PowerHouse Data Centers secures lease with CyrusOne for new Northern Virginia data center by Kali Persall | May 16, 2023 PowerHouse Data Centers, a joint venture between American Real Estate Partners and Harrison Street, has secured a 30-year lease agreement with CyrusOne for the ABX-1 data center, located in Ashburn, Va.
Avenue One announces $100m strategic funding round by Kali Persall | May 15, 2023 Avenue One, a property technology service platform and marketplace for institutional owners, buyers and sellers of residential homes, has announced a strategic funding round of $100 million, led by WestCap with participation from MetLife Investment Management and other leading investors.
Hines, JPMorgan Chase to deliver flexible workspace platform in Washington, D.C. by Released | May 15, 2023 Hines, along with JPMorgan Chase, has announced that The Square, Hines’ flexible workspace platform, will open at the Bowen Building, in Washington, D.C., this fall.
TPG to acquire Angelo Gordon in $2.7b transaction by Kali Persall | May 15, 2023 TPG, a global alternative asset management firm, has agreed to acquire Angelo Gordon, a $73 billion alternative investment firm focused on credit and real estate investing, in a $2.7 billion cash and equity transaction.
Credit crunch creates challenges for commercial real estate by Loretta Clodfelter | May 15, 2023 Commercial real estate is facing a credit crunch, but there may be opportunities for nonbank lenders.
Algonquin Power & Utilities initiates a strategic review of renewable energy group by Released | May 15, 2023 Algonquin Power & Utilities Corp.’s board of directors has initiated a strategic review of the company's renewable energy group
Office sector continues to show signs of distress by Loretta Clodfelter | May 12, 2023 The office sector is facing significant distress, according RSM’s latest Office Sector Outlook, driving investors to approach the sector with creativity and innovation.
Clarion Partners Real Estate Income Fund to commence tender offer in June by Kali Persall | May 12, 2023 Clarion Partners Real Estate Income Fund’s (CPREIF) board of directors has approved a tender offer for up to 5 percent of the fund’s aggregate net asset value (NAV).
Gloria Gil to take up senior investment officer role at the Oregon State Treasury by Kali Persall | May 12, 2023 Gloria Gil, a partner at Alpine Grove Partners since 2021, will join the Oregon State Treasury (OST) in July. She will serve as the senior investment officer for the OST’s $14 billion real estate portfolio.
JLL appoints Yao Morin to new CTO role by Kali Persall | May 12, 2023 JLL has appointed Yao Morin to the newly created role of chief technology officer (CTO).
Continued housing market slowdown amid rapidly increasing prices by Denise Moose | May 12, 2023 In the first month of second quarter 2023, the housing market had to endure the effects of rate hikes from March’s Federal Reserve meeting, resulting in continued reduced market activity, according to a recent report by HouseCanary titled U.S. Housing Market – State Level Report 55.
Jennifer McCosley joins Beacon Pointe Advisors as a senior wealth adviser by Kali Persall | May 11, 2023 Beacon Pointe Advisors has appointed Jennifer McCosley as a senior wealth adviser.
CRPTF mulls $150m commitment to Grain Communications Opportunity Fund by Kali Persall | May 11, 2023 The Connecticut Retirement Plans and Trust Funds (CRPTF) is considering a $150 million investment in Grain Communications Opportunity Fund IV (GCOF IV), a closed-end communications fund managed by Grain Management.
IndexIQ launches exchange-traded fund in partnership with CBRE IM by Kali Persall | May 11, 2023 IndexIQ, a New York Life Investments company, has launched its newest exchange-traded fund, the IQ CBRE Real Assets ETF (IQRA).
U.S. self-storage sales volume hits $10b in 2022 by Kali Persall | May 11, 2023 The U.S. self-storage sector saw $10 billion in storage facility sales in 2022, representing an 18.7 percent decrease from the exceptional sales volume in 2021, according to Yardi Matrix data. However, Yardi’s research indicates 2022 levels are still higher than previous years.
