Jonathan Brasse
The mixed-use development is expected to be completed by late 2025.
Private real estate managers are being cautioned to garner a greater understanding of the vitality of their tenants to avoid triggering income clauses in their borrowing terms.
The Los Angeles-headquartered asset management firm has followed the recruitment of an Asia real estate head on the direct side with a second appointment intended to lead its indirect investments in the region.
The mood at the EXPO Real conference in Munich this week was somber with all eyes on where interest rates will land.
While a 25% currency discount is a lure for some international bargain hunters, the institutional attitude has remained largely circumspect.
Freshly appointed global real estate co-heads Timothée Rauly and John O’Driscol are expected to shoulder more leadership for AXA’s €88bn real estate business, freeing up Alts boss Isabelle Scemama to focus on new initiatives.
As managers shift to focus on near-term challenges, sustainability and social impact goals are at risk of being deprioritized.
Ron Dickerman, founder of Madison International Realty, says a pause on all but the best growth-oriented investments is necessary while central banks bring inflation under control.
A report published this week by LaSalle Investment Management and the Urban Land Institute drives home that non-uniform measuring of risks is keeping institutional real estate markets ambivalent.
The asset management giant’s real assets business has promoted Thomas Mueller-Borja to global chief investment officer to oversee a weekly investment committee aimed at consolidating best investment approaches across the US, Europe and Asia.