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LaSalle hires CBRE GI exec to head US custom accounts- Exclusive

Stuart Sziklas will join the firm as head of US custom accounts on September 3, and will lead the portfolio managers overseeing $10 billion across the firm’s separately managed accounts.

How Brookfield is handling retail tenant bankruptcies

The global real estate manager said while tenant bankruptcies have resulted in a $150m loss since 2018, it has a plan to reposition its retail portfolio with more resilient tenants.
World

Currency devaluations subdue growth in global real estate market – MSCI

Growth in the global real estate market was muted across almost all countries in 2018 because of currencies depreciating against the US dollar, according to a July report by MSCI.

From Whitehall to Broad Street and back again

Goldman Sachs has had a roller-coaster ride with private equity real estate since punching lucrative returns through its Whitehall Street funds. More than a decade later, the bank is going back to fundraising.

Goldman Sachs puts property funds back on the menu amid restructure

The investment bank is plotting a return to the world of private equity real estate fundraising as it merges businesses under its merchant banking arm.

Why one multifamily firm is switching from building to buying

With its latest move, Tricon is switching from development to acquisitions in the US sector.
PAG Asia

Asian capital is pulling out of the West: JLL

The region’s real estate investors are curtailing cross-border investments as currency hedging costs rise and yields fall for trophy assets in mature overseas markets, according to the property services firm.
PAG Asia

PAG set to close on $2.25bn for its biggest Asia RE fund – Exclusive

The private equity real estate firm is set to surpass its $2bn original target.
chasing risk peak

Institutions chasing risk at the peak of the cycle

A key concern for institutional investors in 2019 is abundant capital in real estate driving down returns and adding more risk, according to the global placement advisory firm Probitas Partners.

New Mountain targets ‘operationally critical’ assets with new fund

The New York-based firm's oversubscribed debut fund, which is focused on industrial sale-and-leaseback transactions, raised $533m.
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