Andrea Zander

3 weeks ago | irei.com | Andrea Zander

Evolving work patterns in the post-pandemic era, employees’ demands for a better workplace experience, the large regional supply pipeline and high vacancy, and the urgent need to enhance older properties to maintain their competitiveness are just a few of the factors converging to drive a new era of office innovation in Asia Pacific, according to CBRE’s APAC Office Innovation: Perspectives for Landlords & Investors report.

3 weeks ago | irei.com | Andrea Zander

Newmark Group has arranged the sale of 601 South Figueroa Street — also known as 601 Fig or Fig at Wilshire — a 1,041,315-square-foot high-rise office tower in Downtown Los Angeles. The asset sold for $210 million, equating to a price of approximately $202 per square foot. The seller was undisclosed. “601 Fig is one of LA’s truly iconic office buildings at the renowned corner of Wilshire Boulevard and Figueroa,” said Kevin Shannon, Newmark co-head of U.S. capital markets.

3 weeks ago | irei.com | Andrea Zander

Gray Capital, an Indianapolis-based multifamily investment firm, has launched its Midwest Multifamily Fund, an opportunistic investment vehicle designed for institutional investors, family offices, and ultra-high-net-worth individuals. “We believe the multifamily sector is entering a highly opportunistic window, driven by increasing rental demand, tightening supply, and emerging distress signals,” says Spencer Gray, president and CEO of Gray Capital.

3 weeks ago | irei.com | Andrea Zander

Lone Star Funds has announced that an affiliate of Lone Star Real Estate Fund VII, L.P. has reached an agreement to purchase nine purpose-built student accommodation (PBSA) assets in the United Kingdom from affiliates of Unite Students, the United Kingdom’s largest owner, manager and developer of PBSA, for £212 million ($288 million), scheduled to close in August 2025.

3 weeks ago | irei.com | Andrea Zander

Tritax Management has launched its Tritax London Logistics Fund (TLLF), an open-ended real estate fund investing in high-quality logistics assets in the Greater London area. Formerly Airport Industrial Property Unit Trust (AIPUT), a specialized industrial fund that invested in airport-related real estate in the areas surrounding the major London airports and transferred to Tritax from aberdeen in July 2023.