Wells Fargo survey: Construction industry expects strong profitability in 2022, despite supply chain & labor challenges

by Andrea Zander | Jan 19, 2022

The benchmark U.S. National Optimism Quotient (OQ) registered 112, a 44 percent increase from its mark of 78 a year earlier, showing leaders ended 2021 feeling cautiously optimistic.

Gilbane selected by Eastern Michigan University for $200m partnership

by Released | Jan 18, 2022

Eastern Michigan University (EMU) has selected Gilbane Development Co.

Melody Investment Advisors holds $1.9b final close for communications fund

by Kali Persall | Jan 18, 2022

Melody Investment Advisors has closed its Melody Communications Infrastructure Fund II at $1.95 billion.

Report calls for nature-based solutions to combat emissions from cities

by Kali Persall | Jan 18, 2022

A new report published by the World Economic Forum recently revealed that although cities contribute 80 percent to global GDP, they also account for 75 percent of global greenhouse gas emissions.

Rice Park Capital Management closes on $300m capital commitment

by Released | Jan 18, 2022

Rice Park Capital Management LP, a Minneapolis-based investment firm, has closed on a $300 million capital commitment from M&G Investments for its inaugural mortgage servicing rights (MSR) fund.

RW Partners closes inaugural GP fund

by Released | Jan 18, 2022

RW Partners has announced its initial closing of its inaugural GP fund, RW Fund I L.P., with approximately $10 million of LP commitments.

NFI‐DP records the best calendar year performance since inception

by Andrea Zander | Jan 18, 2022

The National Council of Real Estate Investment Fiduciaries (NCREIF), whose membership contributes data to property and fund level indices, has released the December 2021 performance returns for the Daily Priced NCREIF Fund Index (NFI‐DP).

AEW executive managing director Pamela Herbst retires after 45-year career in CRE investing

by Andrea Zander | Jan 18, 2022

AEW Capital Management announced that executive managing director Pamela Herbst retired from AEW at year-end after an accomplished career that has spanned nearly 43 years, including 26 years at AEW.

Cushman & Wakefield releases data center global market comparison report

by Released | Jan 18, 2022

Data-center construction totals continue to grow globally, with 4.1 gigawatts now  underway in the markets covered, up from 2.9 gigawatts in the previous study and 1.6 in the year before that.

Carlyle commits $100m in battery storage, EV infrastructure technologies

by Released | Jan 14, 2022

Carlyle has invested more than $100 million to community-scale clean-energy developer NineDot Energy and electric-vehicle (EV) charging and services company Fermata Energy.

Google pays $1b for London development

by Andrea Zander | Jan 14, 2022

Google has bought the Renzo Piano’s 11-story Central Saint Giles development, located near Oxford Street in London, for $1 billion. The sellers were Legal & General Group and Mitsubishi Estate.

Kawa to raise $17m for office-building acquisition in Chicago

by Andrea Zander | Jan 14, 2022

U.S. alternative investment manager Kawa is fundraising for a mezzanine loan to finance the purchase of a 29-story, 467,180-rentable-square-foot office building in downtown Chicago.

Opportunity Housing Group buys Pleasant Hill, Calif., apartment complex for $304m

by Andrea Zander | Jan 14, 2022

Opportunity Housing Group has completed the purchase of the 484-unit Wood Creek Apartments at 637 Stonebridge Way in Pleasant Hill, Calif.

Avanti Properties fund completes first investment

by Released | Jan 14, 2022

Avanti Strategic Land Investors X, an affiliate of Avanti Properties Group, has completed its first investment.

Blackstone Capital Opportunities Fund IV closes at $8.75b

by Kali Persall | Jan 13, 2022

Blackstone has completed the final close of its Blackstone Capital Opportunities Fund IV (COF IV), unlocking $8.75 billion of funds for its opportunistic private debt strategy.

Continental Properties Co. closes two real estate funds valued at $1b

by Andrea Zander | Jan 13, 2022

Continental Properties Co. has announced the closing of Continental Properties Real Estate Income Fund III and Continental Properties Real Estate Income Fund IV.

Griffin Capital raises $585m for Qualified Opportunity Zone Fund II

by Kali Persall | Jan 13, 2022

Griffin Capital Co., a privately held alternative asset manager, has raised more than $585 million of investor equity for its Griffin Capital Qualified Opportunity Zone Fund II. The fund closed in fourth quarter 2021.

PTM Partners closes second opportunity zone fund

by Kali Persall | Jan 13, 2022

PTM Partners has closed its second qualified opportunity zone fund.

Tech investment firm raises $1.3b

by Released | Jan 13, 2022

Recognize, a technology investment platform that is singularly focused on the $2 trillion technology services industry, has raised approximately $1.3 billion for its inaugural fund.

Investors to embrace megatrends to overcome challenging public markets

by Andrea Zander | Jan 13, 2022

Investors need to consider opportunities presented by megatrends across alternative asset classes as it becomes increasingly difficult to generate stable income-driven returns and alpha through the public markets alone.

North Sky Capital closes $200m sustainable assets fund

by Released | Jan 13, 2022

North Sky Capital recently announced that it raised $200 million to finance the development and construction of new sustainable assets in low-income communities across the United States.

Targa Resources to acquire its development company JV interests from Stonepeak

by Released | Jan 13, 2022

Targa Resources Corp. has agreed to repurchase interests in its development company joint ventures from investment vehicles affiliated with Stonepeak Partners for around $925 million.

7% inflation gives Fed more ammunition

by Andrea Zander | Jan 12, 2022

The core CPI year-on-year rate increased from 4.9 percent in November to 5.5 percent in December, the highest since February 1991, according to Oxford Economics.

AREP and Harrison form $1b data center JV

by Andrea Zander | Jan 12, 2022

A joint venture between American Real Estate Partners has plans for a $1 billion commitment to develop six powered shell data centers representing 2.1 million square feet of data center space in Data Center Alley, the world’s largest and most connected data center submarket, located in Ashburn and Arcola, Va.

Navitas Midstream sells to Enterprise Products Partners for $3.25b

by Denise Moose | Jan 12, 2022

Navitas Midstream Partners Holdings recently announced the sale of 100 percent of its interests in Navitas Midstream Partners.