Transactions | May 18, 2020 PGIM Real Estate enhances European footprint with senior hire in Italy by Released PGIM Real Estate has hired Musie Bocrezian, as executive director and head of transactions for Italy, based in its newly opened office in Milan, effective immediately.
Investors | May 18, 2020 Colony Capital reveals $3.2bn default on portfolio company loans by Andrea Zander As noted in its first quarter 2020 earnings release, Colony Capital is in default on a significant portion of the hotel portfolio investment-level non-recourse debt as a result of the COVID-19 crisis and its impacts on the hotel industry at large.
Investors | May 15, 2020 Denmark’s PFA Pension joins U.N. alliance targeting net-zero carbon by 2050 by Kali Persall Denmark’s largest pension fund PFA Pension has joined investors in an initiative that targets net-zero carbon emissions for the investment portfolio by 2050.
Transactions | May 15, 2020 JP Morgan, American Homes single-family homes JV begins first project by Andrea Zander J.P. Morgan Asset Management has closed on its first joint venture project with American Homes 4 Rent.
Investors | May 15, 2020 U.K. pension fund merger gets green light by Kali Persall The merger between two Local Government Pension Scheme (LGPS) funds in the United Kingdom — the Northumberland County Council Pension Fund and Tyne and Wear Pension Fund — is scheduled to proceed as planned, following approval by the U.K. government.
Transactions | May 15, 2020 Covivio sells Nanterre property for €83m by Released Covivio, a French listed property firm, has sold the Respiro office complex in Nanterre, France.
Transactions | May 15, 2020 PGIM lends $66m on Southern California industrial acquisition by Andrea Zander PGIM Real Estate has provided $66 million to a fund managed by Boston-based TA Realty to finance its purchase of a newly built, 1 million-square-foot industrial complex in Riverside, Calif.
Fundraising | May 15, 2020 Montague Property plans $112m real estate fund launch by Kali Persall International real estate advisory firm Montague Property is gearing up to launch a £100 million ($122 million) real estate fund on June 1.
Transactions | May 15, 2020 Hong Kong hotel placed on the market for $58m by Released Colliers International has been appointed to sell the property at 199 Queen's Road West in Hong Kong for an asking price of HK$450 million ($58.1 million).
Research | May 15, 2020 Paris hotels will experience short-term pain but a strong recovery to follow by Released Once the Paris hotel sector overcomes the initial period of recovery, the longer-term post-COVID-19 future looks promising, with the Olympic Games in 2024 expected to provide a much-needed boost to tourism.
Research | May 15, 2020 Most employers favor phased return to workplace, adding touchless tech, restricting visitors by Andrea Zander Most companies included in an analysis by CBRE plan to take a gradual, cautious approach to bringing employees back to their workplaces as governments begin to lift restrictions tied to COVID-19.
Transactions | May 15, 2020 Beacon Partners sells Charlotte, N.C., office for $59m by Released Beacon Partners has sold Corning Optical Communications’ headquarters.
Transactions | May 15, 2020 MetLife JV acquires land site for 480-unit apartment complex by Andrea Zander A joint venture between MetLife Investment Management, Allstate and Ryan Cos. has acquired a land site for the development of an eight-building multifamily property near San Diego.
Investors | May 15, 2020 Brookfield to create $5b retail revitalization program by Andrea Zander Brookfield Asset Management has launched its $5 billion Retail Revitalization Program.
Investors | May 15, 2020 COVID-19 crisis may force a rethink of co-living and co-working assumptions by Marek Handzel Some of the concepts that have influenced the design of residential rental developments and co-living and co-working spaces over the past decade may have to be reconsidered in light of the COVID-19 crisis.
