Vesper Holdings pays $203m for student property, ranks among the five largest single-asset purchases in student housing history by Andrea Zander | Nov 1, 2022 Vesper Holdings, a New York City–based privately held real estate investment firm, has acquired Sol y Luna, a two-tower, high-rise luxury student housing complex located in Tucson, Ariz., for $203 million.
Verisk to sell Wood Mackenzie in $3.1b deal by Released | Nov 1, 2022 Verisk and Veritas Capital announced the signing of a definitive agreement under which an affiliate of Veritas has agreed to acquire Verisk’s Energy business, Wood Mackenzie, for $3.1 billion.
Battery energy storage developer GridStor acquires L.A. Basin portfolio from Upstream Energy by Andrea Zander | Nov 1, 2022 GridStor announced the acquisition of a portfolio of storage projects currently in development in the greater Los Angeles area from Upstream Energy of San Diego.
SPONSORED: StratCap – The cell tower business model, resiliency and growth amid challenged capital markets by Sheila Hopkins | Nov 1, 2022 In a sponsored report published in the November issue of Real Assets Adviser, StratCap summarizes the tower business model and highlights the potential for investors to benefit from assets with strong, near-term revenue growth opportunities.
SPONSORED: Cantor Fitzgerald – Looking beyond 60/40 portfolios by Sheila Hopkins | Nov 1, 2022 In a sponsored interview published in the November issue of Real Assets Adviser, Cantor Fitzgerald’s head of national sales – advanced planning, Jeff Hertz, discusses CRE opportunities in today’s unsettled economic climate, and how real estate can help insulate portfolios from volatility while potentially delivering attractive returns
Emerson to sell majority stake in Climate Technologies to Blackstone in transaction valued at $14b by Released | Oct 31, 2022 Emerson announced a definitive agreement under which it will sell a majority stake in its Climate Technologies business.
Crescent Real Estate closes third real estate fund by Kali Persall | Oct 31, 2022 Crescent Real Estate has closed a third investment vehicle, known as GP Invitation Fund III, after an invitation-only campaign raised $265 million from existing and new private investors.
MIM: Investment opportunities in private commercial mortgage investments by Andrea Zander | Oct 31, 2022 Today, new commercial mortgage investment vehicles are emerging every year, and the asset class is becoming more accessible to a broader range of investors.
WEC Energy Group to take 80% stake in Maple Flats Solar Energy Center by Kali Persall | Oct 31, 2022 WEC Energy Group has agreed to acquire an 80 percent ownership interest in the Maple Flats Solar Energy Center in Illinois for about $360 million.
Annual ULI, PwC report finds certain pandemic-related structural changes can endure while property markets are ‘normalizing’ by Released | Oct 31, 2022 The Urban Land Institute (ULI) and PwC US today released Emerging Trends in Real Estate® 2023, an annual report highlighting the trends shaping the real estate industry.
Stonepeak upsizes investment in American Tower’s data center business by Released | Oct 28, 2022 CoreSite announced that Stonepeak, on behalf of certain affiliated investment vehicles, invested an additional $570 million.
U.S. industrial reporter: Highest annual rent increase on record; development pipeline reaches historic high by Released | Oct 28, 2022 Demand for space in the United States industrial market is slowly moving toward normalization after two years of frenzied imbalance, with emphasis on “slowly,” according to Newmark's Third Quarter Industrial Market Report.
PGE procures 311 MW from Clearwater Wind Farm in Montana by Released | Oct 28, 2022 Portland General Electric Co. (PGE) plans to procure 311 megawatts of energy from the Clearwater Wind project, a 775-MW wind site in Montana being developed by NextEra Energy Resources.
Meta to ramp up digital infrastructure investment by Kali Persall | Oct 28, 2022 Meta Platforms, the multinational technology conglomerate formerly known as Facebook, Inc., has increased its expected capital expenditure range for 2023, propelled by investments in data centers, servers and network infrastructure.
Grocery stores still seeing visits above pre-pandemic levels by Andrea Zander | Oct 28, 2022 Grocery visits have come down from their pandemic peaks, but weekly foot traffic to the category remained elevated relative to 2019 – at least during the first half of third quarter 2022, according to data by Placer.ai.
