London takes the top position in a ranking of global business districts (GBD), with New York’s Midtown, Tokyo’s Marunouchi and Paris’ La Défense close behind, according to the 2020 Attractiveness of Global Business Districts Report, published by EY and the Urban Land Institute (ULI), and commissioned by the GBD Innovation Club.
People | May 18, 2020 The Resmark Companies hires seasoned fundraising executive by Kali Persall The Resmark Companies has appointed former Kennedy Wilson executive Donald Bethe as executive vice president of capital markets.
Transactions | May 18, 2020 Blackstone completes €5.22b iQ Student Accommodation deal by Andrea Zander Goldman Sachs Merchant Banking Division and the Wellcome Trust have completed the sale of iQ Student Accommodation to Blackstone for €5.22 billion ($5.7 billion).
Investors | May 18, 2020 U.K. shopping center firm Intu seeks debt standstill as lockdown takes toll by Andrea Zander Struggling U.K. mall operator Intu Properties Plc is seeking standstill agreements from its lenders as it battles for survival after a collapse in rent payments from retailers.
Investors | May 18, 2020 J.C. Penney to spin off real estate division into a REIT by Andrea Zander J.C. Penney Co.’s plans to emerge from bankruptcy include spinning off a REIT, multiple media outlets have reported.
Fundraising | May 18, 2020 CapRock Partners Industrial Value-Add Fund III hits $180m by Kali Persall CapRock Partners has completed first and second closings for its fund.
Investors | May 18, 2020 Alternative Income REIT appoints M7 Real Estate as investment adviser by Released The board of directors of Alternative Income REIT, the owner of a diversified portfolio of 19 U.K. commercial property assets let on long leases, has appointed M7 Real Estate as the company’s investment adviser.
Transactions | May 18, 2020 JV receives financing for $2.3b Brisbane casino resort by Andrea Zander Australian gambling and entertainment company Star Entertainment Group, which has teamed up with Chow Tai Fook Enterprises and Far East Consortium to develop a 27.5-hectare (68-acre) riverfront project in Brisbane, Australia, said it has secured A$1.6 billion in debt to fund the project.
Investors | May 18, 2020 Montano AM receives first instruction from German institutional investor by Released Montano Asset Management has received its first instruction from a domestic German institutional investor, an occupational pension scheme.
Transactions | May 18, 2020 Principal acquires another care home property in Herne by Released Principal Real Estate Spezialfondsgesellschaft mbh has acquired another development project in the care property sector for its Special AIF Principal Care Invest I. The vendor is Confirmus GmbH.
Transactions | May 18, 2020 BRP Cos. to arrange JV equity for $286m Archer Towers Project by Released BRP Cos. has been selected to arrange joint venture equity financing for the construction of the $286 million Archer Towers project. The residential development is located at 163-05 Archer Ave. in the rapidly evolving Jamaica submarket of Queens, N.Y.
