Research | May 8, 2020 Job losses reach levels not seen since Great Depression by Loretta Clodfelter The U.S. economy lost 20.5 million jobs and the unemployment rate hit rose to 14.7 percent in April, according to the Bureau of Labor Statistics, amid the COVID-19 pandemic.
Research | May 8, 2020 Warsaw office market to regain equilibrium by Andrea Zander In first quarter 2020, gross take-up for office space in Warsaw amounted to 139,800 square meters (1.5 million square feet), down by 0.5 percent on the same period in 2019, according to Cushman & Wakefield.
Transactions | May 8, 2020 Peel L&P unveils plans for Liverpool residential tower by Released Peel L&P has submitted a planning application for the next major development at Liverpool Waters.
Investors | May 8, 2020 Texas TRS commits $350m to value-add funds in April by Kali Persall The Teacher Retirement System (TRS) of Texas disclosed $350 million in new value-add real estate commitments for the month of April.
Investors | May 8, 2020 Logistics Property Co. continues to expand its class A logistics park near Dallas by Released Logistics Property Co. will break ground on its Building 3 at Southport Logistics Park in Wilmer, Texas, in July 2020.
Investors | May 8, 2020 Fresno County approves new commitment to RBC’s community investment fund by Kali Persall The Fresno County (Calif.) Employees' Retirement Association (FCERA) has approved a follow-on commitment of up to fund managed by RBC Global Asset Management.
People | May 8, 2020 Australian Future Fund appoints new CEO by Kali Persall Raphael Arndt, former CIO for the Australian Government Future Fund, has been promoted to CEO, following a global search process.
Research | May 8, 2020 Retail sales in Asia Pacific to be worse than during GFC by Andrea Zander The Asia Pacific rental outlook for 2020 has been revised downward, with the correction expected to be steeper than what was recorded at the height of the global financial crisis, reported CBRE.
Transactions | May 8, 2020 SK D&D affiliate to acquire office complex in Seoul for $444m by Andrea Zander An affiliate of Korean real estate developer SK D&D has acquired the Young City office building complex in Seoul for 545.8 billion won ($444.6 million).
Research | May 8, 2020 Strong value can be found in the European logistics sector, despite COVID-19 by Ludwig Vogel, MPC Real Estate Solutions, and Olaf Bruns, institutional fund management and logistics expert in real estate The online retail industry is booming. People’s ever-evolving shopping behavior, paired with the COVID-19 pandemic, is resulting in a boost to online sales and, with it, an increase in the demand for logistics real estate, both in Europe and across the globe.
Investors | May 8, 2020 Wyoming State Loan and Investment Board renews RVK’s consulting contract by Kali Persall Wyoming State Loan and Investment Board has rehired RVK as its investment consultant.
Research | May 8, 2020 Listed real estate bounces back in April by Loretta Clodfelter REITs participated in the stock market recovery last month, as the FTSE Nareit Equity REITs Index rose 8.3 percent during April.
Transactions | May 8, 2020 Carmel Partners plans 11-acre mixed-use development in Los Angeles by Andrea Zander Carmel Partners has unveiled its full plans for Cumulus District, an 11-acre mixed-use development in Los Angeles’ Baldwin Hills neighborhood.
Transactions | May 8, 2020 Developers reveal $6b redevelopment plan in Chicago by Andrea Zander A team led by Farpoint Development has plans for a $6 billion redevelopment project for the former Michael Reese Hospital site in Bronzeville, South Side, Chicago, Ill.
Research | May 8, 2020 UBS: Tenants may seek shorter duration leases going forward in post COVID-19 world by Andrea Zander A number of tenants may seek shorter duration leases going forward.
