Origin Investments closes second qualified opportunity zone fund at $300m by Kali Persall | May 5, 2023 Origin Investments, a private real estate manager that provides solutions for individual investors, family offices and advisers, has completed the final close of its second qualified opportunity zone fund and unveiled plans to launch a third in the next 60 to 90 days, based on ongoing investor demand and a robust development pipeline.
AJ Capital announces first branded multifamily residential platform by Kali Persall | May 5, 2023 Adventurous Journeys Capital Partners (AJ Capital), a vertically integrated real estate investment manager, has announced its first branded multifamily residential platform, Memoir Residential.
Folium Capital launches $500m regenerative natural-resources fund by Kali Persall | May 5, 2023 Folium Capital, a private equity investor focused on the sustainable management of forest and agriculture assets, has launched a regenerative natural-resources fund with a target of $500 million.
Fed raises federal funds rate by 25bps but signals a pause in rate-hiking ahead by Loretta Clodfelter | May 5, 2023 The Federal Open Market Committee voted to increase the target federal funds rate by 25 basis points at its May 3 meeting, for a target range of 5.0 percent to 5.25 percent
A review of infrastructure’s inflation-hedging capabilities by Drew Campbell | May 5, 2023 Infrastructure investments are often touted for their ability to protect against inflation, but not all assets can do this, and those that can, do so at varying degrees.
Funds in the market led by Blackstone’s European mega-fund by Denise Moose | May 4, 2023 Institutional Real Estate, Inc.’s proprietary database, IREI.Q, has identified 334 funds real estate private equity funds currently open to investors in its Q1/2023 IREI.Q Funds in the market report.
LIHTC senior housing property changes ownership by Kali Persall | May 4, 2023 A 154-unit Low-Income Housing Tax Credit (LIHTC) senior housing property has changed hands in Grand Prairie, Texas
REITs rise 0.8%, led by residential and healthcare by Loretta Clodfelter | May 4, 2023 The residential and healthcare sectors pulled REITs into the black in April. The FTSE Nareit Equity REITs Index rose 0.8 percent in the past month, with a year-to-date total return of 3.5 percent. This was a reversal from REITs’ 2.5 percent decline in March.
Record number of robots now employed by auto industry by Mike Consol | May 4, 2023 The automotive industry has the largest number of robots working in factories around the world, with its operational stock hitting a new record of about 1 million units. This represents about one-third of the total number of robots installed across all industries.
Grade ‘A’ report card for student housing by Mike Consol | May 4, 2023 The fundamentals surrounding investments in student housing has never been stronger, and concerns that growing online learning — rather than on campus — would erode the business has been debunked by the COVID-19 experience, during which student housing assets continued to perform.
Major CRE player takes bullish stance on future of office by Mike Consol | May 3, 2023 Even as many investors and managers warn the office sector will never be restored to its pre-pandemic status, one of commercial real estate’s longtime players is betting that it’s making a comeback — and that the Big Apple, the nation’s premier office market, is ground zero for that recovery.
Pennsylvania leaders to build ground-up manufacturing facility for innovation-driven industries by Kali Persall | May 3, 2023 Pennsylvania Gov. Josh Shapiro, along with leaders from Re:Build Manufacturing, the Regional Industrial Development Corp. (RIDC) and the Commonwealth of Pennsylvania, have announced an $81 million investment to create a major, innovation-focused manufacturing operation in the New Kensington Advanced Manufacturing Park.
Portland General Electric announces region’s largest battery-storage procurement by Kali Persall | May 3, 2023 Portland General Electric Company (PGE) has procured 400 megawatts of new battery-storage projects to help shore up Oregon’s energy grid. This is the largest single procurement of standalone energy storage to date by a utility in the United States outside the state of California.
Advance estimate of U.S. GDP growth of 1.1% in Q1 puts pressure on Fed by Loretta Clodfelter | May 3, 2023 The U.S. economy recorded real GDP growth at an annual rate of 1.1 percent in first quarter 2023, according to the advance estimate from the Bureau of Economic Analysis.
Google, EDPR to deploy 650MW of solar projects in six U.S. states by Kali Persall | May 3, 2023 Google and EDP Renewables’ (EDPR) distributed solar-generation business unit have signed a framework agreement targeting the development and installation of more than 80 distributed solar PV projects with about 650 megawatts dc.
