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.
Cordillera Investment Partners hires Rachel Levi as head of investor relations by Released | Jan 17, 2024 Cordillera Investment Partners, an investment management firm focused on investing in niche, non-correlated assets, has announced that Rachel Levi has joined the firm as head of investor relations.
MAI Capital Management acquires Traverso Chambers by Kali Persall | Jan 17, 2024 Cleveland-based MAI Capital Management, a registered investment adviser and wealth management firm specializing in comprehensive investment and financial planning for high-net-worth individuals and families, has acquired Traverso Chambers Private Wealth Management for an undisclosed sum.
Plus Power begins operating historic grid-scale battery energy storage system in Oahu by Kali Persall | Jan 16, 2024 The most advanced grid-scale battery energy storage system in the world, the Kapolei Energy Storage (KES) facility located on the island of Oahu, Hawaii, has come online.
U.S. multifamily rents drop despite strong demand by Released | Jan 16, 2024 Multifamily ended 2023 on a downswing, after average U.S. multifamily asking rents dropped for five straight months, according to a recent report by Yardi Matrix. The average asking rent fell $17 over those five months to $1,709.
NexPoint Life Sciences III DST targets $31m, acquires industrial manufacturing property in Minnesota by Kali Persall | Jan 16, 2024 NexPoint is seeking to raise $31 million for its newly launched NexPoint Life Sciences III DST, reinforcing the firm’s commitment to life sciences real estate.