The bid-ask gap for commercial real estate remains notably wide by Jennifer Molloy | Jan 22, 2024 Sticky valuations and low transaction volumes globally are reflected in a disparity between appraisal cap rates and transaction cap rates for commercial real estate, according to the Hines 2024 Outlook: Disciplined Capital, Prospects Ahead.
U.S. industrial vacancy surpasses 5% on robust speculative deliveries by Andrea Zander | Jan 22, 2024 With demand muted and speculative construction completions persisting at a healthy rate, the industrial vacancy rate ticked higher by 60 basis points to 5.2 percent, according to Cushman & Wakefield’s fourth quarter 2023 industrial report.
Wyoming Reserve Opportunity Zone Fund Corp. seeks to raise $43m through common stock offering by Kali Persall | Jan 19, 2024 The Wyoming Reserve Opportunity Zone Fund Corp., a high-security, precious metals-focused vault facility, is seeking to raise up to $43 million from accredited investors interested in potential tax advantages from qualified opportunity zones (QOZs) and qualified small business stock.
KKR unveils digital education platform for financial advisers, clients focused on alternatives by Kali Persall | Jan 19, 2024 KKR has launched a new digital global education platform designed to help financial advisers and individual investors to better understand the alternatives-investing landscape.
10 trends telegraphing global REIT performance for 2024 by Mike Consol | Jan 19, 2024 In its latest global REITs outlook, CenterSquare has identified 10 trends that will influence performance during 2024, while noting that “uncertainty” is still the global watchword.
Ethan Penner and Chad Carpenter join forces to launch Reven Office REIT by Kali Persall | Jan 19, 2024 Ethan Penner, a pioneer specializing in the real estate, mortgage credit and financial markets, and Chad Carpenter, the founder of Reven Capital, have plans to launch Reven Office REIT, a U.S. office-focused real estate finance company.
Thomvest Ventures launches new fund, promotes two new managing directors by Released | Jan 19, 2024 Thomvest Ventures, a San Francisco–based venture capital firm founded by Peter Thomson, has announced a new $250 million fund and the promotion of Umesh Padval and Nima Wedlake to the role of managing director.
Walton Global announces continuation of its DST 1031 Exchange Program by Released | Jan 18, 2024 Walton Global, a global real estate investment and land asset management company, has announced the continuation of its DST growth strategy in 2024, with their newest land product being a property outside of Charlotte, N.C.
KSL Capital Partners wraps up latest private credit fund at $1.3b by Kali Persall | Jan 18, 2024 KSL Capital Partners has closed its fourth private credit fund, KSL Capital Partners Credit Opportunities Fund IV (KSL CPCO Fund IV), at $1.26 billion.
Pantheon closes latest infra secondaries fund at $5.3b, completes largest fundraise to date by Kali Persall | Jan 18, 2024 Pantheon has completed its largest fundraise to date, securing $5.3 billion for its secondaries-focused infrastructure program, Pantheon Global Infrastructure Fund IV, and associated vehicles (PGIF IV).
Indraneel Karlekar joins Clarion Partners as managing director, global head of research and strategy by Released | Jan 18, 2024 Clarion Partners announced that Indraneel “Indy” Karlekar has joined the firm’s senior leadership team as a managing director and global head of research and strategy.
Latest DEI survey finds 96% of CRE firms have DEI strategies by Loretta Clodfelter | Jan 18, 2024 The latest edition of the Global Real Estate DEI Survey, a biannual report tracking the commercial real estate industry’s demographics and diversity, equity and inclusion (DEI) practices, has been released.
Rockpoint raises $5.1b in fundraising cycle by Kali Persall | Jan 17, 2024 Boston-based Rockpoint, a real estate private equity firm, has raised $5.1 billion in aggregate equity capital commitments in its current fundraising cycle.
Office ‘doom loop’ comes to the Big Apple by Mike Consol | Jan 17, 2024 If you’re looking to assess the future of office buildings in the aftermath of the COVID-19 pandemic, there is no better place to look than New York City, the nation’s largest office market.
JRK acquires two-property Hyatt hotel portfolio in Puerto Rico by Kali Persall | Jan 17, 2024 JRK Property Holdings has acquired a two-property, 275-key Hyatt-branded hotel portfolio in San Juan, Puerto Rico, from the PRISA Group.
