Summary of Transaction Headlines

IREI | “CPP Investments, Equinix to Acquire atNorth for $4 Billion”

Canada Pension Plan Investment Board (CPP Investments) and Equinix have entered into a joint agreement to purchase atNorth, a Nordic high-density colocation and built-to-suit data center provider, from Partners Group. The $4 Billion enterprise value transaction is subject to customary closing conditions, including regulatory approvals. The agreement between CPP Investments and Equinix will support atNorth’s continued rapid scaling, capturing opportunities created by rising demand for data center infrastructure. CPP Investments will invest approximately $1.6 Billion, owning an approximate 60 percent controlling interest, and Equinix will own an approximate 40 percent stake.

Commercial Observer | “MCB Signs Costco to Anchor $2.8 Billion Viva White Oak Mixed-use Development in Metro D.C.”

Baltimore’s MCB Real Estate has secured its retail anchor tenant for a 280-acre, master-planned development just north of Washington, D.C. MCB inked a 162,000 Square Foot lease with Costco at Viva White Oak, the developer’s $2.8 Billion mixed-use district near U.S. Route 29 and Cherry Hill Road in Silver Spring, Md. The project is approved for some 12 Million Square Feet of development, including nearly 5,000 rental and for-sale housing units, as well as retail, hotel, and medical office space.

IREI | “LBA Logistics Secures $2.2 Billion for Flagship LBA Logistics Value Fund X”

LBA Realty, a vertically integrated real estate investment and management company, has announced the final closure of LBA Logistics Value Fund X. Commitments to the fund, which closed 14 months after launch, exceeded $2.2 Billion. The fund attracted a diverse institutional investor base, including corporate and public pension plans, endowments, insurance companies, and foreign investors.

IREI | “IP Capital Partners Launches IPCP Southeast Industrial Fund II With Projected $1 Billion in Purchasing Power”

IP Capital Partners (IPCP) has launched IPCP Southeast Industrial Fund II (SEIF II), its next flagship income and growth vehicle targeting high-quality industrial properties across the Southeast United States. With prudent use of leverage and joint venture equity, SEIF II is projected to have approximately $1 Billion in total purchasing power. SEIF II is targeting $250 Million in capital commitments, with a hard cap of $300 Million.

CRE Herald | “PGIM Appoints Zineb Jamai as Head of France for the Real Estate Business”

PGIM Zineb Jamai has been appointed as Head of France for the real estate business, where she will oversee investment and asset management portfolios and lead the sourcing and execution of transactions. Jamai joins from her previous role within the firm as Head of Transactions for France, Spain, and Portugal, and previously held senior positions at Colliers International and Unibail-Rodamco.

IPE Real Assets | “Beddig to Lead Principal AM’s Europe Real Estate Asset Management”

Guido Beddig has been appointed Managing Director and Head of the Asset Management team in Europe, where he will strategically and operationally develop the firm’s European platform, focusing on real estate, and assume responsibility for the asset management activities of the European portfolio. Beddig joins from TREUREAL Property Management, where he served as Managing Director and developed the institutional client business, and previously held the role of senior manager at DIC.

Property Week | “Vistry on Hunt for CEO After Fitzgerald Announces Retirement”

Greg Fitzgerald has announced that he will retire as Chair of the Vistry Group and from his role as CEO within the next year. Fitzgerald has 40 years in the housebuilding industry, founding Midas Homes and leading Galliford Try Homes as Chief Executive. He then joined Bovis Homes in 2017, which acquired Galliford Try in 2020 to form Vistry Homes. 

Housing Today | “Barratt Redrow Appoints Ex-Balfour Beatty Boss as Next CEO as David Thomas Announces Retirement”

David Thomas joined Barratt 17 years ago and led it through the recent merger with Redrow. The country’s biggest housebuilder, Barratt Redrow has announced the retirement of its long-time group Chief Executive David Thomas and named Dean Banks as his successor. Thomas joined Barratt 17 years ago and became group Chief Executive 11 years ago, leading the firm through its recent merger with Redrow.

Housing Today | “Notting Hill Genesis CFO to Step Down”

Mark Smith will be replaced by the experienced Ken Youngman on an interim basis after the transition process. Notting Hill Genesis has announced that its Chief Finance Officer intends to step down. Mark Smith joined the housing association in April 2024 and has held the top finance role during a difficult period for the provider.

IREI | “PGIM Appoints David Fassbender as Head of Asia Pacific for Real Estate”

PGIM has appointed David Fassbender as Head of Asia Pacific for its real estate business, effective July 1. Based in Tokyo, Fassbender will lead the Asia Pacific real estate business and spearhead its next phase of growth in the region. Fassbender succeeds Benett Theseira, who will retire following a 36-year career in real estate, including 15 years at PGIM.

PR Newswire | “Rexford Industrial Announces Promotion of John Nahas to Chief Operating Officer”

Rexford Industrial Realty, Inc. (NYSE: REXR), a real estate investment trust (“REIT”) focused on creating value by investing in and operating industrial properties throughout infill Southern California, announced the promotion of John Nahas, the company’s current Managing Director of Operations, to Chief Operating Officer (COO), effective April 1, 2026, in conjunction with Laura Clark’s previously announced appointment to Chief Executive Officer.

PR Newswire | “Odevo Appoints Syed Zaidi as U.S. CEO”

Odevo, the fast-growing international leader in residential property management, has appointed Syed Zaidi as Chief Executive Officer of Odevo U.S. He succeeds Paul Kaplan, who will transition into a role as Founder and Strategic Partner within Odevo. Odevo operates in residential property management across nine markets. In the U.S., the company is present in 15 states, with approximately 4,800 employees and 614,000 homes under management.

Commercial Observer | “LaSalle Investment Management Hires Peter Sibilia as Head of U.S. Transactions”

LaSalle Investment Management, the investment arm of real estate services giant JLL, has hired Peter Sibilia as its new Head of U.S. Transactions. Sibilia, previously a Managing Director at Rithm Capital, will be based in New York and replace Patrick Pelling, who previously led LaSalle’s U.S. transactions team and will now be Portfolio Manager of LaSalle Property Fund.