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New Jersey-based global investment giant PGIM Real Estate is creating a 10-figure capital fund to capitalize on the growing demand for computing capacity — demand that is only growing with the evolution of AI and other technologies. PGIM Real Estate, the real estate investment branch of Prudential Financial, has closed a $2 billion fundraising campaign for its Global Data Center Fund, which it secured from “a range of global investors,” the firm said Wednesday. Details about the fund were first reported by Private Equity Real Estate (PERE) last May, and...

Data science is rapidly becoming a cornerstone of success in commercial real estate (CRE) investing. With vast amounts of data available, firms are seeking advanced analytics to gain a competitive edge, optimize portfolios, and enhance decision-making. Despite the industry’s widespread recognition of data’s potential, there remains a great deal of uncertainty regarding its implementation, sophistication, and true impact. SEE ALSO: Sunday Summary: What Is Happening With Government Office Space? This article is a summary of Altus Group’s global research report, The state of data science in commercial real estate investing. This...

A Houston-based investment firm is liquidating its $5.5 billion portfolio, and has traded an office building in Southeast Washington, D.C., at a notable discount amid the fire sale.  Lionstone Investments sold the 12-story, 225,000-square-foot property at 100 M Street SE to Onward Investors for $54 million, according to Bisnow, citing property records. Lionstone, alongside partner Hermes Real Estate, paid $79.8 million for the building back in 2014, per reports at the time. SEE ALSO: Chess Builders Buys UES Building Slated for Demolition for $50M A representative for Lionstone’s parent company, Columbia...