Two fingers

SARES REGIS Multifamily Fund acquires two properties

The SARES REGIS Multifamily Fund has acquired two communities totalling 300 apartments in Portland and North County San Diego. »


France flag

GTIS Partners opens Paris office

Private equity real estate firm GTIS Partners has opened an office in Paris which will be run by newly-hired real estate investment veteran Dietrich Heidtmann as managing director and head of international capital markets. »


Dollars

Milestone Apartments REIT makes USD74m property acquisition in Houston

Milestone Apartments Real Estate Investment Trust is to purchase Villas at Shadow Creek, a 560-unit multifamily apartment community located in the Pearland submarket of Houston, Texas, for USD74.0 million. »


Handshake

M&G Real Estate appoints Lucy Williams to lead capital raising activity in UK and Europe

M&G Real Estate has appointed Lucy Williams as director, institutional business, UK & Europe. »


Announcement

REISA changes name to ADISA

REISA, a US trade association serving the alternative investment and securities industry, is changing its name to the Alternative and Direct Investment Securities Association (ADISA). »


Down arrow

Office availability continues to fall in London, says DTZ

Office availability continues to fall in London as economic confidence returns and is now 25 per cent below the same point last year and over a third lower than ten years ago, according to DTZ. »


Hotel

Hispania acquires Melia Jardines del Teide Hotel in Tenerife

Hispania Activos Inmobiliarios, through its subsidiary Hispania Real SOCIMI, has acquired the Meliá Jardines del Teide hotel for EUR36.7 million, fully disbursed with the company’s own funds. »


Hard hat

Sager Group and Cain Hoy JV to develop GBP400m Islington Square, London

Sager Group and Cain Hoy have formed a joint venture to develop Islington Square, a 4.5 acre mixed-use regeneration and development scheme in the heart of Islington, London N1. »


New York

Hines acquires additional air rights for 53W53 construction in NYC

Hines has closed on the purchases of additional air rights at its prime parcel of land adjacent to The Museum of Modern Art (MoMA) in New York allowing construction of 53W53, a for-sale residential tower designed by Jean Nouvel with interiors by Thierry Despont. »


London

TIAA-CREF Asset Management opens distribution office in London

TIAA-CREF is opening a distribution office in London for its asset management business. »


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