News
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May 22, 2013 - Altis eyes GE portfolio
Outlet: Australian Financial Review, The (Abstracts)
Altis Property Partners has emerged as a contender for key parts of a nine-strong portfolio of office buildings worth about $500 million being sold by GE Real Estate Capital.
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May 22, 2013 - Rubenstein Partners raises $215 million for second office fund
Outlet: Instutional Real Estatate Newsline
Rubenstein Parners has raised $215 million for its Rubenstein Properties Fund II, according to a filing with the Securities and Exchange Commission.
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May 22, 2013 - Palmer House Hilton in Chicago for sale
Thor Equities has listed for sale the 1,639-room Palmer House Hilton hotel in Chicago, which is expected to fetch $500 million.
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May 22, 2013 - Manhattan office building receiving bids of more than $1.3 billion
Outlet: Commercial Real Estate Direct
Bids of more than $1.3 billion have been received for the 600,000-square-foot office building at 650 Madison Ave. in Manhattan.
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May 22, 2013 - Bentall Kennedy makes three appointments
Outlet: Released
Bentall Kennedy has announced the appointments of Betsy Weingarten, Wes Ahrens and Steve Lekki.
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May 22, 2013 - CBRE Global Investors fund acquires Atlanta apartment community
Outlet: Released
CBRE Strategic Partners U.S. Value 6, a fund sponsored by CBRE Global Investors, has acquired Dunwoody Place, a class A, 396-unit, garden-style apartment community in the Buckhead/Sandy Springs submarket of Atlanta.
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May 22, 2013 - Clarion Partners names vice president
Outlet: Financial Advisor - Online
Kerrisha Jenkins, CFA, has joined Clarion Partners as a vice president in the firm’s Los Angeles office.
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May 22, 2013 - Ontario Teachers' Pension Plan to open Hong Kong office
Outlet: Vancouver Sun - Online, The
The Ontario Teachers’ Pension Plan says it open up an office in Hong Kong within months, as it pushes to increase their exposure to emerging markets from 15 percent to 20 percent.
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May 22, 2013 - Starwood Capital goes shopping for malls
Outlet: Fox Business Network - Online
Starwood Capital Group is in talks to buy seven U.S. shopping malls from Westfield Group for more than $1 billion, a deal that would mark the latest in a flurry of big-ticket acquisitions of retail property.
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May 22, 2013 - RBS launches real estate services for HNIs
Outlet: Zee 24 - Online
British lender Royal Bank of Scotland has launched a real estate services vertical aimed at high networth clients.
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May 22, 2013 - Aberdeen completes U.S. fund manager acquisition
Outlet: Money Marketing - Online
Aberdeen Asset Management has completed the deal to buy U.S. fund management house Artio Global Investors.
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May 21, 2013 - Macquarie appoints new president and CEO
Outlet: RenewableEnergyWorld.com
Macquarie Infrastructure Co. has appointed Alicia Moy to the position of president and CEO of its HAWAIʽIGAS business.
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May 21, 2013 - ICSC elects David LaRue of Forest City Enterprises as new chairman
Outlet: Financial Post - Online
The International Council of Shopping Centers (ICSC) has elected David LaRue, president and CEO of Forest City Enterprises, Inc., to serve as the association’s chairman for the 2013–2014 term.
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May 21, 2013 - Duke puts 17-property office portfolio up for sale
Outlet: Business Courier of Cincinnati
Duke Realty Corp. is offering for sale 17 office buildings with 2.3 million square feet in the Cincinnati, Cleveland and St. Louis areas.
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May 21, 2013 - Brandywine REIT selling interest in Austin portfolio
Outlet: Austin Business Journal - Online
Brandywine Realty Trust (NYSE: BDN) has placed its Austin suburban office portfolio on the market with an unusual marketing proposition.
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May 21, 2013 - Russian property volumes top €2.5 billion in first quarter
Outlet: PropertyEU - Online
Real estate investment in Russia reached $3.3 billion (€2.5 billion) in the first quarter of 2013, according to Colliers International. This is four times more than both the first quarter of 2012 and 2011.
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May 21, 2013 - Macquarie sells out of MGPA
Outlet: The Age
Macquarie Bank has sold out of one of the last remaining pre-GFC property funds management operations with the takeover of real estate advisory firm MGPA by US company BlackRock.
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May 21, 2013 - First Potomac raises secondary offering to $91 million
Outlet: Washington Business Journal - Online
Bethesda-based First Potomac Realty Trust will sell 6.5 million shares in a secondary offering at $14.70 per share, up from an initial plan to sell 6 million shares.
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May 21, 2013 - Dentons leads on debut Immofinanz WSE listing
Outlet: Released
Dentons’ Capital Markets team in Warsaw has led on the recent debut listing of Immofinanz, the largest Austrian real estate company, on the Warsaw Stock Exchange.
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May 21, 2013 - CBRE futher strengthens capital markets team
Outlet: Released
CBRE has further strengthened its capital markets group with the appointment of Stephen Miles from Jones Lang LaSalle to support real estate investment clients throughout the EMEA region.
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May 21, 2013 - Hong Kong is top target for new retail entrants
Outlet: Released
Hong Kong is the world’s hottest retail market, attracting significantly more new entrants than any other city, according to the 2013 edition of How Global is the Business of Retail? by leading global property advisor CBRE.
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May 20, 2013 - BlackRock to acquire MGPA
Outlet: Released
BlackRock has agreed to acquire MGPA, making it a $25 billion global real estate investment manager.
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May 20, 2013 - APG joins PGGM in voicing concerns on GSW appointment
Outlet: PropertyEU - Online
A second large shareholder has raised questions about the recent appointment of the new CEO at German listed residential property company GSW.
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May 20, 2013 - Valley property sold for $124 million
Outlet: Brisbane Times
A commercial office tower on Ann St., located Fortitude Valley's real estate market, has been sold for $124.67 million, as part of a massive deal set to re-shape the bottom end of the street.
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May 20, 2013 - Blackstone buys $241.5 million in Washington-area industrial properties
Outlet: Capital Business
An affiliate of Blackstone Group, the New York private equity firm, will buy 23 industrial properties in Virginia, Maryland and the District as part of a sell-off of local property by Bethesda-based First Potomac Realty Trust.
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May 20, 2013 - LGP acquires £70 million Marston's portfolio
Outlet: Released
Legal & General Property (LGP) has completed a sale and leaseback purchase of a portfolio of 27 Marston’s pubs for a total consideration of just under £70 million.
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May 20, 2013 - Contra Costa County ERA proposes $241 million investment in private real estate
Outlet: Institutional Real Estate Newsline
The $5.95 billion Contra Costa County (Calif.) Employees Retirement Association board has proposed an additional allocation of $241 million to invest in closed-end real estate funds.
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May 20, 2013 - Blackstone forms two new REITs
Outlet: CoStar Group
One for Hotels; One for Mortgages The ranks of real estate investment trusts continues to grow with Blackstone Group seeks to establish two new commercial REITs, BRE Select Hotels Corp. and Blackstone Mortgage Trust.
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May 20, 2013 - Henderson launches U.S. student housing fund
Outlet: Released
Henderson Global Investors plans to launch a U.S. Student Housing Fund to invest in high-quality student housing properties in target markets within the United States.
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May 20, 2013 - Tailwater Capital spins out of HM Capital with $425 million fund
Outlet: Citybizlist Boston
Tailwater Capital, a newly formed Dallas-based private equity firm, has partnered with Landmark Partners to complete the secondary purchase of HM Capital's legacy energy portfolio.
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May 20, 2013 - Kimco Realty completes the sale of a nine-property Mexican shopping center portfolio
Outlet: Business Wire - Online
Kimco Realty Corp. has closed on the sale of a nine-property Mexican shopping center portfolio to a local real estate operator for a gross sales price of 3.35 billion Mexican pesos ($274 million).
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May 19, 2013 - Qatar to announce new overseas energy infrastructure fund
Outlet: Al Arabiya News Channel
Three Qatari state-backed entities, including the Gulf Arab nation's acquisitive sovereign wealth fund, are to establish a new overseas fund which will look to invest in energy infrastructure, a statement said on Monday.
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May 17, 2013 - Denver firm acquires 14W apartments for $110 million
Outlet: Washington Business Journal - Online
An affiliate of Simpson Property Group has paid $110 million for the 231-unit 14W apartment building in Washington, D.C.
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May 17, 2013 - Hines to develop more office space in Houston
Outlet: Houston Business Journal
Hines recently acquired a 35,000-square-foot development site in the River Oaks neighborhood of Houston that is slated to become an office project. Hines may build another office tower in the inner-Loop.
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May 17, 2013 - Nippon Prologis to raise $808 million to expand in Japan
Outlet: American Journal Of Transportation - Online, The
Nippon Prologis REIT, a real estate trust set up by U.S. warehouse operator Prologis, said it would sell 96,200 new shares worth 82.8 billion yen ($808 million) to further expand in Japan.
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May 17, 2013 - Prism partners with Angelo, Gordon on $121 million buy
Outlet: Real Estate Weekly - Online
Prism Capital Partners has teamed up with Angelo, Gordon & Co. to acquire Princeton Pike Corporate Center for $121 million.
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May 17, 2013 - Fowler Multifamily holds first close for apartment fund
Outlet: Institutional Real Estate Newsline
San Francisco–based Fowler Property Acquisitions Multifamily has held a $310 million first close for its fourth fund.
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May 17, 2013 - U.S. added 33 MW of new solar in April
Outlet: PV Magazine - Online
The 17 MW Foothills Solar Power Plant being developed by the Arizona Public Services Co. in Yuma, Ariz., accounted for more than half of the new solar capacity added in the States last month.
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May 17, 2013 - Hines sells three Southern California buildings for $550 million
Outlet: Institutional Real Estate Newsline
Hines has entered into a contract with GI Partners to sell three properties in Southern California for approximately $550 million.
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May 17, 2013 - CalSTRS looks for real estate portfolio manager
Outlet: Institutional Real Estate Newsline
The $161.4 billion California State Teachers’ Retirement System (CalSTRS) is looking for a real estate portfolio manager.
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May 17, 2013 - LaSalle raises £238 million LaSalle Residential Finance I
Outlet: Released
LaSalle Investment Management has held a final close for its LaSalle Residential Finance I. The £238 million vehicle aims to provide developers with senior ranking whole loan financing for residential projects and student housing development schemes
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May 17, 2013 - LGP hires Cushman & Wakefield's Chris Hunt
Outlet: Released
Legal & General Property has appointed Chris Hunt as a senior asset manager to support its £800 million Property Unit Trust.
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May 17, 2013 - Henderson Global Investors and Palmira acquire logistics park in Winsen an der Luhe, Germany
Outlet: Released
Henderson Global Investors and Palmira Capital Prtner have acquired a logistics park in Winsen an der Luhe, Germany on behalf of the Henderson German Logistics Fund.
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May 17, 2013 - Legal & General funds student accommodation development in Elephant & Castle
Outlet: Released
Legal & General Property has agreed to forward fund a student accommodation scheme in Elephant & Castle, London, for a total consideration of £25.7 million.
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May 17, 2013 - FTSE EPRA/NAREIT real estate indices surpass $10 billion in ETF-linked AUM
Outlet: Released
FTSE Group (FTSE), the global index provider, has announced that the ETF assets linked to the FTSE EPRA/NAREIT Global Real Estate Index Series, reached $10.5 billion in assets under management, as of April 30, 2013.
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May 17, 2013 - Recent commercial real estate acquisitions
Outlet: Institutional Real Estate Newsline
The two largest completed transactions included an office in Watertown, Mass., and a hotel in San Jose.
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May 16, 2013 - Brixmor names former Kimco COO as new president/CFO
Outlet: Chain Store Age - Online
Brixmor Property Group has appointed Michael Pappagallo as president and CFO.
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May 16, 2013 - Elco Landmark Residential acquires two multifamily assets located in North Carolina
Outlet: Daily Finance
Elco Landmark Apartment Trust Holdings has acquired two garden-style multifamily properties located in Cary, N.C., for a combined purchase price of approximately $56 million.
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May 16, 2013 - SREI Infrastructure not to acquire Austrian Hypo Alpe Adria
Outlet: Indiainfoline.com
The media had reports that SREI Infrastructure Finance Limited has expressed interest in buying the Austrian subsidiary of the Hypo Alpe Adria.
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May 16, 2013 - China ups stakes in local power firms
Outlet: North West Weekly / Brimbank Weekly - Online
State Grid Corp of China has agreed to buy large stakes in Australian power companies from Singapore's Temasek Holdings in a deal that could be worth over $5 billion.
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May 16, 2013 - SGCC buys 60 percent of Singapore Power's Australian assets
Outlet: Shanghai Business Review - Online
State Grid Corp of China added another unit to its international expansion drive after acquiring 60 percent of Singapore Power Ltd’s unlisted Australian assets. The purchase includes the Jemena utility business.
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May 16, 2013 - Dundee to raise up to €109 million
Outlet: EGi
Dundee International, the Germany-focused Canadian REIT, is raising up to C$143.9 million (€109 million) through an equity offering to fund future acquisitions.
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May 16, 2013 - BNP Paribas Real Estate sells advisory business in India
Outlet: Livemint.com
BNP Paribas SA, France's largest bank, has sold its majority stake in its Indian real estate advisory unit to its local joint venture partner for an undisclosed amount.
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May 16, 2013 - Qatar buys into Milan property project
Outlet: Released
Qatar’s sovereign wealth fund has bought a 40-percent stake in a new 290,000-square meter skyscraper project near the center of Milan with a commercial value of €2.0 billion euros ($2.6 billion).
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May 16, 2013 - HCN gets $1.7 billion from equity offering
Outlet: Yahoo! Finance
Recently, Health Care REIT announced the closure of its public offering of common stock. Health Care REIT generated gross proceeds of approximately $1.7 billion from the offering.
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May 16, 2013 - Agree Realty announces joint venture
Outlet: DailyMarkets.com
Agree Realty Corp. has closed on a 4.2 acre parcel of land in conjunction with Real Estate Affiliates as part of its Joint Venture Capital Solutions program.
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May 16, 2013 - Forest City and AIGform strategic equity partnership for apartment project
Outlet: DailyMarkets.com
Forest City Enterprises has closed a strategic capital partnership with AIG Global Real Estate for the development of 3700M, a 381-unit apartment project in the West Village neighborhood.
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May 16, 2013 - GGP and TIAA-CREF enter partnership to own The Grand Canal Shoppes
Outlet: State Journal - Online, The
General Growth Properties and TIAA-CREF have formed a partnership to own and operate The Grand Canal Shoppes, including The Shoppes at the Palazzo, located in Las Vegas, Nevada.
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May 16, 2013 - Non-traded REIT pays $77 million for Ariz. industrial complex
Outlet: Commercial Real Estate Direct
Industrial Income Trust has paid $77 million, or $94.25/sf, for Broadway 101 Commerce Park, an 808,419-square-foot industrial property in Mesa, Ariz.
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May 16, 2013 - New Rochelle, N.Y., apartments offered for sale, may fetch $225 million
Outlet: Commercial Real Estate Direct
AvalonBay Communities is offering for sale the Avalon on the Sound East, a 588-unit apartment property in the New York City suburb of New Rochelle, N.Y., that could fetch about $225 million.
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May 16, 2013 - Kimco acquires partner's interest in marketplace near Seattle
Outlet: Business Wire - Online
Kimco Realty Corp. has added the Marketplace at Factoria in the suburban Seattle community of Bellevue, Wash., to its consolidated portfolio.
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May 16, 2013 - Getty Realty pays $72.5 million for gas station portfolio
Outlet: New York Business Journal
Getty Realty Corp. has paid $72.5 million for 36 Exxon-Mobil and Shell gas station properties in the New York and Washington, D.C., areas.
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May 16, 2013 - Indianapolis office complex sold for $79.1 million
Outlet: Commercial Real Estate Direct
An affiliate of American Realty Capital Trust IV Inc. has paid $79.1 million for the Rolls-Royce office complex at 450 South Meridian St. in Indianapolis.
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May 16, 2013 - Ares to buy multifamily lender Alliant Capital
Outlet: Released
In another big commercial move, Chicago-based Ares Commercial Real Estate Corp. will buy multifamily lender Alliant Capital. The sale will cost $62.8 million.
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May 16, 2013 - Abu Dhabi Wealth Fund hires John McCarthy from Deutsche Bank
Outlet: Bloomberg News - Online
The Abu Dhabi Investment Authority has named John McCarthy as its global head of infrastructure.
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May 16, 2013 - Union Investment acquires Fiege logistics development in Switzerland
Outlet: Released
Union Investment Real Estate GmbH is adding to its logistics portfolio in Europe’s growth centres – the Hamburg-based investment manager has purchased its first logistics property in Switzerland.
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May 15, 2013 - GPT to sell interest in Australian shopping center
Outlet: Released
Australian REIT GPT has plans to sell its 50 percent stake in the Erina Fair shopping mall in New South Wales for $397.1 million. The National Pension Service of South Korea is reportedly the buyer.
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May 15, 2013 - DDR Corp. takes full control of Blackstone JV for $1.46 billion
Outlet: Released
DDR Corp. will pay $1.46 billion for a 95 percent stake in 30 shopping centers the REIT owns in a joint venture with The Blackstone Group.
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May 15, 2013 - Tishman, Highwoods pursuing One Alliance acquisition
Outlet: Atlanta Business Chronicle - Online
Tishman Speyer is pursuing the acquisition of Buckhead’s One Alliance Center tower.
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May 15, 2013 - Brookdale to pay $80.9 million for seven seniors facilities
Outlet: Commercial Real Estate Direct
Brookdale Senior Living Inc. has agreed to pay $80.9 million for a portfolio of seven senior-living communities with a total of 613 units.
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May 15, 2013 - Beacon Capital to sell Seattle's Wells Fargo Center
Outlet: Wall Street Journal
Beacon Capital Partners has struck a deal to sell the 941,000-square-foot Wells Fargo Center in Seattle to a venture of Ivanhoe Cambridge and Callahan Capital Partners.
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May 15, 2013 - Land Securities/CPPIB JV to develop the £768 million first phase of Victoria Circle
Outlet: Released
Land Securities and its joint venture partner Canada Pension Plan Investment Board (CPPIB) have confirmed the commencement of the £768 million first phase of its Victoria Circle project.
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May 15, 2013 - UPDATE: Pathfinder extends final close for residential fund
Outlet: Institutional Real Estate Newsline
Editor’s note: Pathfinder Partners LLC has extended its final close for its Pathfinder Partners Opportunity Fund IV to Aug. 31.
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May 15, 2013 - Madison raises additional $93 million for fifth fund
Outlet: Institutional Real Estate Newsline
Madison International Realty continues a strong fundraising period for its fifth value-added fund, Madison International Real Estate Liquidity Fund V.
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May 15, 2013 - Aberdeen Asia nears final close for third Asia fund
Outlet: Institutional Real Estate Newsline
Aberdeen Asset Management has plans to hold a final close for its Aberdeen Asia III Property Fund of Funds on May 31.
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May 15, 2013 - Kayne Anderson nears final close for third fund
Outlet: Institutional Real Estate Newsline
Kayne Anderson Capital Advisors has planned a final close for its Kayne Anderson Real Estate Partners III (KAREP III) on May 31.
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May 15, 2013 - LatAm IV makes Brazilian residential investment
Outlet: Institutional Real Estate Newsline
Paladin Realty Latin America Investors IV (LatAm IV) has completed an investment in the newly created home building joint venture A-PIMA II.
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May 15, 2013 - United Kingdom slips into third position
Outlet: Released
Russia will soon overtake the United Kingdom for the first time to become the second-largest shopping center market in Europe, according to a report published by global property consultants Cushman & Wakefield.
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May 15, 2013 - LaSalle confirms fourth Canadian real estate fund
Outlet: Released
LaSalle Investment Management has launched LaSalle Canadian Income & Growth Fund IV. Investment activity will focus on properties across the office, retail and warehouse market segments in Canada’s top six metropolitan areas.
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May 15, 2013 - LGP acquires three Uxbridge office assets
Legal & General Property has purchased three office assets in Uxbridge, let to Xerox, for a total consideration of over £34 million.
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May 15, 2013 - Rockspring sells Riverside House, Aberdeen for £13.75 million
Outlet: Released
Rockspring Property Investment Managers has sold Riverside House in Aberdeen on behalf a separate account mandate for £13.75 million to Aston Property Ventures.
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May 15, 2013 - Ares names Schuster Co-CEO
Outlet: GlobeSt.com
Ares Commercial Real Estate Corp. has selected one of its directors, Todd Schuster, to serve as co-CEO.
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May 15, 2013 - Quincy Allen and Neville Rhone form Arc Capital Partners
Outlet: Released
Quincy Allen and Neville Rhone, 20-year real estate veterans, have formed Arc Capital Partners, a boutique commercial real estate platform, to capitalize on the improving fundamentals for assets that are priced below intrinsic value.
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May 15, 2013 - Severn Trent rejects international takeover
Outlet: Sky News - Online
Water company Severn Trent has rejected a takeover from a consortium of foreign and British buyers.
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May 15, 2013 - J.C. Penney real estate appraised at $4.06 billion
Outlet: Advocate-Messenger - Online, The
J.C. Penney Co. real estate holdings -- stores, distribution centers and headquarters -- are worth a total of $4.06 billion.
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May 15, 2013 - Skai Holdings to build $1 billion hotel on Palm Jumeirah
Outlet: Gulf News - Online
Dubai-based Skai Holdings plans to build a $1 billion hotel with over 200 serviced apartments on Palm Jumeirah.
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May 15, 2013 - Ashford Hospitality completes acquisition of Pier House Resort and Spa
Outlet: Google News
Ashford Hospitality Trust has completed the previously-announced acquisition of the 142-room Pier House Resort and Caribbean Spa in Key West, Florida, for total consideration of $90 million .
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May 15, 2013 - Balfour Beatty JV awarded Thames Water contract worth up to £1.5 billion
Outlet: Balfour Beatty
SMB — a joint venture between Balfour Beatty Plc, Skanska and MWH Global — has secured a seven-year contract with Thames Water, which provides water to London and southern England.
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May 14, 2013 - Avison Young opens new office in Charlotte, North Carolina
Outlet: PR Newswire
Avison Young opens its 31st office outside Canada and third office in North Carolina.
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May 14, 2013 - ADIA hires new infrastructure boss
Outlet: ArabianBusiness.com
The Abu Dhabi Investment Authority (ADIA), one of the world's largest sovereign wealth funds, has hired a senior Deutsche Bank AG executive to head its division that handles global infrastructure investments.
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May 14, 2013 - Dexus sells five of its six European properties
Outlet: Yahoo! Finance Australia
Australia-based Dexus Property Group has sold five of its six remaining European industrial properties for a total of €16.5 million ($21.2 million).
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May 14, 2013 - Artemis teams with Primestor for retail
Outlet: GlobeSt.com
-Artemis Real Estate Partners and Primestor Development have formed a joint venture to acquire institutional quality core-plus retail properties in mainstream locations throughout the California.
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May 14, 2013 - W. P. Carey seeks $1 billion from new CPA offering
Outlet: GlobeSt.com
W. P. Carey has stated the registration statement for Corporate Property Associates 18 – Global (CPA:18 – Global), its newest non-traded REIT offering, has been declared effective and aims to raise $1 billion.
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May 14, 2013 - Pathfinder plans final close for residential fund
Outlet: Institutional Real Estate Newsline
Pathfinder Partners LLC has planned a final close for its Pathfinder Partners Opportunity Fund IV on May 31.
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May 14, 2013 - International Farming Corp. fund nears final close
Outlet: Institutional Real Estate Newsline
International Farming Corp. has planned a final close for its U.S. Farming Realty Trust II on May 31, 2013.
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May 14, 2013 - Ontario Teachers' Pension Plan names Ron Mock as next president, CEO
Outlet: GlobalPost.com
Ron Mock has been named president and CEO of the Ontario Teachers' Pension Plan. He replaces Jim Leech, who is set to retire at the end of December.
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May 14, 2013 - European real estate investment surges 28 percent in first quarter as buyers widen search
Outlet: Released
The first quarter of 2013 saw high levels of direct real estate investment across Europe, building on the momentum at the end of 2012, as both international and domestic investors targeted real estate assets.
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May 14, 2013 - Stefan Stefanov appoints construction manager for Tishman Management Co.
Outlet: Released
Tishman International Cos. has announced the appointment of Stefan Stefanov as construction manager for Tishman Management Co.
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May 14, 2013 - Deka Immobilien acquires commercial property in Spain
Outlet: Released
Deka Immobilien GmbH has acquired Ronda de Sant Pedro 5, paying around €19 million for this office and retail property in Barcelona.
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May 14, 2013 - Henderson hires two portfolio managers to drive retail portfolio value
Outlet: Released
Henderson Global Investor has hired Paul-Eric Perchaud and Julien Chaperon to strengthen its French team. Both will be based in Paris.
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May 14, 2013 - CBRE Global Investors Fund acquires San Jose Hotel
Outlet: Released
CBRE Strategic Partners U.S. Value 6, a fund sponsored by CBRE Global Investors, has acquired the San Jose Marriott Hotel, a 506-guest-room, class A full-service hotel in downtown San Jose, Calif., for significantly less than replacement cost.
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May 14, 2013 - Commerzbank in talks to sell €5.7 billion of U.K. property loans
Outlet: Thomson Reuters - India - Online
Commerzbank is in talks to divest the bulk of its €5.7 billion in British property loans.
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May 13, 2013 - Arena to list $240 million fund after raising
Outlet: The Australian
Morgan Stanley's Arena Investment Management intends to list a $240 million property fund it manages on the Australian Securities Exchange following a $75 million equity raising to be held next week.
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May 13, 2013 - Savanna offers Manhattan's 5 Hanover Square for sale
Outlet: Crain's New York Business - Online
Savanna Partners is offering for sale the 340,000-square-foot office building at 5 Hanover Square in Manhattan for approximately $200 million.
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May 13, 2013 - Benderson develops $315 million retail projects
Outlet: Tampa Bay Business Journal - Online
Benderson Development is developing the 800,000-square-foot Mall at University Town Center in Sarasota, Fla. The Sarasota developer began work on the project in October and plans to open it in October 2014.
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May 13, 2013 - LaSalle gears up for its fourth Canadan institutional real estate fund
Outlet: Financial Post - Online
The Canadian arm of LaSalle Investment Management has plans to raise $250 million for fourth real estate fund.
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May 13, 2013 - Brookfield’s Brazilian timber fund exceeds fundraising goal
Outlet: Institutional Real Estate Newsline
Toronto-based Brookfield Asset Management has raised approximately $270 million for its Brookfield Brazil Timber Fund II.
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May 13, 2013 - La Française Real launches €150 million open-end fund
Outlet: Institutional Real Estate Newsline
La Française Real Estate Managers has launched LFP Immo SR 2, an open-end fund with a €150 million ($190 million) equity target.
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May 13, 2013 - Asia Pacific REIT investing
Outlet: Wealth Daily
In the American real estate market, mistakes were made by the lot-full from the early 2000’s until the sub-prime real estate implosion of 2008, the consequences of which are still plaguing the U.S. economy all these years later.
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May 13, 2013 - Terrace Hill completes two pre-let and pre-sold forstore developments
Outlet: Released
Terrace Hill Group has completed the delivery of two pre-let and pre-sold foodstore developments in the North East of England; in Sunderland and in Sedgefield.
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May 13, 2013 - Londonmetric Property acquires retail warehouse park in Ipswich
Outlet: Released
LondonMetric Property Plc has exchanged on the acquisition of Martlesham Heath Retail Park, Ipswich from clients of JPMorgan Asset Management.
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May 13, 2013 - Grainger and Dorrington create JV for £111 million South London portfolio
Outlet: Released
Grainger and Dorrington announce the creation of a 50/50 joint venture, Walworth Investment Properties Limited, which has been formed to acquire a portfolio of South London residential property for £111 million.
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May 13, 2013 - Aviva deal could fund 600 private rent homes
Outlet: Inside Housing Online
A2Dominion, which owns and manages 34,000 homes, is to build 750 private rented homes over the next five years as one of a wave of social landlords wading into the sector.
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May 13, 2013 - Rockspring extends Asia Pacific platform with the launch of first North East Asian office in Seoul
Outlet: Released
Rockspring Property Investment Managers has opened an office in Seoul, South Korea, to further support its growing investor base in the region.
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May 13, 2013 - The Bishopsgate Long Term Property Fund Unit Trust acquires two more assets
Outlet: Released
The Bishopsgate Long Term Property Unit Trust Fund, advised by Cordea Savills, has completed its second and third acquisitions, comprising a Tesco food store in the Cotswold town of Stroud and a hotel/office complex in Cardiff.
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May 13, 2013 - LaSalle sells German retail park portfolio
Outlet: Released
LaSalle Investment Management has sold a portfolio of three German retail parks to pension funds “Pensionskasse der Mitarbeiter der Hoechst-Gruppe VVaG” and “Höchster Pensionskasse VVaG” on behalf of its Income and Growth Fund.
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May 13, 2013 - Deutsche Bank and Apollo Global Management refinance Blackstone owned Chiswick Park
Outlet: Released
Deutsche Bank has advanced a new £400 million senior loan facility to refinance Chiswick Park in London. The £200 million mezzanine facility was provided by Apollo Global Management on behalf of a separate managed account.
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May 13, 2013 - M&G partners with Asian institutional investor to acquire three superstores
Outlet: Released
M&G Real Estate has formed a partnership with an Asian institutional investor to acquire a 70 percent stake in the long leases of three superstores with a combined market value of £237 million.
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May 13, 2013 - Deka Immobilien sells logistics property in the USA
Outlet: Released
Deka Immobilien GmbH has sold a logistics complex at 311-315 Half Acre Road in Cranbury, New Jersey. It was previously held in the property portfolio of Deka-S-PropertyFund No. 1.
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May 13, 2013 - UNOFI acquires the "Atria" building in Paris
Outlet: Released
GDG Investissements has sold the "Atria" property in the 10th district of Paris to UNOFI Assurances.
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May 13, 2013 - Tristan holds second closing for EPISO 3 Fund
Outlet: Released
ristan Capital Partners has completed a second closing for its opportunistic real estate fund EPISO 3, nearing the halfway point to its final target of €750 million, with deals for this investment strategy in Europe.
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May 13, 2013 - Real I.S. buys mixed-use scheme in The Hague
Outlet: Released
Real I.S. Investment has purchased the De Kroon mixed-use property in The Hague, Netherlands for €38 million advised by international real estate advisor Savills and Loyens & Loeff.
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May 13, 2013 - USAA Real Estate Co. and Patrinely Group announce new development at La Cantera
Outlet: Herald - Online, The
USAA Real Estate Co. and its development partner, Patrinely Group announced WestRidge at La Cantera. WestRidge, a new, master-planned office development led by Patrinely Group
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May 12, 2013 - Kimco Realty appoints COO
Outlet: CNBC
Kimco Realty Corp. has announced that Conor Flynn, president of the company's Western Region, has been named executive vice president and COO.
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May 12, 2013 - Carr Properties nears deal for $300 million Israeli investment, plans to go public
Outlet: Washington Business Journal
Carr Properties is in the final stages of landing a $300 million investment from Alony Hetz Properties and Investments, one of the largest real estate investment companies in Israel.
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May 12, 2013 - Patron plans $1.3 billion German property spending
Outlet: Bloomberg
Patron Capital Partners, a private-equity firm that invests in European real estate, plans to spend more than €1 billion ($1.3 billion) on German properties over the next two year.
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May 10, 2013 - Cassidy Turley promotes five
Outlet: CoStar Group
Cassidy Turley announced the promotion of five employees at its Minneapolis office within the property management, brokerage and administrative divisions.
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May 10, 2013 - Lone Star said to finish raising $5 billion property fund
Outlet: Bloomberg News - Online
Lone Star Funds is set to finish raising a $5 billion fund today, May 10, a person with knowledge of the situation said.
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May 10, 2013 - REITs outperform the broader stock market in April
Outlet: Institutional Real Estate Newsline
U.S. REITs outperformed the broader equity market in April, with All Equity REITs returning 6.33 percent versus the S&P 500 Index’s 1.93 percent, according to the FTSE NAREIT U.S. REIT Index.
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May 10, 2013 - J.P. Morgan raises $100 million for second Asian infrastructure fund
Outlet: Institutional Real Estate Newsline
J.P. Morgan Asset Management has raised approximately $100 million for its J.P. Morgan Asian Infrastructure & Related Resources Opportunity Fund II US.
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May 10, 2013 - Pensions Infrastructure Platform seeks investment manager
Outlet: Institutional Real Estate Newsline
The Pension Infrastructure Platform, a £2 billion ($3.1 billion) fund launched by a group of 10 U.K. pension funds to invest in core infrastructure assets, will begin looking for investment managers.
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May 10, 2013 - Recent commercial real estate acquisitions
Outlet: Institutional Real Estate Newsline
The two largest completed transactions included a mall in Hollywood, Fla., and a mid/high-rise apartment complex in Houston.
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May 10, 2013 - Oaktree raises $710 million for sixth distress fund
Outlet: Institutional Real Estate Newsline
Oaktree Capital Group has raised $710.3 million for its Oaktree Real Estate Opportunities Fund VI (ROF VI).
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May 10, 2013 - Feri and US Treuhand establishes U.S. real estate company
Outlet: Released
Feri and US Treuhand in Darmstadt just signed an agreement for an extensive collaboration. At the core of the agreement is the formation of a joint company to be named UST Immobilien GmbH.
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May 10, 2013 - AXA Real Estate’s Tokyo Office Property Fund completes second acquisition
Outlet: Released
Tokyo Office Property Fund, a fund managed by AXA Real Estate Investment Managers, has completed the acquisition of Kyobashi Square, a core building located in the Chuo-Ku district of central Tokyo, from Godo Kaisha Kyobashi Property.
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May 10, 2013 - Hong Kong property sales plummet
Outlet: WorldPropertyChannel.com
Hong Kong property sales are down 60 percent from a year ago, providing the first clear evidence that new government policies are slowing down one of the world's hottest markets.
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May 10, 2013 - LaSalle sells German retail park portfolio
Outlet: PropertyEU - Online
LaSalle Investment Management has sold a portfolio of three German retail parks to two pension funds.
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May 10, 2013 - Ares to buy AREA Property Partners
Outlet: peHUB
Ares Management has signed a definitive agreement to acquire AREA Property Partners.
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May 9, 2013 - Mirvac nets $584 million in office assets
Outlet: Fairfield City Champion - Online
Mirvac has kicked off its new strategy of focussing on the core office sector with the highly-anticipated acquisition of seven GE Capital office assets in Sydney, Melbourne and Perth, valued at $584 million.
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May 9, 2013 - Canadian Tire plans $3.5 billion REIT
Outlet: Toronto Sun - Online, The
Canadian Tire Corp, best-known for its namesake automotive and homeware stores, said it plans to create a $3.5 billion real estate investment trust through an initial public offering in the fall of 2013.
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May 9, 2013 - LACERA hires three new separate account managers
Outlet: Institutional Real Estate Newsline
The $39.2 billion Los Angeles County Employees Retirement System (LACERA) has hired three new separate account managers to invest up to an additional $600 million in real estate.
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May 9, 2013 - SFERS approves commitment to multifamily fund
Outlet: Institutional Real Estate Newsline
The $15.6 billion San Francisco City & County Employees’ Retirement System (SFERS) has approved a $40 million commitment to the Berkshire Multifamily Value Plus Fund III.
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May 9, 2013 - Cerberus financing landlords Wall Street can’t reach
Outlet: Bloomberg News
Cerberus Capital Management is entering the booming market for single-family homes to rent, planning to lend billions of dollars to investors too big for government programs and too small to get Wall Street funding.
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May 9, 2013 - Malaysia's biggest REIT jumps on relisting as property shines
Outlet: Yahoo! Finance
KLCC Property Real Estate Investment Trust, Malaysia's biggest REIT, rose as much as 6.3 percent in its relisting on Thursday, benefiting from strong demand for property-related stocks amid growth in Southeast Asia's third-biggest economy.
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May 9, 2013 - CBRE selected to exclusively market The Texas Core Industrial Portfolio
Outlet: Citybizlist - Dallas Real Estate
CBRE has been exclusively retained by Stockbridge Capital Group to market the Texas Core Industrial Portfolio, consisting of approximately 2.4 million square feet.
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May 9, 2013 - Ashkenazy pays $58 million for Manhattan building
Outlet: New York Post
Ashkenazy Acquisition Corp. is buying a five-story building at the corner of Madison Avenue and East 63rd St. in Manhattan for $58 million.
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May 9, 2013 - Bank-branch portfolio sells for $97.2 million
Outlet: Citybizlist New York
A group of unidentified investors has paid $97.2 million for 47 bank branches in the New York City metropolitan area that are triple-net leased to Citibank.
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May 9, 2013 - Ashford Hospitality pays $90 million for Key West, Fla., Hotel
Outlet: Commercial Real Estate Direct
Ashford Hospitality Trust has agreed to pay $90 million for the 142-room Pier House Resort and Caribbean Spa in Key West, Fla.
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May 9, 2013 - Optima plans second, 60-story apartment tower in Streeterville
Outlet: Crain's Chicago Business
The developer of a new Streeterville apartment tower is teeing up plans for another one next door, adding to the bulging pipeline of downtown rental projects.
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May 9, 2013 - LaSalle to sell logistics portfolio to Japanese investors
Outlet: Institutional Real Estate Newsline
Chicago-based LaSalle Investment Management will be selling eight logistics assets in Japan to a group of Japanese institutional investors for $900 million.
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May 9, 2013 - Abbott commits to NSW tunnel
Outlet: Courier-Mail - Online
The NSW government is close to striking a deal with federal Labor on funding for the project linking F3 and M2 motorways. Under the plan, both levels of government would invest up to $400 million, with construction to start as early as next year.
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May 8, 2013 - Dubai eyes $500 million distressed property fund by end-2013
Outlet: ArabianBusiness.com
Investment Corporation of Dubai and Brookfield Asset Management expect to secure the $500 million in financing needed to launch a real estate fund to help recapitalize stalled or semi-complete projects in Dubai by the end of 2013.
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May 8, 2013 - CNPC set to buy Brazil oil firm for $2 billion
Outlet: Business Times - Online, The
China National Petroleum Corp., China's largest oil producer, is in talks to acquire Barra Energia Petroleo e Gas, a Brazilian oil start-up, for about $2 billion.
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May 8, 2013 - GMR Infrastructure looks to sell stake in four road assets
Outlet: Economictimes
GMR Infrastructure is in talks with potential investors such as Morgan Stanley Infrastructure Fund, Citigroup Venture Capital, SBI Macquarie and ICICI Venture to divest stake in four toll road assets and raise about Rs 1,800 crore to cut debt.
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May 8, 2013 - CBBIB, GECRE form $403 million Tokyo office venture
Outlet: Released
Canada Pension Plan Investment Board (CPPIB) and GE Capital Real Estate (GECRE) has formed the Tokyo Office Venture targeting investment in mid-size class A and class B offices in key Central Business District sub-markets.
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May 8, 2013 - Lubert-Adler creates $2 billion-multifamily portfolio
Outlet: Released
With the $78 million acquisition of Hunting Point, a 530-unit apartment complex on Potomac River in Alexandria, Va., Lubert-Adler has amassed a multifamily portfolio valued at approximately $2 billion for its domestic institutional investors.
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May 8, 2013 - OPIC commits $100 million to Paladin
Outlet: Institutional Real Estate Newsline
Overseas Private Investment Corp. (OPIC) has committed to $100 million to Paladin Realty Latin America Investors IV.
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May 8, 2013 - David Simon is new managing director at Massey Knakal's New Jersey division
Outlet: PRWeb - Online
David Simon has been hired as as executive managing director of the New Jersey division at Massey Knakal Realty Services.
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May 8, 2013 - Invesco offers Chicago-area shopping center
Invesco Real Estate is in the market to sell a 437,546-square-foot shopping center in Geneva, Ill., that backs $64 million of CMBS debt that matured last week.
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May 8, 2013 - Key West Resort sells for $90 million
Outlet: Hotel News Resource
Ashford Hospitality Trust has acquired the 142-room Pier House Resort and Caribbean Spa in Key West, Fla., for $90 million in cash. The acquisition is expected to close within the next 15 days.
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May 8, 2013 - China property developers look to build in the United States
Outlet: WorldPropertyChannel.com
Chinese property developers are looking for development opportunities in the United States, following the fast-growing number of Chinese citizens buying property in the United States.
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May 8, 2013 - Hines sells two NYC buildings for more than $1 billion
Outlet: Released
Hines, on behalf of its Hines U.S. Core Office Fund, has sold 499 Park Ave. in Manhattan and 425 Lexington Ave. in Manhattan.
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May 8, 2013 - Angelo Gordon raises $130 million for net lease fund
Outlet: Institutional Real Estate Newsline
Angelo, Gordon & Co. has raised approximately $130.2 million for its AG Net Lease Realty Fund III
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May 8, 2013 - Revera sells stake in Canadian senior housing for $1 billion
Outlet: AustraliaNews.net
Health Care REIT has agreed to buy a 75 percent stake in 47 senior housing communities in Canada from Revera for about $1 billion.
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May 7, 2013 - Brookfield Infrastructure announces $296 million equity offering
Outlet: Yahoo! Canada
Brookfield Infrastructure has agreed to issue 5,677,100 L.P. units, on a bought deal basis, to a syndicate of underwriters at a price of $37.75 per L.P. unit for gross proceeds of $214 million.
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May 7, 2013 - Vornado investing millions in Springfield Mall transformation
Outlet: Washington Business Journal - Online
The transformation of the Springfield Mall is expected to cost Vornado $225 million by the middle of next year — $21.5 million before 2013, $100 million in 2013 and another $100 million in 2014.
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May 7, 2013 - Parkway pays $66 million for Miami office
Outlet: Commercial Real Estate Direct
Parkway Properties has agreed to pay $66 million or Lincoln Place, a 140,000-square-foot office and retail building in the South Beach submarket of Miami.
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May 7, 2013 - Fundraising volume on the downturn
Outlet: Institutional Real Estate Newsline
Fundraising activity slowed drastically during first quarter 2013 compared with the high volume posted during fourth quarter 2012.
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May 7, 2013 - Duke Realty sells Shops at Pembroke Gardens for $188 million
Outlet: CoStar Group
Duke Realty Corp. has sold the Shops at Pembroke Gardens located in Pembroke Pines, FL to an institutional joint venture and equity partner for $188 million.
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May 7, 2013 - Canyon Capital raises $50 million for multifamily fund
Outlet: Institutional Real Estate Newsline
Canyon Capital Realty Advisors has raised $50 million for its Canyon Multifamily Impact Fund.
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May 7, 2013 - J.P. Morgan Asset Management to buy Manhattan building
Outlet: Pensions & Investments, London Bureau
J.P. Morgan Asset Management has agreed to buy the 750,000-square-foot office building at 425 Lexington Ave. in Manhattan for about $750 million, several sources say.
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May 7, 2013 - Venture pays $102.5 million for four apartment properties
Outlet: Commercial Real Estate Direct
Carroll Organization has partnered with NorthStar Realty Finance Corp. to pay $102.5 million for four multifamily properties with 1,126 units in Florida, Georgia and Tennessee.
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May 7, 2013 - Zurich buys Los Angeles office building
Outlet: Commercial Real Estate Direct
Zurich Financial Services of Switzerland has acquired 10780 Santa Monica Blvd. in Los Angeles for $27 million. A venture of Angelo, Gordon & Co. and Cambra Realty sold the 94,256-square-foot office.
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May 7, 2013 - Jones Lang LaSalle to sell Ritz-Carlton, Kapalua
Outlet: Pacific Business News
Lehman Brothers Holdings has hired Jones Lang LaSalle to market for sale the 404-room Ritz-Carlton Kapalua resort in Maui, Hawaii.
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May 7, 2013 - AXA Real Estate appoints new German head of investor relations
Outlet: Released
AXA Real Estate Investment Managers has appointed Michael Husung as German head of investor relations. His responsibilities are for all investor relations activities within Germany, Austria and German speaking Switzerland.
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May 7, 2013 - The Carlyle Group adds international energy investment team
Outlet: MarketWatch
The Carlyle Group announced on May 2 it added a six-person international energy investment team to its growing energy platform, expanding the firm's ability to invest in a full range of energy assets around the world.
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May 7, 2013 - Blackstone funds sell General Growth shares
Outlet: HousingWire
The Blackstone Group plans to sell 23.4 million shares in General Growth Properties.
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May 6, 2013 - Starwood Capital affiliate acquires Blue Back Square Development
Outlet: peHUB
A Starwood Capital Group and Starwood Retail Partners‘ affiliate has purchased Blue Back Square, a class A mixed-use development in West Hartford, Conn.
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May 6, 2013 - Forest City lines up deal for Mesa del Sol stake
Outlet: Albuquerque Business First - Online
Forest City Enterprises plans to transfer its interest in Mesa del Sol in Albuquerque to its partner.
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May 6, 2013 - Hochtief sells airport unit to Canada's PSP Investments for $1.4 billion
Outlet: Thomson Reuters - India - Online
German developer Hochtief has sold its airports division to Canada’s Public Sector Pension Investment Board (PSP Investments) for $1.4 billion
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May 6, 2013 - Sunstone pays $250 million for Boston Park Plaza Hotel
Outlet: Bloomberg News - Online
Sunstone Hotel Investors has agreed to buy the 1,053-room Boston Park Plaza Hotel & Towers hotel for $250 million.
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May 6, 2013 - Stonebridge launches second infrastructure debt fund
Outlet: Institutiona Real Estate Newsline
Canada-based Stonebridge Financial Corp. has launched its second fund, Stonebridge Infrastructure Debt Fund II, with a $300 million fundraising goal.
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May 6, 2013 - Principal Real Estate Investors acquires Chicago-area office center
Outlet: REJournalism.com
Principal Real Estate Investors has acquired a 559,204-square-foot office park in Lincolnshire, Ill., from Colony Realty Partners.
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May 6, 2013 - Investor group buys Brooklyn, N.Y., city block
Outlet: Commercia Rea Estate Direct
A group of investors led by Waterbridge Capital has paid $30 million for a city block in Brooklyn, N.Y., that has retail space.
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May 6, 2013 - Stoltz Real Estate pays $50.5 million for Vegas retail center
Outlet: Commercia Rea Estate Direct
Stoltz Real Estate Partners has paid $50.5 million for the Deer Springs Town Center, a 512,325-square-foot retail center in Las Vegas.
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May 6, 2013 - West Loop office tower heads to market
Outlet: Crain's Chicago Business - Online
The owner of the 35-story office tower at 300 S. Wacker Drive has hired Jones Lang LaSalle to sell the building.
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May 6, 2013 - Science Applications International sells Tysons Corner
Outlet: Washington Post
Science Applications International Corp. has agreed to sell its 18-acre Tysons Corner, Va., office campus to Meridian Group.
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May 6, 2013 - Manulife seeking buyers for 555 12th St. NW
Outlet: Washington Business Journal - Online
Manulife Financial Corp. is seeking buyers for the Thurman Arnold Building at 555 12th St. NW, located in Washington. Manulife has appointed Eastdil Secured to market the 12-story, 781,963-square-foot building with a sales price of $203.8 million.
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May 6, 2013 - DDR acquires partner's 85 percent interest in five centers
Outlet: CoStar Group
DDR Corp. has acquired its partner's 85-percent interest in five retail centers across the southeastern United States for $94 million.
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May 6, 2013 - CenterPoint, OGE Energy, ArcLight complete partnership
Outlet: Midstream Business - Online
CenterPoint Energy, OGE Energy Corp. and ArcLight Capital Partners have closed on the formation of the previously announced partnership. The partnership includes CenterPoint Energy's interstate pipelines and field services businesses and the midstream business of Enogex.
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May 3, 2013 - OPERF makes $400 million commitment to Lone Star
Outlet: Institutional Real Estate Newsline
The Oregon Investment Council approved a commitment of up to $400 million to Lone Star Funds’ Lone Star Fund VII.
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May 3, 2013 - Recent commercial real estate acquisitions
Outlet: Institutional Real Estate Newsline
The two largest completed transactions included an office property in Atlanta and an apartment complex in Washington, D.C.
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May 3, 2013 - TCDRS makes $50 million commitment to GEM value-added fund
Outlet: Institutional Real Estate Newsline
The $19.7 billion Texas County & District Retirement System (TCDRS) approved a $50 million commitment to GEM Realty Fund V,
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May 3, 2013 - TIAA-CREF buys Boston-based office building
Outlet: Boston Business Journal - Online
TIAA-CREF has agreed to pay about $110 million for the 291,000-square-foot office building at 40 Broad St. in Boston. The seller was Aslan Realty Partners III.
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May 3, 2013 - Hamilton Co. pays $52 million for Boston apartment building
Outlet: Boston Business Journal - Online
The Hamilton Co. has just closed on a 134 unit-apartment community on Columbus Avenue in Boston’s Roxbury neighborhood for $52 million.
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May 3, 2013 - Phoenix data center sold for $72 million
Outlet: Commercial Real Estate Direct
An affiliate of IO Data Centers has paid $72 million to acquire a 538,000-square-foot data center building located in Phoenix.
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May 3, 2013 - JPMorgan pays $76 million for Washington, D.C., apartments
Outlet: Commercial Real Estate Direct
JPMorgan Asset Management has paid $76 million for the 125-unit District apartment property in Washington, D.C.
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May 3, 2013 - Inland American announces $600 million institutional JV
Outlet: Released
IAGM Retail Fund I Member, a wholly owned subsidiary of Inland American Real Estate Trust, announced on May 1 that it formed a new retail joint venture with PGGM Private Real Estate Fund.
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May 3, 2013 - SCERS plans additional commitments to real estate
Outlet: Institutional Rea Estate Newsline
The $6.9 billion Sacramento County (Calif.) Employees’ Retirement System (SCERS) has approved a 12-month real estate investment plan.
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May 3, 2013 - Macquarie Infrastructure raises €2.75 billion for Europe fund
Outlet: The Altnernative Assets Network
Macquarie Infrastructure and Real Assets’ has closed its fourth European infrastructure fund on €2.75 billion.
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May 3, 2013 - Hammerson, CCPIB buy one third of Bullring mall for €364 million
Outlet: Released
Hammerson, in a 50-50 joint venture with Canada Pension Plan Investment Board (CCPIB), has acquired a 33.3 percent stake in the Bullring shopping center in Birmingham from the Australian Future Fund for £307 million.
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May 3, 2013 - Patrizia Immobilien AG makes debut U.K. acquisition
Outlet: Released
Patrizia Immobilien AG has announced its first acquisitions in the United Kingdom.
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May 3, 2013 - LGP acquires Sainsbury's supermarket for £72.5 million
Outlet: Released
Legal & General Property (LGP) has purchased a Sainsbury’s supermarket in Hayes in West London, from Aviva Investors for a total consideration of £72.5 million.
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May 3, 2013 - Partners Group invests in a 350,000-square-foot portfolio of offices
Outlet: Released
Partners Group has invested on behalf of its clients in an 80 percent secondary stake in a portfolio of office buildings located in Stockley Park and Croydon managed by CarVal Investors.
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May 3, 2013 - Colony Files to raise $100 million in home rental IPO
Outlet: Bloomberg
Colony American Homes, a leading single-family residential REIT, with 8,236 homes, filed on Thursday with the SEC to raise up to $100 million in an initial public offering.
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May 3, 2013 - Harrison Street acquires WestHealth Campus
Outlet: GlobeSt.com
Harrison Street Real Estate Capital has acquired Abbott Northwestern - WestHealth medical campus in suburban Plymouth by their Harrison Street Core Property Fund.
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May 2, 2013 - Investors eye £1.5 billion Yorkshire Water stake sale
Outlet: Yahoo! Finance UK
The investors which own the parent company of Yorkshire Water are poised to put a £1.5 billion stake in the company up for sale.
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May 2, 2013 - Cleveland casino to pay $79 million for Higbee Building
Outlet: Repository - Online, The
The owners of the downtown Cleveland casino are planning to pay $79 million for their building on Public Square.
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May 2, 2013 - Blackstone bets $4.5 billion on housing
Outlet: CNBC
For many hedge funds, asset managers and private equity firms trying to play the housing recovery, the strategy is buying individual homes. The Blackstone Group has been building an entire company, which it eventually plans to take public.
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May 2, 2013 - TA Associates Realty holds $1.56 billion final close for value-added fund
Outlet: Institutional Real Estate Newsline
TA Associates Realty has raised $1.56 billion of equity for its 10th value-added fund, TA Realty Associates Fund X.
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May 2, 2013 - Blackstone's Invitation Homes invests $4.5 billion in distressed residential
Outlet: RenewableEnergyWorld.com
Invitation Homes, funded by seed capital from Blackstone Real Estate Group, has invested $4.5 billion in 25,000 distressed single-family homes since April 2012.
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May 2, 2013 - Investors investigate sale of £1.5 billion stake in Yorkshire Water
Outlet: Orange UK
The investors that own Yorkshire Water are planning to sell a £1.5 billion stake in the infrastructure business.
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May 2, 2013 - Brack Capital traded The James New York for $85 million
Outlet: Released
Brack Capital Real Estate has sold The James New York, located at 27 Grand St., was sold for approximately $85 million. Operations will remain unchanged at this exclusive SoHo destination as Denihan Hospitality Group will carry on management.
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May 2, 2013 - IVG purchases Frankfurt retail property “Zeil 94” in a club deal
Outlet: Released
IVG has acquired the “Zeil 94” retail property in Frankfurt city center for two specialized real estate funds of institutional investors.
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May 2, 2013 - Ontario needs to think about investing in infrastructure
Outlet: Globe and Mail - Online, The
Governments around the world face an infrastructure challenge. Ontario is no different.
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May 2, 2013 - ING plans to sell multibillion-dollar U.S. loan portfolio
Outlet: Fox Business Network - Online
ING Groep NV is preparing to sell a multibillion-dollar U.S. loan portfolio as the Dutch bank continues to wind down its U.S. property lending business.
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May 2, 2013 - UBS appoints head of global real estate for Asia Pacific
Outlet: Released
UBS Global Asset Management’s global real estate business has appointed Trevor Cooke as the new head of global real estate for Asia Pacific.
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May 2, 2013 - Ireland's NAMA sells Irish portfolio to Starwood consortium
Outlet: Yahoo! Finance UK
Ireland's "bad bank" has sold its first portfolio of Irish commercial property loans to a consortium led by private real estate investor Starwood Capital Group, but the National Asset Management Agency declined to say what discount it gave.
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May 2, 2013 - SITA selected as preferred bidder for £900 million London waste plant
Outlet: New Energy World Network
A consortium led by SITA UK has been selected as the preferred bidder for a £900m waste-to-energy plant with the West London Waste Authority.
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May 1, 2013 - Ascott Reit to acquire China and Japan properties for $287 million
Outlet: Released
Ascott Residence Trust has agreed to acquire three prime serviced residences in China and a stable portfolio of 11 rental housing properties in Japan for $287.4 million.
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May 1, 2013 - Annaly Capital bolsters real estate platform with new hires
Outlet: StreetInsider.com
Annaly Capital Management has announced the recent hiring of several key additions to its existing commercial real estate platform.
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May 1, 2013 - OMERS considers sale of USIC
Outlet: peHUB
OMERS Private Equity is considering the sale of United States Infrastructure Corp. (USIC) in a deal that could value the company at around $800 million.
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May 1, 2013 - Foreign investors moving beyond top tier markets to buy office property in more U.S. cities
Outlet: CoStar Group
Foreign investors continued to widen their horizons in the first quarter of 2013 by making substantial investments in markets such as Denver, Portland, Tampa and the Inland Empire region in California.
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May 1, 2013 - South Koreans to pay $348 million for Loop office tower
Outlet: Crain's Chicago Business - Online
John Buck Co. is teaming up with South Korean investors to buy a 50-story Loop office tower, continuing the Asian nation's aggressive push into U.S. real estate.
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May 1, 2013 - PegasusAblon purchases two Dallas office
Outlet: Dallas Morning News - Online
PegasusAblon has partnered with Lionstone Group to acquire the Jones Lang LaSalle Building and BBVA Compass Tower in Dallas.
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May 1, 2013 - Office complex in Atlanta sells for $225 million
Outlet: CoStar Group
Joint venture partners Macfarlan Capital Partners and Cole Real Estate Investments purchased Midtown Centers I and II in Atlanta, from KanAm Group for $225 million. AT&T, which occupies both buildings, has also renewed for 11 years.
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May 1, 2013 - MRP Realty and Angelo Gordon announce offer to sell apartment building in Crystal City, Va.
Outlet: Released
MRP Realty and Angelo Gordon have selected Cassidy Turley to market The Paramount, Crystal City’s premier apartment building.
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May 1, 2013 - Mariner holds final close for opportunistic fund
Outlet: Institutional Real Estate Newsline
Kansas-based Mariner Real Estate Management has held a $175 million final close for its Mariner Real Estate Partners III.
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May 1, 2013 - Japan venture for Goodman
Outlet: Australian- Online, The
The Goodman Group's Goodman Japan Development Partnership has bought a Japanese site for a big industrial development.
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May 1, 2013 - Commercial real estate returns 2.57 percent in first quarter
Outlet: Institutional Real Estate Newsline
Commercial real estate returns held steady in first quarter 2013. The NCREIF Property Index (NPI) posted virtually the same returns as in the previous quarter.
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April 30, 2013 - Björn Thiemann named UniImmo: Europa fund manager
Outlet: Released
Björn Thiemann will take over as head of the Unilmmo: Europa and Unilmmo: Global fund management unit at Union Investment Real Estate GmbH, Hamburg.
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April 30, 2013 - UBS launches $2 billion infrastructure fund
Outlet: Institutional Real Estate Newsline
UBS Global Asset Management has a second UBS International Infrastructure Fund, UBS International Infrastructure Fund II, on the market.
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April 30, 2013 - Morgan joins Lowe Enterprises as senior vice president
Outlet: Released
Peter Morgan has joined Lowe Enterprises Real Estate Group as senior vice president to lead the firm’s expanding commercial property acquisition activities in the western United States.
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April 30, 2013 - Duke pays $311 million for industrial portfolio
Outlet: Institutional Real Estate Newsline
Duke Realty Corp. has agreed to pay $311 million for an industrial portfolio totaling 4.86 million square feet of space.
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April 30, 2013 - DTLA Holdings to acquire MPG Office Trust for $1.94 billion
Outlet: International Law Office
DTLA Holdings has agreed to acquire MPG Office Trust Inc for a total consideration of $1.94 billion.
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April 30, 2013 - Duke Realty to sell Fla. shopping center for $188 million
Outlet: Commercial Real Estate Direct
Duke Realty Corp. has agreed to sell The Shops at Pembroke Gardens, a 391,000-square-foot shopping center in Pembroke Pines, Fla., for $188 million.
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April 30, 2013 - Henderson and Palmira acquire distribution centre in Bruchsal, Germany
Outlet: Released
Henderson Global Investors and Palmira Capital Partners, on behalf of the Henderson German Logistics Fund (HGLOF), have acquired a distribution center in Bruchsal, Germany from a foreign investment fund. It is HGLOF's fourth acquisition.
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April 29, 2013 - A-REIT Charter Hall Group plans to invest A$1.3 billion in property
Outlet: Bloomberg
Australian REIT, Charter Hall Group, plans to buy about A$1.3 billion ($1.3 billion) of offices, shopping centers and warehouses in 2013. The acquisitions will boost Australian assets under management by 31 percent to about A$11 billion by the end of the year.
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April 29, 2013 - Chesapeake sells Marcellus Shale properties for $93 million to Southwestern Energy
Outlet: Tulsa World
Chesapeake Energy Corp. extended its long-running sell-off of assets by shedding $93 million worth of natural gas properties in the Marcellus Shale.
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April 29, 2013 - Westfield exits Brazilian venture
Outlet: Sydney Morning Herald
Westfield Group has sold its 50 percent interest in its joint venture in Brazil with Almeida Junior Shopping Centers.
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April 29, 2013 - First Potomac Realty Trust names Mario Silva director of portfolio management
Outlet: Yahoo! Finance
First Potomac Realty Trust announced that Mario Silva has joined the company as director of portfolio management. He will manage strategic initiatives and daily portfolio management responsibilities in the company's southern Virginia region.
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April 29, 2013 - Mack-Cali sells New Jersey property
Outlet: Herald - Online, The
Mack-Cali Realty Corp. has sold its 55 Corporate Drive office building located in Bridgewater, New Jersey, for approximately $72.3 million.
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April 29, 2013 - Westbrook Partners puts NYC portfolio on market
Outlet: GlobeSt.com
Westbrook Partners, which acquired most of its New York City portfolio in 2007, has put six buildings on the market for sale.
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April 29, 2013 - Paulson to start second real estate fund after decline in assets
Outlet: Pensions&Investments – Online
Paulson & Co. has launched second real estate fund.
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April 29, 2013 - Bell Partners holds $200 million final close for fourth fund
Outlet: Released
Bell Partners has a final close for its Bell Apartment Fund IV with $200 million of total equity commitments. The fund will invest in high-quality, well-located multifamily properties across the East Coast and Southwest United States.
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April 29, 2013 - Harpeth proposes $80 million mixed-use project
Outlet: Tennessean, The
Harpeth Associates has proposed an $80 million mixed-use project for 4.5 acres along Second Avenue in downtown Franklin, Tenn.
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April 29, 2013 - Manhattan's 125 West 55th St. sells for $470 million
Outlet: Commercial Real Estate Direct
JPMorgan Asset Management has paid $470 million for the 552,000-square-foot office property at 125 West 55th St. in Manhattan.
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April 29, 2013 - Pembrook Capital Management announces final close for PCI Investors Fund II
Outlet: Released
Pembrook Capital Management has held a final closing for its PCI Investors Fund II with approximately $154 million in capital commitments.
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April 29, 2013 - Investors increasingly pore over property
Outlet: Released
Investors are digging deeper into Property and Infrastructure asset classes in the search for return in a low-yield bond environment, according to CAMRADATA’s latest product review.
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April 29, 2013 - Valad Europe sells Hartlebury Trading Estate to Schroders for £46.5 million
Outlet: Released
Valad Europe, the leading diversified real estate investment manager in Europe, has sold Hartlebury Trading Estate, Worcestershire to Schroder Life Fund for £46.5 million. The sale was made on behalf of The Industrial Trust.
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April 29, 2013 - IVG Garbe Logistik fund acquires core properties in Hamburg and Stuttgart
Outlet: Released
The IVG Garbe Logistik fund has made its first real estate acquisitions in the shape of two logistics properties near Stuttgart and in Hamburg. The total transaction volume for the properties is around €60 million.
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April 29, 2013 - American Hotel Income Properties REIT welcomes Dan Miller
Outlet: Yahoo! Finance
American Hotel Income Properties REIT has entered into an agreement with Dan Miller of Lodging & Leisure Investment Advisors to lead the firm's acquisitions efforts.
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April 29, 2013 - Behringer and CT Realty sell industrial project in Southern California
Outlet: PR Newswire - Online
A partnership between Behringer Harvard and CT Realty Investors has sold Interchange Business Center, a high-quality industrial development within the Inland Empire industrial market in the eastern portion of greater Los Angeles.
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April 29, 2013 - Noble Investments closes second hotel fund
Outlet: Institutional Real Estate Newsline
Atlanta-based Noble Investment Group has held a final close for the second fund in its hospitality series with $220 million in commitments.
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April 29, 2013 - Deutsche Wohnen acquires Blackstone residential portfolio
Outlet: Released
Deutsche Wohnen AG is to acquire a residential real estate portfolio of approximately 6,900 units in Berlin from affiliates of Blackstone Real Estate Partners Europe III.
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April 29, 2013 - Cole, Macfarlan invest $225 million in Midtown
Outlet: GlobeSt.com
Macfarlan Capital Partners and Cole Real Estate Investments have acquired a two-building office portfolio in Midtown Atlanta.
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April 28, 2013 - Blackstone sidesteps auctions in largest rental trade
Outlet: National Mortgage News
Blackstone Group has bought 1,400 properties in Atlanta, some eligible for federal low-income housing subsidies, in the biggest bulk purchase for the fledgling homes-for-lease industry.
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April 28, 2013 - BlackRock hires from Principal to start REITs team
Outlet: Asian Investor - Online
Alastair Gillespie has joined the U.S. fund house as chief investment officer of Asia-Pacific real estate securities with a mandate to hire.
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April 28, 2013 - L&T Infrasturcture Finance to launch $500-million debt fund
Outlet: Economictimes
L&T Infrastructure Finance is launching its maiden debt fund, which will invest in distressed assets, particularly in the roads segment.
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April 26, 2013 - Korean investor buys Houston office tower for $480 million
Outlet: Culture Map Houston
Invesco Real Estate, on behalf of the National Pension Service of Korea, has purchased the 46-story BG Group Place office tower in downtown Houston for $480 million.
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April 26, 2013 - New York firm buying big stake in downtown LA
Outlet: Markets.financialcontent.com
LOS ANGELES, April 26 (UPI) -- The New York firm Brookfield Office Properties says it has agreed to buy four major office buildings in downtown Los Angeles for $430 million.
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April 26, 2013 - TA Associates pays $53 million for Florissant, Mo., shopping center
Outlet: RE Journal
TA Associates Realty has paid $53 million for Shoppes at Cross Keys, a 350,000-square-foot retail center in Florissant, Mo. The property was recently redeveloped and is fully leased.
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April 26, 2013 - Chesapeake Lodging buys second W Hotel in New Orleans
Outlet: Commercial Real Estate Direct
Chesapeake Lodging Trust has paid $65 million for the 410-room W New Orleans hotel in New Orleans.
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April 26, 2013 - Austin's 816 Congress sold for $102.4 million
Outlet: Austin Business Journal - Online
Cousins Properties has paid $102.4 million for the 434,000-squrare-foot office building at 816 Congress Ave. in downtown Austin, Texas.
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April 26, 2013 - NMSIC invests in three new real estate funds
Outlet: Institutional Real Estate Newsline
The $16.5 billion New Mexico State Investment Council (NMSIC) approved commitments of $175 million to three real estate funds.
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April 26, 2013 - Oxford Properties acquires home of The London Stock Exchange
Outlet: Released
Mitsubishi Estate Co. has sold King Edward Court, 10 Paternoster Square, London, EC4 to Oxford Properties, the real estate arm of the OMERS Worldwide Group of companies, for £235 million.
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April 26, 2013 - SEB Asset Management sells shopping centre in Japan
Outlet: Released
SEB Asset Management has sold the AEON Mall Chiba NEW TOWN in Chiba, Japan, to a Japanese company. The selling price was the equivalent of approximately €100 million.
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April 26, 2013 - London & Cambridge Properties buys shopping mall portfolio
Outlet: Released
London & Cambridge Properties has acquired three shopping malls for a total of €67 million in the cities of Radom, Tarnów and Piotrków Trybunalski.
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April 26, 2013 - Liz Zale named senior vice president at Simon Property Group
Outlet: PR Newswire - Online
Simon Property Group has named Liz Zale as a senior vice president in the newly-created role overseeing corporate affairs and communications.
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April 26, 2013 - More U.S. investors spanning the globe for real estate
Outlet: US Daily, The
U.S. investors are rediscovering their appetite for foreign real estate. Attracted by potentially higher returns, they are putting more money into overseas funds that invest in offices, malls and apartment complexes than they have in six years.
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April 25, 2013 - Pramerica Real Estate raises €520 million for debt fund
Outlet: Released
Pramerica Real Estate Investors has closed the third of its Pramerica Real Estate Capital vehicles, with €520 million ($680 million) in equity commitments.
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April 25, 2013 - Dexus buys Brisbane office for $543.9 million
Dexus Property Group and the Dexus Wholesale Property fund have jointly acquired the under-construction 480 Queen St. office tower from Grocon at an estimated cost of $543.9 million on completion.
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April 25, 2013 - NYSTRS invests $164.6 million in real estate
Outlet: Institutional Real Estate Newsline
The $88.1 billion New York State Teachers Retirement System (NYSTRS) has invested $164.6 million in real estate funds since the year began.
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April 25, 2013 - Macquarie Group becomes partner in $1.5 billion bridge deal
Outlet: Australian- Online, The
A consortium led by Kiewit and Macquarie Group will build a $1.5 billion replacement for a bridge linking New York City and New Jersey in what was billed as the region's largest public transportation project to be constructed with private financing.
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April 25, 2013 - Sturgeon Ventures launches Theme-Based Absolute Return Fund
Outlet: Released
Sturgeon Ventures, the regulatory incubator, has launched the Clerkenwell Matterhorn Fund (the “Fund”), an absolute return, open-ended long/short fund with a long bias.
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April 25, 2013 - Brookfield to buy MPG Office Trust
Outlet: RTTNews.com
Brookfield Office Properties has announced its newly formed DTLA Holdings will acquire MPG Office Trust.
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April 25, 2013 - Norway wealth fund buys industrial real estate for €1.2 billion
Outlet: Reuters - Online
Norway's sovereign wealth fund is making its first investment in industrial real estate after it acquired 50 percent of a portfolio of properties from Prologis Inc. for €1.2 billion.
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April 25, 2013 - African property fund to raise $85 million
Outlet: Bloomberg News - Online
HBW Group Pty Ltd., a South African real-estate developer, plans to raise $85 million by selling shares in an African property fund as retailers look for land to expand in the world’s second-fastest growing region.
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April 24, 2013 - Qatar sovereign fund says German real estate good opportunity
Outlet: Australasian Legal Business - Online
Qatar's sovereign wealth fund is focusing its investment strategy in Germany on companies selling in emerging markets as well as real estate.
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April 24, 2013 - Blackstone shops for malls
Outlet: Weekend Australian, The
The Blackstone Group has been circling two Australian shopping centers worth $1.2 billion. The properties are the Erina Fair shopping center on the central coast of NSW and the Greensborough Plaza in Melbourne.
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April 24, 2013 - Carey named managing director at Cushman & Wakefield
Outlet: CoStar Group
Cushman & Wakefield has named Eileen Carey as managing director of corporate occupier and investor services in East Rutherford, N.J.
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April 24, 2013 - Equity Residential buys Redmond project for $91 million
Outlet: The Seattle Times
Equity Residential has paid $91.5 million for the 322-unit Veloce Apartments in Redmond, Wash. Trammell Crow Residential sold the complex.
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April 24, 2013 - Wells Fargo agrees to sell Chicago office building
Outlet: Crain's Chicago Business - Online
Wells Fargo Bank has agreed to sell a 343,072-square-foot office building at 625 North Michigan Ave. in Chicago for about $108 million.
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April 24, 2013 - Cornerstone offers for sale Charlotte's 121 West Trade Building
Outlet: Charlotte Business Journal
An affiliate of Cornerstone Real Estate Advisors has tapped CBRE Group to market for sale the 330,000-square-foot 121 West Trade building in Charlotte, N.C.
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April 24, 2013 - Australian superannuation funds to look at U.S. property market
Outlet: Australian- Online, The
Plans by the Obama administration to abolish the United States's Foreign Investment in Real Property Tax Act are expected to ease the way for Australian superannuation funds looking to invest in U.S. property markets, says Russell Investments.
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April 24, 2013 - Henderson launches $200 million U.S. student housing fund
Outlet: Institutional Real Estate Newsline
Henderson Global Investors has launched Henderson Student Housing Fund, a $200 million U.S.-focused student housing fund.
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April 24, 2013 - Texas Permanent School Fund issues real estate consultant RFP
Outlet: Institutional Real Estate Newsline
The $26.9 billion Texas Permanent School Fund (TPSF) has issued an RFP for real estate investment consulting services.
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April 24, 2013 - Dundee REIT the next to take off in real estate sector, analyst says
Outlet: Financial Post - Online
The real estate investment trust sector has recently had a strong rally, which might have some people wondering why Dundee REIT has been left behind.
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April 24, 2013 - Blackstone raises $1.35 billion for second debt fund
Outlet: Institutional Real Etate Newsline
The Blackstone Group has raised $1.35 billion for its latest real estate debt strategy fund, Blackstone Real Estate Debt Strategies II.
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April 24, 2013 - Samsung SRA acquires London City-based office property
Outlet: Released
Samsung SRA Asset Management has acquired 30 Crown Place in London on behalf of South Korean institutional investors from a fund managed by Hannover Leasing GmbH & Co. KG.
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April 24, 2013 - SWUF completes £49 million in Central London transactions
Outlet: Released
Scottish Widows Unit Funds completes approximately £50 million in transactions in Central London.
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April 24, 2013 - NEINVER strengthens its position as leading outlet operator with three new projects in Europe
Outlet: Released
NEINVER plans to develop three new outlet centers in Spain, The Netherlands and Germany. These outlet projects will add to the 15 outlet centers that the Spanish company already manages in six European countries.
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April 24, 2013 - Corestate expands to Asia with new office in Singapore
Outlet: Released
Corestate Capital has opened an office in Singapore to better serve its existing investors from the Middle East and Asia, while also increasing its fundraising and investment efforts in these markets.
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April 23, 2013 - Velocis Partners closes core-plus fund with $135 million
Outlet: Institutional Real Estate Newsline
Dallas-based Velocis Partners has announced a $135 million final close of its first real estate fund, Velocis Fund I. The fund will invest with a core-plus strategy in medical office, office and retail properties throughout the United States.
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April 23, 2013 - AXA infrastructure fund invests in wind power
Outlet: New Energy World Network
AXA Private Equity has completed its fifth investment for its Infrastructure Fund III through the acquisition of two Enercon-powered wind farms from HgCapital.
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April 23, 2013 - Orchard Street appoints Gadsden as new partner
Outlet: PropertyEU - Online
Orchard Street Investment Management has appointed Philip Gadsden as a new partner. Gadsden joins Orchard Street after serving as deputy chief executive officer at Invista Real Estate Investment Management.
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April 23, 2013 - Retail boosts French investment market, according to Savills research
Outlet: PropertyEU - Online
French commercial real estate investment volumes remained firm during the first three months of 2013, according to research from Savills. Approximately €2.5 billion was invested in French commercial real estate during the first quarter of 2013.
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April 23, 2013 - Manhattan development site receives $52 million-price tag
Outlet: City Biz List
Massey Knakal Realty Services has been tapped to market for sale a development site at 509 West 38th St. in Manhattan. The property, between 10th and 11th avenues, comes with an asking price of $52 million.
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April 23, 2013 - Manhattan apartment building offered for sale with $60 million asking price
Outlet: Commercial Real Estate Direct
Century Operating Corp. is offering for sale a 55-unit apartment building in Manhattan's East Village with an asking price of $60 million.
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April 23, 2013 - SWBC sells San Antonio, Fort Worth apartment complexes for $100 million
Outlet: San Antonio Business Journal
SWBC Real Estate has sold a portfolio of three apartment properties with a combined 921 units in San Antonio and Fort Worth, Texas, for a total of $100 million.
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April 23, 2013 - Meridian Capital Group invests $115 million in New York hotel
Outlet: Hotel Interactive
Meridian Capital Group negotiated $115 million in acquisition and construction financing for the purchase and redevelopment of the Flatotel hospitality property in New York City, on behalf of a partnership between Chetrit Group and Clipper Equity.
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April 23, 2013 - Rosemont Realty acquires Denver WTC
Outlet: Released
Rosemont Realty has acquired the two-building Denver World Trade Center (WTC) office towers in Denver, Colo.
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April 23, 2013 - Patrizia completes the acquisition of Tamar Capital Group
Outlet: Released
Patrizia Immobilien AG has completed the acquisition of Tamar Capital Group, which was initially announced in December 2012.
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April 23, 2013 - Deutsche purchases Metris building in Munich for €150 million
Outlet: Released
Deutsche Asset & Wealth Management has acquired the Metris building located in the Arnulfpark in Munich, Germany, for approximately €150 million on behalf of the open ended real estate fund grundbesitz europa.
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April 23, 2013 - Almazara names new consultant
Outlet: Released
Almazara | Real Assets Advisory has hired Okan Yilmaz MScBa as a consultant.
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April 23, 2013 - Delin appoints new vice president
Outlet: Released
Delin Capital Asset Management has appointed Sarah Emery as a vice president with responsibility for running the finance department.
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April 23, 2013 - Vornado to sell Harlem Park land
Outlet: Markets.financialcontent.com
Vornado Realty Trust has entered into an agreement to sell a parcel of land known as Harlem Park located at 1800 Park Avenue in New York City for $65 million.
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April 23, 2013 - Nashville-area property portfolio put up for sale
Outlet: City Paper - Online, The
A portfolio of 20 properties in the Nashville area that were owned by WexTrust Capital has been put on the sales block. The receivers have hired CBRE to market the 1.37 million-square-foot office, industrial and retail portfolio.
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April 23, 2013 - Condo project in Vietnam begins marketing units
Outlet: Bao Moi.com
Japan-based Becamex Tokyu Co. has launched the sample apartment of Sora Gardens, a component of the $1.2 billion urban project Tokyu Binh Duong Garden City in Vietnam.
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April 23, 2013 - Equity pays $91 million for Redmond units
Outlet: Seattle Daily Journal of Commerce - Online
Equity Residential has purchased the Veloce apartments in Redmond, Wash., for $91.4 million, property records show.
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April 23, 2013 - Cole buys multifamily duo for $264 million
Outlet: GlobeSt.com
Cole Real Estate Investments has acquired two power centers for $264 million. One is in Canton, Ga., and the other was in San Jose, Calif.
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April 22, 2013 - Madison raises $227 million for debt fund
Outlet: Institutional Real Estate Newsline
Madison Realty Capital has raised $227 million for its Sullivan Debt Fund, according to a filing with the Securities and Exchange Commission.
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April 22, 2013 - Hines promotes Andy Trowbridge to senior vice president of conceptual construction
Outlet: Released
Hines has promoted Andy Trowbridge to senior vice president of conceptual construction at Hines’ headquarters office at Williams Tower in Houston.
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April 22, 2013 - Brookfield Infrastructure appoints new directors
Outlet: Collegiate Presswire - Online
Brookfield Infrastructure has announced the appointment of three new directors to the board of Brookfield Infrastructure Partners.
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April 22, 2013 - Inland American pays $80 million for Denver hotel
Outlet: Released
Inland American Lodging Group has paid $80 million for the 228-room Residence Inn by Marriott Denver City Center and an adjoining 448-space parking garage.
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April 22, 2013 - Venture to pay $145 million for parking, office space of John Hancock Center
Outlet: Commercial Real Estate Direct
A venture of Deutsche Bank and NorthStar Realty Finance Corp. has agreed to sell 856,000 square feet of office space and a 700-space parking deck that are part of the John Hancock Center in Chicago for $145 million.
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April 22, 2013 - CBRE brokered $149.3 million sale of Boston-area apartments
Outlet: Commercial Real Estate Direct
CBRE's New England capital markets team had brokered the sale of the two phases of the Alterra at Overlook Ridge apartment complex in the Boston suburbs of Malden and Revere, Mass.
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April 22, 2013 - iStar Financial completes sale of LNR
Outlet: Released
iStar Financial has completed the sale of its 24 percent equity interest in LNR Property. The sale was part of a larger transaction the Company and LNR's other co-owners sold 100 percent of LNR to Starwood Property Trust and Starwood Capital Group for $1.05 billion.
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April 22, 2013 - Berkadia hires new managing director for capital markets division
Outlet: Released
Berkadia Commercial Mortgage has named Preston Sargent managing director for equity initiatives and separate accounts.
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April 22, 2013 - Prudential PenFed Realty hires Jody Landers
Outlet: PRWeb - Online
Prudential PenFed Realty has hired Jody Landers as a member of the real estate team at the firm's Roland Park office in Baltimore City, Md.
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April 21, 2013 - Catalyst Capital launches €1 billion office and retail fund
Outlet: Property Week - Online
Catalyst Capital has launched the €1 billion Catalyst European Property Fund II focused on the office and retail market.
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April 19, 2013 - PREI acquires office high-rise in Miami
Outlet: Released
Prudential Real Estate Investors (PREI) has acquired Sabadell Financial Center, a 30-story, class A office tower in Miami’s Brickell Financial District for $185 million.
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April 19, 2013 - Morguard buys residential portfolio for $218 million
Outlet: Released
Morguard North American Residential Real Estate Investment Trust has completed a $218 million purchase of six multi-residential properties in the United States.
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April 19, 2013 - Hines Global REIT to buy Los Angeles office complex
Outlet: CoStar Group
Hines Global REIT has agreed to purchase Campus at Playa Vista, a four-building office complex in West Los Angeles, from PV Campus Parcel 3 LP. The deal is valued at $218 million.
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April 19, 2013 - Foreign investment in U.S. commercial real estate to stay strong
Outlet: GlobeSt.com
A survey by Akerman Senterfitt found that 31 percent of commercial real estate executives believe foreign investors will fund a significant portion of commercial real estate debt and equity in 2013.
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April 19, 2013 - Landmark Apartment Trust affiliate to pay $261.76 million for apartment portfolio
Outlet: Commercial Real Estate Direct
An affiliate of Landmark Apartment Trust of America Inc. has entered into separate agreements to buy 10 apartment communities in North Carolina, Tennessee and Texas for $261.76 million. The properties have a total of 3,422 units.
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April 19, 2013 - Henderson Chinese designer outlet venture buys Shanghai site
Outlet: CoStar UK News
Henderson has bought a development site in Pudong New District of Shanghai for an undisclosed price. The purchase was made on behalf of its $500 million Silk Road Holdings joint venture focused on investing in the Chinese designer outlet centre market.
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April 19, 2013 - Icade sells logistics package to Apollo for €145 million
Outlet: PropertyEU - Online
Icade has sold a major portfolio of logistics properties to U.S.-based opportunistic investor Apollo for a total of €145 million. Jones Lang LaSalle advised Apollo on the purchase.
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April 19, 2013 - BBVA carries out sale and leaseback of Paris HQ for €32 million
Outlet: Released
Multinational Spanish banking group BBVA has carried out a sale and leaseback of its Paris headquarters, located at 29 Avenue de l'Opéra (Paris 1), as part of a strategy to optimise its property holdings.
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April 19, 2013 - Deka Immobilien sells commercial property in Tokyo
Outlet: Released
Deka Immobilien GmbH has sold the TK Shinbashi office and retail building in Tokyo for the equivalent of approximately €44 million.
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April 19, 2013 - Landmark Blue Tower in Brussels sold
Outlet: Released
Brussels’ Blue Tower has been sold by Morgan Stanley Real Estate Investment GmbH, advised by Savills and BNP RE, to Belgian REIT Befimmo for €78.5 million in the largest multi-let office deal since 2008.
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April 19, 2013 - Redefine International strengthens team with new analyst appointment
Outlet: Released
Redefine International, the diversified income focused property company, has appointed Henry Giles as an analyst.
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April 19, 2013 - European property investment up 11 percent during first quarter
Outlet: Released
European commercial real estate investment increased by 11 percent in the first quarter of 2013, with the core markets showing strong performance and several of the countries hardest hit by the euro crisis showing increasing activity.
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April 19, 2013 - CalPERS acquires core apartment portfolio in Manhattan
Outlet: Institutional Real Estate Newsline
The $260.4 billion California Public Employees’ Retirement System (CalPERS) with its partner GID has purchased two adjacent residential towers.
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April 19, 2013 - Morguard North American Residential REIT acquires multifamily portfolio for $218 million
Outlet: Yahoo! Finance
Morguard North American Residential REIT has completed the purchase of six multifamily properties from an institutional fund sponsored by Pearlmark Real Estate Partners, LLC $218 million, excluding closing costs.
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April 19, 2013 - Lone Star, Wells Fargo in talks to buy Eurohypo portfolio
Outlet: Yahoo! News
Lone Star and Wells Fargo are in exclusive talks to buy a 4 billion pound U.K. property loans portfolio, put up for sale by Commerzbank.
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April 18, 2013 - NY approves $2 billion electric pipeline from Canada
Outlet: Markets.financialcontent.com
State energy regulators on Thursday approved the construction of a $2 billion Canada-to-Queens electricity transmission line that could carry enough wattage to power up to 1 million New York City homes.
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April 18, 2013 - Highgate Hotels buying Courtyard by Marriott Waikiki Beach hotel for $127 million
Outlet: Pacific Business News - Online
Highgate Hotels and its partners have agreed to pay $127 million for the 401-room Courtyard by Marriott Waikiki Beach hotel, which went on the market in January for an undisclosed price, according to Real Estate Alert’s online industry newsletter.
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April 18, 2013 - Starwood purchases 1 Wells Fargo Center in Charlotte
Outlet: Released
Starwood Capital Group has acquired, in partnership with Vision Equities, 1 Wells Fargo Center, located in the central business district of Charlotte. Additional terms of the transaction were not disclosed.
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April 18, 2013 - Vancouver REITs predicted to outperform in 2013
Outlet: Vancouver Courier
Vancouver transactions are set to ensure that Canada’s real estate investment trust (REIT) sector in 2013 will record a fifth straight year of better returns than the S&P 500 and TSX composite index.
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April 18, 2013 - Bank of Canada governor says uncertainty around infrastructure slowing Canada's energy industry
Outlet: Globe and Mail - Online, The
Bank of Canada Governor Mark Carney grazed the edges of the political debate over the Keystone XL pipeline, telling an audience in Washington on Thursday the “uncertainty around infrastructure” is starting to slow investment in Canada’s energy industry.
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April 18, 2013 - Illinois governor invests $12 billion in infrastructure projects
Outlet: Galesburg Register-Mail - Online
Illinois Gov. Pat Quinn announced Wednesday more than $12 billion for infrastructure projects statewide, including work on two local roads in Galesburg, Ill.
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April 18, 2013 - About $1.38 billion in commercial real estate traded hands in recent weeks
Outlet: Institutional Real Estate Newsline
In the past couple of weeks, the multifamily sector has completed the most acquisitions, according to data by Real Capital Analytics (RCA).
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April 18, 2013 - PRUPRIM hires new associate director in Germany, opens new Paris office
Outlet: Released
PRUPRIM, the real estate investment manager of M&G Investments, has announced the appointment of Thomas Kächele as associate director in Frankfurt. As part of its expansion into Europe, PRUPRIM also opened a new office in Paris.
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April 18, 2013 - Aberdeen Asset Management appoints Misev as portfolio manager
Outlet: Investment Europe
Alek Misev is the new portfolio manager for Aberdeen Asset Management. He will be based in Amsterdam working with Karin Koks, head of Global Mandates.
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April 18, 2013 - BNP PRE appoints Birmingham development head
Outlet: Property Mall
BNP Paribas Real Estate (BNP PRE) has appointed Chris White as the Birmingham head of development consulting. Previously, he was at CBRE, where he was a director of the national development consultancy and regeneration team.
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April 17, 2013 - Orbach Group pays $70 million for Manhattan's Hamilton apartments
Outlet: New York Real Estate Journal Nework
The Orbach Group has paid $70 million for the 178-unit Hamilton apartments in Manhattan. The seller, a venture of the Dermot Co. and Henderson Global Investors.
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April 17, 2013 - Spear Street agrees to buy 315 Park Ave. South in Manhattan
Outlet: New York Post
Spear Street Capital has agreed to buy Manhattan's 315 Park Ave. South for less than $250 million.
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April 17, 2013 - Big investors make big bids for Los Angeles office
Outlet: Commercial Real Estate Direct
Invesco and Hines are among investors vying to buy the Campus at Playa Vista, a 325,000-square-foot office complex in West Los Angeles offered by a group led by Tishman Speyer Properties. Bids are said to have topped $215 million.
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April 17, 2013 - Commerzbank discusses £4 billion sale of Eurohypo to U.S. investors
Outlet: Reuters
Commerzbank AG, Germany's second-biggest lender, is in exclusive talks to sell its U.K. property business, Eurohypo, to private equity firm Lone Star and Wells Fargo & Co, the Financial Times reported, citing people familiar with the talks.
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April 17, 2013 - South Korean investor interested in Australian Four Seasons
Outlet: Australian- Online, The
A South Korean group looking to make its first foray into Australia has been included on a shortlist of about five candidates to buy the Four Seasons Hotel overlooking Sydney's Circular Quay for as much as $400 million.
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April 17, 2013 - GLP to invest $500 million to expand Brazil operations
Outlet: Today Online
Global Logistic Properties (GLP) expects to invest at least 1 billion Brazilian reais ($500 million) in the next two years to expand its business in Brazil. GLP plans to start construction on an additional 10.8 million square feet.
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April 17, 2013 - CMA awards bid for waterline project
Outlet: Progress - Online, The
The Clearfield Municipal Authority opened bids for its new waterline project in Wolf Run and discussed planned improvements to the sanitary sewer system, at its meeting yesterday. The CMA awarded the bid for the water project to Continental Construction of Ridgway.
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April 17, 2013 - LEM Capital raises $203.5 million for third high-yield debt fund
Outlet: Institutional Real Estate Newsline
LEM Capital has raised $203.5 million for its LEM Real Estate High-Yield Debt & Preferred Equity Fund III.
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April 17, 2013 - Prologis to develop third BTS facility in Wroclaw
Outlet: PropertyEU - Online
Prologis is to develop the third built-to-suit facility at its park in the Polish city of Wroclaw in less than 24 months.
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April 17, 2013 - Archstone Belltown sells for $94 million
Outlet: Seattle Daily Journal of Commerce - Online
CBRE said it represented Equity Residential in the $94 million sale of Archstone Belltown, a 360-unit complex at 500 Wall St. in Belltown. The buyer was Mill Creek Residential Trust.
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April 17, 2013 - Blackstone plans fund to target Asia property
Outlet: WorldPropertyChannel.com
Blackstone Group aims to raise the largest real estate fund devoted to China and Asian markets, despite reports of a looming slowdown in the market.
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April 17, 2013 - Aquila consortium acquires stake in Thames water
Outlet: Released
An Aquila-led consortium has acquired a minority interest in U.K.-based Thames Water. Thames Water is the largest water and sewerage company in the United Kingdom.
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April 17, 2013 - LaSalle receives license to conduct asset management business in South Korea
Outlet: Released
LaSalle Investment Management has obtained a license from the Financial Services Commission of South Korea to conduct asset management business in the country.
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April 17, 2013 - Singaporeans invest $2.19 billion in Australian office properties
Outlet: Yahoo! Finance Singapore
Jones Lang LaSalle Research shows offshore investment in the Australian office market reached a record high in 2012 at 42.9 percent of purchasers. More specifically, from the year 2010 to date, close to A$3 billion was invested into the Australian market from Hong Kong, Singapore and Malaysia - 73 percent of this figure was from Singaporean investors.
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April 16, 2013 - De Vere to sell venues arm for up to £300 million
Outlet: City AM - Online
De Vere Group, the hotel and health club operator part-controlled by Lloyds Banking Group said it has hired investment bank Lazards to sell De Vere Venues and is expected to fetch up to £300 million.
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April 16, 2013 - Single-family home builders still cautious
Outlet: Wall Street Journal
In the United States, the pace of annual housing construction rose above 1 million units in March for the first time since June 2008. But before builders start cheering the return of the good old days, it’s worth noting a few things.
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April 16, 2013 - Equity Residential appoints new COO
Outlet: Yahoo! Finance
David Santee has been appointed COO at Equity Residential. In this role, Santee will lead both the company’s operations and property management organizations.
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April 16, 2013 - Dominion Realty propose 11-story office, retail property
Outlet: Triangle Business Journal - Online
Dominion Realty Partners is planning the 11-story, $54 million Charter Square building with 225,000 square feet of office and retail space in downtown Raleigh, N.C.
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April 16, 2013 - Hersha closes on $101 million-acquisition of Hyatt Union Square
Outlet: CoStar Group
Hersha Hospitality Trust has closed on its acquisition of the newly-completed 178-room Hyatt Union Square from McSam Hotel Group for $101 million.
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April 16, 2013 - LACERS plans additional commitments to real estate
Outlet: Institutional Real Estate Newsline
The Los Angeles City Employees’ Retirement System (LACERS) has approved a recommendation from its real estate investment consultant.
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April 16, 2013 - San Miguel wins $376 million Philippine road PPP
Outlet: Released
A subsidiary of the Manila-based firm has won the tender for the Ninoy Aquino International Airport Expressway PPP.
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April 16, 2013 - MHI Hospitality Corp. announces name change
Outlet: Hotel News Resource
MHI Hospitality Corp. has changed its name to SoTHERLY Hotels. As part of the move, the company will change its ticker symbol to 'SOHO' on the NASDAQ Stock Market.
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April 16, 2013 - APP begins Heathrow development
Outlet: PropertyEU - Online
The Airport Property Partnership (APP) has started construction of a logistics development at Heathrow Airport.
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April 16, 2013 - CalPERS looks to core assets to rebalance real estate portfolio
Outlet: Institutional Real Estate Newsline
The $260.4 billion California Public Employees’ Retirement System (CalPERS) has approved a proposal to change its current real estate investment strategy by extending the investment period by two years at its April 15 meeting.
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April 16, 2013 - LACERA commits $350 million to real estate separate accounts
Outlet: Institutional Real Estate Newsline
The board of investments of the $39.2 billion Los Angeles County Employees Retirement Association (LACERA) has approved an additional $350 million be committed to the pension fund’s real estate separate account managers.
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April 16, 2013 - Behringer Harvard invests in downtown Austin project
Outlet: Austin Business Journal - Online
Behringer Harvard Multifamily REIT I Inc. will provide equity capital for the Seven Rio project, which will be built on the northeast corner of West Seventh and Rio Grande streets.The investment amount was not disclosed.
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April 16, 2013 - Lloyd's insurer Cathedral begins £250 million sale
Outlet: Yahoo! Finance UK
Cathedral Capital, which is majority-owned by Alchemy, is expected to command a price tag of more than £250 million.
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April 16, 2013 - Leslie Hale named executive vice president for RLJ Lodging Trust
Outlet: Hotel News Resource
RLJ Lodging Trust has appointed Leslie Hale to executive vice president. Hale will serve in a dual role of executive vice president and CFO.
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April 16, 2013 - Kevin Boeve named regional manager of Marcus & Milichap's Ontario office
Outlet: Rentv.com
Kevin Boeve has been named regional manager of Marcus & Millichap’s Ontario office.
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April 15, 2013 - China’s State Grid Corp. bids for New Zealand’s Powerco
Outlet: Fox Business Network
State Grid Corp. of China is among the bidders for a 42 percent stake in Powerco, New Zealand’s second-largest electricity and gas distribution company, worth more than NZ$450 million ($382 million).
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April 15, 2013 - New infrastructure improvements to traverse Georgia
Outlet: Construction Equipment Guide-Midwest Edition - Online
Two major Coastal Georgia mobility projects along with $15 million of interstate highway resurfacings in northwest Georgia are among 19 infrastructure improvement projects announced April 5 by the Georgia Department of Transportation.
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April 15, 2013 - China to invest in U.S. infrastructure
Outlet: theTRUMPET.com
Secretary of State John Kerry met with top Chinese officials in Beijing to discuss the growing threats from North Korea. However, when Kerry spoke with the press stating there was a discussion of China investing in U.S. infrastructure.
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April 15, 2013 - Hochtief receives bids for airport unit
Outlet: Toronto Telegraph
Hochtief AG, controlled by Spain's ACS Global, has received bids for its airport unit. Deutsche Bank AG (DB) is organizing the sale, which could now fetch as much as €1.2 billion.
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April 15, 2013 - Maine PERS commits $100 million to Mesa West open-end fund
Outlet: Institutional Real Estate Newsline
The $11.4 billion Maine Public Employees’ Retirement System has committed $100 million to Mesa West Core Lending Fund, an open-end fund managed by Mesa West Capital.
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April 15, 2013 - Starwood Capital closes opportunity fund with $4.2 billion
Outlet: Institutional Real Estate Newsline
Greenwich, Conn.–based firm Starwood Capital Group has closed its Starwood Distressed Opportunity Fund IX (SOF IX) with $4.2 billion in commitments from more than 75 global investors.
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April 15, 2013 - Hongye commits $100 million to Calif.-based real estate
Outlet: SF Gate
Hongye International of Wuhai, China is investing $100 million of private equity investment into the Arcadia, California-based firm Singpoli Capital to develop green energy, biochemistry, media, high-technology and real estate construction projects in California.
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April 15, 2013 - GRESB appoints Ruben Langbroek as head of Asia
Outlet: Released
The Global Real Estate Sustainability Benchmark (GRESB) today announced the appointment of Ruben Langbroek as its new Head of Asia. Based in Singapore, Ruben will be responsible for the strategic development of GRESB in Asia.
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April 15, 2013 - Qatar sovereign fund says German real estate good opportunity
Outlet: Zawya - Online
Qatar's aggressive sovereign wealth fund is focusing its investment strategy in Germany on companies selling to emerging markets and on real estate.
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April 15, 2013 - Bid to start high-speed rail in California far below estimates
Outlet: ENR California - Online
A trio of American companies outbid four other teams of contractors vying for the contract to build the first segment of California's proposed high-speed train system in the San Joaquin Valley.
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April 15, 2013 - Selec portfolio receives €620 million refinancing
Outlet: Released
The Selec portfolio, originally composed of 10 200 homes let to EDF in the context of a 12 year firm lease, was acquired by LBO France in 2006 in a joint venture with RREEF. The lease with EDF was renewed in 2010 for another 12 year period.
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April 15, 2013 - Rockspring funds £12.27 million Sainsbury’s supermarket development in Milton Keynes
Outlet: Released
Rockspring Property Investment Managers has announced that it is funding the development of a supermarket in Milton Keynes for £12.27 million, reflecting a net initial yield of 5.1 percent, on behalf of a separate account mandate.
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April 15, 2013 - FORE Partnership makes first Scottish acquisition
Outlet: Released
FORE Partnership, the private investment club for family offices, part of the Cording Group, has completed the acquisition of New Telecom House, a landmark office building in Aberdeen.
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April 15, 2013 - CBRE Global acquires Düsseldorf hypermarket fpr €25 million
Outlet: Released
CBRE Global Investors has completed the acquisition of a hypermarket in Düsseldorf, Germany, for more than €25M on behalf of its Pan European Core Fund.
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April 15, 2013 - Forum Partners appoints new head of Asia
Outlet: Released
Forum Partners has appointed Gregory Wells as managing director and head of Asia in the firm’s Hong Kong office. He joins from Deutsche Bank and will be responsible for overseeing the firm’s private equity business in Asia.
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April 15, 2013 - Union Investment launches new hotel fund
Outlet: Released
Union Investment has launched a new hotel fund for institutional investors, UII Hotel Nr. 1, with a €250 million fundraising target.
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April 15, 2013 - Industry veteran launches U.S. Global Realty Capital
Outlet: Institutional Real Estate Newsline
Greg Genovese, a 25-year commercial real estate and securities industry veteran, has launched U.S. Global Realty Capital.
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April 15, 2013 - Blackstone’s LogiCor plans to double size of warehouse portfolio
Outlet: Bloomberg
LogiCor, The Blackstone Group’s European warehouse owner and operator, plans to double its portfolio through 2015 as it seeks to profit from rising rents and values.
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April 12, 2013 - Big ports go private in $5 billion lease deal
Outlet: Weekend Australian, The
The NSW government will privatize two of Australia's largest ports in a $5.07 billion deal that is more than double initial estimates and will deliver a $4.3bn windfall to the state's infrastructure fund.
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April 12, 2013 - Hony Capital acquires 10 percent stake in Chinese property developer
Outlet: Asian Venture Capital Journal, The
Hony Capital has bought a 10 percent stakes in Shanghai-listed property developer Shanghai Chengtou Holding for RMB1.8 billion ($290 million).
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April 12, 2013 - Garrison Investment pays $72.7 million for La. retail center
Outlet: Commercial Real Estate Direct
Garrison Investment Group has purchased the Louisiana Boardwalk, a 544,175-square-foot lifestyle retail center in Bossier City, La., for $72.7 million.
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April 12, 2013 - BerchWood Partners promotes partner
Outlet: Released
BerchWood Partners has promoted Paola Tarazi to Partner in its London office.
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April 12, 2013 - ACREST sells residential and retail property in Munich
Outlet: Released
On behalf of CitCor Office Properties GmbH & Co. KG, the Berlin-based ACREST Property Group GmbH has sold to a private investor a residential and retail property.
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April 12, 2013 - OECD endorses Guernsey’s tax standards
Outlet: Released
The OECD’s Global Forum on Transparency and Exchange of Information for Tax Purposes has endorsed the standards adopted by Guernsey.
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April 12, 2013 - YMCA Retirement Fund signs deal at 120 Broadway
Outlet: GlobeSt.com
The YMCA Retirement Fund has signed a 52,000-square-foot lease at the Equitable Building at 120 Broadway.
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April 12, 2013 - Kayne Anderson raises $675 million for opportunistic fund
Outlet: Institutional Real Estate Newsline
Kayne Anderson Capital Advisors has raised $675 million for Kayne Anderson Real Estate Partners III.
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April 12, 2013 - Prime Finance debt fund closes in excess of $600 million target
Outlet: Institutional Real Estate Newsline
Prime Finance Partners has closed its Prime Finance Partners III fund with approximately $618 million in equity.
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April 12, 2013 - Senior housing market experiences stalled recovery
Outlet: Institutional Real Estate Newsline
The average occupancy rate for senior housing in the first quarter of 2013 is unchanged, according to data from the National Investment Center for Seniors Housing & Care Industry.
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April 12, 2013 - Deloitte Real Estate reports United Kingdom top city
Outlet: Midlands Business News
Investors in the commercial office market are increasingly being drawn towards the U.K. regions, according to a new report by Deloitte Real Estate.
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April 12, 2013 - Henderson launches global property fund
Outlet: Yahoo! Finance Singapore
Henderson Global Investors has launched the Henderson Global Property Income Fund to help investors tap on opportunities in the global property market.
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April 11, 2013 - SEGRO acquires Zeran Park II for €43.2 million
Outlet: RTTNews.com
SEGRO has acquired Zeran Park II in Warsaw for €43.2 million from AREA Property Partners and Apollo-Rida Poland.
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April 11, 2013 - Consortium buys Australian port leases for A$5.07 billion
Outlet: Yahoo! Maktoob
Australia's New South Wales state government has sold the long-term leases on two major ports to a consortium led by Industry Funds Management for A$5.07 billion ($5.35 billion).
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April 11, 2013 - APA sells pipeline to QIC Global Infrastructure for $400 million
Outlet: AdelaideNow
APA Group has agreed to sell its Moomba-to-Adelaide natural gas pipeline system to QIC Global Infrastructure for $400.6 million.
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April 11, 2013 - Morgan Stanley hires Koski for infrastructure investing
Outlet: Bloomberg News - Online
Morgan Stanley has hired Chris Koski to work in its $4 billion infrastructure-fund business.
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April 11, 2013 - Dundee REIT buys 22 industrial properties for $151.5 million
Outlet: Yahoo! Canada
Dundee Industrial REIT says it has inked a $151.5-million deal to acquire a portfolio of 22 industrial properties in the Greater Toronto Area.
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April 11, 2013 - Panda Power funds closes on plant expansion in Temple
Outlet: Toronto Telegraph
Allegiance Title Company finished its third closing with Panda Power Funds, this one for a natural-gas power plant expansion in Temple.
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April 11, 2013 - JLL helps close $608 million in multifamily sales in D.C. region
Outlet: National Real Estate Investor - Online
Jones Lang LaSalle’s capital markets team closed on sales of four multifamily properties in the Washington, D.C. area totaling approximately $608 million.
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April 11, 2013 - Hines promotes Scott Martinson to MD
Outlet: Released
Hines has been promoted from director of acquisitions to managing director (MD) of asset management in the firm’s Columbia Square office in Washington, D.C.
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April 11, 2013 - Fortis Venture paid $205 million for Dallas-area office
Outlet: Commercial Real Estate Direct
A venture led by Fortis Property Group paid $205 million for the Colonnade, a 1.1 million-square-foot office property in the Dallas suburb of Addison, Texas.
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April 11, 2013 - Prologis developing warehouse in Jersey City, N.J.
Outlet: Commercial Real Estate Direct
Prologis is developing an 800,000-square-foot warehouse in Jersey City, N.J. The facility, near the Hackensack River, will be occupied by Ahold USA and Imperial Bag & Paper Co.
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April 11, 2013 - Leggat McCall proposes mixed-use building for Cambridge, Mass.
Outlet: Boston Herald - Online
Leggat McCall Properties has proposed redeveloping the former Edward J. Sullivan Courthouse in Cambridge, Mass., into a 22-story building.
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April 11, 2013 - Prologis to build Subaru parts distribution center near Indianapolis
Outlet: Commercial Real Estate Direct
Prologis, a San Francisco REIT will build a 715,000-square-foot regional parts distribution center in Indiana for Subaru of America.
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April 11, 2013 - Cole Corporate to buy N.J. office for $72.3 million
Outlet: Commercial Real Estate Direct
Cole Corporate Income Trust has agreed to pay $72.3 million for a 205,439-square-foot office building at 55 Corporate Drive in Bridgewater, N.J.
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April 11, 2013 - BNP PRE appoints national head of debt advisory
Outlet: Property Mall
BNP Paribas Real Estate has appointed Patrick Pryce as the national head of debt advisory, based within its Birmingham office.
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April 11, 2013 - Premier says $114 billion rail plan not a top priority for Victoria
Outlet: Sunday Times - Online, The
PREMIER Denis Napthine says Victoria has higher priorities than a $114 billion east coast high-speed rail link.
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April 11, 2013 - American Realty withdraws offer to buy Cole Credit
Outlet: Released
American Realty Capital Properties has withdrawn its $6.7 billion offer to buy Cole Credit Property Trust III after the trust rejected the offer twice.
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April 11, 2013 - LaSalle Investment Management gets head of research and strategy for Europe
Outlet: Released
LaSalle Investment Management has named Mahdi Mokrane as head of research and strategy, Europe.
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April 11, 2013 - Tristan fund acquires Berlin offices
Outlet: Released
Tristan Capital Partners' Episo 3 fund has bought two office buildings in Berlin for an undisclosed amount.
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April 10, 2013 - MGPA holds €135 million second close
Outlet: Released
MGPA has held a second close for its Asia real estate fund for German institutional investors.
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April 10, 2013 - Brian Leung joins multifamily team at Colliers San Francisco
Outlet: Registry - Online, The
Brian Leung has joined Colliers International's San Francisco office as a member of the city's multifamily team.
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April 10, 2013 - Westfield launches $400 million redevelopment project
Outlet: Weekend Australian, The
Westfield Retail Trust is to launch a $400 million redevelopment to expand the Westfield Garden City at Mt Gravatt in Brisbane.
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April 10, 2013 - F5 office buildings on Seattle's waterfront sell for more than $142M
Outlet: Markets.financialcontent.com
...square feet, sold on April 3, but the deal did not record until Wednesday. The 13-year-old buildings are on the waterfront at 351, 401 and 501 Elliott Ave. W. The seller, CLPF Elliott West, had bought the campus for more than $117 million eight ye
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April 10, 2013 - CBRE names Matthew Burdette industrial business development manager
Outlet: Citybizlist Baltimore
Matthew Burdette has joined the CBRE Baltimore team as industrial business development manager.
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April 10, 2013 - AEW research chief joins LaSalle
Outlet: PropertyEU - Online
Mahdi Mokrane, former head of research at AEW Europe, has joined LaSalle Investment Management.
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April 10, 2013 - Townsend raises $169 million for high-return fund
Outlet: Institutional Real Estate Newsline
The Townsend Group has raised approximately $169.1 million for its Townsend Real Estate Alpha Fund I.
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April 10, 2013 - Texas Teachers commits $465 million to real estate
Outlet: Institutional Real Estate Newsline
The $116.09 billion Teacher Retirement System of Texas (TRS) has made commitments of $465 million to multiple real estate funds.
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April 10, 2013 - Canadian REIT buys Naperville office property
Outlet: Crain's Chicago Business - Online
Agellan Commercial REIT of Canada has paid $83.4 million for the 486,000-square-foot Naperville Woods Office Center in Naperville, Ill.
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April 10, 2013 - Piedmont Office sells office building in N.J.
Outlet: NJBiz - Online
M&M Realty Partners has purchased a 236,710-square-foot office building at 1111 Durham Ave. in South Plainfield, N.J.
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April 10, 2013 - Manulife to acquire office tower at One Bay East in Kowloon from Wheelock Properties
Outlet: Yahoo! Finance Singapore
Wheelock Properties Limited and Manulife International Limited have signed a sale-and-purchase agreement for the West Tower at One Bay East at 83 Hoi Bun Road, Kowloon East for HK$4.5 billion ($578 million), marking the largest single office tower pu
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April 10, 2013 - PRUPIM to be renamed M&G Real Estate
Outlet: Released
European investment manager M&G Investments has renamed its PRUPIM property business to M&G Real Estate. The name change is effective from the end of June.
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April 10, 2013 - California firm snaps up downtown office towers
Outlet: Indianapolis Business Journal - Online
Hertz Investment Group has completed its purchase of the nearly 650,000-square-foot Capital Center in downtown Indianapolis.
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April 10, 2013 - Alterna targets $600 million for Fund II
Outlet: PrivateEquityInternational.com
Alterna Capital Partners has launched its second fund targeting $600 million for investments in core capital assets like ships and barges, airplanes and locomotives.
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April 10, 2013 - Dublin apartment development enters the sales market with €70 million price tag
Outlet: Irish Times - Online, The
A new development of 420 apartments in Dublin goes for sale as a single investment with a guide price of €70 million. It is the largest ever sale of its kind in the city.
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April 9, 2013 - Singapore property set to be sold for a staggering $242 million
Outlet: Property Report Thailand - Online
An elevated 7,900-square-meter plot, located on Singapore’s coveted Nassim Road, was recently put on the market for a record $242 million. The plot comprises a two-storey property, tennis court and swimming.
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April 9, 2013 - Hines to co-develop office scheme in Manchester
Outlet: PropertyEU - Online
Hines has signed a joint venture agreement to fund and develop a office scheme in the United Kindowm city of Manchester.
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April 9, 2013 - Machines to begin digging Eglinton LRT tunnel in May
Outlet: MSN News Canada
Two massive Ontario-designed machines are set to begin boring a tunnel under Eglinton Avenue for the new Eglinton Crosstown LRT line.
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April 9, 2013 - Qatar set to pay $2 billion for landmark Paris retailer
Outlet: ArabianBusiness.com
Divine Investments, owned by Qatar, plans to pay $2.09 billion for the landmark Paris department store Printemps and its nationwide chain of stores.
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April 9, 2013 - Carlyle buys Shanghai office tower for $267 million
Outlet: Reuters
The Carlyle Group has acquired a Shanghai office building, Central Plaza, for $267 million from Singapore-listed real estate fund Forterra Trust.
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April 9, 2013 - Centuria appoints senior portfolio manager
Outlet: Financial Standard- Sydney Office - Online
Centuria Capital's property funds management subsidiary, Centuria Property Funds has appointed Victor Georos as senior portfolio manager.
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April 9, 2013 - Colonie Center sold to KKR global real estate investment firm
Outlet: Business Review - Online
KKR & Co., a global investment firm based in New York City, and its partners bought Colonie Center, the second-largest shopping mall in the Albany, N.Y. region.
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April 9, 2013 - Transwestern expands Northeast Capital markets team
Outlet: Markets.financialcontent.com
Transwestern's Northeast headquarters has hired two additional real estate veterans to join its capital markets team: Gary Sopko and Matthew Schnurr, serving as managing directors.
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April 9, 2013 - Antonini joins Colliers San Francisco as VP
Outlet: CoStar Group
Colliers International has hired John Antonini as a vice president (VP) of its San Francisco multifamily team. His responsibilities are to focus on the apartment, mixed-use and retail buildings in the city.
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April 9, 2013 - Harrell and Royce join Avison Young in D.C. region
Outlet: CoStar Group
Industrial brokers Edward Harrell and Michael Royce has joined Avison Young in Tysons Corner, Va, and Bethesda, Md, respectively.
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April 9, 2013 - Deutsche wealth team to focus on green U.S. property initiatives
Outlet: Family Office Review
Deutsche Asset & Wealth Management's property investment division has set up a new team to look at U.S. green property initiatives.
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April 9, 2013 - CCPT III completes acquisition of Cole Holdings Corp.
Outlet: Released
Cole Credit Property Trust III (CCPT III) has acquired Cole Holdings Corp., a full-scale real estate investment management firm that currently manages over $12 billion of real estate assets.
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April 9, 2013 - Downtown Chicago office building and neighboring parcels listed for sale
Outlet: Commercial Real Estate Direct
A 1.3 million-square-foot office building at 311 South Wacker Drive in Chicago, along with development parcels on both sides of it are being offered for sale.
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April 9, 2013 - Cousins pays $103.5 million for Austin CBD asset
Outlet: CityBizList - Houston
Cousins Properties has agreed to acquire 816 Congress in Austin, a 434,000 square foot class A office property, for $103.5 million.
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April 9, 2013 - Investcorp pays $200 million for five offices
Investcorp has purchased three office properties comprised of five buildings in the Washington, D.C., Denver and Houston areas with 1.1 million square feet for roughly $200 million.
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April 9, 2013 - Moinian to Build 1,191-Unit Apartment Building in Manhattan
Outlet: Insider Rater News
Joseph Moinian has filed plans with New York City to build a 1,191-unit apartment complex at 605 West 42nd St. in Manhattan.
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April 9, 2013 - Prado Group buys San Francisco apartment portflio
Outlet: San Francisco Business Times
Neveo Mosser of Mosser Cos. has sold a portfolio of four San Francisco apartment buildings with a total of 249 units for $48 million.
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April 9, 2013 - Surge in real estate securities funds reflects growing appetite for listed property exposure
Outlet: Released
Demand for real estate securities has surged since the global financial crisis as a property allocation gained through the listed sector plus the attractive income returns appeal to a broader range of investors, according to the European Public Real
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April 9, 2013 - Delin purchases fourth asset for fund
Outlet: Released
Delin Capital Asset Management has continued its active acquisition programme with the purchase of its fourth asset, for its €400 million Capital Preservation Portfolio I.
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April 9, 2013 - NRG pays $244 million for Texas plant
Outlet: Zacks.com
NRG Energy has acquired the Gregory cogeneration plant in Corpus Christi, Texas, for approximately $244 million. The seller was a group of affiliates of Atlantic Power Corp., John Hancock Life Insurance Co., and Rockland Capital.
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April 9, 2013 - Golding Capital to invest $390 million in infrastructure deals
Outlet: Mergers & Acquisitions - Online
Golding Capital Partners has raised €300 million ($390 million) as part of a new fund to be used to invest in the infrastructure sector.
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April 9, 2013 - Arizona firm to build 399 apartment units
Outlet: GlobeSt.com
The Wolff Co., a multifamily development firm based in Scottsdale, Ariz., has purchased a 9-acre parcel of land for $24.2 million from investment partnership KL Anaheim.
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April 9, 2013 - Hong Kong office rental market to grow steadily in 2013
Outlet: DNA India - Online
According to Cushman & Wakefield's latest research report, Office MarketBeat, performance of Greater Central and non-core districts maintained its divergent trend.
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April 9, 2013 - U.S. hotel outlook strong despite some bumps
Outlet: HotelNewsNow.com
The U.S. hotel industry will spout positive results over the long term—though short-term performance will be a different story, panelists said Monday during the opening general session of the Hotel Equities and Lender Perspectives conference.
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April 9, 2013 - European fund Alecta plans three residential high-rises on Seattle's First Hill
Outlet: Puget Sound Business Journal - Online
European pension fund Alecta plans to develop three skyline-changing high rises on Seattle’s First Hill.
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April 9, 2013 - Prudential Real Estate releases first quarter consumer outlook survey
Outlet: PR Newswire - Online
Prudential Real Estate, an HSF Affiliates company, has released results of its first quarter Consumer Outlook Survey showing that Americans' sentiment toward real estate is growing increasingly favorable.
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April 9, 2013 - Ivanhoé Cambridge joins JV in 8,010-unit U.S. apartment portfolio
Outlet: PR Newswire - Online
Ivanhoé Cambridge has joined a partnership of the Real Estate Principal Investment Area of Goldman Sachs, Greystar Real Estate Partners and other partners in a portfolio of 27 high-quality multifamily properties located across the United States.
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April 9, 2013 - Amey completes acquisition of Enterprise
Outlet: Waterbriefing
Amey has confirmed that the merger with Enterprise is now complete following the £385 million takeover by Amey’s owner Ferrovial in February.
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April 8, 2013 - Panda plans second gas power plant in Sherman
Outlet: ENR Texas & Louisiana - Online
Panda Power, which in eight months has announced natural gas-fired power plants in Temple and Sherman, said Thursday it has secured financing for a second Temple unit, which it expects to go into operation by the summer of 2015.
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April 8, 2013 - Alberta goes on pipeline blitz in United States
Outlet: Calgary Herald, The
Alberta is pulling out all the stops in its bid to win approval of the Keystone XL pipeline because hundreds of billions of dollars and the province's economic and social wellbeing are on the line.
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April 8, 2013 - Home Properties sells two apartment properties
Outlet: PR Newswire
Home Properties has announced the sale of two properties with a combined total of 511 units for $109.1 million.
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April 8, 2013 - Post Oak commits $35 million to Maverick Brothers
Outlet: Oil and Gas Investor - This Week
Oak Energy Capital has made a commitment through investment partnerships it manages of $35 million in equity capital to Maverick Brothers Energy.
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April 8, 2013 - Top five Latin American infrastructure stories of first quarter 2013
Outlet: Business News Americas - Online
Despite first quarter economic conditions in Latin America being less robust than those in the same period last year, numerous high profile projects are still underway in the region. The following is a list of top infrastructure stories during the fi
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April 8, 2013 - CIC eyes infrastructure investment in Europe, United States
Outlet: Global Times
The China Investment Corp. (CIC) will focus more on infrastructure investment in Europe and the United States, Gao Xiqing said during an interview at Boao Forum for Asia Annual Conference 2013 held in south China's Hainan Province.
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April 8, 2013 - GE to acquire Lufkin Industries for $3.3 billion
Outlet: Rigzone.com
GE Oil & Gas will expand its artificial lift services beyond electric submersible pumps and strengthen its turbomachinery supply chain by acquiring U.S. based artificial lift provider Lufkin Industries for approximately $3.3 billion.
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April 8, 2013 - China mall supply seen meeting demand
Outlet: Women's Wear Daily - Online
China is building an unprecedented number of shopping malls and while some observers might be concerned about an oversupply, new research from Jones Lang LaSalle.
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April 8, 2013 - Patrizia buys GBW in deal valuing company at $3.3 billion
Outlet: Bloomberg News - Online
Patrizia Immobilien AG has agreed to buy Bayerische Landesbank’s GBW (GWB) AG unit in a transaction that values the residential landlord at $3.3 billion.
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April 8, 2013 - U.S. industrial market signals strength, expansion
Outlet: Business Facilities - Online
Prologis has published an in-depth analysis of the United States industrial real estate market in a paper titled “The Shape of the U.S. Industrial Recovery.”
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April 8, 2013 - EDF and Enbridge pay $600 million for Canadian wind project
Outlet: Mergers & Acquisitions - Online
EDF En Canada Inc. and Enbridge are buying the Blackspring Ridge Wind Project, located in Alberta, Canada, for $600 million.
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April 8, 2013 - MUFG buys U.S. property loans from Deutsche worth $3.7 billion
Outlet: Selftrade.co.uk
Mitsubishi UFJ Financial Group has acquired a U.S. commercial property loan portfolio from a Deutsche Bank unit worth $3.7 billion.
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April 8, 2013 - Equus sells 330-unit downtown Chicago student housing
Outlet: Commercial Property Executive - Online
Equus Capital Partners has sold a 330-unit student housing facility in Chicago for $58.5 million to a joint venture between Atlas Real Estate Partners, Marc Real Residential Marc Real Residential and Angelo, Gordon and Co.
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April 8, 2013 - Northstar pays $865 million for manufactured housing portfolio
Outlet: MSN Money (US)
NorthStar Realty Finance Corp. has acquired a manufactured housing portfolio comprising 71 communities containing approximately 17,000 pad rental sites located throughout five states.
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April 8, 2013 - Global Infrastructure Partners Among Bidders for Texas Power Plant
Outlet: Bloomberg Businessweek - Online
Global Infrastructure Partners is among the final bidders for a 400- megawatt power plant in Corpus Christi, Texas.
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April 8, 2013 - MUFG set to buy $3.7 bln worth Deutsche U.S. property loan: Source
Outlet: Asia.legalbusinessonline.com
...commercial property loans from Deutsche Bank worth about $3.7 billion, a source familiar with the matter said on Monday. The acquisition, which is likely to be agreed within a few days and will include Deutsche's team of bankers specialising in
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April 8, 2013 - MAC buys into Brisbane office tower
Outlet: Property Australia - Online
The SA Motor Accident Commission (MAC) has acquired Grosvenor’s 50 percent interest in 400 George St., Brisbane for $195.8 million.
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April 8, 2013 - Patrizia scoops up more German property in $3.3 billion deal
Outlet: GlobalPost.com
A consortium led by German real estate firm Patrizia won the bidding for GBW in Germany's largest residential property deal and the group's second major purchase from a bailed-out public sector bank within two years.
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April 8, 2013 - Colony Capital sees bubble in U.S. housing market
Outlet: Bloomberg News - Online
Colony Capital’s Tom Barrack said U.S. homes are in danger of becoming overvalued as low borrowing rates and an improving labor market fuel demand.
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April 8, 2013 - Bouwfonds REIM launches European student housing fund
Outlet: Europe Real Estate
Bouwfonds REIM, part of the Dutch Rabo Real Estate Group, is to launch a Europe-wide fund investing in student housing.
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April 5, 2013 - Gaw Capital raises $200 million for opportunistic fund
Outlet: Institutional Real Estate Newsline
Hong Kong–based Gaw Capital Partners has raised $200 million in a second close for its opportunistic fund Gateway Capital Real Estate Fund IV.
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April 5, 2013 - REITs rise 8 percent in first quarter
Outlet: Institutional Real Estate Newsline
Equity REITS posted a total return of 8.10 percent in first quarter 2013, slightly underperforming the S&P 500 Index’s 10.61 percent total return, according to the FTSE NAREIT All Equity REITs Index.
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April 5, 2013 - Oxford Properties eyes second London asset for £230 million
Outlet: CoStar UK News
Oxford Properties, the Canadian developer and investor, is under offer to buy the London Stock Exchange’s City of London home at 10 Paternoster Square from Mitsubishi Estate Company for £230 million.
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April 4, 2013 - Arkansas Teachers invests $20 million in real estate fund
Outlet: Institutional Real Estate Newsline
The $12.6 billion Arkansas Teachers Retirement System has invested $20 million in the LaSalle Income and Growth Fund VI.
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April 4, 2013 - Starwood Capital hires Zsolt Kohalmi to oversee European acquisition efforts
Outlet: PR Newswire - Online
Starwood Capital has hired Zsolt Kohalmi, formerly Chief Investment Officer at Meyer Bergman, to head up its European acquisition efforts. Zsolt will be tasked with significantly growing Starwood's European private equity portfolio across Europe.
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April 4, 2013 - Prudential sells 800 Wilshire office building for $49.6 million
Outlet: Commercial Real Estate Direct
Lincoln Property Co. has agreed to pay Prudential Real Estate Investors about $49.6 million, or $220/sf, for 800 Wilshire Blvd., a 225,728-square-foot office building in downtown Los Angeles.
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April 4, 2013 - Archstone Crystal Towers trade for record $322 million
Outlet: GlobeSt.com
Archstone Crystal Towers has traded for $322.25 million setting a record for a single multifamily property trade in the area.
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April 4, 2013 - LaSalle names Jason Kern as CEO of Americas
Outlet: Released
LaSalle Investment Management has appointed Jason Kern as CEO, Americas. Previously, he was with Hong Kong and Shanghai Banking Corp. (HSBC) as managing director and head of HSBC’s Asia-Pacific real estate and lodging advisory group.
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April 4, 2013 - Tristan Fund acquires French logistics warehouses for €56 million
Outlet: Released
CCP III, the core plus fund advised by pan-European real estate investment manager Tristan Capital Partners, has acquired two prime logistics warehouses in southern France from Groupe Carnivor for a total of €56 million.
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April 4, 2013 - Heitman promotes senior personnel
Outlet: Released
Heitman has promoted Kathy Sandstrom to senior managing director and Jenna Sheehan will assume Sanstrom's former role as director of client services and marketing of North America.
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April 4, 2013 - MGPA acquires two office buildings in Tokyo
Outlet: Released
MGPA has acquired South Shin Otsuka Building in Otsuka and Shinjuku TX Building in Shinjuku, Tokyo. The two acquisitions were made on behalf of MGPA’s German fund focused on Asia, MGPA Asien Spezialfonds.
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April 3, 2013 - The Shuman Law Firm investigates Cole Credit Property Trust III
Outlet: Yahoo! Finance
The Shuman Law Firm has announced that it is investigating potential claims against certain officers and directors of Cole Credit Property Trust III.The firm's investigation concerns the company's recent announcement rejecting an unsolicited proposal from American Realty Capital Properties to acquire CCPT III.
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April 3, 2013 - SEB raises $385 million from sale of three Berlin properties
Outlet: Bloomberg News - Online
SEB Asset Management AG has raised about €300 million ($385 million) selling a hotel in the Potsdamer Platz complex and two other buildings in Berlin for its ImmoInvest fund, which is due to be dissolved in 2017.
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April 3, 2013 - Downtown NYC office vacancies fall on technology demand
Outlet: Bloomberg News - Online
Lower Manhattan office vacancies fell in the first quarter to the lowest since 2008 as technology and creative firms priced out of the midtown south area spilled into the market, according to Cushman & Wakefield.
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April 3, 2013 - AEW JV equity joins another partnership for retail center
Outlet: FacilitiesNet
A partnership led by AEW Capital Management (AEW) has provided joint venture equity, assumed the existing debt, and formed a new partnership with the existing owners, The Retail Connection and Cheney Mathes, who are minority stakeholders, to own Arlington Highlands.
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April 3, 2013 - Demand for space in U.S. strip malls still weak in first quarter
Outlet: Thomson Reuters - India - Online
Limited supply of new U.S. strip malls helped offset weak demand for space in the first quarter, easing the national vacancy rate to 10.6 percent from 10.7 percent the prior quarter, according to the report by real estate research firm Reis Inc.
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April 3, 2013 - Walton Street venture buying Continental Towers
Outlet: Crain's Chicago Business - Online
Walton Street Capital and GlenStar Properties has paid about $59 million for the Continental Towers complex in Rolling Meadow, Ill.
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April 3, 2013 - Bristol airport hotel ready for take off
Outlet: HotelNewsNow.com
Bristol International Airport has signed an agreement with Pedersen Airport Hotels for the development of an on-site hotel.
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April 3, 2013 - Redefine International makes part disposal of Cromwell Securities generating significant net profit
Outlet: Released
Redefine International has disposed of 84.5 million securities in its associate company the Cromwell Property Group, held through its 100 percent held subsidiary, Redefine Australian Investments.
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April 3, 2013 - Internos advises Quintain on the sale of 50 percent stake in Hilton Wembley Hotel
Outlet: Released
Internos Global Investors announces has advised Quintain Estates & Development on the £30.1 million sale of a 50 percent interest in the 361-room Hilton Wembley Hotel in London to a fund managed by Oaktree Capital Management.
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April 3, 2013 - Opportunity knocks for central London occupiers
Occupiers in Central London’s office market seeking more value-for-money are driving leasing activity as the balance of power remains in their favor, according to research published today by global property consultants Cushman & Wakefield.
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April 3, 2013 - Dutch Embassy to move to Embassy Gardens at Nine Elms
Outlet: Released
Ballymore Group confirms a deal with the Kingdom of the Netherlands, which will see the Dutch Embassy move to a site forming part of the Embassy Gardens development, located in the heart of Nine Elms on the South Bank.
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April 3, 2013 - Demand for U.S. office space improves - barely
Outlet: Globe and Mail - Online, The
The U.S. office vacancy rate fell only slightly during the first quarter, according to a quarterly report released this week.
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April 3, 2013 - Raine Square to go for $420 million
Outlet: Australian- Online, The
The Perth skyscraper Raine Square, which has been put up for sale by receivers, may sell for about $420 million.
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April 3, 2013 - Coreland hires new regional property manager
Outlet: CoStar Group
Coreland Cos. has hired Elaine Seaholm as regional real estate manager. Seaholm will be managing a portfolio of commercial properties in the Inland Empire region from Coreland's Corona office.
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April 3, 2013 - Kyle Miller joins Whitestone REIT
Outlet: GlobeSt.com
Whitestone REIT has hired Kyle Miller as vice president of operations. Miller was previously senior vice present, development & investment, for Trammell Crow Co.
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April 3, 2013 - Tech, energy add pop to commercial real estate rise
Outlet: Tech Investors News
Growth in the technology and energy industries is adding extra pop to the commercial real estate rebound in the biggest U.S. cities as well as smaller ones. While New York and Los Angeles continue to rack up the highest dollar volumes of transactions, tech-heavy centers like Seattle and San Jose, Calif., are seeing some of the fastest growth rates.
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April 3, 2013 - SNC-Lavalin hires French nuclear power firm executive as CFO
Outlet: Province - Online, The
SNC-Lavalin Group has hired an executive from French nuclear power company Areva SA to be its CFO.
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April 3, 2013 - BNP Paribas Real Estate poaches industrial head from CBRE
Outlet: Property Week - Online
BNP Paribas Real Estate has poached its new national head of industrial agency from CBRE.
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April 3, 2013 - Prologis signs build-to-suit agreement in China
Outlet: PR Newswire - Online
Prologis has signed a build-to-suit agreement for two facilities in China with Deppon totaling 452,000 square feet.
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April 3, 2013 - CBRE appoint a new Irish manager
Outlet: Business World
Global real estate advisor CBRE has named Enda Luddy managing director (MD) for Ireland while the current MD, Guy Hollis, is to assume broader role within CBRE EMEA.
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April 3, 2013 - Primark Distribution Unit sold for £60.5 million
Outlet: Logistics Handling
LondonMetric Property, the U.K. REIT recently created through the merger of London & Stamford Property and Metric Property Investments has acquired Primark Distribution Unit, Thrapston from Moorfield Real Estate Fund II for £60.5 million.
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April 2, 2013 - Prupim buys $158 million private rented U.K. homes from Berkeley
Outlet: Bloomberg News - Online
Prupim, the real estate unit of M&G Investments, has agreed to buy a portfolio of rental homes in London and southeast England for £105.4 million ($158 million) from Berkeley Group Holdings.
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April 2, 2013 - Ground Rents Income Fund aims to raise £50 million
Outlet: Property Week - Online
The listed investment trust, Ground Rents Income Fund, seeks to raise further capital of up to £50 million.
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April 2, 2013 - Wind power deals stir European market
Outlet: Sydney Morning Herald - Online
Europe's wind market may already be overshadowed by China and the United States but there are plenty of glimmers of further development in the region.
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April 2, 2013 - MPL appoints Lim as Asia business development manager
Outlet: Investment Europe
Managing Partners Limited (MPL) has appointed Benjamin Lim as business development director for Asia. Lim will be based in Singapore.
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April 2, 2013 - Summit Materials purchases Lafarge
Outlet: RenewableEnergyWorld.com
Summit Materials, an aggregates and ready-mix concrete company in Utah, and the purchase of certain aggregates, ready-mix concrete, asphalt and paving assets based in Wichita, Kansas from Lafarge North America.
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April 2, 2013 - Japan plans ¥100 billion solar power park
Outlet: Business Green
A remote Japanese island is set to build a giant 400-megawatt solar power park, helping to reduce the country’s reliance on costly gas imports and scale up its green energy supplies.
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April 2, 2013 - Deutsche acquires three West Coast commercial properties for $266 million
Outlet: Released
Deutsche Asset & Wealth Management, on behalf of three institutional investors, has acquired three West Coast commercial properties for $266 million.
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April 2, 2013 - W3 Partners names Peter Mette as managing partner
Outlet: Released
W3 Partners has named Peter Mette as managing partner. In his new role, Mette is charged with sourcing new deals in Northern California and the Pacific Northwest.
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April 2, 2013 - DDR pays $81 million for two retail properties
Outlet: Commercial Real Estate Direct
DDR Corp. has paid a total of $81 million for two retail centers in Dallas and Oakland, Calif.
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April 2, 2013 - Hines pays $197.3 million for Riverside Center
Outlet: Released
Hines REIT has acquired Riverside Center, a 509,702-square-foot suburban Boston office complex, for $197.3 million.
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April 2, 2013 - ARCP increases cash portion of CCPT III offer and calls on board to act now
Outlet: Released
American Realty Capital Properties (ARCP) has another letter to the Cole Credit Property Trust III (CCPT III) board of directors which could increase the cash portion of its acquisition offer up to 60 percent.
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April 2, 2013 - Westfield hints at assets sale
Outlet: Brisbane Times
Expectations that Westfield Group may look to sell down its interests in shopping centres across the country and in New Zealand comes at a time when investing in malls is on the ascendancy from private investors.
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April 2, 2013 - Three NW Austin office buildings sell for $76 million
Outlet: Austin American-Statesman - Online
An affiliate of Thomas Properties Group has completed the sale of three office properties in northwest Austin for $76 million.
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April 2, 2013 - Dexus sells remaining U.S. industrial property
Outlet: Released
Australia-based Dexus Property Group has agreed to sell its remaining U.S. industrial property. The Glendale, Calif., property was sold for $56.2 million.
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April 2, 2013 - Meadow Partners nears final close for second fund
Outlet: Institutional Real Estate Newsline
Meadow Partners plans to hold a final close for Meadow Real Estate Fund II on April 15, 2013.
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April 2, 2013 - AXA Private Equity raises €1.75 billion for third infrastructure fund
Outlet: Institutional Real Estate Newsline
AXA Private Equity held a €1.75 billion ($2.2 billion) final close for its AXA Infrastructure Fund III in March 2013.
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April 2, 2013 - Adrian Blocker joins Weyerhaeuser as new lumber vice president
Outlet: SYS-CON Media
Weyerhaeuser Co. has hired Adrian Blocker as vice president of lumber. Blocker's appointment follows Robert Taylor 's planned retirement from the company in May.
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April 2, 2013 - Bixby/Cornerstone JV purchases El Segundo office building
Outlet: National Real Estate Investor - Online
Bixby Land Co. and Cornerstone Real Estate Advisers have purchased the 112,695-square-foot office building at 2101 El Segundo Blvd. in El Segundo, Calif., from The Krausz Cos. The purchase price was not disclosed.
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April 2, 2013 - Blackstone set to acquire international commercial property firm
Outlet: HousingWire
The Blackstone Group's real estate unit may gain control of Multi Corp., a European shopping-mall developer, after acquiring almost half of the company's corporate debt. Gaining control of Multi would give Blackstone a pan-European retail business.
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April 2, 2013 - GIP to acquire terminals business
Outlet: American Shipper - Online
The liner carrier Mediterranean Shipping Co. has agreed to sell a 35 percent stake in its terminals business, Terminal Investment, to Global Infrastructure Partners (GIP) for more than $1.9 billion.
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April 2, 2013 - GRESB launches 2013 survey on sustainability performance in real estate sector
Outlet: Released
The Global Real Estate Sustainability Benchmark (GRESB), which measures the sustainability performance of the global real estate investment industry, has announced that its 2013 Survey is open for responses.
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April 2, 2013 - Invesco closes second hotel fund with €200 million
Outlet: Released
Invesco Real Estate has held a final close for its INVESCO European Hotel Real Estate Fund II with €200 million in equity.
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April 2, 2013 - Pricoa Mortgage Capital closes first commercial real estate loan in the Netherlands
Outlet: Released
Pricoa Mortgage Capital has provided €55.5 million of a total €70.5 million financing package in the Netherlands, its third commercial real estate loan since launching its European business in 2012 and its first in continental Europe.
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April 2, 2013 - Alvarez & Marsal hires managing director
Outlet: Released
Alvarez & Marsal Taxand U.K. has appointed a new managing director in London specialising in real estate, Charles Beer.
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April 2, 2013 - AXA Real Estate’s Tokyo Office Property Fund agrees first acquisitions totalling ¥10 billion
Outlet: Released
AXA Real Estate Investment Managers has announced that the Tokyo Office Property Fund has completed the its first acquisition, Shinjuku Sanchome located in the Shinjuku ward of central Tokyo.
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April 2, 2013 - Investors invests $7 billion in Melbourne, Sydney assets
Outlet: BusinessDay
Investors poured close to $7 billion into Melbourne's and Sydney's office and retail markets in the past year as they looked to increase exposure to the eastern seaboard.
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April 2, 2013 - OTPP earns 14 percent return in 2012 for its real assets
Outlet: Canadian Business - Online
The Ontario Teachers' Pension Plan (OTPP) earned a totaled $28.7 billion return compared with $25.8 billion at the end of 2011for its real assets, which included real estate, infrastructure and timberland.
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April 2, 2013 - McFarlane marks industry return with debut retail fund
Outlet: FTadviser.com
Dundas Global Investors has launched Heriot Global Equity fund, which will invest in the U.K. retail market.
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April 2, 2013 - Costain JV scoops £300 million Crossrail tunnel fit-out
Outlet: Construction Enquirer
Crossrail will award the major rail tunnel fit-out job to a joint venture comprising Costain, French trackwork specialist TSO and Alstom Transport.
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April 1, 2013 - NGKF makes three new hires
Outlet: Rentv.com
Newmark Grubb Knight Frank (NGKF) hired three new hires for its Southern California retail division.
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April 1, 2013 - Mirvac Group completes $165 million sale in Washington
Outlet: Finance News Network
Mirvac Group has completed the sale of its 50 per cent stake in Treasury Office Tower in Western Australia for $165 million.
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April 1, 2013 - LACERA acquires two office buildings in Seattle
Outlet: The CoStar Group
The Los Angeles County Employees Retirement Association has acquired two office buildings in the Union Station office complex located in Seattle, Wash., from Seattle Union Station for $96.9 million.
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April 1, 2013 - Harrison Street buys LIU student housing for $61 million
Outlet: The Real Deal
Harrison Street Real Estate Capital has paid $62.7 million for 490 Fulton St. in Brooklyn, N.Y. C.
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April 1, 2013 - JDS Development and Property Markets Group to build hotel, condo tower in Manhattan
Outlet: Real Deal, The
A partnership led by Michael Stern’s JDS Development and Property Markets Group has $46 million for a stake in the 247,000-square foot building at 109 West 57th Street belonging to Steinway Musical Instruments.
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April 1, 2013 - James W. Arce joins Cassidy Turley as senior managing director
Outlet: Reuters
James W. Arce has joined Cassidy Turley as senior managing director, West Region.
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April 1, 2013 - KBS REIT pays $239 million for San Jose, Calif., office complex
Outlet: Commercial Real Estate Direct
An affiliate of KBS REIT II Inc. has paid $239 million for the 610,083-square-foot Corporate Technology Centre in San Jose, Calif. The property consists of eight office buildings on 32.7 acres.
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April 1, 2013 - Bascom completes ninth acquisition
Outlet: Released
Bascom Arizona Ventures has closed its ninth acquisition named The Fairways Apartments, a 352-unit community located in Chandler, Ariz. for $35.2 million.
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April 1, 2013 - Panther Properties Investment acquires three class A apartment communities
Outlet: Released
Panther Properties Investment has acquired a $75 million, three property multifamily portfolio totaling 740 units.
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April 1, 2013 - Eagle Rock plans April 30 final close
Outlet: Institutional Real Estate Newsline
Eagle Rock Advisors plans to hold a final close on April 30, 2013 for its debut fund.
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April 1, 2013 - DIF holds €800 million final close
Outlet: Institutional Real Estate Newsline
Independent fund manager DIF has held an €800 million ($1.0 billion) final close for its third infrastructure fund, DIF Infrastructure III.
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April 1, 2013 - AR Capital closes on $112 million NYC office buy
Outlet: CoStar Group
American Realty Capital NY Recovery REIT has closed on its previously-announced acquisition of 218 W. 18th St. in New York City for $112 million.
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April 1, 2013 - First Solar buys California-based power project
Outlet: Industrial Maintenance & Plant Operation - Online
First Solar has purchased a 150-megawatt power project in Southern California. Construction is expected to start this year and finish in 2014.
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April 1, 2013 - Prudential to enter rented housing market
Outlet: Selftrade.co.uk
Insurer Prudential is set to become the first institutional investor to enter Britain's rented housing market.
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April 1, 2013 - Garden City retail units sell for $66.2 million
Outlet: Real Estate Weekly - Online
Metropolitan Realty Associates and Angelo, Gordon & Co. have announced the $66.25 million sale of the retail condominiums at 711 Stewart Ave. in Garden City, N.J., to Hampshire Cos.
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April 1, 2013 - Ivy Funds adds new choices for global real estate investors
Outlet: Business Wire - Canada - Online
Ivy Funds launches two new global funds to help investors and financial advisors pursue the potential opportunities of investment in real estate securities: Ivy Global Real Estate Fund and Ivy Global Risk-Managed Real Estate Fund.
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March 30, 2013 - Allianz, Borealis to buy RWE's Net4Gas
Outlet: Gulf Today, The
German insurer Allianz and a Canadian investor have agreed to pay some €1.6 billion ($2 billion) including debt for a Czech gas pipeline operator.
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March 29, 2013 - San Francisco office residential tower project to cost $375 million
Outlet: Bloomberg
Jay Paul Co. plans to build a 54-story office and residential tower in the city's South of Market neighborhood, which will cost about $375 million.
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March 29, 2013 - $85 billion plan to boost Thai rail, roads set to get nod
Outlet: Straits Times, The
A multibillion- dollar plan for Thailand's infrastructure development looks set to be passed by Parliament despite some controversy over how it would be financed.
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March 29, 2013 - Ivanhoe cambridge looks to expand to investments in private companies
Outlet: National Post
Ivanhoe Cambridge Inc., the real estate company controlled by Quebec pension fund Caissededépôt, is turning to private equity investments in Canada for the first time to bolster returns.
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March 29, 2013 - Obama wants to bolster infrastructure spending
Outlet: Daily Journal - Online, The
Obama traveled to Miami on Friday and called on Congress to pass tax incentives for road, bridge and tunnel projects and establish a National Infrastructure Bank.
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March 29, 2013 - U.S. eyes pension funds to renew crumbling infrastructure
Outlet: Inter Press Service - Online
President Barack Obama doubled down on a new push for infrastructure investment in a major speech Friday, highlighting roads, ports and bridges that many say have suffered from decades of insufficient upkeep.
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March 29, 2013 - Port of Greater Cincinnati Development Authority proposes mixed-use project
Outlet: Business Courier of Cincinnati - Online
The Port of Greater Cincinnati Development Authority has proposed redeveloping a shopping center site in that city into a mixed-use project. The project could cost up to $75 million to develop.
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March 29, 2013 - AMD completes $164 million sale-leaseback in Austin
Outlet: Citybizlist - Dallas Real Estate
Advanced Micro Devices (AMD) has sold its Lone Star Campus at 7171 Southwest Parkway in Austin, TX to 7171 Southwest Parkway Holdings for $164 million.
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March 29, 2013 - Ivanhoé Cambridge announces organizational changes
Outlet: Released
The real estate arm of Caisse de dépôt et placement du Québec has rearranged several executives to strengthen its Canadian and international platforms, as well as its Quebec team.
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March 29, 2013 - Perella Weinberg JV buys $540 million portfolio
Outlet: Released
Caribbean Property Group and Perella Weinberg Partners have completed the acquisition of a portfolio of non-performing commercial and constructions loans, and commercial and single-family real estate from Banco Popular de Puerto Rico.
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March 29, 2013 - LACERA commits additional $100 million to Capri Capital Partners
Outlet: Institutional Real Estate Newsline
The $39.2 billion Los Angeles County Employees Retirement System (LACERA) has approved an additional $100 million commitment to separate account manager Capri Capital Partners.
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March 29, 2013 - Cromwell places $2 billion in assets up for sale
Outlet: BusinessDay
Listed Cromwell Property Group will put up for sale office assets in Sydney and Melbourne. Across the country, office assets worth almost $2 billion are being prepared for sale as the owners look to reinvest the cash into new developments.
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March 29, 2013 - Dubai is among lowest risk cities in the world
Outlet: Kenya Star
Dubai has been found to be one of the lowest risk cities in the world, according to a report by Aon Hewitt. Its list of Lowest Risk Cities in the world to recruit, employ and redeploy talent found that Dubai is ranks 19thin the world and first in the Middle East.
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March 29, 2013 - Dynegy deeks $1.8 billion covenant-light financing
Outlet: Bloomberg News - Online
Dynegy, the U.S. independent power producer that exited from bankruptcy protection last year, is seeking $1.8 billion of loans to refinance debt.
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March 28, 2013 - Obama to pitch infrastructure investments
Outlet: Associated Press (AP)
President Barack Obama will press Congress to pass new tax incentives and other flexibility measures aimed at attracting more private sector investment in infrastructure projects around the country, a senior administration official said.
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March 28, 2013 - Massachusetts retirement system issues RFP for core managers
Outlet: Institutional Real Estate Newsline
The $75 million North Attleboro (Mass.) Contributory Retirement System (NACRS) is searching for an open-end core or core-plus real estate manager.
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March 28, 2013 - CCPT III confirms receipt of revised unsolicited proposal from ARCP
Outlet: Released
Cole Credit Property Trust III (CCPT III) has confirmed receipt of a revised unsolicited proposal from American Realty Capital Properties (ARCP) to acquire 100 percent of the outstanding common stock of CCPT III.
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March 28, 2013 - Cerberus seeks to bankroll investor landlords
Outlet: Yahoo! News
Private equity firm Cerberus Capital Management wants to provide financing to small investment firms that are buying foreclosed homes as part of a long-term bullish bet on the housing recovery.
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March 28, 2013 - FSBA searches for real estate and strategic investments consultant
Outlet: Institutional Real Estate Newsline
The $162.3 billion Florida State Board of Administration (FSBA) has issued an RFP for a real estate and strategic investments consultant.
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March 28, 2013 - OMERS buys 50 percent interest in Czech Republic's natural gas distributor
Outlet: Canadian Business - Online
The infrastructure investment arm of the Ontario municipal employees’ pension fund has joined forces with Allianz Capital Partners to purchase the natural gas transmission and transit system operator in the Czech Republic.
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March 28, 2013 - New Mexico Council commits $200 million to infrastructure
Outlet: Institutional Real Estate Newsline
The New Mexico State Investment Council has committed $200 million to two separate infrastructure funds.
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March 28, 2013 - WHI Real Estate Partners hires managing principal
Outlet: Institutional Real Estate Newsline
Jonathan Lulu has joined WHI Real Estate Partners as managing principal.
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March 28, 2013 - NYRR acquires office building in Chelsea for $112 Million
Outlet: iStockAnalyst
American Realty Capital New York Recovery REIT (NYRR) has closed the acquisition of the office building located at 216-18 West 18th St. in the Chelsea neighborhood of Manhattan. The purchase price for the building was $112.0 million.
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March 28, 2013 - Landmark hotel sold in £300 million
Outlet: Express and Star - Online
InterContinental Hotels has sold Park Lane hotel in London to Constellation Hotels for £301.5 million.
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March 28, 2013 - Hines Global REIT acquires office complex in Poland
Outlet: Released
Hines has acquired the 481,070-square-foot New City office complex in Warsaw, Poland, from Europejskie Centrum Inwestycyjne.
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March 28, 2013 - Carlyle Group buys site for 19-storey student block
Outlet: Construction Enquirer
Carlyle Group plans to start work next month on a 19-storey tower block in East London. The firm purchased an existing site at 60 Commercial Rd. on the city fringes for its Pure Student Living brand.
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March 28, 2013 - Henderson U.K. Retail Warehouse fund acquires Kidderminster Matalan unit in exchange for new equity
Outlet: Released
Henderson Global Investors’ £12.5 billion Property Business has acquired a retail unit in Kidderminster for £4.36 million which equates to a net initial yield of 7.1 percent.
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March 28, 2013 - 3i Infrastructure European portfolio performing well
Outlet: thebusinessdesk.com - West Midlands
3i Infrastructure says its European portfolio is performing robustly but persisting macroeconomic and sector specific headwinds continued to affect the performance of the 3i India Infrastructure Fund in the second half.
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March 28, 2013 - Kismis Lodge sells to Newfort Alliance for S$84.18 million
Outlet: Property Report Thailand - Online
Kismis Lodge, a landed residential development in Singapore, has been successfully sold to Newfort Alliance (Cairnhill) Pte Ltd.
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March 27, 2013 - LCB, Grosvenor JV on NH senior housing
Outlet: GlobeSt.com
A joint venture of LCB Senior Living and Grosvenor Fund Management has acquired the Arbors of Bedford for $35 million. It’s the first deal for LCB.
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March 27, 2013 - Miami beach resort and spa sells for $117 million
Outlet: Commercial Real Estate Direct
An entity led by Joseph Chetrit has purchased the 424-room Miami Beach Resort and Spa for $117 million.
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March 27, 2013 - Korean group to pay $218 million for Chicago office building
Outlet: Crain's Chicago Business
Mirae Asset Global Investments of South Korea has agreed to pay about $218 million for a 650,812-square-foot office building at 225 West Wacker Drive in Chicago.
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March 27, 2013 - USS successfully completes acquisition of Brisbane Airtrain
Outlet: Released
The Universities Superannuation Scheme (USS) has completed the acquisition of the Brisbane Airtrain.
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March 27, 2013 - Hillwood Properties to develop 1.2-million-square-foot industrial building
Outlet: Dallas Business Journal - Online
Hillwood Properties has proposed a 1.2 million-square-foot industrial project in Fort Worth, Texas. The property is going up in the 650-acre Alliance Center industrial complex.
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March 27, 2013 - Hines promotes Michael Desguin senior vice president-conceptual construction
Outlet: Released
Hines has promoted Michael Desguin to senior vice president-conceptual construction at Williams Tower in Houston from vice president.
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March 27, 2013 - Nakash Holdings pays more than $100 million for D.C. office building
Outlet: Commercial Real Estate Direct
Nakash Holdings has paid more than $100 million for the Bond Building, a 175,000-square-foot office building at 1400 New York Ave. NW in Washington, D.C.
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March 27, 2013 - Manhattan's 1412 Broadway on sales market for $250 million
Outlet: New York Post
Harbor Group International is offering for sale the 420,000-square-foot office building at 1412 Broadway in Manhattan. The property, which is being marketed by Eastdil Secured, could fetch $250 million.
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March 27, 2013 - Dermot Co. and AFL-CIO venture offers N.Y.C. apartment building for sale
Outlet: Citybizlist New York
A venture of the Dermot Co. and AFL-CIO Building Investment Trust is offering for sale the Opal, a 388-unit apartment building in Queens, N.Y.
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March 27, 2013 - STORE Capital pays $79 million for 34 Applebee's restaurants
Outlet: Commercial Real Estate Direct
STORE Capital Corp. has paid $79 million for a portfolio of 34 Applebee's restaurants that are being leased back to RMH Franchise Corp.
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March 27, 2013 - LondonMetric acquires Primark Distribution Unit in Thrapston
Outlet: Released
LondonMetric Property has purchased the Primark Distribution Unit, Thrapston from Moorfield Real Estate Fund II for
£60.5 million.
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March 27, 2013 - Ferguson hires David Thalhamer as managing director in New York office
Outlet: Released
Ferguson Partners has appointed David Thalhamer as a managing director based in the company's New York City office.
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March 27, 2013 - First Reit to acquire two Indonesian hospitals for $190 million
Outlet: Straits Times - Online, The
First Real Estate Investment Trust has agreed to acquire two new income-producing hospitals in Indonesia for $190.4 million.
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March 27, 2013 - Blackstone plots new life for troubled city buys
Outlet: Australian- Online, The
Some might consider them the ugly ducklings of the global financial crisis, but Blackstone's Australian head of real estate, Paul Heller, lights up when he describes plans to turn Valad Property Group, Top Ryde City and the bundle of distressed property loans the group purchased from British bank Lloyds into swans.
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March 27, 2013 - Kames Capital chief Fleming steps down
Outlet: Citywire.co.uk
Andrew Fleming is leaving Kames Capital in a move that will see the roles of CEO and CIO split.
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March 27, 2013 - TMRS invests in core and opportunistic real estate
Outlet: Institutional Real Estate Newsline
The $20.8 billion Texas Municipal Retirement (TMRS) has committed $250 million to three real estate funds.
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March 26, 2013 - Vornado closes on $500 million acquisition of Green Acres Mall
Outlet: CoStar Group
Vornado Realty Trust has sold the Green Acres Mall in Nassau County on Long Island to The Macerich Co.
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March 26, 2013 - HSRE-EB I closes on $290 million senior living portfolio
Outlet: CoStar Group
Harrison Street Real Estate Capital and The Engel Burman Group have acquired five senior living communities in Long Island from Chartwell Seniors Housing REIT and ING Real Estate Australia.
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March 26, 2013 - Harrison Street commits $375 million to student housing program
Outlet: PRWeb - Online
Harrison Street Real Estate Capital and Capstone Development Partners have invested $375 million in P3+, a program for universities seeking cost-effective private sector financing and development assistance with their on-campus housing.
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March 26, 2013 - BioMed Realty to acquire Wexford Science & Technology for $640 million
Outlet: Released
BioMed Realty Trust as agreed to acquire Wexford Science & Technology in a deal valued at $640 million. The firm has a 1.6 million-square-foot portfolio of life science properties.
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March 26, 2013 - Lone Star Funds Buys Eilan
Outlet: REDNews
Private equity firm Lone Star Funds has closed on the purchase of the 120-acre Eilan development.
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March 26, 2013 - AIG and Goldman Sachs head five-lender Gagfah €2 billion refinancing
Outlet: CoStar UK News
AIG and Goldman Sachs head a five-strong club of lenders alongside three German pfandbrief banks to refinance more than €1 billion of Gagfah’s maturing €2.06 billion securitised debt.
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March 26, 2013 - Brookfield gives Bruce Gillingham Pollard London retail mandate
Outlet: CoStar UK News
Brookfield Office Properties has appointed Bruce Gillingham Pollard to provide retail consultancy advice across its 2.74 million-square-foot office led London portfolio.
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March 26, 2013 - New Jersey Lenders Locked in Competition for Multifamily Assignments
Outlet: Commercial Observer - Online
...Group, said Mr. Martocci. PNC, which oversaw $305 billion in total assets and $186 billion in total loans as of December 2012, declined to speak about its commercial real estate operations in New Jersey. Outside of the banking arena, the c
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March 26, 2013 - Paladin Realty hires new head of Brazil officce
Outlet: Released
Paladin Realty Partners has hired Ricardo Raoul as a managing director and Brazil Country head. He will be based in the firm’s São Paulo office.
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March 26, 2013 - Pramerica Real Estate Investors launches publicly-traded Fibra in Mexico
Outlet: Released
Pramerica Real Estate Investors-sponsored Terrafina has raised MXP8.3 billion ($665 million) in its initial public offering, the companies announced today. Terrafina is a Mexican real estate investment trust known as a fideicomiso de bienes raices, or Fibra.
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March 26, 2013 - LaSalle acquires Cologne commercial property
Outlet: Released
LaSalle Investment Management Kapitalanlagegesellschaft mbH has acquired a commercial property on the Neumarkt in Cologne on behalf of a specialist investment fund managed by LaSalle KAG.
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March 26, 2013 - LaSalle’s Euro Growth II Fund sells Swedish office
Outlet: Released
LaSalle Investment Management has sold a high quality office building in the Swedish IT center of Kista to Nordika Fastigheter AB on behalf of its LaSalle Euro Growth II Fund.
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March 26, 2013 - iii-investments acquires 'Belview Offices' project in Brussels for pension scheme institutional fund
Outlet: Released
iii-investments has acquired the 'Belview Offices' project development in Brussels for a profession-linked pension scheme institutional fund that invests in real estate.
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March 26, 2013 - Wells Fargo and LaSalle provide £67 million to Blackstone for U.K. properties
Outlet: Released
Wells Fargo & Co. has provided £54.3 million ($85 million) in financing to Blackstone for the acquisition of seven distribution warehouses in core markets.
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March 26, 2013 - CCP III acquires Swan Center in Eastleigh
Outlet: Released
CCP III, a fund advised by pan-European real estate investment manager Tristan Capital Partners, has acquired the Swan Center in Eastleigh, Hampshire, from PRUPIM.
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March 26, 2013 - CalPERS announces first partnership under multi-asset class partners program
Outlet: Released
The California Public Employees’ Retirement System (CalPERS) is investing $500 million with Edinburgh, Scotland-based Standard Life Investments as part of its multi-asset class partners program.
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March 26, 2013 - Grosvenor Americas and Cressey announce partnership to build 319-unit tower
Outlet: Marketwire - Online
Adding to Downtown Calgary's West End skyline for the first time in nearly a decade, Grosvenor Americas and Cressey Development Group plan for a new residential two tower development with 319 suites.
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March 26, 2013 - Vestar closes $87 million South Bay retail acquisition
Outlet: Rentv.com
A Vestar-led venture has acquired Peninsula Center, a Pavilions-anchored center in Rolling Hills Estates, for $87.3 million.
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March 25, 2013 - NPS plans to open Hong Kong office
Outlet: Asian Investor - Online
Korea’s $340 billion National Pension Service (NPS) is preparing to open an office in Hong Kong, potentially this year, and will look at setting up in Shanghai in the future.
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March 25, 2013 - New Jersey invests $500 million in Asia Blackstone fund
Outlet: Institutional Real Estate Newsline
The $72.8 billion New Jersey Division of Investment (NJDOI) has committed $500 million to Blackstone Real Estate Partners Asia.
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March 25, 2013 - CBRE arranges $98.2 million in financing for Reston Executive Center
Outlet: Citybizlist Washington DC
CBRE Capital Markets has arranged $98.2 million in debt financing for Reston Executive Center, three class A office buildings totaling 494,264 square feet.
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March 25, 2013 - Westfield sells U.S. mall stakes for $700 million to O’Connor
Outlet: BusinessWeek Investing - Online
Westfield Group has sold half its shares in six malls in Florida to O’Connor Capital Partners for about $700 million.
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March 25, 2013 - Overseas investors eye Chinese property
Outlet: Asia News Network
China may see an increase in property transactions involving international investors in 2013, fuelled by the economic recovery and the rosy outlook of China's commercial properties, industry experts said.
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March 25, 2013 - Cornerstone to manage OppenheimerFunds' global real estate fund
Outlet: InsuranceNewsNet - Online
Cornerstone Real Estate Advisers has been appointed by OppenheimerFunds to manage its newly-launched Global Real Estate Fund.
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March 25, 2013 - 3i Infrastructure sells stake in Alpha Schools at a premium
Outlet: MoneyWeek - Online
3i Infrastructure has sold its 50 percent holding in Alpha Schools Holdings Limited to a wholly-owned subsidiary of HICL Infrastructure Co.
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March 23, 2013 - Canadian Investor Plans Overhaul of Mission West Portfolio
Outlet: Registry - Online, The
Two Canadian companies investing pension fund money have acquired all but a sliver of the equity in the former Mission West portfolio acquired by San Francisco’s Divco West Properties and TPG Real Estate at the end of last year.
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March 22, 2013 - Billingsley to develop office building, roadway at Cypress Waters
Outlet: Dallas Business Journal
Dallas-based Billingsley Co. plans to develop an office building and a four-lane roadway at Cypress Waters, a 1,000-acre mixed-use development in the North Dallas Freeport area.
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March 22, 2013 - ARCP responds to Cole Holdings' letter to business partners
Outlet: Released
In response to recent statements by Cole Holdings Corp. in a letter to its "business partners", American Realty Capital Properties (ARCP) said today that it continues to believe that the principal issue of importance to the stockholders of Cole Credit Property Trust III is ARCP's superior and bona fide offer to acquire CCPT III.
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March 22, 2013 - Illinois SURS commits $300 million to two core open-end funds
Outlet: Institutional Real Estate Newsline
The State Universities Retirement System of Illinois (SURS) board of trustees has approved the selection of core real estate managers J.P. Morgan and Heitman.
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March 21, 2013 - Cassidy Turley begins marketing WRIT medical portfolio
Outlet: Baltimore Business Journal - Online
Cassidy Turley has begun seeking buyers for Washington Real Estate Investment Trust's 1.5 million-square-foot medical office portfolio, which stretches from Greater Baltimore to Centreville.
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March 21, 2013 - Morgan Stanley Asia infrastructure fund's top director leaves bank
Outlet: Reuters - Online
The most senior managing director, Deven Karnik, at Morgan Stanley's Asia infrastructure fund has left the bank.
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March 21, 2013 - Charter Hall almost out of the United States
Outlet: Finance News Network
Charter Hall Retail REIT has announced the sale of its interest in its last U.S. joint venture, with property developer Regency Centers, for $49 million.
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March 21, 2013 - American Realty Capital, Cole Credit Property on verge of takeover warfare
Outlet: Phoenix Business Journal
American Realty Capital Properties and Cole Credit Property Trust III may be in the early stages of takeover warfare. In a statement Thursday, Cole III said "thanks, but no thanks" to American Realty's offer from the previous day to buy Cole III for $5.7 billion and form the largest triple-net-lease REIT in the nation.
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March 21, 2013 - iii-investments launches its second real estate debt fund
Outlet: Released
iii-investments is introducing its second real estate debt fund in accordance with the German Investment Act.
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March 21, 2013 - Henderson hires Swedish asset manager
Outlet: PropertyEU - Online
Henderson Global Investors' property business has hired Anna Sjöberg to strengthen its Swedish team.
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March 21, 2013 - Cole Credit rejects American Realty Capital's $5.7 billion offer
Outlet: Markets.financialcontent.com
Cole Credit Property Trust III has rejected American Realty Capital Properties' $5.7 billion offer to buy the company and said it would go ahead with its acquisition of its external adviser, Cole Holdings Corp.
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March 21, 2013 - CBRE Global sells office buildings in Philadelphia and Washington, D.C.
Outlet: Released
CBRE Global Investors has sold two class A office properties to Rosemont Realty on behalf of two funds in the CBRE Strategic Partners U.S. fund series.
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March 21, 2013 - AT&T offers Va. office building for sale
Outlet: Commercial Real Estate Direct
AT&T Inc. is offering for sale its 410,230-square-foot office property at 3033 Chain Bridge Road in the Washington, D.C., suburb of Oakton, Va. It is being offered through Cushman & Wakefield and could sell for as much as $89 million.
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March 21, 2013 - D.C. office property could sell for up to $295 million
Outlet: Commercial Real Estate Direct
Hines plans to sell he 334,175-square-foot office building at 1200 19th St. NW in Washington, D.C., for a price of $275 million to $295 million.
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March 21, 2013 - American Realty Capital, Cole Credit Property on verge of takeover warfare
Outlet: NewsOK.com (Oklahoman) - Online
American Realty Capital Properties and Cole Credit Property Trust III may be in the early stages of takeover warfare.
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March 21, 2013 - AvalonBay Communities announces $332 million of Washington, D.C., area dispositions
Outlet: iStockAnalyst
AvalonBay Communities has sold two communities, Avalon Decoverly and Crystal House.
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March 21, 2013 - Pramerica Real Estate Investors names Morgan Laughlin to lead its Asia-Pacific business
Outlet: Released
Pramerica Real Estate Investors has named Morgan Laughlin head of its Asia business. She will be responsible for managing the company’s operations and strategy in the Asia Pacific region and will be based in Tokyo.
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March 21, 2013 - Former RBS bankers start infrastructure advisory firm
Outlet: West Australian - Online, The
Former RBS investment bankers Justin Symonds and Charles Roast have launched an advisory firm focused on infrastructure and transport deals, Hillbrook Partners.
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March 21, 2013 - IPD launches first global property fund index
Outlet: Released
IPD has released its first IPD Global Quarterly Property Fund Index. The index includes 72 open ended funds, covering over 4,600 individual property assets with a capital value of $172 billion as of year-end 2012.
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March 21, 2013 - PATRIZIA continues to grow and boost its earnings power
Outlet: Released
PATRIZIA Immobilien AG continued to develop into Europe’s leading, fully integrated real estate investment house. Alongside its strategic advancements, it made operational progress in particular.
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March 21, 2013 - Land Securities opens Trinity Leeds
Outlet: Released
Land Securities has opened Trinity Leeds, the 1 million-square-foot shopping center in Leeds' city center.The £378 million center is 90 percent let.
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March 21, 2013 - Union Investment acquires development project for Holiday Inn hotel in Frankfurt
Outlet: Released
Union Investment has acquired the development project for a new Holiday Inn hotel at 27-31 Mainzer Landstraße, located directly on Francois-Mitterand-Platz in Frankfurt, for its open-ended real estate fund UniImmo: Deutschland.
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March 21, 2013 - Bridge Investment Group Partners raises $322 million for second fund
Outlet: Institutional Real Estate Newsline
Bridge Investment Group Partners has raised $322 million for its Real Estate Opportunity Capital Fund II.
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March 21, 2013 - CCPT III affirms commitment to acquire Cole Holdings
Outlet: DailyMarkets.com
The special committee of the board of directors of Cole Credit Property Trust III (CCPT III) has affirmed its commitment to the previously announced definitive merger agreement pursuant to which CCPT III will acquire Cole Holdings Corp.
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March 21, 2013 - Lone Star raises $333.4 million for distressed debt fund
Outlet: Institutional Real Estate Newsline
Dallas-based Lone Star Funds has raised $333.4 million for its recently launched Lone Star Partners VIII.
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March 21, 2013 - Clinton Stevenson retires from Ford Foundation
Outlet: Institutional Real Estate Newsline
Clinton Stevenson has retired as director at the Ford Foundation in New York City.
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March 21, 2013 - Cordea Savills acquires three assets for its European Retail Fund
Outlet: Released
The Cordea Savills European Retail Fund, which launched in late 2012, has acquired its first three assets in Paris, Glasgow and Berlin for €50 million.
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March 21, 2013 - Mack-Cali enters D.C. multifamily market
Outlet: PR Newswire - Online
Mack-Cali Realty Corp. has entered the metropolitan Washington, D.C., market with a $262.5 million acquisition of an 828-unit apartment property in the Crystal City submarket of Arlington, Va.
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March 21, 2013 - American Infrastructure ranked #9 on Training Magazine's Top 125
Outlet: PRWeb - Online
American Infrastructure, a leading heavy construction company and materials supplier, announced today that it has been ranked 9th in Training magazine’s Top 125 Awards Program for 2013 and received the highest score on the Human Resources section for
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March 21, 2013 - Glasgow shopping center on market for £180 million
Outlet: Property Week - Online
Ivanhoe Cambridge is preparing to put its St Enoch shopping center in Glasgow city center up for sale with a price tag of around £180 million.
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March 21, 2013 - Engineers give U.S. Infrastructure a D+
Outlet: PaintSquare News
U.S. infrastructure has improved to a D+, according to Report Card for America's Infrastructure by the American Society of Civil Engineers.
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March 21, 2013 - Dundee to offer to acquire C2C Industrial Properties
Outlet: Stockhouse Publishing Ltd.
Dundee Industrial REIT has offered a bid to Acquire C2C Industrial Properties.
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March 20, 2013 - Asia cities top priciest cities for billionaire properties
Outlet: KEYT-TV - Online
Hong Kong's billionaire properties are the most expensive in the world, according to global real estate firm Savills.
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March 20, 2013 - U.K. Chancellor seeks to breathe life into housing market, construction
Outlet: Fox Business Network - Online
U.K. Chancellor of the Exchequer George Osborne on Wednesday announced additional measures to boost house building and mortgage lending, underlining the importance of the construction sector and housing market to the sustainable health of the U.K. ec
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March 20, 2013 - Fox names senior managing director at NGKF
Outlet: CoStar Group
Newmark Grubb Knight Frank (NGKF) has hired Frank Fox as a senior managing director of its Philadelphia industrial team.
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March 20, 2013 - Future Fund to make $175 million from selling Birmingham shopping center
Outlet: Daily Telegraph (Australia) - Online
Australia's Future Fund is set for a $175 million windfall with plans to sell its stake in a Birmingham shopping center.
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March 20, 2013 - Prudential Mortgage expands Gateway Program
Outlet: National Mortgage Professional
Prudential Mortgage Capital Co. has expanded its Agency Gateway Program for multifamily properties. The company’s decision to expand the program reflects greater demand among property owners for bridge financing until they qualify for longer-term loa
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March 20, 2013 - Hawkeye Partners raises $227.5 million for Scout II fund
Outlet: Institutional Real Estate Newsline
Texas-based Hawkeye Partners has raised $227.5 million from domestic investors for its second fund, Scout II.
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March 20, 2013 - Parkway Properties to buy 75 percent stake in US Airways' Ariz. HQ
Outlet: Commercial Real Estate Direct
Parkway Properties has agreed to pay $41.8 million for a 75 percent stake in the US Airways Building, a 218,000-square-foot office building in Tempe, Ariz.
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March 20, 2013 - CBRE arranges $70 million sale of Miami office tower
Outlet: Released
CBRE has closed the sale of 80 Southwest 8th St., an office tower with 285,595 square feet in Miami.
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March 20, 2013 - RLJ Lodging Trust acquires three-tower complex for $79.5 million
Outlet: Business Wire - Online
RLJ Lodging Trust has acquired the historic Humble Oil Building complex in downtown Houston, for a purchase price of $79.5 million.
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March 20, 2013 - Cole Corporate Income pays $74.7 million for Philadelphia-based office
Outlet: Commercial Real Estate Direct
Cole Corporate Income Trust has paid $74.7 million a 441,000-square-foot office building in Philadelphia.
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March 20, 2013 - Cole Credit buys Atlanta-area retail property for $61.08 million
Outlet: Citybizlist - Altanta Real Estate
Cole Credit Property Trust IV has purchased a 350,289-square-foot space at the Canton Marketplace retail center in suburban Atlanta for $61.08 million.
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March 20, 2013 - Primaris Retail REIT and H&R provide transaction update
Outlet: Stockhouse Publishing Ltd.
H&R Real Estate Investment Trust and H&R Finance Trust and Primaris Retail Real Estate Investment Trust have announced minor changes to the previously announced transactions involving Primaris, H&R and a KingSett Capital-led consortium.
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March 20, 2013 - CBRE acquires IMPACT-CORTI
Outlet: Zacks.com
In order to enhance service offering in Europe, Middle East and Africa region, CBRE Group has acquired a Prague-based full-service real estate provider firm – IMPACT-CORTI.
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March 20, 2013 - Schorsch makes $9 billion pitch for Cole Credit III
Outlet: GlobeSt.com
Having recently completed its acquisition of American Realty Capital Trust III, American Realty Capital Properties Inc. is setting its sights on nontraded REIT Cole Credit Property Trust III.
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March 20, 2013 - Liang resigns as PREI research managing director
Outlet: Institutional Real Estate Newsline
Youguo Liang has resigned as managing director of research at Prudential Real Estate Investors (PREI).
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March 20, 2013 - St. Modwen appointed to deliver first phase of £450 million campus
Outlet: Released
St. Modwen Properties and Swansea University have signed the Development Agreement to deliver the first phase of the £450 million new science and innovation campus.
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March 20, 2013 - Grosvenor appoints James Raynor as chief executive of GFM
Outlet: Released
Grosvenor has appointed James Raynor as Chief Executive of Grosvenor Fund Management (GFM) to succeed Jeffrey Weingarten.
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March 20, 2013 - Ram announces expansion of its capital markets and investor relations team
Outlet: Released
Jonathan Porter has been named vice president of capital markets for Ram.
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March 20, 2013 - Skanska/Costain JV signs a €232 million contract for Crossrail Bond Street station in London
Outlet: CIJJournal.com
Swedish Skanska UK has won a five-year contract to participate in the construction of the new Crossrail Bond Street Station in London in a joint venture with the British builder Costain.
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March 20, 2013 - Solar panel maker Suntech declares bankruptcy
Outlet: Springfield News-Leader - Online
Suntech, one of the world's biggest solar panel manufacturers, was forced into bankruptcy court Wednesday, the latest casualty of a painful slump in the global solar industry.
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March 20, 2013 - Malls must move beyond shopping to survive in Internet era
Outlet: Yahoo! News
As growing numbers of shoppers move online, European mall owners are looking to pull in customers by including services that can't be replicated on the Web like hospital care and government offices.
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March 20, 2013 - Aqua Pennsylvania plans $239 Million in infrastructure improvements
Outlet: Business Wire - Canada - Online
Aqua Pennsylvania plans to make $239 million in infrastructure improvements in Pennsylvania throughout 2013.
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March 20, 2013 - Singapore to see 53,000 hotel roooms by 2015
Outlet: Today Online
The number of hotel rooms in Singapore is expected is to grow by more than 20 percent to about 53,000 rooms by 2015 according to a research report by property consultancy Knight Frank.
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March 20, 2013 - InterRent REIT Closes $81 Million Bought Deal Financing
Outlet: Marketwire - Online
News Room InterRent Real Estate Investment Trust TSX : IIP.UN March 20, 2013 08:30 ET InterRent REIT Closes $81 Million Bought Deal Financing OTTAWA, ONTARIO--(Market
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March 20, 2013 - Ivanhoé Cambridge acquires 73 office buildings in Silicon Valley
Outlet: PR Newswire - Online
Ivanhoé Cambridge has acquired 73 office buildings in California's Silicon Valley region for its partnership with affiliates of TPG and DivcoWest.
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March 20, 2013 - American Realty offers to buy CCPT III for $5.7 billion
Outlet: Released
American Realty Capital Properties has announced it sent to the Board of Directors of Cole Credit Property Trust III (CCPT III) an offer to acquire 100 percent of the outstanding common stock of CCPT III for at least $12 per share, or $5.7 billion, in cash and stock to create the largest publicly traded REIT in the net-lease sector.
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March 19, 2013 - Jones Lang LaSalle selects Bangalore for its first India fund deal
Outlet: Economictimes
Jones Lang LaSalle will be making its first real estate investment from its maiden India-focused fund in Bangalore. The transaction, which will be made by Jones Lang LaSalle's Segregated Funds Group, will look to invest about .`30 crore in city-centric luxury residential projects.
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March 19, 2013 - Texas ERS commits $227 million to real estate investments
Outlet: Institutional Real Estate Newsline
The $23.6 billion Employees Retirement System of Texas (ERS) has committed $205 million to three real estate funds and $22 million through its emerging manager program.
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March 19, 2013 - Redevelopment plans for Queens, N.Y., project moving forward
Outlet: Crain's New York Business - Online
The New York City Planning Commission has approved the $3 billion redevelopment of Willets Point in Queens, N.Y. A venture of the Related Cos. and Sterling Equities plans to redevelop the property into 2,500 apartment units.
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March 19, 2013 - Inland American pays $53 million for San Diego hotel
Outlet: Commercial Real Estate Direct
Inland American Lodging Group has paid $53 million for the Andaz San Diego, an upscale boutique hotel with 159 rooms in San Diego's Gaslamp Quarter.
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March 19, 2013 - Parkway Properties to buy 70 percent stake in three Tampa offices
Outlet: Commercial Real Estate Direct
Parkway Properties has agreed to buy the 70 percent stake held by the Teacher Retirement System of Texas in three Tampa, Fla., office properties in a deal that values them at $139.3 million.
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March 19, 2013 - Farallon Readies launched first real estate fund
Outlet: Reuters
Farallon Capital Management is seeking up to $400 million for its first dedicated real-estate hedge fund.
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March 19, 2013 - Lloyds sells Scottish house builder Cala Group for £210 million
Outlet: This Is Money
Scottish housebuilder Cala Group has been sold by Lloyds in a £210 million deal.
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March 19, 2013 - Union Investment acquires AkzoNobel headquarters development project in Amsterdam
Outlet: Released
Union Investment Real Estate GmbH has acquired development project comprising AkzoNobel's new headquarters. The parties agreed not to disclose further financial details.
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March 19, 2013 - LGP acquires Ptarmigan porfolio
Outlet: Released
Legal & General Property (LGP), on behalf of its U.K. Property Unit Trust, that it has purchased the Ptarmigan portfolio of four distribution warehouse investments from Henderson U.K. Property Trust for £41.17 million,
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March 19, 2013 - PSERS commits $150 million to value-added funds
Outlet: Institutional Real Estate Newsline
The $49.7 billion Pennsylvania Public School Employees Retirement System (PSERS) has committed $75 million each to two separate value-added real estate funds.
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March 19, 2013 - Harbert announces sale of Chiswick Tower to Hermes Real Estate
Outlet: Released
Harbert Management Corp. has sold Chiswick Tower to Hermes Real Estate for £56.5 million.
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March 19, 2013 - MGPA finalizes acquisition of Optima Centre in Perth, Western Australia
Outlet: Released
MGPA has finalized the acquisition of the Optima Centre in Perth, Western Australia, which it announced in January of this year.
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March 19, 2013 - New owner of White Square office center announced
Outlet: Released
A consortium between leading developer AIG/Lincoln and TPG Holdings and the investment company O1 Properties have announced the completion of an investment transaction involving White Square, a class A office centre in Moscow.
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March 19, 2013 - Mark Trepp appointed DTZ senior vice president
Outlet: CNW Group - Online
DTZ Vancouver Real Estate has appointed Mark Trepp as senior vice president of office properties.
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March 19, 2013 - Laurent Luccioni joins PIMCO
Outlet: Reuters
PIMCO has hired Laurent Luccioni as an executive vice president and head of commercial real estate portfolio management of Europe. He will be based in the firm's London office.
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March 19, 2013 - Buchanan acquires Texas-based office building
Outlet: Marketwire - Online
Buchanan Street Partners has acquired a 16-story office building at 2100 West Loop South in the Galleria submarket of Houston.
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March 19, 2013 - Private equity and venture capital Investments outside United States post positive returns
Outlet: Marketwire - Online
Private equity and venture capital funds that invest primarily in companies located outside the United States, in both developed and emerging markets, generated positive returns during the quarter ending Sept. 30, 2012, according to global institutional investment advisor Cambridge Associates.
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March 19, 2013 - Prologis and NBIM close €2.4 billion European JV
Outlet: Released
Prologis has announced the closing of Prologis European Logistics Partners Sarl, a €2.4 billion ($3.1 billion) joint venture with Norges Bank Investment Management (NBIM), manager of the Norwegian Government Pension Fund Global.
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March 18, 2013 - Avison Young opens new office in San Diego, California
Outlet: Released
Avison Young has opened an office in San Diego, Calif. The newest American office marks Avison Young's 22nd market outside of Canada.
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March 18, 2013 - DTZ appoints Boursican to EMEA deal role
Outlet: PropertyEU - Online
Property adviser DTZ has appointed Paul Boursican as head of international investment for the EMEA region.
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March 18, 2013 - London's One Cornwall Terrace sells for record $120 million
Outlet: Daily Telegraph (Australia) - Online
London's One Cornwall Terrace has sold to British property tycoon Marcus Cooper for $120 million.
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March 18, 2013 - Duke Realty sells Stake in 3.3 million-square-foot portfolio
Outlet: CoStar Group
Duke Realty Corp. has sold its 20 percent stake in 17 commercial buildings it jointly owned with majority stakeholder Chambers Street Properties.
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March 18, 2013 - DTZ appoints Todd Richardson to lead the facilities management business development in the Americas
Outlet: Yahoo! Finance Singapore
DTZ has appointed Todd Richardson as senior vice president of business development for DTZ's Americas facilities management business unit.
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March 18, 2013 - Paladin Realty makes first investment for fourth fund
Outlet: Released
Paladin Realty Partners has announced the formation of a new programmatic joint venture with YOU Inc. Incorporadora e Participações S.A. to develop middle-income housing in São Paulo, Brazil.
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March 18, 2013 - Fidelity to sell four Boston office buildings, land parcel
Outlet: Banker & Tradesman - Online
The real estate arm of Boston-based Fidelity Investments is putting four Boston office properties and a small land parcel in the city's Financial District on the shopping block.
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March 18, 2013 - Four Va.-based shopping centers sold for $150 million
Outlet: Washinton Post
A venture of Principal Financial Group and Rappaport Cos. has paid $150 million for four shopping centers.
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March 18, 2013 - Hyatt pays $85 million for Driskill Hotel in Austin
Outlet: Commercial Real Estate Direct
Hyatt Hotels Corp. has paid $85 million for the 189-room Driskill Hotel from Lowe Enterprises and Clarion Partners.
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March 18, 2013 - Blu Hotel forms venture to build hotel portfolio
Outlet: Commercial Real Estate Direct
Blu Hotel Investors plans to assemble a portfolio of 25 to 30 hotels over the next five years.
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March 18, 2013 - Pramerica Real Estate Investors offers U.S. core real estate strategy to non-U.S. investors
Outlet: Released
To meet increasing demand from non-U.S. investors for core real estate investments in the United States, Pramerica Real Estate Investors has begun offering its core open-ended equity commingled real estate strategy to non-U.S. investors.
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March 18, 2013 - The InterTech Group completes €14.5 acquisition
Outlet: Released
An affiliate of The InterTech Group, Inc. a U.S. company based in North Charleston, South Carolina advised by international real estate advisor Savills, has completed the acquisition of the SAP offices.
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March 18, 2013 - Harvest Properties to manage 100 Spear St.
Outlet: Registry - Online, The
Harvest Properties has been awarded the property management assignment for 100 Spear St., a 21-story, 203,000 square-foot class A office building located in San Francisco’s South Financial District.
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March 18, 2013 - SNP appoints Almazara | Real Assets Advisory
Outlet: Released
Stichting Nedlloyd Pensioenfonds (SNP), the pension fund for employees of a number of Dutch Maersk companies, has appointed Almazara | Real Assets Advisory as its advisor for portfolio management of its non-listed real estate investments.
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March 18, 2013 - Velocis nears March 29 final close
Outlet: Institutional Real Estate Newsline
Dallas-based firm Velocis Partners plans to hold a final close for its debut core-plus Velocis Fund on March 29.
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March 18, 2013 - CalPERS invests $250 million in industrial partnership
Outlet: Institutional Real Estate Newsline
The $255 billion California Public Employees’ Retirement System (CalPERS) has committed $250 million to the Institutional Logistics Partners partnership.
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March 18, 2013 - GTIS Partners raises $155.3 million for residential fund
Outlet: Institutional Real Estate Newsline
GTIS Partners has raised $155.3 million for its GTIS U.S. Residential Strategies Parallel Fund.
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March 18, 2013 - Overseas buyers returning to top end of French property market after tax uncertainty
Outlet: Property Wire
Uncertainty over potential tax changes in the second half of 2012 led to a fall in demand for prime property in France but now buyers are cautiously returning.
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March 18, 2013 - U.K. property industry wants Chancellor to boost property construction
Outlet: Property Wire
The British Chancellor of the exchequer, George Osborne, is being urged by the property industry to increase the building of new homes and take positive moves to boost the real estate markets when he issues his new Budget this week.
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March 18, 2013 - Cornerstone plans $303 million U.K. real estate investment
Outlet: Bloomberg News - Online
Cornerstone Real Estate Advisers plans to spend as much as £200 million pounds buying U.K. warehouses and office buildings over the coming two years.
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March 18, 2013 - CBRE sells eight-building Florida portfolio for $130 million
Outlet: Released
CBRE Group has closed the $130 million sale of an eight-building, 1,018,218-square foot-portfolio in Jacksonville, Fla.
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March 17, 2013 - Davis Cos. Buys 1.1 million-square-foot Mass. portfolio
Outlet: Boston Citybizlist
Davis Cos. has acquired 1.1 million square feet of office, industrial and research and development space in Dedham, Mass., and Worcester, Mass.
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March 17, 2013 - Brookfield upheaval spins off flagship property trust
Outlet: Mudgee Guardian and Gulgong Advertiser
Brookfield Asset Management plans to create a $900 million property trust in April through the distribution of a special dividend to shareholders.
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March 15, 2013 - Cadillac Fairview Corp. plans $2 billion Montreal redevelopment
Outlet: Winnipeg Free Press, The
Cadillac Fairview Corp. plans to develop a 26-story, 514,000-square-foot office building in Montreal's downtown. In addition, the firm will spend nearly $2 billion over 15 years to redevelop the downtown site.
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March 15, 2013 - Sares-Regis Group reaches $100 million target for multifamily fund
Outlet: Institutional Real Estate Newsline
The Irvine, Calif.-based Sares-Regis Group has held the final close for the Sares-Regis Multifamily Fund.
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March 15, 2013 - Piedmont Property buys Burlington office for $70 million
Outlet: Citybizlist Boston
Piedmont Property Group has agreed to buy the 270,000-square-foot Burlington Office Park in Burlington, Mass., from Behringer Harvard for $70 million.
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March 15, 2013 - Upper West Side Manhattan apartments trade for $70 million
Outlet: Crain's New York Business - Online
The Orbach Group has purchased three apartment buildings on West 107th St. for $70 million.
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March 15, 2013 - JCR Capital Investment Corp. raises $100 million-plus
Outlet: Denver Business Journal - Online
JCR Capital Investment Corp. has closed its JCR Commercial Real Estate Finance Fund II LP after it drew more than the $100-million target.
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March 15, 2013 - South Korea's $28 billion real estate project faces collapse
Outlet: Business Insider
A $28 billion real estate project in Seoul was facing collapse after developers acknowledged defaulting on a major loan repayment.
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March 15, 2013 - Hines joins Colliers International as vice president in corporate services division
Outlet: New England Real Estate Journal - Online
According to Colliers International, John Hines has joined its corporate services division as a vice president. Hines will focus on exclusive tenant representation for multi-market, national and international real estate portfolios.
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March 15, 2013 - Dundee completes acquisition of $559 million German office portfolio
Outlet: Money News
Dundee International REIT has completed its previously announced acquisition of 11 office properties from SEB Asset Management, the SEB Group's specialist real estate asset manager in Germany for approximately €420 million ($559 million).
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March 15, 2013 - Cadillac Fairview unveils $2-billion Montreal development
Outlet: Globe and Mail - Online, The
Cadillac Fairview Corp. wants to revitalize and extend southward Montreal’s downtown with an office-retail-residential project. The mixed-use project is to be built over 15 years and is valued at almost $2-billion.
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March 15, 2013 - Brickell office building sold for $70 million
Outlet: South Florida Business Journal
The Brickell Bayview Centre was acquired for $70 million by an affiliate of Banyon Street Capital.
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March 15, 2013 - Hines to develop 41-story office tower in Houston
Outlet: Houston Business Journal
Hines Interests is in the planning stages for a 41-story office tower with about 816,000 square feet in downtown Houston.
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March 15, 2013 - 400-unit residential project approved for Boston
Outlet: Banker & Tradesman
Gerding Edlen and Normandy Real Estate Partners are developing the two-building complex at a cost of $145 million.
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March 15, 2013 - LGP launches second U.K. property income fund with £1 billion target goal
Outlet: Released
Legal & General Property (LGP) has begun initial marketing of the second U.K. Property Income, UKPIF II, with a fundraising goal of £1 billion.
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March 15, 2013 - JLL to sell 5-star Croatian hotel resort
Outlet: PropertyEU - Online
Hypo Alpe-Adria-Bank International has appointed Jones Lang LaSalle to sell two companies that own the five-star Le Méridien Lav Hotel and the adjoining resort and marina in Croatia.
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March 15, 2013 - Singapore property sales plunge 65 percent in February
Outlet: news.xin.msn.com
New private home sales in Singapore plunged 65 percent in February from a month before as market cooling measures and the Lunar New Year holidays kept buyers away, according to data from the Urban Redevelopment Authority.
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March 14, 2013 - Indiana Public Retirement System invests $100 million in core fund
Outlet: Institutional Real Estate Newsline
The $27.1 billion Indiana Public Retirement System (INPRS) has committed $100 million to H/2 Core Real Estate Debt Fund.
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March 14, 2013 - Ramco-Gershenson buys Clarion's stake in 15 retail centers for $151.9 million
Outlet: Commercial Real Estate Direct
Ramco-Gershenson Properties Trust has agreed to pay $151.9 million for the 70 percent stake for 15 retail centers with 2.2 million square feet in Florida and Michigan.
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March 14, 2013 - 600 apartment units in West Harlem, N.Y., trade for $75 million
Outlet: Commercial Real Estate Direct
E&M Associates has paid $75 million for 24 apartment buildings with 600 units in West Harlem, N.Y.
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March 14, 2013 - $300 million condo-hotel to be built in Miami
Outlet: South Florida Business Journal
A venture of SBE Entertainment Group and the Related Group is developing a $300 million hotel-condominium property in Miami.
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March 14, 2013 - Crosslane signs with Bauer for first student housing JV
Outlet: Released
U.K. developer Crosslane and property company Bauer Capital have agreed a joint venture to work together on student housing projects and portfolios in Germany.
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March 14, 2013 - Cushman & Wakefield finalizes the sale of the ‘Belview’ office project
Outlet: Released
Cushman & Wakefield finalized the sale of the ‘Belview’ office project in the Leopold district. This is the first forward commitment on the Brussels office market since the start of the crisis.
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March 14, 2013 - DTZ appoints Paul Boursican as head of international investment EMEA
Outlet: Released
DTZ has announced the appointment of Paul Boursican as head of international investment, EMEA. Boursican will be based in London.
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March 14, 2013 - Jamestown launches Latin American division
Outlet: Released
Jamestown has announced the creation of a new division, Jamestown Latin America, and names CEO to lead the new division.
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March 14, 2013 - Harrison Street holds first close for fourth fund in series
Outlet: Institutional Real Estate Newsline
Harrison Street Real Estate Capital has held a $465 million initial closing for its fourth fund in its Harrison Street Real Estate Partners opportunistic fund series.
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March 14, 2013 - Caisse de dépôt makes $33 million investment to Australian PPP
Outlet: PPP Bulletin - Online
Infrastructure developer Plenary Group has announced that fund group Caisse de dépôt et placement du Québec has invested $33 milliom in an Australian science PPP.
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March 14, 2013 - Invesco Real Estate buys Prague office property
Outlet: Released
Invesco Real Estate has acquired the office property Stara Celnice in Prague 1 for circa €38 million on behalf of the iii-BVK Europa-Immobilien-Spezialfondsan, institutional real estate fund of Bayerische Versorgungskammer.
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March 13, 2013 - Buyer interest in Thailand luxury homes to continue
Outlet: Yahoo! News
Despite last year's floods, Thailand's property market remains resilient, with Bangkok recording a growth of 9.4 percent last year, while demand for Phuket's luxury properties climbed 4.7 percent.
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March 13, 2013 - Blackstone said to get $2.1 billion loan for home purchases
Outlet: Bloomberg News - Online
Blackstone Group has expanded a credit line to buy single-family homes to $2.1 billion from $600 million, according to a person with knowledge of the deal.
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March 13, 2013 - JPMorgan, Deutsche lend $475 million against Hotel del Coronado
Outlet: Released
JPMorgan Chase Bank and Deutsche Bank have provided $475 million of financing against the Hotel del Coronado, a 757-room property in Coronado, Calif., across the bay from San Diego.
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March 13, 2013 - Franklin Street to pay $158 million for Atlanta office building
Outlet: Commercial Real Estate Direct
Franklin Street Properties Corp. has agreed to pay $158 million for the 621,007-square-foot office building at 999 Peachtree St. in Atlanta.
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March 13, 2013 - Manhattan's 650 Madison Ave. offered for sale
Outlet: Crain's New York Business
The Carlyle Group has placed 650 Madison Ave., a 27-story, 57-year-old office building, on the market. Reports have placed the black-glass-sheathed tower's asking price at around $1.3 billion
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March 13, 2013 - AMD sells campus for $164 million
Outlet: Austin Business Journal - Online
Advanced Micro Devices Inc. has found a buyer for its Southwest Austin facilities, which is called the Lone Star Campus.
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March 13, 2013 - Citigroup provides $250 million for apartment renovation in Bronx, N.Y.
Outlet: Commercial Real Estate Direct
Citigroup has provided $250 million of capital to the Community Preservation Corp. for the construction and renovation of as many as 6,000 apartment units at 539-541 East 147th St. in the Bronx, N.Y.
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March 13, 2013 - Commercial, residential tower under development in Manhattan
Outlet: The Real Deal
Developers Anne/Nassau Realty are building a 30-story tower with commercial and residential space at the corner of Nassau and Ann streets in lower Manhattan. The project, which is being called the Lara.
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March 13, 2013 - Helical Bar and Aviva receive planning consent for residential-led mixed use scheme
Outlet: Released
Helical Bar plc and Aviva Investors have received planning permission for their Brickfields development, a 1.55 million-square-foot residential-led mixed use scheme on the former Dairy Crest site at White City, London W12.
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March 13, 2013 - Growth in new capital continues despite challenging fund raising environment
Outlet: Released
DTZ, a UGL company, released a preview of its forthcoming Great Wall of Money report, estimating there to be $320 billion of new capital available for investment in 2013, a 3 percent increase on the $311 billion reported six months ago.
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March 13, 2013 - DTZ estimates €21 billion of commercial real estate assets will come to the market by 2017
Outlet: Released
DTZ, a UGL company, has published an updated report revealing the impact of the current liquidation of GOE Funds and the subsequent impact on capital values of commercial property in the affected regions.
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March 13, 2013 - BPT Baltic Opportunity Fund acquires Coca-Cola Plaza
Outlet: Released
BPT Baltic Opportunity Fund, the most recently launched real estate fund from BPT, has acquired its third asset, the Coca-Cola Plaza in the central business district of Tallinn, Estonia.
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March 13, 2013 - TPG Capital to launch property fund with $1 billion target
Outlet: Reuters - Online
TPG Capital Management plans to launch its first real estate fund with a target of at least $1 billion.
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March 12, 2013 - KKR said to debut real estate fund with $500 million
Outlet: Bloomberg News - Online
KKR & Co. (KKR), the buyout firm run by Henry Kravis and George Roberts, is preparing to market its first fund dedicated to real estate investments with an initial $500 million committed to the pool.
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March 12, 2013 - Lehman Bros. seeking buyers for D.C.'s Bond Building
Outlet: Washington Business Journal - Online
Eastdil Secured has begun marketing the Bond Building in downtown D.C. to interested buyers now that the Department of Justice has agreed to renew its lease in the 12-story building for another 15 years.
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March 12, 2013 - Supalai sets sights on the Philippines
Outlet: Bangkok Post
Supalai Plc, the SET-listed developer, is stepping up its international expansion with plans to spend 2 billion baht this year starting with the Philippines.
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March 12, 2013 - CRC purchases Danish store
Outlet: Bangkok Post
Central Retail Corporation (CRC), the country's largest retail chain, is spreading its presence in Europe by acquiring Illum, a 122-year-old department store in Denmark.
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March 12, 2013 - Rental apartment business at risk
Outlet: Bangkok Post
The apartment business is at risk as growing numbers of Thais move away from renting and instead want to buy condominium units, according to a new study released by TMB Analytics.
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March 12, 2013 - Sydney skyline to get 240-metre apartment block
Outlet: India PRwire
Chinese company Greenland Group has lodged plans for a $600 million development of a 400-plus apartment building.
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March 12, 2013 - Foreign Investors Eye High-End Condos In Tokyo
Outlet: Nikkei
Demand for high-end condominiums in the Tokyo metropolitan area is growing rapidly among wealthy investors in Asia.
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March 12, 2013 - WPT completes $99.5 million acquisition of Midwest dist. portfolio
Outlet: CoStar Group
Welsh Property Trust (WPT) has finalized its purchase of the 2.71 million-square-foot Core Midwest Distribution Portfolio from KTR Capital Partners for $99.5 million.
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March 12, 2013 - Madison International raises additional $93.3 million for fifth fund
Outlet: Institutional Real Estate Newsline
Madison International Realty has raised an additional $93.3 million for its Madison International Real Estate Liquidity Fund V.
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March 12, 2013 - CalSTRS invests $106 million in real estate
Outlet: Institutional Real Estate Newsline
The $155.4 billion California State Teachers Retirement System (CalSTRS) continues to invest for its real estate portfolio, making commitments totaling $106 million.
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March 12, 2013 - Partners Group invests in a 48-story luxury, residential condominium
Outlet: Released
Partners Group has invested on behalf of its clients in a luxury residential tower managed by Ritz-Carlton, located in the Center City submarket of Philadelphia along the Avenue of the Arts.
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March 12, 2013 - Paladin appoints Alejandro Krell to lead investments in South America’s Andean region
Outlet: Released
Paladin Realty Partners has appointed Alejandro Krell as managing director to lead the firm’s investment and development activities in the Andean region of South America, including Colombia, Peru and Chile.
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March 12, 2013 - CBRE Global reorganizes its separate accounts business line
Outlet: Released
CBRE Global Investors has reorganized its separate accounts business line to meet client demand for cross-border investment.
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March 12, 2013 - CBRE Global acquires German shopping center in JV with TRS
Outlet: Released
A fund managed by CBRE Global Investors and the Teacher Retirement System of Texas (TRS) have acquired Leine Centre, Laatzen a leading shopping center in Germany for €117 million.
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March 12, 2013 - AXA Real Estate acquires Ropemaker Place for £472 million
Outlet: Released
AXA Real Estate Investment Managers has purchased Ropemaker Place a prime office building in the City of London for £472million from The British Land Co.
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March 12, 2013 - Amundi and BayernLB announce first German acquisitions
Outlet: Released
Amundi Real Estate has acquired its first buildings in Germany in a transaction financed by BayernLB.
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March 12, 2013 - MIPIM launches Cushman & Wakefield's European Real Estate Lending Survey 2013
Outlet: Released
Number of active European lenders increases by 29 percent over the past year, according to Cushman & Wakefield's European Real Estate Lending Survey 2013.
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March 12, 2013 - Henderson acquires retail warehouse, sells assets and targets U.S. student housing
Outlet: Released
Henderson Global Investors, on behalf of its German Retail Income Fund, has acquired a retail warehouse in Norden, East Frisia in Germany for €23 million.
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March 12, 2013 - Henderson hires asset manager in Sweden to aid in Nordic business growth
Outlet: Released
Henderson Global Investor’s £12.5 billion property business has hired Anna Sjöberg to strengthen its Swedish team.
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March 12, 2013 - LaSalle sells Hannover shopping center for €117 million
Outlet: Released
On behalf of its European property fund the LaSalle Euro Growth II SCA LaSalle Investment Management, in collaboration with ADLER Immobilien Investment Gruppe, Fay Projects GmbH and THI Holding GmbH & Co. KG, has sold the Leine-Center.
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March 12, 2013 - Gulf MICE Infrastructure Investment Means Business
Outlet: UAE Today
The raft of new MICE-related facilities opening across the region will support the industry’s projected growth, with the UAE, Saudi Arabia and Oman are three of the key markets delivering this major infrastructure boom according to Reed Travel Exhibi
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March 12, 2013 - Investors take £350 million UCIS operators to court
Outlet: Bridging & Commercial - Online
In light of a growing number of rules and regulations regarding advertising for and the operation of UCIS funds, a particular case was brought to B&C’s attention concerning a commercial property investment fund.
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March 12, 2013 - Dallas-based JV partners announce new senior living projects for San Antonio
Outlet: PRLog
South Bay Partners and Integrated Real Estate Group has plans to break ground in the spring of this year on a 192 apartment, 26 villa independent living community, Watercrest at Alamo Ranch, and a 105 unit, 122 bed assisted living and memory care com
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March 12, 2013 - Summit completes Marriott-Branded portfolio acquisition
Outlet: Lodging - Online
Summit Hotel Properties has closed on the previously announced acquisition of a portfolio of five unencumbered Louisiana hotels containing an aggregate of 823 rooms for a total purchase price of approximately $135.0 million.
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March 12, 2013 - Kotak gets commitment for Rs 490 crore for infra PE fund
Outlet: Zee 24 - Online
The Kotak Mahindra Group held a first close for its infrastructure private equity fund with a commitment of around Rs 490 crore.
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March 12, 2013 - Hines and Invesco Real Estate close $57 million San Francisco office buy
Outlet: Rentv.com
Hines and Invesco Real Estate have purchased of the Rialto Building, located at 116 New Montgomery St. in San Francisco's South Financial District.
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March 12, 2013 - General Electric sells $1.5 billion Australian office portfolio
Outlet: Age, The
General Electric has sold its $1.5 billion Australian office portfolio to The Blackstone Group.
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March 12, 2013 - Euro fund sells luxury Brussels property for S$89 million
Outlet: Yahoo! News
Eurozone Equity, an actively managed equity fund with the help of Savills sold the property, known as Louise Village to local private investors.
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March 11, 2013 - Retirement housebuilder faces U.S. bid
Outlet: Daily Telegraph, The
The Blackstone Group is considering a £500 million bid for McCarthy & Stone, the United Kingdom's largest retirement homes builder.
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March 11, 2013 - Oaktree JV buys $240 million office portfolio
Outlet: Business Wire
Oaktree Funds partnered with National Financial Realty to purchase a 40-building, 3.44 million-square-foot office portfolio for $240 million.
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March 11, 2013 - Freestanding retail and healthcare lead REIT pack in February
Outlet: Institutional Real Estate Newsline
In February 2013, equity REITs had a 1.24 percent positive return, according to the FTSE NAREIT All Equity REIT index.
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March 11, 2013 - GEM Realty Capital seeks $750 million for fifth fund
Outlet: Institutional Real Estate Newsline
GEM Realty Capital has recently launched GEM Realty Fund V, the fifth fund in the series.
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March 11, 2013 - Denmark fund to begin investments in Japan in partnership with Idera
Outlet: silobreaker.com
Idera Capital Management based in Minato-ku, Tokyo, has signed a partnership agreement with Denmark based Sparinvest Property Investors. The plan is to invest in apartment buildings in major cities across Japan.
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March 11, 2013 - Langer pays $170 million for apartment portfolio
Outlet: Commercial Real Estate Direct
Irving Langer had paid $170 million for 37 apartment buildings with 1,200 units in East Harlem, N.Y.
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March 11, 2013 - Cordea Savills makes two appointments to Nordic team
Outlet: Released
Cordea Savills has made two appointments to its Nordic investment team based in Stockholm. Hélène Henning has been appointed as an asset manager and Sofia Sandh has been appointed as an analyst.
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March 11, 2013 - Dominik Moll appointed head of asset management Germany at Union
Outlet: Released
Dominik Moll will lead the real estate asset management in Germany at Union Investment Real Estate GmbH, Hamburg. His responsibilities are the firm's German property portfolio in the office, commercial premises and logistics segments, which is currently worth in excess of
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March 11, 2013 - Union Investment acquires Marine Offices in Amsterdam for institutional fund
Outlet: Released
Union Investment has acquired the Marina Offices property in Amsterdam for one of its institutional real estate funds.
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March 11, 2013 - Karolinska Development and Rosetta Capital close SEK 220 million strategic transaction
Outlet: Released
Karolinska Development AB and the life science investor Rosetta Capital have announced that Rosetta Capital IV has acquired a minority share in Karolinska Development’s holdings in 13 of its 25 portfolio companies for SEK 220 million.
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March 11, 2013 - Presima announces appointment of new CEO
Outlet: CNW Group - Online
Presima has appointed Peter Zabierek as CEO. He will join Presima in early April.
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March 11, 2013 - Irish investment market set to reach €1 billion in 2013
Outlet: Released
In its latest Irish investment market report, international real estate advisor Savills states that there is already €240 million of commercial property in legals or with sales agreed this year, which compares to just €50 million during the same period in 2012.
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March 11, 2013 - European commercial property at best value for 10 years
Outlet: Released
European commercial property pricing has reached its most attractive level in almost 10 years, according to research from DTZ, a UGL company.
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March 11, 2013 - Jones Lang LaSalle and Ernst & Young release guide for foreign investors on the French real estate investment market
Outlet: Released
Ernst & Young and Jones Lang LaSalle has released the first reference guide designed for foreign real estate investors who are new to the French market.
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March 11, 2013 - Boston Properties appoints Owen Thomas to succeed Zuckerman as CEO
Outlet: NorthJersey.com
Boston Properties has announced that Mortimer Zuckerman will step down as CEO and be replaced by Owen Thomas of Lehman Brothers Holdings.
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March 11, 2013 - PetroChina to expand in Australia
Outlet: Financial Post - Online
PetroChina Co., one of China’s biggest oil and gas producers, plans to invest $3.7 billion in Australia.
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March 11, 2013 - Singapore's GIC buys 50 percent stake in Turkish mall
Outlet: Property Week - Online
GIC Real Estate has bought a 50 percent stake in the Optimum Ankara Shopping Center, in Turkey, for $82.5 million.
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March 11, 2013 - MPG sells California’s tallest building for $367.5 million
Outlet: Business Wire - Online
The US Bank Tower in Los Angeles was purchased by Singapore-based Overseas Union Enterprise for $367.5 million.
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March 10, 2013 - Chinese in first $600 million Sydney tower project
Outlet: Zecco
Brookfield Asset Management of Canada has received some $A100 million for the Sydney Water Board site in the CBD from Greenland Group.
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March 10, 2013 - Kimco completes purchase of Wilton River Park in Fairfield County
Outlet: Bloomberg Businessweek - Online
Kimco Realty Corp. has acquired the remaining phase of the 283,000-square-foot Wilton River Park in Wilton, Conn.
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March 9, 2013 - CAPREIT completes 263-suite apartment acquisition
Outlet: pr-usa.net - Online
Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) has completed the acquisition of a mid-tier apartment complex in Calgary, Alberta, consisting of six three-story buildings totaling 263 residential suites.
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March 8, 2013 - Henderson and Centurion launch $373 million fund
Outlet: Bloomberg Businessweek
Henderson Global Investors and Centurion Properties have launched a fund to invest £250 million ($373 million) in U.K. warehouses. The venture between the unit of Henderson Group Plc and Centurion plans to buy groups of industrial buildings outside London.
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March 7, 2013 - Brookfield's Brazilian unit on SEC radar
Outlet: Thomson Reuters - Canada - Online
The U.S. securities regulator is looking into a bribery charge leveled against the Brazilian unit of Canada's Brookfield Asset Management, the Wall Street Journal reported, citing people familiar with the plans.
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March 7, 2013 - Head of Towers Watson’s real estate research team passes away
Outlet: Institutional Real Estate Newsline
Peter Lewis, head of Towers Watson’s U.S. real estate investment manager research team, has passed away at the age of 61 from unexpected causes.
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March 7, 2013 - PE-backed BSCPL Infrastructure files for $120 million IPO
Outlet: VC Circle
New Vernon Private Equity-backed BSCPL Infrastructure Ltd has filed its draft red herring prospectus (DRHP) with market regulator SEBI for a Rs 650-crore public issue.
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March 7, 2013 - Kronberg International purchases majority holding in three real-estate portfolios in Germany
Kronberg International S. A., Luxembourg, has purchased 52.8 percent of the shares in S.I.G. RE B.V., Amsterdam, which owns three residential and commercial portfolios in Germany.
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March 7, 2013 - Indirex announces primary capital raises in February
Outlet: Released
Capital commitments worth $2.5 billion were announced by real estate funds during February. Diversified funds were prevalent with an increased focus on opportunity funds.
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March 7, 2013 - HSH Nordbank to finance shopping centre at Hamburg-Altona station
Outlet: Released
HSH Nordbank is providing the Irish investors CMC Capital with the portfolio finance for the shopping centre at the Altona railway station in Hamburg.
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March 7, 2013 - GRR German Retail Fund acquires another two retail properties
Outlet: Released
R Real Estate Management GmbH has acquired another two retail properties in Bavaria and Hesse for the GRR German Retail Fund No.1 at a total cost of €10.5 million.
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March 7, 2013 - Cornerstone secures €240 million refinancing
Outlet: Released
Cornerstone Real Estate Advisers has successfully secured a €240 million refinancing loan from Nykredit for its Kamppi shopping center.
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March 7, 2013 - ING IM says listed real estate will underperform equities
Outlet: Released
ING Investment Management says real estate is likely to underperform equity markets in the current environment of rising long-term rates. However, it says this doesn’t necessarily make the asset class unattractive and it remains overweight in it.
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March 7, 2013 - Private real estate investors show increased appetite for risk
Outlet: Released
Recent months have seen renewed investor interest in higher risk-return strategies, such as value added private real estate funds and a decline in the proportion of institutions targeting lower risk investments such as core.
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March 7, 2013 - CapMan establishes a Nordic private equity real estate fund
Outlet: Released
CapMan Plc has established its fourth private equity real estate fund in the Nordic countries. The investment capacity of CapMan Nordic Real Estate is approximately €125 million after the first closing that was held on 6 March 2013.
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March 7, 2013 - NPS picks up speed in facilitating investment in overseas resources development
Outlet: MK Business News
South Korea’s National Pension Service (NPS) has tweaked its investment terms on overseas resources development projects to expand the scope of joint investors to include foreign partners.
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March 7, 2013 - Guggenheim expands real estate and infrastructure investment platform
Outlet: Herald - Online, The
Guggenheim Partners has expanded its real estate and infrastructure investment platform with the addition of a dedicated North American infrastructure investment team.
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March 7, 2013 - CBREGI names CEE transactions chief
Outlet: PropertyEU - Online
CBRE Global Investors has promoted Grzegorz Ryszka to head of transactions for Central and Eastern Europe.
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March 6, 2013 - Norwegian fund buys stake in U.S. office properties
Outlet: Institutional Investor - Online
Norway's $662 billion Government Pension Fund Global has bought a 50 percent stake in five U.S. office buildings owned by New York–based financial services provider TIAA-CREF.
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March 6, 2013 - Wake Forest Charlotte Center building sells for $72.5 million
Outlet: PredictWallStreet.com
Bank of America Corp. has sold the Wake Forest University Charlotte Center building for $72.5 million.
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March 6, 2013 - DP World sells Hong Kong port stakes for $742 million
Outlet: Associated Press (AP)
Dubai's government-backed port operator DP World is selling stakes in two Hong Kong container terminals and a logistics business for $742 million.
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March 6, 2013 - Goodman acquires $450 million interest
Outlet: PRNewswire
Goodman Group has announced that Goodman Hong Kong Logistics Fund has purchased a 25 percent stake in a Hong Kong-based logistics facility from DP world for $450 million.
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March 6, 2013 - Alaska Retirement plans infrastructure manager search
Outlet: Institutional Real Estate Newsline
The $21.6 billion Alaska Retirement Management Board (ARMB) is conducting a search for one or more infrastructure managers. Both private and public investment strategies will be considered.
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March 6, 2013 - Pennsylvania SERS increases exposure to energy infrastructure
Outlet: Institutional Real Estate Newsline
The $25 billion Pennsylvania State Employees’ Retirement System (SERS) has committed a total of $300 million to two energy infrastructure funds.
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March 6, 2013 - Hines acquires One Westferry Circus in London
Outlet: Released
Hines Global REIT has acquired One Westferry Circus from TIAA-CREF. The nine-story office building is situated on the western edge of Canary Wharf along the River Thames in Central London.
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March 6, 2013 - MGPA buys office building in Shanghai for RMB263.5 million
Outlet: The Asset
MGPA has acquired j-Tower, a newly completed class A office building in the Jiading district of Shanghai on behalf of MGPA Asia Fund III, for RMB263.5 million.
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March 6, 2013 - Landmark pays $64 million for 2 N.C. properties
Outlet: Commercial Real Estate Direct
Landmark Apartment Trust of America has paid $64 million for two apartment properties with 555 units in Charlotte, N.C.
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March 6, 2013 - Seal Beach sale sets office benchmark at $85 million
Outlet: Orange County Business Journal - Online
A three-building complex in Seal Beach has sold for $85 million, making it the priciest office sale seen in Orange County so far this year.
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March 6, 2013 - Related Cos. names John Jacobsson executive vice president
Outlet: Released
Related Cos. has named John R. S. Jacobsson executive vice president. His responsibilities are to pursue new investment and business opportunities and sustaining and building upon Related Cos.
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March 6, 2013 - Hines acquires 465 Victoria in Sydney, Australia
Outlet: Released
Hines Global REIT has acquired 465 Victoria, an office project in Sydney, from FKP Property Group.
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March 6, 2013 - Velocis raises additional $40 million in equity
Outlet: Release
With Velocis Fund’s final closing date approaching, the fund has accepted an additional $40 million in capital commitments since December. The recent commitments give the commercial real estate fund more than $197 million of assets under management.
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March 6, 2013 - Shanghai gaining favor with wealthy as financial center
Outlet: China Daily European Weekly - Online
Shanghai has overtaken Hong Kong and Singapore to become the world's fifth most important financial center, and Beijing is considered the second most influential political city, according to a joint study by Knight Frank and Bank of China International.
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March 6, 2013 - CBRE appoints Steve Williamson as head of U.K. EMEA origination
Outlet: Released
Steve Williamson has been appointed as Head of Debt Origination UK & EMEA in CBRE’s Real Estate Finance division.
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March 6, 2013 - Amundi Real Estate announces the successful closing of a fund dedicated to French Cash & Carry properties
Outlet: Released
Amundi Real Estate announces it has successfully placed an OPCI, consisting of a number of METRO Cash &Carry properties in France, with institutional investors. The placing was closed in December 2012.
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March 6, 2013 - PATRIZIA significantly expands its business in the Nordic countries
Outlet: Released
PATRIZIA Immobilien AG significantly expanded its business in the Nordic countries last year.
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March 6, 2013 - The biggest infrastructure projects of 2013
Outlet: GlobalPost.com
Struggling economies put the brakes on infrastructure building during the financial crisis, and construction hasn't really revved back up. That slowdown is going to hurt us, some say. The Boston Consulting Group says the world needs to invest $1 to $1.5 trillion more in infrastructure every year through 2030.
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March 6, 2013 - Barclays hires Jones Lang LaSalle & CBRE in global agent shake-up
Outlet: CoStar UK News
CBRE has won the mandate to advise Barclays in the United Kingdom and Europe as part of a contract which covers 27 countries.
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March 5, 2013 - Aviva Investors announce hire of real estate fund manager
Outlet: Here is the city
Aviva Investors has appointed James Tarry as fund manager for real estate debt in its real estate team.
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March 5, 2013 - Oriana's Oxford Street plans approved
Outlet: Released
Oriana, the joint venture between Land Securities and Frogmore, has announced that its plans to redevelop and transform 26-48 Oxford Street, W1 have been approved by Westminster Council on 5 March subject to the signing of S106.
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March 5, 2013 - Abu Dhabi real estate could see small growth in 2013
Outlet: AME Info
'A Tale of Two Cities' is the theme from Jones Lang LaSalle for their outlook on the UAE property market during 2013. Craig Plum, head of research of Jones Lang LaSalle, MENA, talking to Phil Blizzard in this edition of Property Talk provides an over
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March 5, 2013 - NAREIT reports March REIT market update
Outlet: Released
U.S. REIT returns slightly underperformed the broader equity market in February and the first two months of the year but significantly outperformed it in the 12-months ended February 28.
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March 5, 2013 - Hines REIT sells Williams Tower to Invesco Real Estate for $412 million.
Outlet: Released
Hines has sold the iconic Williams Tower to a fund managed by Invesco Real Estate. The sales price was $412 million.
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March 5, 2013 - Office space planned for former Domino factory site in Brooklyn, N.Y.
Outlet: Capital New York
Two Trees Management Co. is planning to build 630,000 square feet of office space at the former Domino Sugar Factory in Brooklyn, N.Y.
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March 5, 2013 - Venture approved for $360 million mixed-use development in Boston
Outlet: BostonHerald.com
Massachusetts officials have approved a proposal from Samuels & Associates and Weiner Ventures to build a $360 million mixed-use project in Boston.
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March 5, 2013 - French civil servants pension fund awards SRI real estate mandates
Outlet: IP Real Estate
ERAFP, the French civil servants pension fund, has awarded one active and two standby real estate investment mandates in France.
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March 5, 2013 - California bill would shield real estate investments from public view
Outlet: Pensions & Investments, London Bureau
California Assemblyman Kevin Mullin, a Democrat, introduced a bill that would shield real estate investments from public records disclosure.
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March 5, 2013 - ERAFP hires AEW Europe for €310 million real estate mandate
Outlet: Released
French pension fund ERAFP has awarded a real estate investment mandate to AEW Europe to invest in property in France.
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March 5, 2013 - French group wins €310 million real estate mandate
Outlet: Citywire.co.uk
French pension fund ERAFP has awarded a real estate investment mandate to the Paris-based AEW Europe group.
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March 5, 2013 - Allianz Real Estate brings property loan platform to Italy
Outlet: PropertyEU - Online
Allianz is poised to begin providing property loans in Italy.
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March 5, 2013 - CBRE hires Steve Williamson to spearhead U.K. senior debt ambitions
Outlet: CoStar UK News
Steve Williamson has joined CBRE as head of debt origination U.K. & EMEA in CBRE’s real estate finance division.
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March 5, 2013 - LGP issues £300 million senior debt financing mandate
Outlet: CoStar UK News
Legal & General Property (LGP) is looking to raise £300 million in senior debt from two lenders to finance the leveraged component for the U.K. property fund manager's successor U.K. Property Income Fund.
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March 5, 2013 - Starwood and Tribeca announce sales launch for Baccarat Hotel & Residences New York
Outlet: Money News
Starwood Capital Group, in partnership with Tribeca Associates, has announced the official start of sales for Baccarat Hotel & Residences New York.
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March 5, 2013 - Melbourne landlords tempt tenants with generous incentives
Outlet: Fairfield City Champion - Online
Landlords are having to rebate office rents by more than a quarter of their value to attract tenants as the vacancy rate rises in Melbourne's central business district, according to Colliers International's 2013 Research and Forecast Report.
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March 5, 2013 - Pacific Marketing Associates and Polaris Group announce merger
Outlet: Business Wire - Canada - Online
Pacific Marketing Associates (PMA) and Polaris Group have now merged to create Polaris Pacific, a West Coast real estate sales and marketing firm. The company will be led by three industry veterans as Principals, Paul Zeger, Chris Foley and Garrett F
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March 5, 2013 - Amundi Immobilier completes €690 million of property transactions in 2012
Outlet: Released
In 2012, Amundi Immobilier made acquisitions amounting to €609 million, consisting of 31 buildings in France, one in Italy, two in Germany, one in the United Kingdom, and one in Morocco.
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March 5, 2013 - Dune Real Estate raises $175 million with latest fund
Outlet: Institutional Real Estate Newsline
New York City-based real estate investment firm Dune Real Estate Partners has raised $175 million for its Dune Real Estate Partners III.
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March 5, 2013 - Panasonic sells third Tokyo property, raises $536 million
Outlet: Thomson Reuters - UK - Online
Panasonic Corp. has sold a central Tokyo building for around 50 billion yen ($536 million) to two Japanese investors.
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March 5, 2013 - Meriton pays Goodman $100 million for Sydney site
Outlet: Bunbury Mail - Online
Goodman Group has raised $100 million from the sale of an industrial site in Sydney's Mascot at 19-33 Kent Road to residential developer Meriton.
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March 4, 2013 - Partnership buys two UTC buildings for $25.6 million
Outlet: San Diego Business Journal - Online
A partnership that includes Greenlaw Partners of Newport Beach and Chicago-based Walton Street Capital LLC has purchased two office buildings at University Towne Center for a total of $25.65 million.
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March 4, 2013 - Repsol sells 5 percent of its equity to Singapore sovereign fund
Outlet: Reuters
Spanish oil group Repsol has sold a 5 percent stake to Singapore's government fund, Temasek, for $1.35 billion.
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March 4, 2013 - Ballston office tower trades for $175.6 million
Outlet: Washington Business Journal - Online
Piedmont Office Realty Trust has 901 N. Glebe Road, a 12-story tower in Ballston, Wash., for $175.6 million. The seller was an affiliate of Dweck Properties Ltd.
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March 4, 2013 - Chicago Public Schools to sell or lease HQ building
Outlet: Crain's Chicago Business
The Chicago Public School District plans to sell or lease its roughly 500,000-square-foot headquarters building in downtown Chicago. It currently occupies about 89 percent of the property.
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March 4, 2013 - Clarion Partners completes sale of 100 Spear Street
Outlet: Released
Clarion Partners has completed the sale of 100 Spear Street, located in San Francisco’s central business district, for $100 million.
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March 4, 2013 - Bahram Motamedian joins USAA Real Estate Co. as MD
Outlet: Released
USAA Real Estate Co. has hired Bahram Motamedian as managing director (MD) of portfolio management.
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March 4, 2013 - Babcock & Brown apartment portfolio sells for $142 million
Outlet: Commercial Real Estate Direct
Variant Commercial Real Estate has purchased a portfolio of 14 apartment properties from Babcock & Brown of Australia. The purchase price was not disclosed, but court documents indicate Variant paid about $142 million
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March 4, 2013 - Meadow Partners pays $61 million for Manhattan office building
Outlet: The Real Deal
Meadow Partners has paid $61 million for the 177,000-square-foot office building at 211 East 43rd St. in Manhattan. The property was sold by an affiliate of Eastgate Realty.
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March 4, 2013 - Genting Group plans $2 billion Las Vegas hotel-casino complex
Outlet: KLAS TV - Las Vegas
Genting Group plans to develop a $2 billion hotel-casino complex.
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March 4, 2013 - Gerding Edlen enters Seattle office market
Outlet: Puget Sound Business Journal - Online
Gerding Edlen has paid $76.6 million for the 300,000-square-foot Horton Building in downtown Seattle.
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March 4, 2013 - IVG purchases additional core property for Warsaw Fund
Outlet: Released
IVG has acquired its fifth property within 18 months for the IVG Warsaw Fund: the office and retail property “Le Palais”.
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March 4, 2013 - Chicago Park Employees’ pension issues RFPs for infrastructure, risk parity
Outlet: Institutional Real Estate Newsline
The $402 million Chicago Park Employees’ Annuity and Benefit Fund is searching for investment managers to launch two new asset classes.
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March 4, 2013 - IPERS invests $150 million in Blackstone debt fund
Outlet: Institutional Real Estate Newsline
The $24.2 billion Iowa Public Employees’ Retirement System (IPERS) has committed $150 million to Blackstone Real Estate Debt Strategies II.
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March 4, 2013 - Global Trade Centre sells Warsaw office portfolio for €33.9 million
Outlet: Warsaw Business Journal - Online
Warsaw Stock Exchange-listed developer Globe Trade Centre (GTC), has sold its Platinium Business Park V building in Warsaw for €33.9 million ($44.1 million) to Calobra Investments from the Allianz Real Estate group.
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March 3, 2013 - Steinmetz launches $2 billion European real estate venture
Outlet: Press Release (pr) Distribution Service By India Prwire
Beny Steinmetz has launched a $2 billion venture, Invel Real Estate, to acquire distressed European properties through a subsidiary of his private company, BSG.
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March 3, 2013 - Mayer Brown, SJB seal £152 million Chinese purchase of City site
Outlet: thelawyer.com
Mayer Brown and SJ Berwin have advised on a Chinese real estate developer's £152 million acquisition of Stephenson Harwood's offices from Invesco Real Estate.
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March 1, 2013 - Bank of China lends $600 million against Sony Building
Outlet: Commercial Real Estate Direct
Bank of China is said to have agreed to provide $600 million of the $900 million of financing for Manhattan's Sony Building, recently purchased by investors led by Chetrit Group.
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March 1, 2013 - Kimpton raises $202.8 million for third fund
Outlet: Institutional Real Estate Newsline
Kimpton Group Holding has closed its fourth institutional real estate fund and its third fund within the Kimpton Hospitality Partners series.
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March 1, 2013 - Broadstone Real Estate announces four new hires
Outlet: SYS-CON Media
Broadstone Real Estate has announced four recent additions to its staff.
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March 1, 2013 - Equity Residential sells 775 units to Bascom
Outlet: GlobeSt.com
Equity Residential of Chicago continues shedding multifamily assets. The firm sold a two-property portfolio consisting of 775 units to Bascom Arizona Ventures for $88.4 million.
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March 1, 2013 - JLL appointed to sell Manchester resi scheme
Outlet: Property Week - Online
Jones Lang LaSalle's residential investment team has been instructed to sell the Skyline Central 2 development.
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March 1, 2013 - Richard Plummer becomes non-executive chairman of Rockspring
Outlet: Released
Rockspring Property Investment Managers announces that Richard Plummer, chairman and founder, will relinquish his broader executive responsibilities to concentrate on certain funds, client accounts and projects in his new role as non-executive chairman.
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February 28, 2013 - Leighon sells major Melbourne project
Outlet: Australian IT
Leighon Holdings has sold a major office tower development in Melbourne to two property groups for $462 million.
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February 28, 2013 - Lowy family sells Westfield stake for A$663.7 million
Outlet: Released
The founding family of The Westfield Group, the Lowy family, has sold its entire 7.1 percent stake for A$663. 7 million.
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February 28, 2013 - Sony sells Tokyo property for $1.2 billion
Outlet: Released
Sony Corp. has sold its Tokyo-based Sony City Osaki building for ¥111 billion ($1.2 billion).
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February 28, 2013 - Paladin holds $75 million first close for Latin America fund
Outlet: Institutional Real Estate Newsline
Paladin Realty Partners has held a $75 million first close for its fourth Latin America fund.
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February 28, 2013 - Savills expands in Asia with new Philippines associate
Outlet: Released
Savills has expanded its global network by forming a new association in the Philippines with KMC MAG Group.
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February 28, 2013 - Aviva Investors makes real estate debt hire
Outlet: Released
Aviva Investors has appointed James Tarry as fund manager for Real Estate Debt in its Real Estate team.
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February 28, 2013 - AXA remains at the forefront of the European real estate market
Outlet: Released
AXA Real Estate Investment Managers has announced that in 2012 it increased transaction volumes by €1.1 billion, or 18%, to €7.3 billion (completed or signed) (2011: €6.2 billion) and raised €7.4 billion of capital.
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February 28, 2013 - IVG purchases office property “BoLa 25” in Frankfurt’s West End
Outlet: Released
IVG has acquired the office complex “BoLa 25” in Frankfurt’s West End for a new specialised fund of the pension scheme for dentists in Westphalia Lippe. The seller is the Hamburgbased DWI Group.
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February 28, 2013 - Shareholder meeting of ESTAVIS AG approves capital increase
Outlet: Released
The general meeting of shareholders of ESTAVIS AG approved a capital increase of six million shares against cash contributions.
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February 28, 2013 - Harrison Street pays $380 million for Bristal senior housing portfolio
Outlet: Released
Harrison Street Real Estate Capital has purchased seven class A senior housing properties located throughout Nassau and Suffolk County (Long Island), New York.
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February 28, 2013 - Block-long 980 Madison hits the market
Outlet: Crain's New York Business - Online
RFR Realty has put 980 Madison Avenue, a low-rise commercial building that it owns on the Upper East Side, on the market.
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February 27, 2013 - Henderson Global names new head of £150 million property fund
Outlet: City AM - Online
Henderson Global Investors has named Cameron Fraser as head of its £150 million institutional U.K. property fund, replacing Ludo MacKenzie.
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February 27, 2013 - Clarion Partners acquires office building in Washington D.C.
Outlet: Released
Clarion Partners has acquired The Portrait Building, an eight- story, 134,240-square-foot, class A office building in Washington’s East End office submarket, for $98.5 million.
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February 27, 2013 - Parallel Capital Partners hires former new vice president of leasing
Outlet: CoStar Group
Peter Lloyd has joined Parallel Capital Partners as vice president of leasing. Prior to joining Parallel Capital Partners, Lloyd spent 15 years with the San Diego office of RREEF Real Estate, where he was the director of office and industrial management.
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February 27, 2013 - Vornado's CEO to step down
Outlet: Commercial Property Executive - Online
Vornado Realty Trust (VNO) announced that Michael Fascitelli was resigning effective April 15 as president and CEO of the REIT and Steven Roth, the company’s chairman, was taking the CEO spot.
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February 27, 2013 - LGP sells shopping center for £250.5 million
Outlet: Released
Legal & General Property (LGP) has sold Midsummer Place Shopping Center in Milton Keynes for £250.5 million to Intu Properties, formerly Capital Shopping Centres Group.
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February 27, 2013 - Westfield admits stalling sales
Outlet: North West Star - Online, The
Westfield has put into numbers what its tenants and consumers already knew - sales are slipping across the country. To stem the decline, the retail juggernaut has admitted it is dropping rents for new leases.
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February 27, 2013 - State Street completes integration of Morgan Stanley Real Estate Investing Fund servicing operations
Outlet: Business Wire - Online
State Street Corp, has completed the integration of Morgan Stanley Real Estate Investing's fund servicing operations.
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February 27, 2013 - Home prices rise in 88 percent of U.S. cities as recovery gains
Outlet: Originator Times
Prices for single-family homes climbed in almost 88 percent of U.S. cities in the fourth quarter as the housing recovery broadened, according to the National Association of Realtors.
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February 26, 2013 - Taxes to increase for wealthy homeowners in Singapore
Outlet: Property Report Thailand - Online
Authorities in Singapore has announced that they will raise taxes for wealthy homeowners in order to make the tax system more effective, reported Realty Today. All changes will have come into effect by January 2014.
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February 26, 2013 - Starwood Capital closes transaction to acquire Principal Hayley Group
Outlet: PR Newswire
Starwood Capital Group has acquired Principal Hayley Group, a business, conference and events hotel group.
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February 26, 2013 - Westfield sells half stake in Stratford City
Outlet: City AM - Online
Westfield Group is selling a stake in its Stratford City development in London to Dutch and Canadian pension funds for £871.5 million.
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February 26, 2013 - Mapletree raises $1.3 billion in IPO
Outlet: Business Times - Online
Mapletree Greater China Commercial Trust raised $1.3 billion through its Singapore IPO.
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February 26, 2013 - AHT completes $200 million refinancing of The Capital Hilton and Hilton Torrey Pines
Outlet: San Antonio Business Journal - Online
Ashford Hospitality Trust (NYSE: AHT) has successfully refinanced its sole remaining 2013 debt maturity, which was set to mature in August.
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February 26, 2013 - Grosvenor buys Bothell apartment complex for $88 million
Outlet: Puget Sound Business Journal - Online
Grosvenor Americas has purchased Archstone Northcreek, a 524-unit apartment complex in Bothell, sold last week for $88 million.
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February 26, 2013 - Oaktree Capital buys U.K.'s Countryside Capital From Lloyds
Outlet: Bloomberg News - Online
Oaktree Capital Management has bought U.K. homebuilder Countryside Properties Plc using debt provided by seller Lloyds Banking Group.
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February 26, 2013 - Douglas Kirkman named CEO of ICD-Brookfield
Outlet: PR Inside
Brookfield Asset Management and Investment Corporation of Dubai have appointed Douglas Kirkman as CEO of ICD-Brookfield Management Ltd., which will be the manager of the ICD-Brookfield Dubai Real Estate Fund (under formation).
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February 26, 2013 - Morgan Properties and Dune acquire Maryland apartment community
Outlet: Business Wire - Canada - Online
Morgan Properties and its equity partner, Dune Real Estate Partners, have formed a joint venture to acquire Chesapeake Glen, a 796-unit multifamily apartment community located in Glen Burnie, Md., from Equity Residential.
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February 26, 2013 - Ohio Bureau invests $50 million to Latitude fund
Outlet: Institutional Real Estate Newsline
The Ohio Bureau of Workers’ Compensation has invested $50 million to Latitude Management Real Estate Capital III.
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February 26, 2013 - Brookfield poaches Blackstone director for new Dubai fund
Outlet: Property Week - Online
Brookfield Asset Management has poached a former Blackstone managing director to head up a new Dubai property fund.
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February 26, 2013 - Heitman hires Erik Rijnoudt as senior vice president
Outlet: Released
Heitman has appointed Erik Rijnoudt as senior vice president of portfolio management in the firm's London office.
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February 25, 2013 - U.S. banks targeting Europe commercial property
Outlet: American Banker
U.S. banks are looking to capitalize on a dearth of financing for Europe's commercial property market that's driven lending margins to five times the level prior to the 2008 crisis.
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February 25, 2013 - Lowe Enterprises names Leonard senior vice president
Outlet: Released
Lowe Enterprises Investors has promoted Cara Leonard to senior vice president.
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February 25, 2013 - Stanley Shashoua named senior vice president at SPG
Outlet: iStockAnalyst
Simon Property Group (SPG) has appointed Stanley Shashoua as its senior vice president of international development.
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February 25, 2013 - $122 million deal with SL Green violated exclusive agreement, suit alleges
Outlet: Real Deal - Online, The
Thor Equities has sued the owner of a Soho mixed-use building, alleging that by selling the building to SL Green Realty, the owner violated an exclusive agreement with Thor.
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February 25, 2013 - RREEF selling 25 buildings in Santa Clara
Outlet: Silicon Valley/San Jose Business Journal - Online
Rreef Real Estate is selling two Santa Clara business parks containing 25 buildings and totaling 892,500 square feet of space.
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February 25, 2013 - Morgan Stanley fund buys Moscow mall for $1.2 billion
Outlet: Reuters - Online
Morgan Stanley Real Estate Investing has bought the Metropolis shopping mall in northwest Moscow for a price of $1.2 billion.
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February 24, 2013 - Los Angeles/Orange County ranked No. 8 as key industry hub for life sciences
Outlet: Rentv.com
Jones Lang LaSalle's annual 2012 Life Sciences Cluster Report chronicles a shift in a ranking of industry clusters-areas in which life sciences intellectual capital, funding and facilities are concentrated. Cities that are rising in influence offer a workforce, academic community and public sector focused on R&D productivity and areas of opportunity within the sector, such as biologic biosimilar drug research and production.
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February 24, 2013 - DivcoWest and Brickman make Manhattan office acquisitions
Outlet: Business Wire
DivcoWest have acquired three office buildings located in New York City’s Midtown South submarket: 24-28 West 25th Street and 40 West 25th Street.
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February 24, 2013 - Online shopping and fashion retailers drive global logistics demand, finds CBRE survey
Outlet: BusinessIntelligence-Middle East (BI-ME)
Tokyo is the world’s most expensive prime logistics market as multichannel retailers seeking new facilities and requiring larger spaces drive demand in the world’s leading cities, according to new research from global property advisor CBRE Group.
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February 24, 2013 - Top ten most expensive global office rents
Outlet: Chinaretailnews.com/
Hong Kong's Central Business District ranks second to London's West End as the world's most expensive office market, according to research published by real estate firm Cushman & Wakefield.
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February 24, 2013 - CBRE adds Curtis Palmer to MHCA
Outlet: CoStar Group
A team of seven multifamily investment sales specialists led by Curtis Palmer, including Peter Sherman, Herb Chase and Ted Fentin, have joined CBRE from Multi Housing Capital Advisors (MHCA), an independent successor entity to Transwestern Multi-Hous
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February 24, 2013 - Primaris REIT pays $377 million for portfolio of shopping centers in Alberta
Outlet: Yahoo! Canada
Primaris Retail REIT has purchased a portfolio of shopping centers in Edmonton and Medicine Hat, Alberta, for $377 million.
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February 22, 2013 - Thor Equities aims to complete $500 million sale
Outlet: AustraliaNews.net
Thor Equities has plans to sell an 11-story SoHo office building on 30-536 Broadway in New York City for $500 million.
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February 22, 2013 - Goodman to spend A$500 million on acquisitions
Outlet: Business Times - Online, The
Goodman Group has plans to spend A$500 million on acquisitions to boost its assets over the next year.
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February 22, 2013 - Illinois Teachers' Retirement System hires two advisers for real estate portfolio
Outlet: Institutional Real Estate Newsline
The $38.1 billion Illinois Teachers' Retirement System has hired ORG Portfolio Management and Real Asset Portfolio Management as advisers.
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February 22, 2013 - Simon Property Group promotes Egenderg to vice president of business development
Outlet: New England Real Estate Journal - Online
Simon Property Group Inc. has promoted Stuart Egenberg to vice president of business development for the New England region.
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February 22, 2013 - Former Lehman Bros. chief Richard Story raises £200 million from institutional investors
Outlet: CoStar UK News
Henley Investments, the boutique real estate private equity firm founded by former Lehman Brothers managing director Richard Story, has raised £200 million ($304.5 million) from a string of institutional investors.
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February 21, 2013 - Pembroke Real Estate acquires London property for undisclosed price
Outlet: PropertyEU - Online
Boston-based Pembroke Real Estate has acquired One Grafton Street in London's Mayfair district from Hines European Value Added Fund (HEVAF). The financial details of the acquisition of the property were not disclosed.
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February 21, 2013 - Welsh Property Trust buys industrial portfolio for $99.5 million
Outlet: Business First of Columbus - Online
KTR Capital Partners sold an industrial property portfolio of five buildings to Welsh Property Trust for a total $99.5 million, according to broker Jones Lang LaSalle Americas.
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February 21, 2013 - AXA sells 72 asset retail portfolio to AP3
Outlet: Released
AXA Real Estate Investment Managers has completed, on behalf of clients, the sale of a portfolio of 72 food retail assets to Tredje AP-fonden (AP3), a Swedish state-owned pension fund.
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February 21, 2013 - UPDATE: LondonMetric Property purchases £92.4 million retail warehouse portfolio
Outlet: Released
LondonMetric Property has completed the acquisition of a portfolio of six retail warehouse assets.
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February 21, 2013 - SEB Asset Management sells office building in Singapore
Outlet: Released
SEB Asset Management sold its share in the 23-story 79 Anson Road office building in Singapore to United Engineers Developments for €136.6 million.
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February 21, 2013 - Goodman to focus on development in United States andBrazil
Outlet: Canberra Times
Goodman Group has plans to focus on developing its new territories of Brazil and the United States, while boosting its joint venture funds.
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February 20, 2013 - RREEF Real Estate confirm spring sale
Outlet: Property Week - Online
RREEF Real Estate has confirmed that it has entered into exclusive negotiations to sell its stake in high-end French department store, Printemps.
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February 20, 2013 - RREEF, Prelios plan $1.3 billion German apartment sale
Outlet: Bloomberg News - Online
Deutsche Bank AG's RREEF property investment unit and Prelios SpA plan to sell German homes valued at approximately €1 billion ($1.3 billion).
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February 20, 2013 - Essex acquires San Francisco apartment community
Outlet: Marketwire - Online
Essex Property Trust has purchased Fox Plaza, a 444-unit property located in San Francisco , for $135 million.
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February 20, 2013 - Rockpoint, Highgate to sell Times Square hotel for $650 million
Outlet: The Real Deal
A venture of Rockpoint Group and Highgate Hotels is selling the Milford Plaza Hotel in Manhattan in three separate pieces.
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February 20, 2013 - Orlando’s Municipal Planning Board approves downtown Central Station project
Outlet: Orlando Business Journal - Online
Orlando, Fla.'s Municipal Planning Board has approved the $200 million plan for the Central Station mixed-use project in downtown Orlando, Fla.
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February 20, 2013 - Bascom raises $11.5 million for second fund
Outlet: Institutional Real Estate Newsline
The Bascom Group has raised $11.5 million for its Bascom Value Added Apartment Investors II, according to a filing with the Securities and Exchange Commission.
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February 20, 2013 - H/2 Capital raises $475 million for core real estate debt fund
Outlet: Institutional Real Estate Newsline
Stamford, Conn.–based H/2 Capital Partners has raised $475 million for its H/2 Core Real Estate Debt Fund, according to a filing with the Securities and Exchange Commission.
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February 20, 2013 - RREEF plans to sell controlling stake in upscale French retail property for around $2.7 billion
Outlet: Thomson Reuters - India - Online
RREEF, Deustche Bank's real estate arm, is looking to sell a 70 percent stake in Printemps, an upmarket French department store and tourist hotspot.
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February 20, 2013 - Harrison Street Real Estate Capital promotes Geoff Regnery
Harrison Street Real Estate Capital has promoted Geoff Regnery to the title of principal.
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February 20, 2013 - LaSalle anounces appointment to global COO role
Outlet: Released
LaSalle Investment Management has announced that their global COO of 31 years will be retiring at the end of 2013, to be replaced by industry veteran Elisabeth Stheeman.
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February 20, 2013 - VRS invests $50 million in Japan-focused fund
Outlet: Institutional Real Estate Newsline
The $55.5 billion Virginia Retirement System (VRS) has approved a $50 million commitment to Fortress Japan Opportunity Fund II (FJOF II), a $1.65 billion distress-focused fund managed by Fortress Group.
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February 19, 2013 - Valad to manage €570 million Polish retail fund
Outlet: Released
Valad Europe has acquired the investment adviser and asset manager operations of GE Capital Real Estate’s Polish Retail Fund.
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February 19, 2013 - CBRE's Columbus office hires new director of asset services
Outlet: Minnesota Real Estate Journal - Online
Lorraine Stelzer has joined the Columbus office of CBRE as director of asset services.
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February 19, 2013 - CBRE appoints Chris Brett as head of international investment for the United Kingdom
Outlet: M2 Presswire
CBRE has appointed Chris Brett as Head of International Investment for its U.K. business.
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February 19, 2013 - Rockspring eyes additional €100 million equity raise
Outlet: PropertyEU - Online
Rockspring Property Investment Managers is planning a second equity raising of €100 million this year for its German Retail Box Fund.
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February 19, 2013 - Allied Properties spends $110 million to buy Calgary office property
Outlet: Yahoo! Canada
Allied Properties REIT has expanded its portfolio in Calgary by purchasing an office property for $110 million.
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February 19, 2013 - Crombie REIT acquires retail properties in western Canada
Outlet: TradersHuddle.com
Crombie Real Estate Investment Trust announced it will acquire four retail properties located in Alberta, Canada for $132 million. The deal is expected to close by the end of the month.
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February 19, 2013 - Alexandria's Carlyle Center sells for $78 million
Outlet: Washington Business Journal
A partnership between Artemis Real Estate Partners and American Real Estate Partners bought the Carlyle Center office building in Alexandria for $78 million.
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February 19, 2013 - Steve Fifield proposes 1.4 million-square-foot office development
Outlet: Crain's Chicago Business - Online
Steve Fifield has proposed developing up to 1.4 million square feet of office space at 601 and 625 West Monroe St. in Chicago.
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February 19, 2013 - CBRE Global Investors-sponsored fund to market U.S. office portfolio
CBRE Global Investors has begun marketing for sale a portfolio of high-quality office properties located in several strong growth markets across the United States. The properties are owned by a fund in the CBRE Strategic Partners U.S. fund series.
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February 19, 2013 - Samuels & Associates pitches new project near Fenway Park
Outlet: Boston Business Journal
A Hub developer who has invested more than $1 billion in the Fenway neighborhood, has proposed a 22-story apartment tower to be built on a triangular parcel at the corner of Brookline Avenue and Boylston Street.
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February 19, 2013 - Manhattan's 425 Lex., 499 Park could fetch as much as $1 billion
Outlet: New York Post
Two office buildings with about 1 million square feet in Manhattan that are being offered for sale by an affiliate of Hines could fetch as much as $1 billion.
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February 19, 2013 - New Zealand Superannuation Fund makes key appointments
Mika Austin, Time Mitchell, Brent Gibson and Chris Jagger have been appointed to new positions at New Zealand Superannuation Fund.
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February 19, 2013 - Beneficial Holdings Subsidiary names president And CFO
Outlet: WPVI-TV - Online (press release)
Beneficial Holdings Project Solutions has appointed two new hires.
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February 19, 2013 - London regains world's most expensive office space
Outlet: Released
The global office market witnessed prime rents increase by 3 percent in 2012, although this was largely supported by the impressive growth levels seen in South America, namely Brazil and Colombia. However, it was London (West End) that overtook However, it was London (West End) that overtook Hong Kong to become the most expensive office market across the world, according to a report by Cushman & Wakefield.
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February 19, 2013 - Trzoslo named MD of JLL Poland
Outlet: PropertyEU - Online
Jones Lang LaSalle has appointed Tomasz Trzoslo, currently head of its capital markets business across Central & Eastern Europe, to managing director (MD) for Poland.
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February 19, 2013 - Union Investment to spend €2.4 billion during 2013
Outlet: PropertyEU - Online
Union Investment Real Estate intends to invest €2.4 billion for a range of retail and institutional funds during 2013.
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February 19, 2013 - Europa Capital makes two internal appointments
Outlet: PropertyEU - Online
Real estate fund manager Europa Capital has announced internal appointments of staff to acquisition roles.
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February 19, 2013 - Carey Watermark Investors acquires five-property Hilton Worldwide Branded portfolio
Outlet: Marketwire - Online
Carey Watermark Investors has five focused-service hotels within the Hilton Worldwide portfolio of brands from entities managed by Fairwood Capital.
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February 18, 2013 - SL Green announces $900 million refinancing of 1515 Broadway
Outlet: Business Wire
SL Green Realty Corp. has closed on a $900 million first mortgage refinancing of 1515 Broadway, located in New York City.
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February 18, 2013 - QIC pays $171.5 million for Perth centre
Outlet: Australian Financial Review - Melbourne
QIC has paid $A171.5 million for a half-share in Perth's Claremont Quarter from U.S.-based Brookfield Asset Management.
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February 15, 2013 - Prologis lists Japanese REIT on Tokyo Stock Exchange
Outlet: PR Newswire
Prologis has announced that Nippon Prologis REIT has completed its initial public offering in Japan.
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February 15, 2013 - Mapletree to raise S$1.68b in largest REIT IPO
Outlet: Today Online
Mapletree Investments plans to raise up to S$1.68 billion by listing a China-focused REIT, it would be Singapore’s largest initial public offering in two years.
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February 15, 2013 - Canada Penson Plan returns boosted by equity gains
Outlet: Thomson Reuters - Canada - Online
The Canada Pension Plan Investment Board has reported it ended its fiscal third quarter with net assets of C$172.6 billion, up from C$170.1 billion at the end of the previous quarter.The investments have focused largely on real estate, natural resour
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February 15, 2013 - CarVal Investors contributes assets to Canadian REIT IPO
Outlet: Released
CarVal Investors has finalized the contribution of U.S. and Canadian commercial real estate assets to Canadian REIT initial public offering, Agellan Commercial Real Estate Trust, on behalf of our funds under management.
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February 15, 2013 - Prologis pens deal with BMW
Outlet: Zacks.com
Prologis has linked two build-to-suit deals with BMW of North America, a subsidiary of Bayerische Motoren Werke Aktiengesellschaft, for constructing facilities spanning 609,000 square feet.
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February 15, 2013 - PAMERA buys the first property for Stuttgarter Versicherung’s SIS Fund in Berlin
Outlet: Released
GRR Real Estate Management GmbH has acquired a portfolio of nine recently modernised and extended Aldi stores, in Baden-Württemberg and Bavaria, for the GRR German Retail Fund No.1.
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February 15, 2013 - CORPUS SIREO wins asset management mandate for “Treveria Portfolio”
Outlet: Released
CORPUS SIREO Asset Management Commercial GmbH will take on an extensive asset management mandate for the “Treveria Silo E” commercial real estate portfolio on behalf of receiver Ottmar Hermann and in coordination with special servicer Hatfield Philip
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February 14, 2013 - NZ Superannuation Fund reduces overweight position in Auckland International Airport
Outlet: Released
The New Zealand Superannuation Fund sold 100 million shares in Auckland International Airport overnight in a block sale to institutional investors.
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February 14, 2013 - CBRE promotes Bryce Terveen to first VP
Outlet: AZRE: Arizona Commercial Real Estate - Online
The Phoenix office of CBRE promoted Bryce Terveen to the position of first vice president.
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February 14, 2013 - Hines adds Mercedes-Benz Bank Building to holdings
Outlet: GlobeSt.com
The Mercedes-Benz Bank Building has been added to Hines Global REIT's portfolio. Hines bought the property from DDE 24 $69.8 million.
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February 14, 2013 - Urdstadt Briddle announces new aquisitions
Outlet: Released
Urstadt Biddle Properties has hired Zach Fox to the position of acquisitions manager.
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February 14, 2013 - Alan Van Noord, PSERS CIO, to retire
Outlet: Released
The $49 billion Pennsylvania Public School Employees’ Retirement System has announced the retirement of Alan Van Noord, CIO.
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February 14, 2013 - Cerberus hires former Hudson Advisors European president Ron Coggle
Outlet: CoStar UK News
Cerberus Capital Management has hired Ron Coggle in its European real estate team, after leaving Lone Star-owned Hudson Advisors last October.
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February 14, 2013 - sbe, Stockbridge and Daniels Real Estate announce development plans for the SLS Hotel Seattle
Outlet: Business Wire - Canada - Online
sbe, an industry-leading hospitality, lifestyle and real estate development company, Stockbridge Capital Group and Daniels Real Estate have announced the $400 million development plans for SLS Hotel Seattle.
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February 14, 2013 - Rubenstein acquires 500,000 SF Boston office portfolio
Outlet: Commercial Property Executive - Online
Rubenstein Partners purchased CenterPoint, a 500,000-square-foot office park in Waltham, Mass., for $68 million.
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February 14, 2013 - Bristal Holdings completes $318 million sale of five NYC properties
Outlet: Released
Bristal Holdings, a company jointly owned by Chartwell Retirement Residences and Ingenia Communities Group, has sold a portfolio of five senior living communities comprising 768 assisted living suites, located in New York state.
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February 14, 2013 - Invesco purchases 1.4-million-sqaure-foot industrial portfolio
Outlet: Real Points
Bentall Kenedy and Trammell Crow Co. have sold three industrial buildings totaling 1.4 million square feet to Invesco Real Estate. Financial terms weren’t disclosed.
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February 13, 2013 - Prologis signs two build-to-suit agreements with BMW of North America
Outlet: Money News
Prologis has signed two build-to-suit agreements with BMW of North America totaling 609,000 square feet.
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February 13, 2013 - Dexus Property Group completes U.S. industrial portfolio sale
Outlet: Released
Dexus Property Group has announced the settlement of the sale of 25 U.S. industrial properties.
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February 13, 2013 - Brookfield appoints Niel Thassim as head of its Asia private funds group
Outlet: Reuters
Brookfield Asset Management has announce that Niel Thassim has joined the company as head of Asia for the private funds group, based in Hong Kong.
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February 13, 2013 - Silicon Valley commercial real estate market will continue to sizzle, report says.
Outlet: Contra Costa Times - Online
Silicon Valley's office and research leasing and development sectors this year look more robust than in 2012, according to a report by Colliers International.
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February 13, 2013 - RREEF Real Estate buys green office in Manchester
Outlet: PropertyEU - Online
RREEF Real Estate, the real estate investment business of Deutsche Bank, has acquired a 'zero carbon emission’ property in Manchester for £142 million.
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February 13, 2013 - HFF sells N.J. multifamily, industrial property portfolio for $75 million
Outlet: NJBiz - Online
HFF has sold a 128-unit multifamily property in Hoboken to AEW Capital Management in Boston, for $67 million.
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February 13, 2013 - Solyndra facility in Fremont trades for $90.2 million
Outlet: CoStar Group
Solyndra has completed the trade of its 411,618-square-foot industrial building in Fremont, Calif., to Seagate Technology for $90.2 million.
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February 13, 2013 - Everett joins Marcus & Millichap
Outlet: CoStar Group
C. Todd Everett has joined Marcus & Millichap Real Estate Investment Services as a senior associate in the Fort Lauderdale office.
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February 13, 2013 - UDR names Jerry David COO
Outlet: Business Wire - Canada - Online
UDR has named Jerry Davis COO. Previously, he was senior vice president of operations.
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February 13, 2013 - NBC buys its 30 rock floors in $1.4 bilion trade
Outlet: CNBC - Online
NBCUniversal, the parent company of CNBC and CNBC.com, will purchase the properties it uses at 30 Rockefeller Plaza in New York and CNBC's headquarters in Englewood Cliffs, N.J., for about $1.4 billion.
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February 13, 2013 - Blackstone sees REITs owning much of its U.S. real estate
Outlet: Yahoo! News
Much of Blackstone Group's U.S. real estate holdings may be bought by, or turned into, real estate investment trusts over the next couple of years, the head of the private equity group's global real estate division said on Wednesday.
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February 13, 2013 - OCERS transfers global REIT portfolio from LaSalle to BlackRock
Outlet: Institutional Real Estate Newsline
The $7 billion Orange County Employees Retirement System (OCERS) has approved to reallocate its $104.3 million global real estate investment trust portfolio from the LaSalle Global REIT Program.
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February 13, 2013 - APFC seeks real estate investment analyst
Outlet: Institutional Real Estate Newsline
The $44.8 billion Alaska Permanent Fund Corp. (APFC) is searching for a real estate investment analyst.
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February 13, 2013 - CalSTRS rehires Townsend Group as real estate consultant
Outlet: Institutional Real Estate Newsline
The $157.8 billion California State Teachers’ Retirement System (CalSTRS) has rehired The Townsend Group as its real estate consultant.
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February 13, 2013 - Cushman and Wakefield hire new president for New York tri-state area
Outlet: Real Deal - Online, The
Cushman & Wakefield has hired Ronald Lo Russo, the former vice president of leasing at Vornado Realty Trust, as its new president for the New York tri-state area.
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February 13, 2013 - Boston Properties acquires in-development high-rise in San Francisco
Outlet: Commercial Property Executive - Online
Boston Properties has purchased 535 Mission Street located in South Financial, San Francisco, and has plans to revive the development process halted back in 2008.
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February 13, 2013 - Japanese REIT plans biggest asset purchase since 2008
Outlet: Bank Investment Consultant - Online
Starts Proceed Investment Co., a Tokyo-based real estate investment trust, plans to acquire about 10 billion yen ($107 million) of apartments as early as May, the largest asset purchase since 2008.
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February 13, 2013 - RREEF Real Estate acquires building in £142 million sale-leaseback deal
Outlet: Manchester Evening News - Online
The Co-operative Group has sold its new headquarters in a £142 million ($221 million) sale-leaseback deal. RREEF Real Estate, the property arm of Deutsche Bank's asset and wealth management division, has bought a 51 percent interest in the building,
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February 13, 2013 - Summit closes acquisition of San Francisco hotel
Outlet: Stockhouse Publishing Ltd.
Summit Hotel Properties has closed on the joint venture transaction for the acquisition of a 252-room Holiday Inn Express property located on Fisherman's Wharf in San Francisco.
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February 12, 2013 - Hines/Oaktree close out third O.C. office buy
Outlet: Rentv.com
Hines, in partnership with a subsidiary of a real estate fund managed by Oaktree Capital Management L.P., has acquired the Raytheon Campus in Fullerton.
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February 12, 2013 - W.P. Carey & Co. pays $73.3 million for Kraft HQ
Outlet: Crain's Chicago Business
W.P. Carey & Co. has paid $72.3 million for the Kraft Foods Group headquarters complex in Northbrook, Ill.
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February 12, 2013 - Inland American pays $94.7 million for shopping centers
Outlet: Commercial Real Estate Direct
Inland American Real Estate Trust has paid $94.7 million for two shopping centers in Oklahoma and Texas.
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February 12, 2013 - Oaktree buys stake in Atlanta office
Outlet: Commercial Real Estate Direct
Oaktree Capital Management has acquired a stake in Paces West, a 646,471-square-foot office complex in Atlanta, in a recapitalization of the property that included a modification of its $82.2 million CMBS loan.
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February 12, 2013 - Manhattan development site sells for $172 million
Outlet: Commercial Real Estate Direct
A venture led by JDS Development Group has paid $172.1 million for land at 616 First Ave. in Manhattan.
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February 12, 2013 - Lehman to sell tower for more than $800 million
Outlet: Commercial Observer
Lehman Brothers Holdings has agreed to sell the Manhattan office tower at 237 Park Ave. to a venture of RXR Realty LLC and Walton Street Capital.
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February 12, 2013 - REITs start off 2013 with positive returns
Outlet: Institutional Real Estate Newsline
All Equity REITs started off 2013 with positive returns, recording a 3.66 percent total in January, according to the FTSE NAREIT All Equity Index.
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February 12, 2013 - Charles River holds final close for Boston-focused property fund
Outlet: Institutional Real Estate Newsline
Charles River Realty Investors has held a $250 million final close for its second fund.
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February 12, 2013 - Terrace Hill sells £70 million residential portfolio
Outlet: Press Release
Terrace Hill Group PLC has exchanged contracts with Places for People for the sale of the majority of its remaining residential assets, comprising 925 units.
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February 12, 2013 - CORESTATE sells German property portfolio for €250 million
CORESTATE has sold a German mixed-used portfolio for €250 million to a number of German institutional buyers.
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February 12, 2013 - Blackstone spends €240 million to enter Polish logistics market
Outlet: PropertyEU - Online
LogiCor, Blackstone's newly created logistics platform, has made its first foray into Poland with the acquisition of two portfolios from joint venture partners Panattoni Europe and Pramerica Real Estate Investors.
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February 12, 2013 - IVG acquires €500 million prime portfolio from Freo
Outlet: Press Release
IVG has acquired three office and retail properties in Frankfurt, Main and Berlin and contributed them to a Luxembourg‑based fund as part of a portfolio transaction.
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February 11, 2013 - Brookfield pays $414 million for apartment portfolio
Outlet: Marketwire
Brookfield Asset Management has acquired a portfolio of 19 apartment communities with 4,892 units located in North Carolina, South Carolina and Virginia for a total of $414 million from Babcock & Brown Residential.
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February 11, 2013 - Developers break ground on $100 million apartments in downtown Columbia
Outlet: Baltimore Sun - Online
Developers and county officials broke ground Monday, Feb. 11, on a $100 million apartment complex to be built next to the Columbia mall.
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February 11, 2013 - Williams to step down from DiamondRock
Outlet: Hotel Business - Online
John Williams, president and COO of DiamondRock Hospitality Co., will step down from his post this spring, retiring from the company effective May 1.
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February 11, 2013 - Rockspring secures major €275 million refinancing for German Retail Box Fund
Outlet: Press Release
Rockspring Property Investment Managers has refinanced its Lloyds HBoS €282 million capital market facility for its German Retail Box Fund.
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February 11, 2013 - Henderson sells Paris office
Outlet: Press Release
The Horizon French Property Partnership I S.C.A Fund, advised by Henderson Global Investors, has sold an asset in Paris, France.
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February 10, 2013 - Global real estate investments to hit $500 billion
Outlet: Trade Arabia
The direct investment into commercial real estate globally is on a high and the volumes are likely to reach a whopping $500 billion in 2013 from $443 billion in 2012, according to the latest research from Jones Lang LaSalle.
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February 10, 2013 - Hastings eyes European infrastructure
Outlet: Australian, The (VIC)
Hastings Funds Management is preparing to invest in European infrastructure assets, according to CEO Andrew Day.
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February 10, 2013 - CHC launches $400 million industrial partnership
Outlet: Noodls
Charter Hall Group has established a new wholesale core industrial partnership with two Australian institutional investors for the acquisition and management of predominantly core Australian logistics properties.
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February 10, 2013 - TIAA-CREF and NBIM announce $1.2 billion real estate JV
Outlet: Business Wire
TIAA-CREF has formed a $1.2 billion joint venture with Norges Bank Investment Management (NBIM), manager of the Norwegian Government Pension Fund Global, to invest in high-quality office properties in Boston, New York and Washington.
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February 8, 2013 - Canada puts London embassy up for sale
Outlet: Globe and Mail - Online, The
The Canadian High Commission offices and residence in central London has been placed on the market as the federal government seeks to cash in on the city’s surging real estate market.
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February 8, 2013 - CalSTRS posts double-digit returns
Outlet: Los Angeles Times
The California State Teachers' Retirement System has reported a 13.5 percent on real estate investments return for the just-ended calendar year.
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February 8, 2013 - CBRE represents the largest Chilean transaction
Outlet: GlobeSt.com
CBRE Capital Markets has closed a major cross-border commercial property trade of a 600,000-square-foot office portfolio in Santiago, Chile, on behalf of Union Investment Real Estate.
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February 8, 2013 - Federation in $371 million shopping center deal
Outlet: Border Mail, The - Online
Federation Centres, the former Centro Retail Australia, has agreed to sell interests in four malls and a convenience center to the Australian-based Industry Superannuation Property Trust.
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February 8, 2013 - Taubman Asia forms another partnership with, Beijing Wangfujing
Outlet: Retail Traffic - Retail Real Estate And Retailing Trends Information Resear
Taubman Asia has reconfirmed a joint venture between Taubman and Beijing Wangfujing Department Store Co. , one of China’s largest department store chains. The joint venture will own and manage a 1.46-million-square-foot shopping center in Zhengzhou,
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February 8, 2013 - TMRS searches for new real estate manager
Outlet: Institutional Real Estate Newsline
The $20.1 billion Texas Municipal Retirement System (TMRS) plans to search for a new real estate manager.
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February 8, 2013 - Union Investment to ramp up in Americas
Outlet: PropertyEU - Online
Hamburg-based Union Investment has told PropertyEU that it intends to use its €330 million acquisition of an office tower in San Francisco last June to re-start an acquisition program in the Americas.
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February 8, 2013 - Doughty Hanson to quit property
Outlet: Property Week - Online
Doughty Hanson, one of the largest independent private equity firms in Europe, will quit property to focus on its private equity business.
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February 8, 2013 - Industry leader David Linsmayer joins Avison Young in San Francisco
Outlet: WAFB-TV - Online
Nick Slonek, Avison Young principal and managing director of the company's San Francisco office, announced that veteran commercial real estate broker David Linsmayer has joined Avison Young's brokerage operations in San Francisco.
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February 8, 2013 - MG Properties Group announces $95 million acquisition
Outlet: PR Newswire - Online
MG Properties Group has announced the acquisition of Terracina, a 736-unit multifamily property in Ontario, California, for $95 million.
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February 8, 2013 - Pension Fund commitments to real estate Increased 29 percent
Outlet: Commercial Real Estate Direct
Pension funds in the United States last year increased their equity commitments to real estate investments by 29 percent to $31 billion, and the number of commitments rose by roughly 50 percent to slightly more than 300, according to FPL Associates Consulting.
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February 8, 2013 - Cobalt Capital Partners selling 15 distribution properties
Outlet: Commercial Real Estate Direct
Cobalt Capital Partners is offering for sale a portfolio of 15 distribution properties.
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February 8, 2013 - LGP completes acquisition of FIX Portfolio
Outlet: Press Release (pr) Distribution Service By India Prwire
Legal & General Property (LGP), on behalf of its U.K. Property Income Fund, has acquired the FIX Portfolio from a consortium of investors represented by Paradigm Real Estate Managers, for £115.9 million.
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February 8, 2013 - Cordea Savills wins £300 million mandate
Outlet: Press Release
Cordea Savills has been appointed as Property Adviser to The Bishopsgate Long Term Property Fund Unit Trust with a mandate to establish a new U.K. core balanced commercial property fund.
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February 8, 2013 - Hammerson report considers heralding new opportunity in retail
Outlet: Press Release
The rise of smartphones and an aging population will drive faster retail sales growth over the next decade, but only those retailers which succeed in remaining relevant for tomorrow’s consumer will benefit.That’s the finding of a new report The Reshaping of Retail produced by retail consultant Conlumino on behalf of Hammerson.
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February 8, 2013 - Cousins Properties expands in Texas and affirms commitment to Atlanta
Outlet: Webnewswire.com/
Cousins Properties Incorporated has completed the Post Oak Central transaction and formed a 50/50 joint venture.
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February 7, 2013 - Stockbridge names two new vice presidents, asset managers
Outlet: Institutional Real Estate Newsline
Real estate investment firm Stockbridge Capital Group has made two new hires.
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February 7, 2013 - New York Common Fund invests $200 million in Europe
Outlet: Institutional Real Estate Newsline
The $150.1 billion New York State Common Retirement Fund has committed $200 million to AREA European Property Enhancement Program.
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February 7, 2013 - NYSTRS commits $125 million to real estate
Outlet: Institutional Real Estate Newsline
The $88.1 billion New York Teachers’ Retirement System (NYSTRS) has invested $125 million in two separate commitments.
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February 7, 2013 - Commercial real estate returns increase, fund investments decline in fourth quarter
Outlet: Institutional Real Estate Newsline
Institutional real estate investment returns recorded a small increase in the fourth quarter over the previous quarter, according to the NCREIF Property Index. And the NCREIF Open-end Diversified Core Index, came in slightly below its returns in third quarter 2012 and fourth quarter 2011.
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February 7, 2013 - CMBS Delinquencies reach 11-month Low
Outlet: REIT.com
CMBS delinquencies continued to drop and fell in January to their lowest level in close to a year, according to data from commercial real estate consulting firm Trepp LLC.
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February 7, 2013 - Salans’ Real Estate Group promotes two new partners
Outlet: Press Release
International law firm Salans has promoted two lawyers to Partner within the Global Real Estate Group.
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February 7, 2013 - Avanti Strategic Land Investors VII closes at $137 million
Outlet: Institutional Real Estate Newsline
Avanti Investment Advisors held a $137 million final close for it seventh fund.
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February 7, 2013 - Boston Properties announces acquisition of 535 Mission Street in San Francisco
Outlet: Press Release
Boston Properties has completed the acquisition of 535 Mission Street, a development site, in San Francisco, for an aggregate purchase price of approximately $71.0 million cash.
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February 7, 2013 - Blackstone takes UBS stake in retail portfolio
Outlet: GlobeSt.com
Blackstone Group is acquiring a stake in 40 US shopping centers from UBS AG in a deal valued at $1.1 billion.
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February 7, 2013 - Hong Kong, Beijing and Tokyo most expensive cities for office space in Asia Pacific
Outlet: Re:Locate
Jones Lang LaSalle’s Q4 2012 Asia Pacific Office Index has revealed Hong Kong remains the most expensive location to rent office space in Asia Pacific, followed by Beijing and Tokyo.
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February 7, 2013 - Colonial Properties Trust sells Metropolitan Midtown for $94.4 million
Outlet: RTTNews.com
Colonial Properties Trust has announced the sale of Metropolitan Midtown, a mixed-use project located in Charlotte, North Carolina, for $94.4 million in cash.
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February 6, 2013 - RREEF sells U.K. funds to BlackRock
Outlet: CIJJournal.com
BlackRock has completed an agreement with Deutsche Bank to purchase U.K. property funds it runs through RREEF's real estate affiliate.
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February 6, 2013 - Blackstone, two others to buy Indian business park for $367 million
Outlet: Reuters
The Blackstone Group , along with two other companies, have agreed to buy a business park on the outskirts of Bangalore, India, for 19.5 billion rupees ($367 million), two sources with direct knowledge told Reuters.
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February 6, 2013 - Cobalt puts Dallas industrial portfolio on market
Outlet: Big News Network
Cobalt Capital Partners, a private equity firm, placed a portfolio of 15 shallow-bay distribution properties totaling 1.65 million square feet located in Dallas' infill submarkets on the market through Holliday Fenoglio Fowler.
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February 6, 2013 - Investors wary of U.K. infrastructure
Outlet: FT.com
Pension funds and institutional investors have tended to invest in U.K. development sites and other infrastructure, but appetite for equity investment into new projects appear less attractive.
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February 6, 2013 - Real Estate Capital Partners closes Metropolitan Opportunity Fund III
Outlet: Institutional Real Estate Newsline
Real Estate Capital Partners (RECAP) has held a $120 million final close for its Metropolitan Opportunity Fund III.
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February 6, 2013 - GRR German Retail Fund No.1 buys local shopping center in Erlangen
Outlet: Press Release
GRR Real Estate Management GmbH has acquired the Büchenbach-West local shopping center in Erlangen,Germany, for GRR German Retail Fund No.1.
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February 6, 2013 - The Carlyle Group acquires a Karstadt department store in Germany
Outlet: Press Release
The Carlyle Group has completed the acquisition of a Karstadt department store in the city of Esslingen in southern Germany. Carlyle has made the investment on behalf of its CEREP III fund.
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February 6, 2013 - Al Rayyan Tourism and Investment expands hotel portfolio
Al Rayyan Tourism and Investment has signed two purchase agreements on the Grand Hyatt Hotel and the Maritim Hotel, Berlin, Germany with SEB Asset Management’s open-ended real estate fund SEB ImmoInvest.
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February 6, 2013 - Charter Hall circles $266 million mall
Outlet: Australian- Online, The
After being trumped in its bid for the $600 million Coles shopping center portfolio, the listed Charter Hall Group has embarked on due diligence to buy the $266 million Innaloo shopping center in Perth from Westfield Group.
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February 6, 2013 - Brandywine and Campus Crest Partner to build student housing in University City, Philadelphia
Outlet: Business Wire - Online
Brandywine Realty Trust, Campus Crest Communities, and Harrison Street Real Estate Capital have announced a joint venture partnership to develop a 33-story, 850-bed student housing tower at Brandywine’s Cira South development in University City, Philadelphia.
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February 6, 2013 - Tristan Fund acquires German logistics warehouses
Outlet: Press Release
CCP III, a fund advised by pan-European real estate investment manager Tristan Capital Partners, has acquired two logistics warehouses in Germany for a total of higher than €30 million.
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February 5, 2013 - Western National acquires SoCal multifamily for $100.9 million
Outlet: National Real Estate Investor - Online
Western National Realty Advisors, an affiliate of Western National Group, has acquired Ironwood and Fairway Palms, a 496-unit apartment community in Rancho Cucamonga, Calif., for $100.875 million.
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February 5, 2013 - Praedium Group, Ocean West sell multifamily portfolio
Outlet: GlobeSt.com
The Praedium Group and Ocean West Capital Partners has sold the Westbay Portfolio.
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February 5, 2013 - Pramerica announces acquisition of 118 Avenue des Champs-Elysées
Outlet: Press Release
Pramerica Real Estate Investors has completed the acquisition of the companies holding 118 Avenue des Champs-Elysées in Paris, a prime retail and office building, from listed Italian property company Risanamento.
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February 5, 2013 - Hong Kong named most expensive retail market
Outlet: Press Release
Hong Kong is the world’s most expensive global retail market as wealthy Chinese tourists, luxury retailer expansion and a shortage of prime space drive rents to record highs, according to new research from global property advisor CBRE Group.
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February 5, 2013 - Terrace Hill completes £91 million sell
Outlet: Press Release
Terrace Hill has completed a site sale and forward funding agreement with Legal & General Property (“LGP”) for its 1,104 unit student accommodation scheme in Southampton city centre. The development will have a completed value of approximately £91.0
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February 5, 2013 - Rivals groups reach compromise on Primaris, to carve up property portfolio
Outlet: Dawson Creek Daily News - Online
Some of the Primaris properties will be bought by the KingSett Capital consortium but H&R Real Estate Investment Trust will end up owning Primaris and the rest of its portfolio.
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February 5, 2013 - Rhode Island ERS issues RFI for infrastructure managers
Outlet: Institutional Real Estate Newsline
The $7.5 billion Employees’ Retirement System of Rhode Island (ERSRI) has issued an RFI to evaluate investment management firms.
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February 5, 2013 - NYSTRS appoints new managing director of real estate
Outlet: Institutional Real Estate Newsline
The $90.9 billion New York State Teachers’ Retirement System (NYSTRS) has appointed David Gillan managing director of real estate.
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February 5, 2013 - Fir Tree Partners Names Zain Koita as director in the real estate team
Outlet: Press Release
Fir Tree Partners has announced appointment of Zain Koitaas director in the firm’s private real estate group.
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February 5, 2013 - Canada's H&R sweetens Primaris bid as KingSett consortium joins fray
Outlet: Yahoo! Canada
H&R Real Estate Investment Trust has amended and sweetened its offer for Primaris Retail REIT, after the KingSett Capital-led consortium opted to withdraw its rival bid and participate in the H&R bid.
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February 5, 2013 - Segro completes the disposal of the MPM site in Munich for €65 million
Outlet: Property Mall
Segro completes the disposal of the MPM site in Munich for €65 million.
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February 4, 2013 - Sumitomo buys U.K. water supply firm for $259 million
Outlet: WSJ Blogs
Japanese trading house Sumitomo Corp. has purchased British water supply firm Sutton and East Surrey Water Plc for $259 million.
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February 4, 2013 - Goodman wins $451 million in deals
Outlet: Weekend Australian, The (VIC)
The Goodman Group will build $451 million worth of Australian logistics sheds and business parks for tenants, including Wesfarmers and DHL.
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February 4, 2013 - Steven Barre Joins McCraney Property Co.
Outlet: Yahoo! Finance
McCraney Property Co. has appointed Steven Barre as managing director. His responsibilities include overseeing all divisions from an operations standpoint, including portfolio management, property management and leasing.
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February 4, 2013 - Dundee International REIT to acquire office properties in Germany for $568 million
Outlet: Financial Post - Online
Dundee International REIT is buying a 1.5-million-square-foot portfolio of office properties in Germany for $568 million.
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February 4, 2013 - Silk Road Holdings secures luxury designer outlet site in Guangzho
Outlet: Press Release
Silk Road Holdings invests in a development site, located in the Nanhai District of Foshan, Guangzhou, Southern China.
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February 4, 2013 - Alex Black named a partner of Alinda Capital Partners
Outlet: Press Release
Alinda Capital Partners has announced the appointment of Alex Black as a partner in the firm.
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February 4, 2013 - LaSalle Australia Core Plus Fund acquires 555 Lonsdale Street
Outlet: Press Release
LaSalle Investment Management has announced that the LaSalle Australia Core Plus Fund has acquired 555 Lonsdale Street, a class a commercial office building in Melbourne, Victoria, for A$57.5 million.
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February 4, 2013 - NMERB commits $50 million to real estate fund
Outlet: Institutional Real Estate Newsline
The $8.5 billion New Mexico Educational Retirement Board (NMERB) has committed $50 million to a core-plus/value-added real estate fund.
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February 4, 2013 - Texas Teachers makes $15 million real estate commitment
Outlet: Institutional Real Estate Newsline
The Teacher Retirement System of Texas has allocated $15 million to a real estate fund.
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February 4, 2013 - Colorado PERA names new real estate chief
Outlet: Pensions&Investments – Online
C.H. Meili was named director of real estate investments at the $40 billion Colorado Public Employees' Retirement Association. The announcement can be viewed on the pension fund's homepage.
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February 4, 2013 - Deutsche Bank revamps RREEF team
Outlet: GlobeSt.com
Deutsche Bank’s recently formed Deutsche Asset & Wealth Management arm on Monday unveiled a revamped for its RREEF Alternatives business.
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February 4, 2013 - Bright spots in Latin America despite global economic uncertainty
Outlet: Individual.com
There are bright spots as Latin American and Caribbean economies begin the year but the uncertain health of the U.S. economy, the lingering financial crisis in Europe and more sluggish growth in China are casting shadows over the region.
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February 4, 2013 - L.A. industrial strongest in United States
Outlet: GlobeSt.com
Industrial is the darling among real estate classes in the greater Los Angeles region, according to speakers at the recent Annual Real Estate Market Review and Forecast event held Downtown and presented by the AIR Commercial Real Estate Association.
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February 4, 2013 - Prologis prices its REIT in Japan
Outlet: DNA India - Online
Prologis, Inc. (NYSE: PLD), the leading global owner, operator and developer of industrial real estate, today announced the pricing of 182,350 units at a price of 550,000 Japanese yen per unit of Nippon Prologis REIT.
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February 4, 2013 - KBS Realty Advisors acquires office tower for $98.4 million
Outlet: Commercial Property Executive - Online
KBS Realty Advisors has acquired Captrust Tower, a 300,389-square-foot office and retail building in the North Hills area of Raleigh, N.C., for a reported $98.4 million.
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February 4, 2013 - China wealth fund buys stake in Thames Water
Outlet: Waterbriefing
The China Investment Corp., the country's sovereign wealth fund, has bought nearly 9 percent of Kemble Water, the company which owns Thames Water. Kemble Water is itself owned by a consortium of investors led by Australian bank Macquarie.
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February 4, 2013 - BPG Properties changes name to Equus Capital Partners
Outlet: Business Wire - Canada - Online
BPG Properties has announced its name change to Equus Capital Partners. There will be no other changes in the firm’s operations, including its value-add investment funds, as a result of the firm’s new name.
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February 4, 2013 - Blackstone’s LogiCor completes €250 million Polish logistics deal
Outlet: Property Week - Online
Blackstone’s European logistics business LogiCor has completed the purchase of two portfolios of logistics properties in Poland from U.S. industrial company, Panattoni Europe Polish Logistics Assets.
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February 3, 2013 - Energy XXI expands footprint at One City Center
Outlet: Commercial Property Executive - Online
Oil-and-gas exploration and production company Energy XXI Services has decided to expand its presence on the Main Street Corridor. The company has signed a lease expansion for 28,168 square feet at One City Center, bringing its total footprint to 128,133 square feet.
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February 2, 2013 - Qatar plans $1.35 billion Sardinia tourism project
Outlet: Hotelier Middle East - Online
Qatar Holding has unveiled plans for a $1.35 billion investment in Sardinia's tourism sector, it has been reported. The plan includes a 150-room Harrods Hotel, a 200-room family hotel, both for the luxury market.
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February 2, 2013 - Singapore REIT acquires luxury resort in the Maldives
Outlet: Pattaya Mail - Online
Jones Lang LaSalle’s Hotels & Hospitality Group has brokered the sale of Angsana Velavaru resort to a Singapore-based REIT, marking the first deal of its kind in the island nation.
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February 2, 2013 - Metropolitan sells for $94.5 million
Outlet: PredictWallStreet.com
The Metropolitan, a mixed-used project near uptown along the Little Sugar Creek Greenway, Charlotte, S.C., for about $94.5 million to institutional investors.
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February 1, 2013 - The Indian real estate sector has grown exponentially in the last six decades
Outlet: Economictimes
More than 60 years after India became a Republic , the country has seen phenomenal changes. It has gained recognition globally as a major player in the world economy.
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February 1, 2013 - Flatotel Hotel sold for $180 million
Outlet: Crain's New York Business - Online
The Flatotel, a 46-story hotel on West 52nd Street, located in New York City, has been sold for $180 million. A partnership between investors Joseph Chetrit and David Bistricer has acquired the building from a venture between the Rockpoint Group, Atlas Capital Group and Procaccianti Group.
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February 1, 2013 - Ironstate Development and Panepinto Properties plan $350 million mixed-use project
Outlet: Commercial Real Estate Direct
Ironstate Development and Panepinto Properties plan to begin work in two months on a 1.2 million-square-foot mixed-use development in Jersey City, N.J.
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February 1, 2013 - Millennium Partners plans $620 milion project in Boston
Outlet: Boston.com
Millennium Partners is planning to develop a $620 million commercial and residential development in downtown Boston.
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February 1, 2013 - Emmes pays $57.5 million for Manhattan office building
Outlet: Crain's New York Business - Online
Emmes Asset Management has bought a 116,000-square-foot office building at 158 West 27th St. in Manhattan for $57.5 million.
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February 1, 2013 - Rosemont Realty agrees to buy Philadelphia office building for $110 million
Outlet: Wall Street Journal
Rosemont Realty has agreed to acquire a 665,649-square-foot office building in downtown Philadelphia for $110 million.
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February 1, 2013 - Brandywine Realty Trust to sell Princeton Pike Corporate Center for $121 million
Outlet: RTT News
Brandywine Realty Trust has entered into a definitive agreement to sell Princeton Pike Corporate Center, an eight-building, 800,546 square foot office park located in Lawrenceville, N.J.
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February 1, 2013 - Brandywine to sell Princeton Pike Corporate Center for $121 million
Outlet: National Real Estate Investor - Online
Brandywine Realty Trust entered into a definitive agreement to sell Princeton Pike Corporate Center, an eight-building, 800,546-square-foot office park in Lawrenceville, N.J., for $121 million.
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February 1, 2013 - Artemis announces first acquisition in San Bernardino, Calif.
Outlet: Individual.com
Artemis Real Estate Partners has acquired through a joint venture with CT Realty Investors a 225,000-square-foot, 100 percent leased industrial building in San Bernardino, Calif.
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February 1, 2013 - AXA Real Estate raises €209 million for Caesar Fund
Outlet: Press Release
AXA Real Estate Investment Managers has raised €209 million at the close of the Caesar Fund, giving a total potential fund size of around €420 million
once fully invested.
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February 1, 2013 - Investor confidence in hotel sector increases
Outlet: Institutional Real Estate Newsline
Despite the uncertainties of the global economy in 2012, investors have more confidence in the hotel sector this year, according to a survey in the Ernst & Young 2013 Global Hospitality Report.
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February 1, 2013 - LaSalle raises $283.3 million for value-added fund
Outlet: Institutional Real Estate Newsline
LaSalle raises $283.3 million for value-added fund.
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February 1, 2013 - Primaris REIT paying $377 million for portfolio of shopping centres in Alberta
Outlet: Penticton Herald - Online
Primaris Retail REIT has purchased a portfolio of shopping centers in Edmonton and Medicine Hat, Alta., for $377 million. Major properties are Medicine Hat Mall in Medicine Hat and Sherwood Park Mall, Edmonton.
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February 1, 2013 - West Sussex picks trio for £1.2bn estates mandate
Outlet: CoStar UK News
West Sussex council has appointed three consultants for a five year contract providing advice across its £1.2 billion property portfolio.
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February 1, 2013 - Westway and EQT Infrastructure II complete aquisition of Westway
Outlet: Don411.com
Westway Group and EQT Infrastructure II have announced the successful consummation of the previouslyannounced merger of EQT's wholly-owned affiliate, Bishop Infrastructure III Acquisition Company, Inc., with and into Westway.
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February 1, 2013 - Starwood completes sale of four hotels In France
Outlet: Individual.com
Starwood Capital Group has completed the sale of four iconic luxury hotels in France. The assets were sold to Constellation Hotels Holdings Ltd and will be managed by Hyatt Hotels Corporation going forward. Terms of the transaction were not disclosed
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January 31, 2013 - Kilroy Realty Buys Seattle's Westlake Terry for $170 million
Outlet: National Real Estate Investor - Online
Kilroy Realty Corp. bought Westlake Terry, a two-building, 320,399-square-foot office property in Seattle, from a joint venture partnership between Vulcan and Group Health Cooperative for approximately $170 million.
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January 31, 2013 - CAPREIT acquires 263-suite apartment complex in Calgary, Alberta
Outlet: Daily Herald - Online (press release)
Canadian Apartment Properties Real Estate Investment Trustt has completed the acquisition of a mid-tier apartment complex in Calgary, Alberta consisting of six three-story buildings totaling 263 residential suites.
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January 31, 2013 - Northwood raises more than $500 million in third close
Outlet: Institutional Real Estate Newsline
New York City-based Northwood Investors has raised approximately $551.7 million for its opportunistic real estate fund, Northwood Real Estate Partners, in a third closing.
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January 31, 2013 - Berkshire Multifamily Value Fund III holds first close
Outlet: Institutional Real Estate Newsline
Boston-based Berkshire Group has raised $168.5 million in a first close for Berkshire Multifamily Value Fund III.
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January 31, 2013 - SL Green pays $122 million for Soho retail
Outlet: Real Deal - Online, The
SL Green Realty has added to its retail portfolio with the $122.3 million acquisition of store space in Soho, N.Y.C.
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January 31, 2013 - Avalon Bay sells San Francisco apartments
Outlet: Registry - Online, The
AvalonBay Communities has sold the Avalon Yerba Buena apartment property at 788 Harrison St. in San Francisco for $103 million to LaSalle Investment Management in an all-cash deal.
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January 31, 2013 - LondonMetric Property purchases £92.4 million retail warehouse portfolio
Outlet: Press Release
LondonMetric Property has acquired its first acquisition with the purchase of a portfolio of six retail warehouse assets for £92.4 million.
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January 31, 2013 - Starwood Capital Group appoints C. Scott Rohm as SH Group president
Outlet: Optimum Online - Finance
Starwood Capital Group has announced C. Scott Rohm as president of SH Group, Starwood Capital’s hotel brand management company that oversees the development and launch of the group’s two new luxury and lifestyle hotel and residence brands, Baccarat H
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January 30, 2013 - Prologis sells JFK portfolio for $57 million
Outlet: Times Ledger Newspapers - Online
TA Associates Realty has purchased a $57 million portfolio of properties adjacent to John F. Kennedy International Airport. The seller was Prologis.
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January 30, 2013 - BWC makes first value-added real estate investment
Outlet: Institutional Real Estate Newsline
The $21 billion Ohio Bureau of Workers’ Compensation (BWC) has made a $50 million commitment to KTR Industrial Fund III.
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January 30, 2013 - Cole Credit Property pays $205 million for Silicon Valley retail center
Outlet: Phoenix Business Journal - Online
Phoenix-based Cole Credit Property Trust IV has snatched up a massive slice of real estate in Silicon Valley for $205 million — one of the biggest acquisitions for the real estate investment trust to date.
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January 30, 2013 - Mubadala Pramerica Real Estate Investors names Faris Mansour director of capital markets
Outlet: Press Release
Mubadala Pramerica Real Estate Investors, a 50/50 joint venture between Mubadala Development Co. and Pramerica Real Estate Investors, has named Faris Mansour director of capital markets.
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January 30, 2013 - Tritax launches Aberdeen Office Fund
Outlet: Press Release
Tritax has announced the completion of the Tritax Aberdeen Office Fund, which will provide its private investors with a high yielding, tax efficient investment in a new 40,000-square-foot, class A office development in Aberdeen.
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January 30, 2013 - Measured risk – Europe's real estate investors slowly gaining confidence again
Outlet: Press Release
Investment Climate Index shows a uniformly upward trend for Germany, France and the United Kingdom for the first time since 2010.
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January 30, 2013 - HSBC appoints Jones Lang LaSalle to manage real estate portfolio
Outlet: Re:Locate
Jones Lang LaSalle has announced that global bank HSBC has selected the firm as its sole global outsourcing provider of integrated facility management services across its 58 million-square-foot real estate portfolio.
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January 30, 2013 - Pebblebrook buys Embassy Suites San Diego Bay for $112.5 million
Outlet: Morningstar.com
Pebblebrook Hotel Trust has acquired the Embassy Suites San Diego Bay – Downtown for $112.5 million.
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January 30, 2013 - GVA to sell £46 million Manchester Royal Exchange
Outlet: Place North West
Prupim has appointed GVA to manage the sale of Manchester's Royal Exchange building between Cross Street and St Ann's Square.
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January 29, 2013 - New 15-story office tower planned for downtown Richmond
Outlet: Individual.com
A Chicago-based developer plans to change the Richmond skyline with a 15-story office tower in the heart of the downtown business district.
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January 29, 2013 - Thomson Reuters launches comprehensive listed real estate benchmark for Asia Pacific region
Outlet: Sys-CON India
Thomson Reuters has launched Asia Pacific Real Estate Composite Indices -- designed specifically to be the most comprehensive listed real estate benchmark available for the Asia Pacific region.
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January 29, 2013 - Caisse increases real estate and infrastructure allocations
Outlet: Bloomberg News - Online
Caisse de Depot et Placement du Quebec will increase investments in assets such as real estate, infrastructure and private equity to reduce volatility in its returns.
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January 29, 2013 - Singapore’s slowing office growth to boost rents: Southeast Asia
Outlet: Bloomberg News - Online
Singapore’s office rents are set to rebound from their first annual decline in three years as new supply shrinks and more businesses expand, according to the biggest office property trust in Asia outside of Japan.
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January 29, 2013 - Paladin Realty launches second Colombian venture
Outlet: Institutional Real Estate Newsline
Paladin Realty Partners has launched PALVAL Homebuilding Platform, a Bogota, Colombia-based joint venture.
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January 29, 2013 - Timber records highest returns since 2007
Outlet: Institutional Real Estate Newsline
On the back of a housing market recovery, timberland has recorded the highest total return since fourth quarter 2007, coming in at 5.92 percent
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January 29, 2013 - American Realty Advisors expands investment group
Outlet: SYS-CON Media
American Realty Advisors has announced the expansion of the firm's investment group. The firm has made two hires.
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January 29, 2013 - East Coast firm buys oil, ethanol plant for $95 million
Outlet: GlobeSt.com
A Massachusetts-based firm has purchased the Cascade Kelly Holdings LLC’s crude oil and ethanol facility on the Columbia River at Clatskanie.
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January 29, 2013 - Paramount Hotel Group appoints Douglas Vicari as principal
Outlet: Hotel News Resource
Paramount Hotel Group has announced that Douglas Vicari has joined the company as a principal. Vicari will be responsible for the firm's capital-raising efforts, as well as advising on its strategic direction and assisting in its acquisition programs
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January 29, 2013 - Yorkshire-Australian partners invest £240 million in student housing
Outlet: bdaily.co.uk
A partnership between Manor Properties and Australian infrastructure firm, Lend Lease, will deliver £240 million of investment into U.K. student accommodation.
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January 29, 2013 - Cole hires David Lynn
Outlet: Individual.com
David Lynn has joined Cole Real Estate Investments (Cole) as executive vice president and chief investment strategist. Lynn will lead Cole’s investment strategy and research group and underwriting team.
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January 29, 2013 - Summit to acquire Louisiana portfolio
Outlet: Hotel Business - Online
Summit Hotel Properties has agreed to acquire a portfolio of five Marriott-branded hotels in Louisiana for approximately $135 million.
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January 28, 2013 - Office campus fetches near $92 million
Outlet: GlobeSt.com
Brookfield Opportunity Fund has purchased 987,428-square-foot multi-building office campus for $92 million.
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January 28, 2013 - Host Hotels names Robertson EVP-CIO
Outlet: TravelPulse
Host Hotels & Resorts appointed Struan Robertson executive vice president and CIO.
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January 28, 2013 - Blackstone lays foundation for GE portfolio bid
Outlet: Australian Financial Review - Melbourne
U.S. private equity firm Blackstone Group is interested in acquiring General Electric's (GE) Australian and New Zealand property portfolio. Hong Kong-based private equity firm, Pacific Alliance Group, has the same plans.
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January 28, 2013 - Westfield plans redevelopment of Parramatta Centre
Outlet: Business Spectator, The
Westfield Group has announced a transformation of Westfield Parramatta Centre in Sydney's western suburbs into a $2 billion retail and office complex.
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January 28, 2013 - Realogy Holdings appoints new director
Outlet: Compliance Week - Online
Realogy Holdings has appointed Brett White to its board of directors. White most recently served as CEO at CBRE Group
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January 28, 2013 - Zisler Capital merges with Encore Enterprises
Outlet: Institutional Real Estate Newsline
Zisler Capital Associates, a Denver-based consulting firm, has merged with Encore Enterprises, a Dallas-based real estate investment management firm.
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January 28, 2013 - Hawaii Employees commits to Mesa West fund
Outlet: Institutional Real Estate Newsline
The $12 billion Hawaii Employees Retirement System has made an investment in a Mesa West real estate debt fund.
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January 28, 2013 - PSERS makes first commitment to Paramount Group
Outlet: Institutional Real Estate Newsline
The $51 billion Pennsylvania Public School Employees’ Retirement System (PSERS) has approved a $100 million commitment to Paramount Group.
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January 28, 2013 - KBS paying Brookfield $127 million for RBC Plaza
Outlet: Minneapolis/St. Paul Business Journal - Online
KBS Real Estate Investment Trust has paid $126.5 million for the 40-story office tower called RBC Plaza in downtown Minneapolis.
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January 28, 2013 - Prologis trades airport portfolio in $57 million deal
Outlet: GlobeSt.com
A Prologis industrial portfolio adjacent to JFK International Airport has traded to TA Associates Realty, according to Cushman & Wakefield, which arranged the $57.2 million sale.
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January 28, 2013 - AIMS AMP Capital Industrial Reit to redevelop Defu Lane property for S$25 million
Outlet: Business Times - Online, The
AMP Capital Industrial Reit will be investing S$25.4 million to redevelop its property at 103 Defu Lane 10.
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January 28, 2013 - Abu Dhabi-led grouping eyes exit from Jordan airport project-sources
Outlet: Yahoo! Maktoob
An Abu Dhabi-led consortium investing $850 million to expand Jordan's main airport is looking to exit a 25-year concession to manage the facility, preferring to cash in the investment rather than stay involved for coming years.
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January 27, 2013 - Ivanhoé Cambridge and TPG complete acquisition of Woolgate Exchange
Outlet: Yahoo! News
Ivanhoé Cambridge and TPG has completed the acquisition of Woolgate Exchange, a high-quality office building located in London's business district.
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January 27, 2013 - URDANG names P.J. Yeatman to head Private Real Estate
Outlet: PR Newswire
URDANG, the real estate manager for BNY Mellon, has named P.J. Yeatman to the new position of head of private real estate, with responsibility for setting strategy and leading the future growth of the private real estate business.
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January 27, 2013 - Singapore emerges as source of Laxfield's £1 billion fund
Outlet: Financial Times
The Government of Singapore Investment Corp. (GIC), the country’s $100 billion sovereign wealth fund, will underwrite the loans which will be issued by Laxfield Capital, the specialist property-focused lender.
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January 27, 2013 - Berkadia closes $1.5 billion refinancing
Outlet: Multifamily Executive - Online
Berkadia Commercial Mortgage has secured a $1.5 billion refinancing deal, the largest in the company’s history.
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January 27, 2013 - Richard Walters named partner at Orchard Street
Outlet: PropertyEU - Online
Richard Walters named partner at Orchard Street. Walters joined the specialist U.K. commercial property investment manager in September 2011 from Invista Real Estate.
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January 26, 2013 - Ivanhoe Cambridge appoints Claude Gendron as executive vice president, legal affairs and general counsel
Outlet: newsblaze.com
Ivanhoe Cambridge has appointed Claude Gendron as executive vice president, legal affairs and general counsel.
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January 26, 2013 - Moorfield Group and SEGRO launches Logistics Property Partnership
Outlet: HSSsearch.co.uk
Moorfield Group and SEGRO have launched the Logistics Property Partnership. The new name for the U.K. Logistics Fund.
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January 26, 2013 - Pyxis Capital adds four new regional sales directors
Outlet: pr-usa.net - Online
Pyxis Capital has hired new regional sales directors in Texas, Illinois, California and the Northeast.
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January 26, 2013 - Macquarie Infrastructure & Real Assets announces senior appointments
Outlet: Yahoo! Finance
Macquarie Group has announced Drew Murphy and Graeme Conway have joined its Macquarie Infrastructure and Real Assets division as senior managing directors in New York City.
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January 25, 2013 - EMEA hotel investment reaches $11 billion in 2012
Outlet: Hotel Online
Europe, Middle East and Africa (EMEA) transaction volumes reached $11 billion in 2012, according to the latest analysis from Jones Lang LaSalle Hotels & Hospitality Group.
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January 25, 2013 - CBRE adds Wright as managing director
Outlet: CoStar Group
William Wright has joined CBRE’s Oakbrook, Ill., office as managing director.
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January 25, 2013 - Queensgate Investments Fund creates $450 million partnership
Queensgate Investments Fund I and a number of private investors have announced the creation of a $450 million joint venture, which has exchanged contracts with Anschutz Entertainment Group to buy a 3 hectare riverfront hotel led site.
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January 25, 2013 - Pearlmark Real Estate launches debt fund
Outlet: Institutional Real Estate Newsline
Pearlmark Real Estate Partners has launched its fourth debt fund.
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January 25, 2013 - Colliers International names Kim Butler senior property manager
Outlet: Midlandsbiz.com
Colliers International has appointed Kim Butler to the position of Senior Property Manager. She has been associated with Colliers since 2006.
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January 25, 2013 - London beats Hong Kong as most expensive city for office space
Outlet: GlobalPost.com
London overtook Hong Kong in 2012 to win the dubious accolade of world's most expensive city for office space, according to a survey of 126 major cities by property agency DTZ.
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January 25, 2013 - KingSett Capital withdraws OSC application about Primaris unitholder rights plan
Outlet: CJBK-AM - Online
An investment group led by KingSett Capital has dropped its attempt to remove a shareholder rights plan that Primaris Retail REIT put in place to defend against a hostile takeover.
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January 25, 2013 - Sunstone sells four hotels in Minnesota
Outlet: Orange County Business Journal - Online
Aliso Viejo-based Sunstone Hotel Investors has entered into agreements to sell a four-hotel portfolio in Rochester, Minn., for $230 million.
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January 25, 2013 - CoStar's People of Note (Jan. 20-26)
Outlet: CoStar Group
CoStar's People of Note reports news on significant new commercial real estate hires and promotions.
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January 25, 2013 - Singapore's infrastructure ranked best in the world
Outlet: pr-usa.net - Online
Singapore has the best infrastructure among the world's top cities. This is according to the 2012 Mercer Quality of Living study, which separately ranked global cities with the best infrastructure for the first time this year.
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January 25, 2013 - Macquarie Group launches third infrastructure fund in a series
Outlet: Institutional Real Estate Newsline
Australia-based Macquarie Group has launched its third fund in an infrastructure series.
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January 25, 2013 - Macerich acquires Long Island's Green Acres Mall for $500 million
Outlet: Morningstar.com
The Macerich Co. has acquired Green Acres Mall. Green Acres Mall is a 1.8 million square foot super regional mall located in Valley Stream, New York.
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January 25, 2013 - PA invests $82 million toward water infrastructure projects
Outlet: FierceEnergy
Pennsylvania will see an $82 million investment into its water infrastructure through the Pennsylvania Infrastructure Investment Authority.
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January 25, 2013 - Host Hotels & Resorts names Struan Robertson executive vice president, CIO
Outlet: Individual.com
Host Hotels & Resorts has appointed Struan Robertson as executive vice president and CIO. Robertson will lead the company in its domestic and international acquisition efforts. He is based at Host's headquarters in Bethesda, Md.
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January 25, 2013 - Oak Tree Capital, Behringer form JV at Paces West office complex
Outlet: GlobeSt.com
Oak Tree Capital Management and Behringer Harvard have formed a joint venture ownership arrangement for the former Home Depot headquarters.
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January 24, 2013 - Rockspring acquires €78 million Paris Oise Logistics Park
Outlet: Europe Real Estate
Rockspring Property Investment Managers has acquired the Paris Oise Logistics Park, located in Longueil Sainte Marie to the North of Paris, for its TransEuropean Property Limited Partnership V fund.
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January 24, 2013 - Singapore’s biggest deals hit by property curbs: Southeast Asia
Outlet: Bloomberg News - Online
Singapore’s latest round of measures to curb record property prices has become a stumbling block in the city-state’s two-biggest corporate takeover deals.
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January 24, 2013 - Investors increase appetite for risk
Outlet: Press Release
For the first time since the financial crisis, investors’ appetite for risk appears to be growing, according to the INREV Investment Intentions Survey 2013.
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January 24, 2013 - Primaris REIT takeover battle ‘not concluded’
Outlet: Financial Post - Online
The battle for Primaris Retail Real Estate Investment Trust is far from over, says one of Bay St.’s leading analysts.
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January 24, 2013 - Manhattan Real Estate has become The Gold Standard
Outlet: Forbes - Online
According to Eastern Consolidated, Manhattan commercial property sales jumped an astonishing 85 percent from third quarter 2012 to the fourth quarter 2102.
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January 24, 2013 - KingSett-led group says it will build stake in Primaris REIT if price is right
Outlet: Journal-Pioneer - Online
A consortium led by KingSett Capital announced Thursday it will continue to build its stake in Primaris Retail Real Estate Investment Trust, a shopping mall operator that it has been attempting to take over.
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January 24, 2013 - American Realty Capital Healthcare Trust announces hire of seniors housing specialist
Outlet: Individual.com
American Realty Capital Healthcare Trust has appointed Ross Sanders as vice president of acquisitions. He will focus on seniors housing.
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January 24, 2013 - Colony American Homes nears final close
Santa Monica, Calif.-based investment firm Colony Capital is expected to close its single-family residential investment fund, Colony American Homes, by the end of the week.
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January 24, 2013 - KBS Strategic Opportunity REIT acquires retail property in Los Angeles submarket
Outlet: pr-usa.net - Online
KBS Strategic Opportunity REIT has participated as a majority joint venture partner in the acquisition of The Burbank Collection, a 39,428-square-foot retail property in Burbank, Calif., 11 miles north of downtown Los Angeles in Southern California's
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January 24, 2013 - Tucson retail plaza sells for $32.3 million
Outlet: AZCentral.com
Camelback Corporate Center Joint Venture has sold Campbell Plaza on the northeast corner of Campbell Ave. and Glenn Street in Tucson to Krausz Puente and Krausz RC Properties One of Irvine, Calif., for $32.3 million.
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January 24, 2013 - DCT Industrial Trust announces continued growth in Houston
Outlet: Webnewswire.com/
DCT Industrial Trust has announced expansion and progress in the Houston market. The company purchased an 11 acre land parcel in the Northwest submarket of Houston.
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January 24, 2013 - Starwood Property Trust And Starwood Capital Group to acquire LNR Property
Outlet: PR Newswire - Online
Starwood Property Trust and Starwood Capital Group, on behalf of Starwood Distressed Opportunity Fund IX,have entered into a definitive agreement to acquire LNR Property for a total purchase price of $1.05 billion in cash.
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January 23, 2013 - Prudential Real Estate Investors names Europe unit heads, risk chief
Outlet: Individual.com
Prudential Real Estate Investors has named Raimondo Amabile and Andrew Radkiewicz as co-heads of its European business and appointed Philip Barrett chief risk officer for Europe and Asia.
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January 23, 2013 - EdR creates joint venture to develop collegiate housing at the University of Minnesota
Outlet: Business Wire
EdR has executed agreements with GEM Realty Capital and Schenk Realty Group to jointly develop and own new off- campus collegiate housing at the University of Minnesota in Minneapolis.
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January 23, 2013 - Thomas Etzel joines RECAP as chairman of the management committee
Outlet: Press Release
Real Estate Capital Partners (RECAP) of New York City has hired Thomas Etzel as Managing Director and Head of Strategy and Business Development.
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January 23, 2013 - Asia Pacific hotels attracting strong investment sentiment in 2013
Outlet: Re:Locate
Asia Pacific hotel transaction volumes are projected to reach $3.5 billion in 2013 on the back of strong investment sentiment to buy hotel assets in the region, according to Jones Lang LaSalle’s latest Hotel Investment Outlook report.
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January 23, 2013 - AEW Europe’s real estate capital raising hits €1.8 billion in 2012
Outlet: Press Release
Pan-European real estate investment manager AEW Europe has further expanded its platform, raising €1.8 billion in capital in 2012, a 13 percent increase over the previous year, for its fund strategies, separate institutional mandates and club deals.
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January 23, 2013 - ARC pays $112 million to get its toes wet in Silicon Alley
Outlet: Real Estate Weekly - Online
American Realty Capital New York Recovery REIT (ARC) has entered into a purchase and sale agreement to acquire the fee simple interest in an office building lat 218 West 18th Street in Chelsea.
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January 23, 2013 - U.S. farmland sector has strong return in fourth quarter
Outlet: Institutional Real Estate Newsline
During fourth quarter 2012, U.S. farmland had a strong rate of return, exceeding its income return from fourth quarter 2011, according to the NCREIF Farmland Index, released by the National Council of Real Estate Investment Fiduciaries.
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January 23, 2013 - New Jersey could sell $1 billion in real estate fund investments
The $70.8 billion New Jersey Division of Investment may sell its interests in about 20 real estate funds, totaling more than $1 billion.
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January 23, 2013 - Malaysian pension fund frontrunner for £220 million City deal
Outlet: Property Week - Online
The National Pension Service of Korea is close to selling a striking City office block for £220 million, after buying it at the bottom of the market for £183 million.
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January 23, 2013 - Canadian timber company expands into United States with $80 million purchase
Outlet: Vancouver Sun - Online, The
Canadian forest company International Forest Products is buying three sawmills in Georgia from U.S. timber REIT Rayonier in a strategic move that gives the firm a base in the southern United States.
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January 23, 2013 - European retail real estate investment volumes reach €19.4 billion in 2012
Outlet: Europe Real Estate
Jones Lang LaSalle reports that retail real estate investment was strong in fourth quarter 2012 lifting full year investment to €19.4 billion; the top end their €18 billion-€20 billion forecast.
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January 22, 2013 - TCG veteran to launch Indian real estate investment fund
Outlet: Business Standard India
Bani Banerjee, who left India-based TCG Real Estate in mid-2012, is launching a $200 million special situations fund to invest in real estate and hotels in India.
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January 22, 2013 - Knight Frank hires CBRE head of West End office leasing
Outlet: Property Week - Online
An executive director in CBRE’s West End office leasing team is to join Knight Frank as an equity partner in charge of West End leasing, as part of a reshuffle of the partnership’s leasing team.
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January 22, 2013 - Talk Global Infrastructure Partners is poised to bid for United Utilities
Outlet: Yahoo! Finance UK
United Utilities was back under the spotlight amid speculation a consortium of infrastructure funds led by Global Infrastructure Partners is preparing a multi-billion takeover bid for the water group.
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January 22, 2013 - Watermark, W.P. Carey Venture seeks REIT status
Outlet: Hotel Business - Online
According to filings with the United States Securities and Exchange Commission, a newly formed venture between W.P. Carey and Watermark Capital Partners—Carey Watermark Investors Inc.—is seeking real estate investment trust (REIT) status in order to acquire, own and dispose of lodging and lodging-related properties.
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January 22, 2013 - William Krauch joins Bentall Kennedy as senior advisor, investor relations and product development
Outlet: Press Release
William Krauch has joined the executive management team of Bentall Kennedy.
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January 22, 2013 - Mack-Cali acquires Roseland luxury properties near Boston
Outlet: NJBiz - Online
Mack-Cali Realty Corp. is set to acquire two Boston-area rental properties currently managed by its Roseland Property Co. subsidiary, which it formed last fall when it acquired the multifamily builder.
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January 22, 2013 - Credit Suisse & IBRC sells interest in Woolgate Exchange for £265 million
Outlet: Press Release
Receivers Robert Harry Pick and Simon James Underwood of Menzies Business Recovery LLP have sold the freehold interest in Woolgate Exchange on behalf of the lenders Credit Suisse & IBRC instructed by the Special Servicer, Capita Asset Services (UK) Ltd for £265 million.
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January 22, 2013 - CORESTATE signs €300 million of German distressed property acquisitions
Outlet: Press Release
CORESTATE has acquired a German commercial and residential portfolio valued at €150 million and entered into an exclusive agreement to purchase an additional €150 million of residential assets.
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January 22, 2013 - Graingerhas creates partnership with APG Strategic Real Estate Pool
Outlet: Press Release
Grainger plc has created a partnership with APG Strategic Real Estate Pool. The partnership is called GRIP, which acquires the residential property portfolio owned by G:res1, a U.K. market-rented residential property fund established and managed by Grainger.
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January 22, 2013 - MGPA acquires long-let class A office building in Perth, Western Australia
Outlet: Press Release
MGPA has acquired the first asset for its German fund focused on Asia-
Pacific, MGPA Asien Spezialfonds, in Perth, Western Australia.
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January 22, 2013 - Charles Dallara, currently managing director of the IIF, to join Partners Group
Outlet: Press Release
Partners Group has hired Charles Dallara, currently Managing Director of the Institute of International Finance (IIF), will join the firm as a Partner, based in the United States.
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January 22, 2013 - Paladin Realty announces six executive promotions
Outlet: Press Release
Paladin Realty Partners has promoted six executives. Randall Loker, Pablo Sala, Joel Bost, and Scot Hadley have all been promoted to senior vice president, and Michael Pelletier and Santiago Gil have been promoted to vice president.
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January 22, 2013 - John Benziger named D.C. regional managing principal for Cassidy Turley
Outlet: Digital Journal
Cassidy Turley has named John Benziger D.C. regional managing principal. He is responsible for enhancing Cassidy Turley’s commercial real estate services in the Metro DC Region and leading the region’s more than 400 professionals.
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January 22, 2013 - Brookfield completes $886 million acquisition of Verde Realty
Outlet: pr-usa.net - Online
Brookfield has closed the acquisition of a majority ownership position in Verde Realty. Through this transaction, an investment vehicle managed by Brookfield will control approximately 81% of the common equity in Verde, with the remaining equity reta
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January 22, 2013 - Parmenter Realty Partners buys its first asset in the Washington, D.C. metro area
Outlet: Cincinnati Enquirer - Online (press release)
Parmenter Realty Partners have announced the acquisition of 460 Herndon Parkway, a 205,074 square foot office building situated on approximately 10 acres of land, in Herndon, Virginia. The asset is currently 96% occupied with no near-term rollover.
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January 22, 2013 - Vulcan sells assets, invests in others
Outlet: Aggregates Manager - Online
Vulcan Materials Co. has announced that it has sold assets of just under $150 million dollars.
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January 22, 2013 - Prologis signs 1 million-square-foot build-to-suit with Amazon
Outlet: Registry (San Francisco), The
Prologis has signed a lease agreement with Amazon to build a more than 1 million-square-foot distribution center.
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January 22, 2013 - KPERS invests $90 million in infrastructure and real estate funds
Outlet: Institutional Real Estate Newsline
The $13.6 billion Kansas Public Employees Retirement System (KPERS) has committed $90 million to two funds.
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January 22, 2013 - Spirit Realty to merge with Cole Credit Property Trust II
Outlet: REIT.com
Spirit Realty Capital and Cole Credit Property Trust II have announced a merger that would create what is expected to be the second-largest publicly traded triple-net lease REIT in the United States.
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January 22, 2013 - Savills appoint new Head of Investment in Birmingham
Outlet: Property Mall
The Savills Birmingham team have appointed Andrew Bull as its new head of investment - replacing Jonothan Holmes.
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January 22, 2013 - Parkway agrees to purchase eight office buildings in Jacksonville, Florida
Outlet: PR Newswire - Online
Parkway Properties has entered into a purchase and sale agreement to acquire a portfolio of eight office properties totaling 1.0 million square feet located in the Deerwood submarket of Jacksonville, Fla., for a purchase price of $130 million.
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January 21, 2013 - Morgan Stanley finds opportunity in distressed property assets
Outlet: Big News Network
Distressed property markets where deals are difficult to finance and yield spreads are at all-time highs provide attractive investment opportunities, according to Morgan Stanley's real estate unit.
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January 21, 2013 - St. Paul apartment tower fetches $51 million
Outlet: Chicago Tribune - Online
Kellogg Square, a signature apartment tower in downtown St. Paul, has been sold for $51 million. The tower was sold by Sentinel Management to Bigos Management of Golden Valley.
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January 21, 2013 - Canadian pension funds plan investment splurge
Outlet: Weekend Australian, The (VIC)
The $120 billion Ontario Teachers' Pension Plan is looking at stepping up its investments in Australia with a minimum project target of $250 million.
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January 21, 2013 - Pure Industrial REIT buys 15 properties
Outlet: Chronicle-Journal - Online
Pure Industrial Real Estate Trust is buying 15 industrial properties for $129.4 million. The properties, comprising 1.4 million square feet of gross leasable area, are located in British Columbia, Alberta, Saskatchewan Manitoba, Ontario and Quebec.
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January 21, 2013 - True North Commercial Real Estate Investment Trust aquires five properties
Outlet: Collegiate Presswire - Online
True North Commercial Real Estate Investment Trust has agreed to acquire five office and retail properties in a series of transactions for an aggregate purchase price of approximately $144.7 million
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January 21, 2013 - M&G Property portfolio successfully converted into PAIF
Outlet: Press Release
M&G Investments has announced the conversion of its £2 billion M&G Property Portfolio from a unit trust into a Property Authorised Investment Fund (PAIF) structure.
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January 21, 2013 - Madison acquires 35 percent equity stake in Statoil's newly office complex for $71 million
Outlet: Press Release
Madison International Realty has completed the acquisition of a 392 Million NOK (approx. US $71 Mio.) interest in the Statoil complex in Oslo, Norway.
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January 21, 2013 - Mauro Montagner appointed CEO of the Italian hub of Allianz Real Estate
Outlet: Europe Real Estate
Mauro Montagner has joined Allianz S.p.A. as CEO. He will head the Southern European platform of Allianz Real Estate based in Milan.
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January 21, 2013 - Savills Energy expands international energy financing team
Outlet: International Estate Agent Today
Savills Energy has expanded to include an International, as well as a United Kingdom, energy financing team.
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January 21, 2013 - £367 million cleantech fund Glennmont Partners agrees spin-off from BNP Paribas
Outlet: GreenWiseBusiness.co.uk
The new €437 million capital fund, called Glennmont Partners, is a spin-off of BNP Paribas Clean Energy Partners (BNPP CEP). It will continue to work closely with BNPP IP, which will remain an investor. But the former BNPP CEP team, which will move t
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January 20, 2013 - EQT Infrastructure closes second fund
Outlet: peHUB
EQT Infrastructure has closed its second fund at the hard cap of $2.6 billion. EQT Infrastructure II will be targeting existing infrastructure companies located primarily in Europe and North America.
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January 20, 2013 - New luxury apartment tower planned near American Airlines Center
Outlet: Commercial Property Executive - Online
Trammell Crow Residential has plans to build a luxury apartment project near American Airlines Center. The high-rise would include 365 apartment units within a 12-story residential tower and a five-story building.
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January 20, 2013 - Ivanhoe Cambridge to expand Vaughan Mills
Outlet: Individual.com
Ivanhoé Cambridge has announced that Vaughan Mills, its shopping centre located in Vaughan, Ontario, will be undergoing an $87-million redevelopment and expansion project.
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January 20, 2013 - Allianz launches first fund to back rebuilding of U.K. infrastructure
Outlet: Financial Times
Allianz Global Investors has plans to launch an infrastructure debt fund in the United Kingdom - the first of its kind - to help build schools, hospitals and roads in a landmark initiative designed to create jobs and stimulate the faltering economy.
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January 20, 2013 - Charter Hall on $200 million spending spree for fund
Outlet: Australian Financial Review - Melbourne
Charter Hall Group has paid A49.4 million for an industrial facility in Melbourne and A$45.9 million for a stake in a distribution facility in Perth.
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January 20, 2013 - Pantheon Ventures adds European infrastructure chief
Outlet: Pensions&Investments – Online
Andrea Echberg was named partner and head of European infrastructure investments at Pantheon Ventures, according to Kathryn Leaf Wilmes, partner and global head of infrastructure investments.
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January 19, 2013 - Berkadia funds $1.5 billion multifamily portfolio
Outlet: National Real Estate Investor - Online
Berkadia Commercial Mortgage has closed a $1.5 billion loan portfolio through Freddie Mac for Southern Management Corp. As the largest loan funding in Berkadia’s history, this portfolio is also expected to be Freddie Mac’s largest multifamily deal el
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January 18, 2013 - Sony to sell U.S. headquarters building for $1.1 billion
Outlet: CNBC
Japan’s Sony Corp. reports it will sell its US headquarters building in New York City for $1.1 billion, the highest price paid for a single U.S. office building in two years, to a consortium led by real estate developer The Chetrit Group.
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January 18, 2013 - Stansted Airport being sold to Manchester for £1.5 billion
Outlet: BBC News Online/Interactive
London's Stansted Airport is being sold to the owner of Manchester Airport for £1.5 billion. The seller was Heathrow Airport Holdings, formerly called BAA, which will continue to own London Heathrow, Southampton, Aberdeen, and Glasgow airports.
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January 18, 2013 - Duke Realty divests six-building office portfolio in Indianapolis
Outlet: Commercial Property Executive - Online
A joint venture between Middleton Partners and Romanek Properties has acquired the six-building Hillsdale Technecenter in suburban Indianapolis from locally based Duke Realty Corp.
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January 18, 2013 - CoStar's People of Note (Jan. 13-19)
Outlet: CoStar Group
CoStar's People of Note reports news on significant new commercial real estate hires and promotions. This week, the following companies announced personnel moves: Jones Lang LaSalle, HFF, Cassidy Turley, Trammell Crow, DDR Corp., Avison Young, Stream
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January 18, 2013 - SEI announces senior appointments to U.K. team
Outlet: Fundweb
SEI has appointed Kevin Bull as strategic alliance development director and Simon Pinner as sales director of its U.K. Asset Management distribution team.
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January 18, 2013 - Prologis boosts Japanese portfolio
Outlet: Zacks.com
Prologis has announced a new development project – Prologis Park Kitamoto – in Japan. The move will strengthen Prologis’ position as one of the leading providers of industrial real estate in Asia.
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January 18, 2013 - MIG Real Estate LLC acquires multifamily property in Denver
Outlet: GlobeSt.com
MIG Real Estate LLC, a Newport Beach, California-based real estate investment company, has acquired Churchill Downs, a 168-unit multifamily community located in southwest Denver, from an unnamed seller for an undisclosed price.
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January 18, 2013 - Prologis starts development in Japan
Prologis announced the commencement of a new development project totaling 795,000 square feet in Japan. Prologis Park Kitamoto is located in Saitama Ken-O Expressway, a submarket of Tokyo. The facility, located within 29 miles of Tokyo's central busi
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January 18, 2013 - Tempe Gateway building sells for $66.1 million
Outlet: AZCentral.com
The Tempe Gateway office building has sold for $66.1 million.The eight-story building was purchased by Parkway Properties of Florida from Vulcan.
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January 18, 2013 - Schroders sells IMG's Stockley headquarters for £42.25 million
Outlet: CoStar UK News
Schroders has sold 5 Longwalk at Heathrow's Stockley Park, the headquarters of global sports media giant IMG, to a private Middle Eastern investor for £42.25 million ($67.6 million), a 6.35 percent yield, according to CoStar News.
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January 18, 2013 - Goodman sells logistic unit to LaSalle
Outlet: Europe Real Estate
Global integrated property group, Goodman has completed the sale of First Point, Burton, a 213,240 square-foot prime logistics unit in the Midlands. The logistics development was purchased by LaSalle Investment Management, acting on behalf of an undi
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January 18, 2013 - LEG Immobilien AG said to seek up to $2 billion from German property IPO
Outlet: Bloomberg News - Online
LEG Immobilien AG, the German residential landlord owned by Goldman Sachs Group Inc. (GS), may raise as much as €1.5 billion ($2 billion) in an initial public offering, according to three people with knowledge of the plan. It would be the largest IPO
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January 18, 2013 - Vulcan sells $170 million office property in Seattle to Kilroy
Outlet: Commercial Property Executive - Online
Vulcan Real Estate and Group Health Cooperative have sold Westlake Terry, a two-building, 320,399-square-foot office property in Seattle’s South Lake Union submarket for about $170 million to Kilroy Realty Corp. of Los Angeles.
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January 18, 2013 - Kraft Foods sells Northfield campus for leaseback
Outlet: Chicago Tribune - Online
Kraft Foods said late Thursday it has sold its headquarters campus in Northfield and will lease it back for a minimum of 10 years. The buyer is the real estate investment trust W.P. Carey, according to an internal memo to Kraft employees. The sales p
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January 18, 2013 - AXA Real Estate makes first acquisitions for U.K. Long Lease Property Fund
Outlet: Europe Real Estate
AXA Real Estate Investment Managers has made the first acquisitions on behalf of the recently launched U.K. Long Lease Property Fund, with the purchase of two supermarkets for around £38 million ($60.8 million) in aggregate.
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January 18, 2013 - American Realty Capital makes senior management hires
Outlet: Individual.com
American Realty Capital today announced two senior management hires for its debt capital markets and corporate finance team, Donald MacKinnon and Nicholas Radesca.
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January 17, 2013 - Regency Centers buys shopping center in San Diego
Outlet: Rentv.com
Regency Centers Corp. has acquired Uptown District Shopping Center, a 148,600-square-foot mixed-use retail center in San Diego’s Hillcrest neighborhood. The property sold for $81 million, reportedly making it the largest retail transaction in San Die
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January 17, 2013 - Bill Prutting joins Jones Lang LaSalle from CBRE
Outlet: Citybizlist Washington DC
Jones Lang LaSalle has expanded its mid-Atlantic platform with the addition of capital markets leader Bill Prutting, who will serve as a managing director in Washington, D.C.
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January 17, 2013 - Sony to sell its Manhattan headquarters for $1.1 billion
Outlet: Wall Street Journal
Sony Corp. has reached a deal to sell its U.S. headquarters at 550 Madison Ave. for $1.1 billion, the company said Thursday, a strong price that shows how investors are bidding aggressively for top Manhattan properties.
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January 17, 2013 - Federal Realty buys Oakland retail portfolio for $53.7 million
Outlet: National Real Estate Investor - Online
Federal Realty Investment Trust has acquired the East Bay Bridge shopping center in Oakland, Calif. for $53.7 million.
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January 17, 2013 - Cushman & Wakefield negotiates $76 million sale-leaseback of Hensley & Co. properties
Outlet: AZRE: Arizona Commercial Real Estate - Online
In one of Arizona’s largest industrial sale-leaseback transactions for 2012, an investment team at Cushman & Wakefield of Arizona led by Chris Toci, Chad Littell, and Jim Wilson, negotiated a $76 million disposition and leaseback of three facilities
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January 17, 2013 - Real Hospitality Group acquires Four Points in New York Times Square
Outlet: Hotel News Resource
Gehr Development, which owns the 33-story Fairfield Inn by Marriott Times Square at 330 West 40th Street, completed the acquisition of the adjacent Four Points by Sheraton Times Square, at 326 West 40th Street, for $112 million, or approximately $460
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January 17, 2013 - Cliff Hotel in San Francisco sold for $120 million
Outlet: Meetings Focus
The iconic Clift Hotel, located nearby San Francisco’s Union Square at 495 Geary Street, has reportedly been purchased by an affiliate of Hospitality Properties Trust for $120 million from Tarsadia Investments.
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January 17, 2013 - Office space absorption falls in Bangalore as IT demand weakens
Outlet: Times of India - Online
The commercial property absorption of grade A spaces in Bangalore dropped by 24 percent in 2012, compared to the year before, because of weakened demand from the IT/ITeS sector. Real estate consultancy Cushman & Wakefield estimates that 7.3 million
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January 17, 2013 - Goldman Sachs Sells $750 million of junior loans on Hawaiian Hotel Portfolio
Outlet: WSJ Blogs
Goldman Sachs Group has sold about $750 million of junior loans on a large hotel portfolio owned by the private-equity firm Cerberus Capital Management, according to people briefed on the transaction.
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January 17, 2013 - Hotel transaction volume to eclipse 2012 at $18.5 billion in 2013 in Americas
Outlet: MSN Money (US)
Hotel real estate investors, who unlocked capital and aggressively bid on hotel assets in 2012, are expected to increase their buying activity in 2013. The abundance of equity capital and improving debt markets will support a buoyant market for hotel
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January 17, 2013 - Beijing's class A office rental growth to slow to 5 percent
Outlet: China Daily European Weekly - Online
Beijing's rental growth for class A offices is expected to slow to about 5 percent in 2013, as high rents have decreased tenants' affordability dramatically over the last three years, real estate service provider Savills said in a report on Thursday.
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January 17, 2013 - Google and King's Cross Central reach agreement over King's Cross Central Development
Outlet: CoStar UK News
Google and King’s Cross Central LP have reached an agreement that Google will acquire a 2.4 acre, 1 million square foot plot, at the 67 acre King’s Cross Central development, in one of the United Kingdom's most significant occupational transactions o
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January 17, 2013 - AustralianSuper hires Shaun Manuell, Nik Kemp, Paul Keogh, Tim Kelly
Outlet: Super Review
Nik Kemp will join AustralianSuper as its senior investment manager for infrastructure after finishing his current role as director at Capella Capital.
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January 17, 2013 - BAA receives final bids for London Stansted Airport
Outlet: Telegraph.co.uk
Canada's British Colombia Investment Management Corporation has teamed up with Australian investor Macquarie to mount a $1.6 billion (£1 billion) takeover bid for Stansted airport. Final round bids for Stansted were due in on Wednesday and a deal cou
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January 17, 2013 - Land Securities closes purchase of major stake in United Kingdom leisure portfolio
Outlet: PropertyEU - Online
REIT Land Securities has completed the acquisition of a controlling stake in a fund that owns 16 entertainment and recreational properties in the United Kingdom. The investment volume for the aquisition of a 42 percent stake in the X-Leisure Unit Tru
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January 17, 2013 - Digital Realty acquires Paris data centre portfolio
Outlet: Datacentres.com
Digital Realty Trust has completed the acquisition of a three-property data centre portfolio in the Paris area, from Bouygues Telecom, France's third largest telecommunications operator, providing fixed and mobile communications and Internet services
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January 17, 2013 - Avison Young releases 2013 commercial real estate forecast for Canada and United States
Outlet: Yahoo! Finance
Stability and opportunity will drive Canada's commercial real estate markets in 2013, while select U.S. markets and sectors are poised for growth, even while caution persists, according to Avison Young's 2013 Canada , U.S. Forecast report.
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January 17, 2013 - Property concerns build for China's policymakers
Outlet: thenational.ae
China's policymakers are growing increasingly concerned about the sustainability of investment in the country's rocketing property sector. Business is booming for Beijing's estate agents — good news for property sellers like Zhang Huanhuan but a head
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January 17, 2013 - $2 billion Century Plaza Project Wins Unanimous Vote of LA City Council
Outlet: Commercial Property Executive - Online
With the final approval of the Los Angeles City Council secured, Next Century Associates is moving forward with its $2 billion plan to redevelop the historic Hyatt Regency Century Plaza Hotel and build two 46-story residential towers as part of a 1.5
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January 17, 2013 - Host Hotels announces sale of Atlanta Marriott Marquis
Outlet: eZanga (press release)
Host Hotels & Resorts has sold the 1,663-room Atlanta Marriott Marquis in Atlanta for $293 million.
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January 17, 2013 - Kennedy Wilson buys real estate portfolio for 29 U.K. assets
Outlet: Business Wire - Online
Kennedy Wilson and one of its investment partners acquired a portfolio of 29 U.K. real estate assets for approximately £63 million. The properties were purchased on an all cash basis.
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January 17, 2013 - Union Investment Institutional Property GmbH acquires Berlin apartment portfolio for $115.6 million
Outlet: GlobeSt.com
Union Investment Institutional Property GmbH, one of Europe’s major asset managers, has just snapped up three apartment blocks in Berlin, totaling 1,384 units. Calls for comment and further detail were not returned by deadline, but the total price of
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January 17, 2013 - Westfield strikes £1 billion deal to redevelop centers in Croydon
Outlet: Press Release
Croydon’s two main shopping centers will be redeveloped in a £1billion scheme. Westfield has struck a deal with Hammerson to combine the Whitgift Centre and Centrale.
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January 16, 2013 - Overseas buyers drawn to London new-build homes
Outlet: Press Release
Knight Frank’s new report, International Residential Investment in London, reveals the size of overseas investment into the London new-build sector. It also examines how the financial crisis has changed the dynamics of the market, looking particularly at the rise in investment by Asian buyers. Finally, it analyzes who is buying new-build property and why, before highlighting the potential future overseas markets for London property.
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January 16, 2013 - Cornerstone Real Estate Advisers appoints Michael Marron to senior securities analyst post
Outlet: Press Release
Cornerstone Real Estate Advisers has appointed Michael Marron as vice president--senior equity analyst for its Global Real Estate Securities operation, which manages global and domestic real estate securities strategies from offices in Stamford, Amst
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January 16, 2013 - CBRE negotiates $66 million acquisition of Tempe gateway officer tower
Outlet: AZRE: Arizona Commercial Real Estate - Online
CBRE negotiated the $66 million acquisition of Tempe Gateway, an 8-story, class A multi-tenant office building at 222 S. Mill Ave. in Tempe, Ariz.
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January 16, 2013 - Cushman & Wakefield promotes Tara Stacom to executive vice chairman
Outlet: Real Estate Weekly - Online
Cushman & Wakefield announced today that the firm has promoted Tara I. Stacom to executive vice chairman.
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January 16, 2013 - AEW Europe appoints Simon Blaxland
Outlet: Press Release
AEW Europe has further expanded its private equity platform with the appointment of Simon Blaxland as executive director.
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January 16, 2013 - Europa Capital announces promotions
Outlet: Press Release
Europa Capital has promoted Hugo Black, Jonathan Mansie, Tim Neslen, Callum Thorneycroft and Michael Abel to associate director.
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January 16, 2013 - Managerial promotions at Skanska
Outlet: Press Release
Skanska Property has made two promotions.
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January 16, 2013 - Boyer Company purchases Quester office building from Starwood Capital
Outlet: Yahoo! Finance
Cushman & Wakefield | Commerce today announced the sale of the former Quester Office Building located in downtown Salt Lake City at 200 East 100 South. The 238,000 square foot building and the 4.88 acres upon which it resides was purchased by the Boy
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January 16, 2013 - Highcross secures $280.5 million funding package
Outlet: Media Newswire - Online
Newbury-headquartered Highcross, a property fund manager specialising in property investment and development opportunities across the United Kingdom, has secured a $280.5 million (£175 million) facility from a group of four banks: Royal Bank of Scotl
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January 16, 2013 - Kilroy has new head of development
Outlet: GlobeSt.com
Kilroy Realty Corp. has promoted Justin Smart to executive vice president of development and construction services.
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January 16, 2013 - Stirling Properties and CBL & Associates Properties, Inc. to develop town center in Louisiana
Outlet: PRWeb - Online
Stirling Properties and CBL & Associates Properties, Inc. (NYSE: CBL) today announced the formation of a 35/65 joint venture to develop Fremaux Town Center in Slidell, Louisiana.
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January 16, 2013 - First State wins first Listed Infrastructure institutional mandate in Americas
Outlet: Press Release
First State Investments has been appointed for inclusion on Russell Investments’ Global Listed Infrastructure multi-manager platform and secured mandates of more than $500 million across the United States, Canada, and Australia.
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January 16, 2013 - Lennar plans $1 billion of multifamily properties
Outlet: Bloomberg Businessweek - Online
Lennar Corp. has plans to diversify into apartments with the construction of $1 billion of multifamily properties as rental demand climbs.
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January 16, 2013 - Gregory Moss named regional managing principal of Cassidy Turley in Northern California
Outlet: Yahoo! Canada
Greg Moss has been named Regional Managing Principal of Cassidy Turley in Northern California. With the promotion, Moss assumes responsibilities formerly held by Michael Kamm, who was recently named president of Cassidy Turley.
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January 16, 2013 - Madison Capital JV acquires NY Citibank portfolio for $81 million
Outlet: Commercial Property Executive - Online
Madison Capital, in a joint venture with an institutional owner, acquired a premier portfolio of five Citibank retail bank branches in the New York metropolitan area from FGP West Street for $80.55 million.
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January 16, 2013 - Newmark Grubb Knight Frank Hotels Expands With Key Hires
Outlet: PR Newswire - Online
2013 Newmark Grubb Knight Frank Hotels Expands With Key Hires NEW YORK , Jan. 16, 2013 /PRNewswire/ -- Newmark Grubb Knight Frank (NGKF), one of the world's leading global real estate advisory firms, today announced the addition of three hos
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January 16, 2013 - 637-unit apartment fetches nearly $174 million
Outlet: GlobeSt.com
Berkshire Property Advisors has purchased the Enclave Apartments for $173.75 million.
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January 16, 2013 - Avison Young acquires Houston-based Mason Partners
Outlet: PR News - Online
Todd Mason and Jeff Lindenberger join as principals at Avison Young's business-line coverage in Texas.
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January 16, 2013 - Equity infrastructure investment – the next big thing?
Outlet: aiCIO - Online
Leading European academics have begun a research initiative to examine how institutional investors could better access and benchmark equity investment in infrastructure.The Edhec-Risk Institute has launched a research chair to concentrate on an increasingly popular asset class, but using a relatively unused manner of investment.
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January 16, 2013 - Global retailers push up prime retail rents in Shanghai
Outlet: Shanghai Daily - Online
Prime retail rents in Shanghai will continue to rise moderately in 2013 despite abundant supply as demand from global retailers remains strong, real estate service providers predicted.
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January 15, 2013 - Aimco begins $140 million redevelopment
Outlet: Rentv.com
Denver-based Aimco has kicked off work on a $140 million redevelopment of Lincoln Place apartments in Venice, Calif. The redevelopment is being funded by a $190.7 million FHA insured loan from lender and servicer Red Mortgage Capital.
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January 15, 2013 - Irwin Mitchell seals hire of 14-strong DLA Manchester real estate team
Outlet: legalweek.com
Irwin Mitchell has confirmed the hire of a 14-strong team from DLA Piper's Manchester arm, following the news last year that the firm was set to take on a quartet of DLA real estate partners from the office.
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January 15, 2013 - Singapore, Hong Kong look to cool not kill property markets
Outlet: Yahoo! News
Singapore and Hong Kong now have identical 15 percent levies to slow the foreign money that has added fuel to their overheated property markets - measures that will help first-time buyers but throw the spotlight on investors' next targets. The curbs on residential real estate purchases could shift demand to retail and industrial spaces, diverting billions of dollars to those sectors as well as to housing markets in the United States, Canada, Australia and Malaysia.
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January 15, 2013 - House market continues to cool as sales slump 17.4 percent from a year ago
Outlet: Yahoo! Canada
The correction in Canada's housing market gathered momentum in December as the number of new listings slipped, prices moderated and the number of homes sold fell 17.4 per cent from a year earlier, the biggest drop-off in six months, according to The Canadian Press.
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January 15, 2013 - In New York, Brookfield paves way for office towers
Outlet: The Wall Street Journal
In the office market, demand has been sluggish in cities around the United States. But that's not stopping developers. The latest example, Brookfield Office Properties held a groundbreaking ceremony in Manhattan for a giant platform to be built over rail tracks on its 5-acre site on the far West Side.
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January 15, 2013 - American Realty to acquire Chelsea-based office building from Atlas Capital and GreenOak Real Estate
Outlet: PR Newswire - Online
American Realty Capital New York Recovery REIT has entered into a purchase and sale agreement to acquire the fee simple interest in an institutional-quality office building located in the Chelsea neighborhood of Manhattan from a joint venture between
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January 15, 2013 - City Council OKs Century Plaza hotel project
Outlet: Westwood-Century City Patch
The Los Angeles City Council on Tuesday gave the green light for a $2 billion Century City redevelopment project with the Century Plaza hotel as the cornerstone.
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January 15, 2013 - Choice Hotels adds 46 new properties
Outlet: Hotel News Resource
Lodging Choice Hotels International has added 46 hotels to its family of brands. Under an agreement reached with affiliates of Colony Capital, including Colony Financial and hospitality management company Aimbridge Hospitality, the properties will be franchised under the Quality Inn, Comfort Inn and Econo Lodge brands.
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January 15, 2013 - S. Korean investors nab Weatherford's Houston HQ
Outlet: Law360
A Principal Financial Group unit has closed on a 335,000-square-foot Houston office building that serves as the headquarters of oil and gas services company Weatherford International Ltd. on behalf of South Korean investors led by CORE Real Estate.
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January 15, 2013 - Wall Street analysts bet on real estate
Outlet: Commercial Investment Real Estate - Online
Real estate is poised to drive economic growth in 2013, with the commercial sector leading the way, according to Wall Street strategists and economists via a CNBC report.
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January 15, 2013 - Kimco Acquires Partner’s interest in Santee Trolley Square in San Diego
Outlet: Business Wire - Canada - Online
Kimco Realty Corp. has added Santee Trolley Square in suburban San Diego to its consolidated portfolio. The company acquired its institutional partner’s 50 percent ownership interest based on a gross purchase price of $98 million.
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January 15, 2013 - CITIC Capital raises $475 million for fourth fund
Outlet: Institutional Real Estate Newsline
CITIC Capital Real Estate Group has raised approximately $475 million for fourth fund.
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January 15, 2013 - The Dermot Co. appoints new senior manager
Outlet: Institutional Real Estate Newsline
Rob Kilroy has joined the Dermot Co., a New York-based multifamily developer, as one of the firm's senior managers.
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January 15, 2013 - Ivanhoé Cambridge starts construction on largest real estate project of the past five years in Chicago
Outlet: PR Newswire - Online
Ivanhoé Cambridge and co-investor and developer Hines have started of construction of River Point, a development including a 45-story office tower and a 1.5-acre public park in downtown Chicago's West Loop. The project is being developed with land partner Larry Levy.
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January 15, 2013 - Aviva Investors and Secured Capital hold final close of the oversubscribed Tokyo Recovery Fund at $300 million
Outlet: Press Release
Aviva Investors and Secured Capital Investment Management has held a final close for their Tokyo Recovery Fund. Since the fund’s first close in November 2011, which raised initial equity of $122 million, the fund has grown to $300 million, exceeding its $250 million fundraising goal.
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January 15, 2013 - Rockspring further strengthens Investor Relations Team with appointment of Allen Chilten
Outlet: Press Release
Rockspring Property Investment Managers has hired Allen Chilten as senior manager on its EMEA investor relations team. Previously, he was at Credit Suisse.
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January 15, 2013 - Sabra Health Care REIT hires Peter Nyland
Outlet: Press Release
Sabra Health Care REIT has hired Peter Nyland as senior vice president of asset management. He will oversee teh firm's asset management function.
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January 14, 2013 - Martin Brühl named head of international investment management at Union Investment Real Estate
Outlet: Press Release
Martin Brühl has been named head of international investment management at Union Investment Real Estate. Brühl will be responsible for managing the company's real estate investments in the United Kingdom, the Americas and Asia.
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January 14, 2013 - Paul Dolinoy retires from Hunt Investment Management
Outlet: Institutional Real Estate Newsline
Paul Dolinoy has retired as executive vice president and managing director of Hunt Investment Management.
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January 14, 2013 - TCRS invests $55 million in two real estate funds
Outlet: Institutional Real Estate Newsline
The $36.3 billion Tennessee Consolidated Retirement System (TCRS) has committed a total of $55 million to two separate real estate funds.
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January 14, 2013 - Kottmeier named research director for CBRE's D.C.-Baltimore region
Outlet: Citybizlist Baltimore
CBRE has hired effrey Kottmeier as research director for CBRE's D.C.-Baltimore region. In his new role, Kottmeier will focus on forecasting, trends analysis and real estate strategy.
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January 14, 2013 - Northwood Investors expands Florida Keys portfolio with investment in three hotels
Outlet: WAVE-TV - Online
Northwood Investors has recapitalized a collection of hotel properties in the Florida Keys in partnership with the original developer, Pritam Singh. The portfolio includes the Parrot Key Resort, Tranquility Bay Beach House Resort and a hotel develop
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January 14, 2013 - Aberdeen appoints Dimme Lucassen to its property multi-manager team
Outlet: Press Release
Aberdeen Asset Management has appointed Dimme Lucassan as a fund manager within the property multi-manager team.
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January 14, 2013 - USS acquires 10 Fetter Lane in the heart of Midtown
Outlet: Press Release
Universities Superannuation Scheme has purchase of 10 Fetter Lane, London EC4, from clients of Cordea Savills.
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January 14, 2013 - Rockspring and Générale Continentale Investissements acquire prime Paris office
Outlet: Press Release
Rockspring Property Investment Managers and Générale Continentale Investissements have formed a new joint venture, which has acquired a prime, central Paris office complex located at 5-7-9 rue Jacques Bingen from insurance company AG2R La Mondiale.
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January 14, 2013 - John Nelson retires from Hammerson
Outlet: Press Release
The Board of Hammerson announces that John Nelson will retire as Chairman of the company at its AGM on 9 May 2013.
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January 14, 2013 - Colliers International hires research analyst
Outlet: Idaho Business Review - Online
Colliers International, a commercial real estate firm, has hired Levi Johnson as a research analyst in the Boise office. In this position, Johnson is responsible for strategic planning, development and implementation of market research and geographic
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January 14, 2013 - PREIT sells Harrisburg retail complex
Outlet: philly.com
Pennsylvania Real Estate Investment Trust (PREIT) has completed the sale of Paxton Towne Centre in Harrisburg for $76.8 million.
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January 14, 2013 - Meridian Group says closing of new fund gives it more than $160 million to invest in D.C. area
Outlet: Virginia Business - Online
The Maryland-based Meridian Group has closed on its first real estate private equity fund, attracting more than $160 million of discretionary capital from institutional investors. With leverage, Meridian said in a statement that it has the capacity
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January 14, 2013 - BNP Paribas Real Estate appoints new Central London director
Outlet: Property Week - Online
BNP Paribas Real Estate has appointment a new director to its Central London investment team.
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January 14, 2013 - Hunt acquires $1.2 billion Tuckerman platform
Outlet: Press Release
Hunt Investment Management has acquired State Street Global Advisors' $1.2 billion multifamily fund platform, The Tuckerman Group.
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January 14, 2013 - Aberdeen appoints former Schroders property manager
Outlet: Funds Europe - Online
Aberdeen Asset Management has appointed a former Schroders property fund manager, Dimme Lucassen, to its property multi-manager team.
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January 14, 2013 - Henderson hires equity analyst for Asian team
Outlet: FTadviser.com
Henderson Global Investors has hired analyst Yan Ling Wong to join its $1billion Asia Pacific property equity team.
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January 13, 2013 - Invesco launches Asia Real Estate funds
Outlet: PrivateEquityInternational.com
Two years after Invesco acquired the Asian real estate business of AIG, the firm is raising an $800 million opportunity fund and a rare open-ended, core-focused vehicle for which it expects to attract $1 billion in five years.
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January 13, 2013 - Agree Realty Corp. names new CEO
Outlet: National Real Estate Investor - Online
Joey Agree has been named CEO of Agree Realty Corp. He will continue to serve as the company’s president and as a member of the board of directors.
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January 13, 2013 - Non-major lender to manage €380 million Irish portfolio
Outlet: Australian Broker - Online
Pepper Asset Servicing has been appointed by CarVal Investors to provide special servicing, master servicing and asset management on the €380 million Pittsburg portfolio of Irish loans CarVal investors acquired from Lloyds last month.
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January 13, 2013 - IBRC sells €176 million office block in London
Outlet: Irish Independent - Online
IBRC has purchased 1-19 Victoria Street in London for £180.5 million.
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January 12, 2013 - Forest City completes sells two assets
Outlet: pr-usa.net - Online
Forest City Enterprises has completed the disposition of two assets in non-core markets, located in Florida and California, for $163.6 million.
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January 12, 2013 - San Francisco office rents jump 27 percent in fourth quarter
Outlet: Bloomberg Businessweek - Online
San Francisco office rents jumped 27 percent in the fourth quarter from a year earlier as reduced occupancy gains signaled a market “downshift” for 2013, according to broker CBRE Group. The average rent was $48.83 a square foot, up 5.9 percent from t
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January 11, 2013 - Boutique Midtown office trades for $128 million
Outlet: GlobeSt.com
CBRE Group has completed the $128-million sale of 551 Madison Ave., a 150,000-square-foot office property, to Cornerstone Properties.
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January 11, 2013 - KingSett asks OSC to block Primaris Retail REIT unitholder rights plan
Outlet: Alaska Highway News - Online
A consortium led by KingSett Capital has requested the Ontario Securities Commission (OSC) to block a unitholder rights plan at Primaris Retail REIT, which it is trying to buy in a $4.4-billion hostile takeover. The provincial regulator has scheduled
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January 11, 2013 - Chartwell announces new name and brand logo
Outlet: Marketwire - Online
Chartwell Seniors Housing Real Estate Investment Trust has changed its name to Chartwell Retirement Residences.
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January 11, 2013 - J.P. Morgan names new managing director and client portfolio manager
Outlet: Institutional Real Estate Newsline
J.P. Morgan Asset Management - Global Real Assets has appointed John Faust as a managing director and client portfolio manager for real estate.
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January 11, 2013 - Jones Lang LaSalle appointed as international sales agent on iconic Battersea Power Station
Outlet: Press Release
Jones Lang LaSalle has been appointed as international sales agent on the iconic Battersea Power Station in London.
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January 11, 2013 - Union Investment sells office property in Seattle
Outlet: Press Release
Union Investment has sold the office and commercial property Fifth & Pine in Seattle, owned by its open-ended real estate fund UniImmo: Global, to U.S. investor Invesco Advisors. The sale price of around $70.6 million
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January 11, 2013 - Hines purchases land in Pasadena, Calif., for multifamily development
Outlet: Press Release
Hines has closed on a 3.5-acre land parcel in Pasadena, CA, for the development of a new class A for-rent residential complex. The development will include 212 residences in a four-story building above two parking levels.
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January 11, 2013 - Equity Residential affiliate sells Fort Lauderdale, Fla., apartments
Outlet: Commercial Real Estate Direct
An Equity Residential affiliate has sold the Port Royale apartment complex in Fort Lauderdale, Fla., for $117.35 million.
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January 11, 2013 - RREEF Real Estate selects CBRE to market industrial portfolio
Outlet: Press Release (pr) Distribution Service By India Prwire
CBRE has been exclusively retained by RREEF Real Estate to market the Coppell Commerce and Business Center Portfolio consisting of approximately 771,720 square feet of industrial space in six class A, state-of-the-art industrial facilities. The portf
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January 11, 2013 - Peak Corporate Network announces the appointment of Mark Nester as CFO
Outlet: PRWeb - Online
The Peak Corporate Network has appointed Mark Nester as CFO. In this role, Nester will oversee the finance, budgeting, financial reporting and analysis operations for the organization.
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January 11, 2013 - Emerald Palms apartment complex sells for $70 million
Outlet: Press Release
Forest City Residential Group has sold Emerald Palms, a 505-unit luxury garden apartment community located in southern Miami-Dade County, Fla., for $70.5 million
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January 11, 2013 - Thales HQ sold in £80 million deal
Outlet: South West Business Insider - Online
Legal & General Property has acquired Thales' U.K. headquarters, the Sapphire Campus, in Crawley for £80 million.
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January 11, 2013 - City trophy to hit the market for £140 million
Outlet: CoStar UK News
A German closed-ended fund manager is to bring the City's first major trophy asset of the year to market with a price tag of £140m, according to CoStar News.
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January 11, 2013 - Helios Europe strengthens German link with further pre-lets
Outlet: Europe Real Estate
Logistics property investor and developer Helios Europe has let a further 21,030 square meters at its €250 million Link Logistics Parks in Germany.
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January 11, 2013 - NEINVER and MAB plan to open an outlet center in The Netherlands
Outlet: Europe Real Estate
MAB Development and NEINVER are developing and operating the new outlet center in Amsterdam metropolitan region under the ‘The Style outlets’ brand.
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January 10, 2013 - Cerberus Capital buys 877 supermarkets in $3.3 billion deal
Outlet: Reuters - Online
Supervalu has struck a $3.3 billion deal to reduce its burdensome debt by selling five of its supermarket chains to an investor group led by Cerberus Capital Management.
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January 10, 2013 - Kennedy-Wilson said to acquire buildings for $100 million
Outlet: Bloomberg News - Online
Kennedy-Wilson Holdings has agreed to buy 29 office and industrial buildings in the United Kingdom for about $100 million, according to a person with knowledge of the talks.
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January 10, 2013 - Transwestern expands leadership to spearhead extension of domestic and international services
Outlet: PR Newswire
Transwestern's Houston headquarters has announced a leadership expansion featuring key executives to advance rapid growth at the commercial real estate services firm. Simultaneously, Transwestern unveiled a services expansion into Latin America.
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January 10, 2013 - Kimco Realty gets involved in Supervalu deal
Outlet: Benzinga
Kimco Realty Corp. has announced that it is a participant in Supervalu deal through its investment in a consortium led by Cerberus Capital Management.
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January 10, 2013 - Union Investment acquires residential property in Berlin from TAG Immobilien AG
Outlet: Press Release
Union Investment Institutional Property GmbH has acquired three apartment blocks located in Berlin and comprising 1,384 units for a total purchase price of €87 million.
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January 10, 2013 - Goldman, Morgan Stanley said to be near settlement on foreclosure claims
Outlet: National Mortgage News - Online
Goldman Sachs Group , Morgan Stanley and two other banks may agree as soon as this week to settle claims over botched foreclosures in an accord similar to one reached with 10 other loan servicers, two people briefed on the discussions said.
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January 10, 2013 - Shanghai's residential market driven by first-time buyers
Outlet: Yahoo! Finance Singapore
The high sales momentum in Shanghai's residential market in second quarter 2012 and third quarter 2012 continued in fourth quarter, with first-time home buyers as the main market drivers, according to Jones Lang LaSalle. Demand from first-time buyers
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January 9, 2013 - Florida's retirement fund, Butters building business park
Outlet: South Florida Business Journal - Online
Florida's retirement fund, working with L&B Realty Advisors and Butters Construction & Development, is redeveloping a Medley site into a 45-acre business park northwest of Miami International Airport.
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January 9, 2013 - U.S. malls see decline in vacancies for fifth straight quarter
Outlet: Reuters
Vacancies declined and rents rose in the fourth quarter at large regional U.S. malls, which continued to fare better than smaller strip centers burdened by a weak economy and an oversupply of space, real estate research firm Reis Inc said.
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January 9, 2013 - Incheon airport may rival Manchester in Stansted bidding
Outlet: Bloomberg News - Online
Manchester Airports Group, in the running to buy London’s Stansted hub, said it will tap relationships with carriers including Emirates and Etihad Airways to expand its customer base following any purchase.
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January 9, 2013 - Centuria buys Stockland tower in busy Sydney CBD
Outlet: Australian Financial Review - Melbourne
The 175 Castlereagh Street office complex in the Sydney CBD is being divested by listed developer Stockland for $A56 million.
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January 9, 2013 - Prologis establishes REIT in Japan
Outlet: PR Newswire
Prologis has announced it will be the sole sponsor of Nippon Prologis REIT, a Japanese real estate investment trust. Prologis will retain at least a 15 percent ownership interest in the J-REIT and contribute 12 of its class A properties in Japan.
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January 9, 2013 - Homemaker centers on sale for $200 million
Outlet: TradingCharts.com
Australian-listed real estate investment trust GPT Group is divesting $A200 million worth of bulky goods retail real estate assets in Queensland.
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January 9, 2013 - Australand door opens for GPT and rivals
Outlet: Business Spectator, The
Australand said its major shareholder, Singapore’s CapitaLand, had announced an intention to conduct a strategic review of its 59 per cent shareholding in the Australian entity. Australand’s fate is now out of its own hands and control of a highly st
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January 9, 2013 - Canadian REIT acquires $633 million of U.S. multifamily assets
Outlet: PR Newswire
Morguard North American Residential Real Estate Investment Trust has finalized two separate agreements to acquire a total of 6,474 multifamily residential units in the United States for $633 million.
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January 9, 2013 - RREEF receives approval for $2.5 billion REIT plan
Outlet: Institutional Real Estate Newsline
The Securities and Exchange Commission has approved RREEF Property Trust's registration statement pertaining to its public offering.
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January 9, 2013 - REITs post impressive returns in 2012
Outlet: Institutional Real Estate Newsline
Despite economic uncertainties characterized by a fiscal cliff and shaky global economy, REITs recorded a strong return of 19.7 percent in 2012, making it the fourth consecutive year that equity REITs have outperformed other asset classes, according
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January 9, 2013 - REVCAP extends final close date for European property fund
Outlet: Institutional Real Estate Newsline
Real Estate Venture Capital Management has extended its final close date for its second fund in a series.
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January 9, 2013 - North Carolina Retirement invests $670 million in real estate
Outlet: Institutional Real Estate Newsline
The $74.5 billion North Carolina Retirement Systems has committed $670 million to four separate real estate funds.has committed $670 million to four separate real estate funds.
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January 9, 2013 - Schroders announces first close of Core European Property Fund
Outlet: Institutional Real Estate Newsline
Schroders Property Investment management has announced the first close of the Schroder Core European Property Fund on Dec. 21, 2012.
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January 9, 2013 - Better Capital launches joint venture turnaround fund with NPRF
Outlet: Growthbusiness.co.uk
The National Pensions Reserve Fund of Ireland and turnaround private equity fund Better Capital are joining forces to back failing businesses in Ireland.
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January 9, 2013 - Worldwide Hotel transaction volume to hit $32 billion in 2013
Outlet: Hotel Online
Jones Lang LaSalle's Hotels and Hospitality experts expect worldwide hotel deal volume to reach $32 billion in 2013, as increased transparency around the world gives way to a more globalized arena for investors.
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January 9, 2013 - Blackstone rushes $2.5 billion Purchase as homes rise
Outlet: Financial Advisor - Online
Blackstone has spent more than $2.5 billion on 16,000 homes to manage as rentals, deploying capital from the $13.3 billion fund it raised last year.
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January 9, 2013 - Port of Long Beach breaks ground on billion-dollar Gerald Desmond Bridge replacement
Outlet: Daily News Los Angeles
Construction has begun on the Gerald Desmond Bridge in Long Beach, Calif.The project is expected to cost $1 billion and will see completion in about four years.
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January 9, 2013 - Health Care REIT completes acquisition of Sunrise Senior Living and sale of management company
Outlet: CNBC - Online
Health Care REIT has completed the acquisition of the Sunrise Senior Living property portfolio, the sale of the Sunrise management company, and the acceleration of all planned joint venture partne buy-outs. The company’s investment in Sunrise proper
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January 9, 2013 - Sovran Self Storage closes on $83 Million of assets, expands in Chicago
Outlet: Canadian Business - Online
Sovran Self Storage has acquired 14 self storage facilities and management contracts for two unaffiliated properties.
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January 8, 2013 - Parkway Properties acquires Charlotte's NASCAR Plaza
Outlet: RealEstateBusinessOnline
Parkway Properties has acquired NASCAR Plaza to Parkway Properties for a reported $100 million.
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January 8, 2013 - LaSalle announces $56 million commitment to Quincy Center project
Outlet: Wicked Local
LaSalle Investment Management has committed about $56 million for Merchants Row, an office, retail and residential construction project on the 1400 block of Hancock Street. The $56 million allows Quincy Center master developer Beal/Street-Works to be
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January 8, 2013 - Fortress finds bargain in non-office assets and debt in Japan
Outlet: Bloomberg News - Online
Fortress Investment Group, which raised $1.65 billion last month for its second Japan fund, plans to buy real estate debt backed by rental apartments, retail space and business hotels in the nation’s metropolitan areas.
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January 8, 2013 - Norway unveils $10 billion Arctic gas projects
Outlet: Financial Post - Online
Statoil unveiled plans to develop $10-billion worth of projects in the Arctic to extract and transport offshore natural gas.
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January 8, 2013 - Madison International raises $137.5 million for fifth fund
Outlet: Institutional Real Estate Newsline
Madison International Realty has raised approximately $137.5 million for its Madison International Real Estate Liquidity Fund V.
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January 8, 2013 - Security Properties holds final close for first fund
Outlet: Institutional Real Estate Newsline
Seattle-based Security Properties has held a $20 million final close for its debut fund, Security Properties Multifamily Fund. The fund invests in apartment properties.
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January 8, 2013 - Florida commits $400 million to real estate and infrastructure
Outlet: Institutional Real Estate Newsline
The $157 billion Florida State Board of Administration has committed $400 million to real estate and infrastructure.
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January 8, 2013 - Two main bidders for Stansted after Australasians pull out
Outlet: Telegraph.co.uk
The Australasian consortium bidding for Stansted has pulled out of the running for the Essex airport, turning the £1billion-plus bid into a likely two-horse race.
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January 8, 2013 - Borealis Infrastructure acquires Midland Cogeneration Venture
Outlet: Individual.com
Borealis Infrastructure Management, a Canada-based investment arm of the OMERS Worldwide, has acquired Midland Cogeneration Venture from EQT Infrastructure Fund and Fortistar.
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January 8, 2013 - Michael Kamm promoted to president of Cassidy Turley
Outlet: Indianapolis Business Journal - Online
Michael Kamm has been promoted to president at Cassidy Turley. Kamm also will join Cassidy Turley's Board of Directors, and he will remain based in San Francisco.
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January 8, 2013 - Jones Lang Lasalle appoints Adam Challis
Outlet: Civic & Public Building Specifier - Online
Jones Lang LaSalle has appointed Adam Challis as the firm’s new head of residential research. A key role for the firm’s U.K. business.
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January 7, 2013 - Rising rents may prod affluent U.S. city dwellers to buy homes: Reis
Outlet: Fox Business Network - Online
U.S. apartment vacancies declined and rents rose again in the fourth quarter, continuing a years-long trend that is likely to encourage more affluent renters to become home buyers this year, according to real-estate research firm Reis.
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January 7, 2013 - Jones Lang LaSalle names COO, announces retail leadership
Outlet: Chain Store Age - Online
Jones Lang LaSalle has promoted Kristin Mueller to COO. The firm also announced the establishment of new leadership roles.
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January 7, 2013 - Canadian pension funds on the prowl for infrastructure assets
Outlet: Weekend Australian, The (VIC)
Backed by a strong economy and a resource rich, strong dollar, Canada's funds are looking to diversify in safe havens. The biggest deal is the NSW government's sale of a lease on two of the largest ports in the country, Port Botany and Port Kembla, for $3 billion, which will be completed mid-year.for $3 billion, which will be completed mid-year.
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January 7, 2013 - Glimcher Realty Trust buys University Park Village for $105 million
Outlet: Benzinga
Glimcher Realty Trust has announced the acquisition of University Park Village, a premier open-air center located in Fort Worth, Texas.
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January 7, 2013 - Icade’s healthcare arm buys €280 million of assets
Outlet: PropertyEU - Online
Icade’s healthcare arm buys two portfolios valued at a total of €280 million.
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January 7, 2013 - Shorenstein completes $50 million Houston buy
Outlet: San Francisco Business Times - Online
San Francisco-based Shorenstein Properties has closed on the $50 million purchase of 800 Bell Street, a 1.2 million-square-foot office tower in downtown Houston.
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January 7, 2013 - Covenant Capital closes apartment fund
Outlet: Institutional Real Estate Letter
Covenant Capital Group has held a final close for its Covenant Apartment Fund VII with $236 million in equity commitments.
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January 7, 2013 - Fiera Axium raises $202 million for infrastructure fund
Outlet: Institutional Real Estate Letter
Canadian management firm Fiera Axium has raised $202 million for its open-end infrastructure fund, Fiera Axium Infrastructure North America.
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January 7, 2013 - Simon Mallinson appointed executive managing director at Real Capital Analytics
Outlet: Press Release
Simon Mallinson has been appointed executive managing director of Real Capital Analytics' EMEA operations.
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January 7, 2013 - PREI expands U.S. marketing team
Outlet: paidContent.org
Prudential Real Estate Investors has named Dennis Martin managing director, head of U.S. marketing.
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January 7, 2013 - GTIS Partners and Harvard Investments acquire 563 Acres of residential and commercial land in Arizona
Outlet: Business Wire - Online
GTIS Partners has purchased a 563-acre parcel of land in the Phoenix, Arizona, submarket of Mesa. The City of Mesa land, part of the former General Motors Desert Proving Grounds, was acquired from a private investor.
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January 7, 2013 - St. Modwen Properties and VINCI PLC sign contract for regeneration of new Covent Garden Market
Outlet: Press Release
St. Modwen Properties and its joint venture partner VINCI PLC have signed a contract with the Covent Garden Market Authority to be the development partner for the New Covent Garden Market site in Central London.
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January 7, 2013 - AXA Real Estate launches U.K. Long Lease Property Fund
Outlet: Press Release
AXA Real Estate Investment Managers has launched the U.K. Long Lease Property Fund, which aims to offer U.K. institutional investors, pension schemes and investment consultants a new property-based, liability matching solution with long and secure in
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January 7, 2013 - IVG reorganizes branch network in Europe
Outlet: Press Release
As part of its repositioning as an integrated investment and asset manager, IVG is reorganizing its operations in its domestic
market of Germany and in the rest of Europe.
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January 7, 2013 - Equity Residential to sell $1.5 billion in assets
Outlet: Press Release
Equity Residential has agreed to sell a portfolio of assets to a joint venture of Goldman, Sachs & Co. and Greystar Real Estate Partners for $1.5 billion.
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January 7, 2013 - Dubai real estate market witnessing selective recovery, says Jones Lang LaSalle
Outlet: Press Release
There are grounds for cautious optimism about the prospects for the Dubai real estate market in 2013 with most sectors of the Dubai market ending the year in the early upturn stage of their cycle. While the real estate sector has lagged the overall e
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January 7, 2013 - New report ranks Dubai world's strongest housing market
Outlet: AMEinfo.com
The resurgence in the Dubai property market over the past year has seen it ranked as the strongest housing market in the world, by Global Property Guide. The recently released independent report shows Dubai's residential property index jump 13.46 per
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January 6, 2013 - Patron Capital sells Olympic Park hotels for £58 million
Outlet: Property Week - Online
Patron Capital has sold its two flagship hotels at Westfield Stratford City and the Olympic Park for £58 million.
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January 6, 2013 - Green Infra seeks to raise $150 million in debt, equity
Outlet: Individual.com
Renewable energy producer Green Infra Ltd is in advanced talks with investors to raise $150 millioN and expects to close the transaction over the next 30 days.
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January 6, 2013 - Skanska awarded building contract for $213 million
Outlet: Business Wire - Canada - Online
Skanska has been awarded construction work worth $ 213 million for an existing confidential client. The project is in the western United States.
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January 6, 2013 - Wereldhave sells entire U.S. portfolio
Outlet: Press Release
Lone Star Funds and Wereldhave have reached agreement on the purchase and sale of Wereldhave's portfolio in the United States. The purchase price amounts to $720 million.
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January 4, 2013 - Mesirow Financial pays $66.3 million for Avalon at Aberdeen Station
Outlet: CoStar Group
Mesirow Financial has acquired the 290-unit Avalon at Aberdeen Station multifamily community located at 1000 Central Ave. in Matawan, N.J., from AvalonBay Communities.
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January 4, 2013 - Kennedy buys three Los Angeles-based office buildings for $78.5 million
Outlet: Zacks.com
Kennedy-Wilson Holdings has purchased three Los Angeles-based office buildings. The total purchase price of the deal was $78.5 million.
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January 4, 2013 - Inland Diversified announces $296.3 million JV acquisition
Outlet: Fort Mill Times - Online
Inland Diversified Real Estate Trust has announced today the acquisition of a majority interest in the Territory Portfolio, six grocery- or home improvement-anchored retail properties located in Las Vegas.
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January 4, 2013 - Nonfarm payroll employment rises by 155,000 in December
Outlet: Press Release
The number of unemployed persons, at 12.2 million, was little changed in December. The unemployment rate held at 7.8 percent and has been at or near that level since September.
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January 4, 2013 - European banks expected to trade some €60 billion in non-core loans in 2013
Outlet: PriceWaterHouseCoopers.com
Non-core loan portfolios with a face value of at least €60 billion are expected to be traded by European banks in 2013, as they step up their deleveraging activity, according to predictions from PricewaterhouseCoopers (PwC).
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January 4, 2013 - Legal & General forward funds university of arts student accomodation development
Outlet: Press Release
Legal & General Property has agreed to forward fund a student accommodation scheme in Finsbury Park, London, for a total consideration in excess of £57 million.
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January 4, 2013 - Merrifield Patrick Vermillion sells Honeywell building in Fort Mill for $10 million
Outlet: Mecklenburg Times - Online, The
CBRE has announced that Charlotte-based Merrifield Patrick Vermillion has sold The Honeywell Scanning and Mobile Productivity headquarters in South Carolina for $10.4 million.
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January 4, 2013 - LaSalle acquires majority interest in Liberty Hotel in Boston
Outlet: Enhanced Online News
LaSalle Hotel has acquired a majority interest in the Liberty Hotel in Boston for $170 million.
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January 4, 2013 - CBRE Group acquires commercial real estate services businesses from Resource Real Estate Partners and TPA Realty
Outlet: Press Release
CBRE Group has acquired the commercial real estate services businesses of Atlanta-based Resource Real Estate Partners, LLC and TPA Realty Services. This acquisition enhances the CBRE Group’s service offerings to clients in the metro Atlanta region.
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January 4, 2013 - AMLI buys Woodland Hills Apartments for $100 million
Outlet: GlobeSt.com
AMLI Residential has bought an apartment complex located in Woodland Hills, Calif., for approximately $100 million.
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January 4, 2013 - CDL Hospitality Trusts snags Angsana Velavaru as its first resort
Outlet: Travel Trade Gazette Asia (TTG Asia)
CDL Hospitality Trusts has entered into an agreement with Banyan Tree Holdings to acquire Angsana Velavaru in the Maldives for $71 million.
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January 3, 2013 - Lim Chow Kiat succeeds Ng Kok Song as GIC's Group CIO
Outlet: Today Online
Lim Chow Kiat succeeds Ng Kok Song as Government of Singapore Investment Corp. (GIC) Group's CIO.
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January 3, 2013 - Landmark One West Fourth building in Winston-Salem sold for $61 million
Outlet: Winston-Salem Journal
One of downtown Winston-Salem's signature buildings, One West Fourth Street, has been bought by a Connecticut private-equity group for $61.25 million.
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January 3, 2013 - MHI Hospitality Corp. announces retirement of CFO, appoints successor
Outlet: Business Wire
William Zaiser has retired as executive vice president, CFO and corporate secretary at MHI Hospitality Corp.
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January 3, 2013 - Dermot sells 14-building portfolio for $190.5 million
Outlet: Commercial Observer
Dermot Property Associates has sold a portfolio of 14 buildings in Manhattan, the Bronx and Queens for $190.5 million.
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January 3, 2013 - Simon Property Group and CalPERS affiliate IMI form joint venture
Outlet: PR Newswire - Online
Simon Property Group and a co-investment venture owned by an affiliate of Miller Capital Advisory and the California Public Employees' Retirement System have formed a joint venture to own and operate The Shops at Mission Viejo in Los Angeles.
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January 3, 2013 - Tom Bermingham joins USAA Real Estate Co.
Outlet: PR Newswire
USAA Real Estate Co. has named Thomas Bermingham as managing director of investments, overseeing acquisition, development and joint venture opportunities for USAA Real Estate Co.'s newly opened Northeast regional office, located in New York City.
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January 3, 2013 - Brookfield, Pershing Square call truce in GGP battle
Outlet: Thompson Citizen - Online
Brookfield Asset Management and Pershing Square have signed a four-year truce in their dispute over General Growth Properties, owner-operator of regional shopping malls in 41 states.
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January 3, 2013 - Brookfield raises $120 million for Brazil timber fund
Outlet: Institutional Real Estate Newsline
Toronto-based Brookfield Asset Management has raised approximately $120 million for a Brazil timber fund.
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January 3, 2013 - Crimson Real Estate Fund and USAA Real Estate Co. announce build-to-suit for TGS
Outlet: PR Newswire - Online
Crimson Real Estate Fund , and its co-investment partner, USAA Real Estate Co., have acquired eight acres of land in west Houston to build a new headquarters for TGS-Nopec Geophysical Co.
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January 3, 2013 - Inland Real Estate Corp. announces acquisition of Valparaiso Walk Shopping Center
Outlet: Business Wire
Inland Real Estate Corp. has acquired for its consolidated portfolio Valparaiso Walk, a 137,509-square-foot power center in northwestern Indiana for approximately $21.9 million.
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January 3, 2013 - Kirkland units sold for $72.2 million
Outlet: Seattle Daily Journal of Commerce - Online
The Guardian Life Insurance Co. of America bought the Avalon Juanita Village apartments for $72.2 million.
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January 2, 2013 - Parkway Properties Buys Tempe Gateway for $66.1 million
Outlet: Benzinga
Parkway Properties (NYSE: PKY) has purchased Tempe Gateway, a 264,000 square foot office tower located in the Tempe submarket of Phoenix, Ariz., for a purchase price of $66.1 million.
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January 2, 2013 - Rouse Properties closes on $96 million purchase of Mall at Turtle Creek
Outlet: Arkansas Business - Online
Rouse Properties has closed on its $96.3 million acquisition of the Mall at Turtle Creek. The deal includes an adjacent shopping center, Turtle Creek Crossing. Rouse purchased the two properties from a private partnership led by David Hocker.
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January 2, 2013 - Ventas and Atria Management to jointly own Atria Senior Living
Outlet: Business Wire
Ventas has joined with Atria Senior Living to purchase interests in Atria from Lazard Freres Real Estate Investors for $242 million.
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January 2, 2013 - Prudential Connecticut Realty names new CEO
Outlet: Inman News - Online
Candace Adams, a 26-year real estate industry veteran who had been serving as the brokerage's president, took over the CEO position from Prudential Connecticut Realty's chairman, Peter Helie.
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January 2, 2013 - Starwood Capital Group purchases office portfolio for $260.5 million
Outlet: PR Newswire
Starwood Capital Group has acquired a portfolio of nine commercial office buildings located predominantly in the Sun Belt region of the United States.
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January 2, 2013 - Thor Equities pays $277 million for first Madison Ave. property
Outlet: The Wall Street Journal
Thor Equities has purchased the block-long retail space in the former Helmsley Carlton House on Madison Avenue for $277 million.
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January 2, 2013 - Charlotte apartment complex is sold
Outlet: Charlotte Observer - Online
Heatherwood Apartment Homes has been acquired by Elco Landmark Residential. The acquisition of Heatherwood is part of a larger transaction in which Elco Landmark Residential acquired a multifamily portfolio of four properties from Alabama-based Colon
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January 2, 2013 - CLW Real Estate Services Group joins Cassidy Turley
Florida-based CLW Real Estate Services Group has joined Cassidy Turley and will operate as Cassidy Turley .
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January 2, 2013 - Potbelly Sandwich Works CEO joins Starwood board
Outlet: Directorship (NACD) - Online
Potbelly Sandwich Works CEO Aylwin Lewis has joined the Starwood Hotels & Resorts Worldwide board of directors.
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January 2, 2013 - Summit Hotel's leadership team moves to Texas
Outlet: Sioux Falls Business Journal - Online
Sioux Falls-based Summit Hotel Properties has consolidated its executive headquarters in Austin, Texas.
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January 2, 2013 - Skanska sells office complexes in Warsaw to RREEF
Outlet: Press Release
Skanska Property Poland hassold Nordea House and Green Corner office complex in the Warsaw CBD to two RREEF real estate special funds.
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January 2, 2013 - Hines' Pan-European core fund acquires Atlas House in London
Outlet: Press Release
Hines has announced that its Pan-European Core Fund has acquired Atlas House in the City of London from UBS Global Asset Management in an off-market deal.
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January 2, 2013 - Skanska sells Green Towers in Wrocław
Outlet: Press Release
Skanska Property Poland sold the fully leased Green Towers office complex in Wrocław to one of Poland’s largest financial companies for €64 million.
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January 2, 2013 - DDR Corp. names David Oakes president
Outlet: Press Release
DDR Corp. has named David Oakes president of real estate. In addition, Oakes will continue as CFO of DDR.
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January 2, 2013 - BGC Partners acquires Frederick Ross Co.
Outlet: PRNewswire
BGC Partners has acquired Frederick Ross Co. in Denver. Financial details of the transaction were not disclosed.
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January 2, 2013 - DRC Capital starts raising for £500 million mezzanine fund
Outlet: CoStar UK News
DRC Capital, a European mezzanine lender, has plans to raise around £500 million in the first half of this year for its European Real Estate Debt Fund II.
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December 31, 2012 - RDIF and State Bank of India agree to invest $2 billion in joint ventures
Outlet: The Indian Express
The Russian Direct Investment Fund (RDIF), a Russian government-promoted sovereign wealth fund, and State Bank of India (SBI) have created a new co-investment consortium in order to expand bilateral economic cooperation.
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December 31, 2012 - Nakheel awards $136 million in contracts for villa project
Outlet: Gulfbase.com
Property developer Nakheel has awarded contracts worth $ 136 million to two local construction firms for a luxury villa project.
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December 28, 2012 - CBRE Global Investors completes aquisition of Knight-Ridder building
Outlet: Silicon Valley/San Jose Business Journal - Online
The Knight-Ridder building has been sold to CBRE Global Investors.
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December 28, 2012 - Booming Philippine real estate sector
Outlet: Manila Bulletin - Online
Property specialists see that the strong remittances sent home by overseas Filipino workers and the booming business process outsourcing industry, complemented by a healthy investment climate and low interest rates, will remain the drivers of the Philippines real estate sector in 2013.
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December 28, 2012 - CoStar's People of Note (Dec. 23-29)
Outlet: CoStar Group
CoStar's People of Note reports announced personnel moves in Stribling & Associates, LANE4 Property Group, Cushman & Wakefield | Thalhimer and Lightstone Group.
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December 28, 2012 - SEB ImmoInvest sells Maritim Hotel Berlin
Outlet: Press Release
SEB Asset Management has sold Maritim Hotel in Berlin at Stauffenbergstrasse 26.
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December 28, 2012 - LAFPP invests $90 million in two real estate funds
Outlet: Institutional Real Estate Newsline
The $14.2 billion Los Angeles Fire and Police Pensions (LAFPP) has invested $90 million in two funds.
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December 28, 2012 - Indiana Retirement System commits $75 million to Stockbridge Fund
Outlet: Institutional Real Estate Newsline
The $26.6 billion Indiana Public Retirement System (INPRS) has committed $75 million to Stockbridge Smart Markets Fund, managed by Stockbridge Capital Group.
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December 28, 2012 - Texas TRS invests in AEW Senior Housing fund
Outlet: Institutional Real Estate Newsline
The $110 billion Teacher Retirement System of Texas (TRS) has committed $100 million to AEW Senior Housing.
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December 28, 2012 - Elco Landmark and Timbercreek joint venture acquires multifamily portfolio
Outlet: Webnewswire.com/
Landmark Residential with its joint venture partner Timbercreek Asset Management has acquired a portfolio of four multifamily properties from Colonial Properties Trust.
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December 27, 2012 - Ashford Hospitality Trust appoints Archie Bennett, Jr. as chairman Emeritus and Monty Bennett as chairman of the board
Outlet: PR Newswire
Ashford Hospitality Trust has announced that Chairman Archie Bennett, Jr. will retire on his 75th birthday.
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December 27, 2012 - Prologis announces executive management transition
Outlet: PR Newswire
Prologis (NYSE: PLD) has announced that Walter Rakowich, co-CEO and member of the executive committee on the board of directors, will retire from both positions.
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December 27, 2012 - Hansteen acquires £60 million U.K. industrial portfolio
Outlet: Press Release
Hansteen has exchanged contracts with The Industrial Trust to acquire a portfolio of multi-let industrial estates for £60 million.
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December 27, 2012 - Starwood European Real Estate Finance announces first investment
Outlet: Press Release
Starwood European Real Estate Finance together with Starwood Property Trust has acted as one of the three partners for the £147 million mezzanine component of the £547 million refinancing of Maybourne Hotel Group.
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December 27, 2012 - Hotels doing well in Vietnam despite sell-offs
Outlet: Youth
Vietnam’s hotel industry is in good health and set to keep growing despite recent moves by several investors to pull out of major properties, experts say.
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December 26, 2012 - DivcoWest and TPG Real Estate complete Mission West asset acquisition
Outlet: Yahoo! News
A partnership of San Francisco-based DivcoWest and affiliates of TPG Real Estate has completed its purchase of the majority of the assets in a Silicon Valley portfolio owned by Mission West Properties.
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December 26, 2012 - RKF, Ackman-Ziff close record $139 million retail sale
Outlet: Real Estate Weekly - Online
Home » Deals & Dealmakers RKF, in conjunction with The Ackman-Ziff Real Estate Group, has completed the $139 million sale of a 53,260-square-foot primarily retail portfolio in South Beach. RKF and Ziff represented the seller, South Beach Tristar Capital.
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December 26, 2012 - Starwood Energy launches billion-dollar infrastructure fund
Outlet: Institutional Real Estate Newsline
Starwood Energy Group Global, a Greenwich, Conn.-based private investment firm focused on energy infrastructure projects, has launched a second energy infrastructure fund.
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December 25, 2012 - Singapore’s infrastructure ranked best in the world
Outlet: PRWeb - Online
Singapore has the best infrastructure among the world’s top cities. This is according to the 2012 Mercer Quality of Living study, which separately ranked global cities with the best infrastructure for the first time this year.
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December 24, 2012 - Infrastructure reigns as Ontario's top 2012 story
Outlet: Daily Commercial News - Online
Infrastructure was once again the story of the year for the Ontario construction industry.
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December 24, 2012 - CBRE Global Investors buys major logistics center in Warsaw
Outlet: Warsaw Business Journal - Online
CBRE Global Investors buys major logistics center in Warsaw.
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December 24, 2012 - Chevron subsidiary buys 50 percent stake in Canadian Kitimat LNG project
Outlet: BangkokNews.net
Chevron Corp. has acquired a 50 percent stake in Kitimat liquefied natural gas project and proposed Pacific Trail Pipelin, and a 50 percent interest in approximately 644,000 acres of petroleum and natural gas rights in the Horn River and Liard Basins
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December 24, 2012 - London close: FTSE ends half-day session with small gains Posted on: 24 Dec 2012 by Polly York
Outlet: IFA Magazine - Online
...set to drop one per cent in the coming year. According to Hometrack, families facing financial woes will become increasingly reluctant to add to their debt levels and this will in turn affect house sales. Hometrack’s monthly data report has rev
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December 24, 2012 - Buzz Stocks: Yum! Brands, Zynga, Microsoft, and Blackstone
Outlet: SchaeffersResearch.com
...company reduced its wosrkforce by 5% and warned of the potential shutdown of some international operations. (TechCrunch) A group of Asian investors -- including China's sovereign wealth fund -- is looking to purchase the London office campus
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December 23, 2012 - Cushman & Wakefield releases 2013 office outlook
Outlet: Individual.com
While the first half of 2013 is expected to remain stable for office space demand across the country, positive demand conditions will resume towards the second half of 2013, according to the 2013 Office Outlook, released by Cushman & Wakefield.
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December 23, 2012 - Alony Hetz to invest $300 million in Washington, D.C., properties
Outlet: Globes Online
Alony Hetz Property and Investments Ltd. has signed a non-binding term sheet to invest in Carr Properties Inc., an income-producing real estate development and management company in the greater Washington, D.C., area.
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December 23, 2012 - China's CIC Vies to buy £800 million office campus
Outlet: NASDAQ
China's sovereign wealth fund is among a trio of Asian investors vying to buy an £800-million London office campus from Blackstone Group.
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December 23, 2012 - Real estate sector likely to revive in 2013
Outlet: Financial Chronicle - Online
After a long lull, the year 2013 is expected to bring back hopes of growth to the real estate sector, mainly due to the government's positive approach towards reforms and moderation of interest rates, experts say.
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December 22, 2012 - Carlyle joins KKR in Europe infrastructure push: Credit Markets
Outlet: Bloomberg Businessweek - Online
Money managers from Carlyle Group to KKR & Co. are setting up funds that will allow their investors to take advantage of Europe’s $600 billion plan to build its way out of a recession.
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December 21, 2012 - Buchanan to invest $100 million in Phoenix
Outlet: GlobeSt.com
As part of a plan to invest more than $100 million in Phoenix-area property over the next year, Buchanan Street Partners has purchased a 66,800-square-foot office/flex building at 8388 E. Hartford Dr. in Scottsdale from H-B Perimeter.
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December 21, 2012 - Forest City, Arizona State Retirement System launch $400 million fund for multifamily development
Outlet: PR Newswire
Forest City Enterprises and the Arizona State Retirement System have created a strategic capital partnership and a $400 million equity fund that will invest in multifamily development projects primarily in five core markets: New York City, Washington
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December 21, 2012 - GPT strikes $85 million toll deal
Outlet: The Australian
GPT Property Group will develop a new $84.6 million logistics facility in Brisbane's southeastern suburbs after striking a deal with transport giant Toll Group.
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December 21, 2012 - Harrison Street launches fourth opportunistic fund
Outlet: Institutional Real Estate Newsline
Harrison Street Real Estate Capital has launched a fourth fund for its opportunistic Harrison Street Real Estate Partners fund series.
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December 21, 2012 - German investment fund pays $86.4 million for 2175 K St. NW
Outlet: Washington Business Journal - Online
A fund managed by Deka Immobilien has acquired 2175 K St. NW for $86.4 million.
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December 21, 2012 - Stake in Times Square space fetches $100 million
Outlet: KFSN-TV - Online (press release)
Walton Street Capital has sold its majority stake in the retail condominium at 1466 Broadway for over $100 million.
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December 21, 2012 - Ashford Hospitality Trust And Prudential Real Estate Investors complete $103 million financing on hotel
Outlet: PRNewswire
Ashford Hospitality Trust, along with its joint venture partner, Prudential Real Estate Investors, has closed a $103.0 million loan secured by the Hilton Boston Back Bay Hotel in Boston.
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December 21, 2012 - Buyer to pay $275 million for Congress Plaza
Outlet: Crain's Chicago Business
A joint venture of two New York-based investment firms has agreed to pay $275 million for the Congress Plaza Hotel.
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December 21, 2012 - BTB's total asset value grows to $500 million following its acquisition of three properties
Outlet: PR Newswire - Online
BTB Real Estate Investment Trust has closed the acquisition of one office property in the City of Ottawa, Ontario, and two retail and office properties in the Cities of Dollard-des-Ormeaux, Montreal, and Saint-Jean-sur-Richelieu, province of Québec,
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December 21, 2012 - Brookfield Completes $886 Million Acquisition of Verde Realty
Outlet: Sys-Con Deutschland
Brookfield has closed the acquisition of a majority ownership position in Verde Realty
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December 21, 2012 - School Construction Authority pays $76.4 million for New York by Gehry school building
Outlet: The Real Deal
New York City School Construction Authority has purchased the first five stories of New York by Gehry for a shade over $76 million.
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December 21, 2012 - One Kendall Square office for sale with $360 million price tag
Outlet: The Boston Globe
The owners of the One Kendall Square office, retail, and cinema complex in Cambridge are putting the property up for sale, seeking to cash in on rising demand for real estate in the fast-growing district.Beal Cos. and Rockwood Capital are hoping to get upward of $360 million for the nine-building complex.
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December 21, 2012 - Taubman Centers boosts stake in Florida retail developments for $514.6 million
Outlet: Crains Detroit
Taubman Centers has increased its stake in two Florida retail developments for a combined $514.6 million.
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December 21, 2012 - Bronx, N.Y., affordable-apartment property fetches $137.2 million
Outlet: Commercial Real Estate Direct
An affiliate of Omni New York LLC has paid $137.2 million for an apartment complex in Bronx, N.Y.
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December 21, 2012 - BU confirms sale of Hotel Commonwealth for $79 million
Outlet: Boston Herald
Boston University (BU) confirmed today its sale of Hotel Commonwealth in Boston’s Kenmore Square for $79 million.
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December 21, 2012 - EQT Infrastructure II to acquire Westway Group
Outlet: iStockAnalyst
EQT Infrastructure II has agreed to launch a public tender offer to acquire premier provider of bulk liquid storage Westway Group for approximately $419 million.
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December 21, 2012 - Clarion Partners buys six office properties In Boston’s Seaport District For $129.3 million
Outlet: Banker & Tradesman - Online
Clarion Partners LLC has purchased a six-property, 407,458-square-foot office portfolio in Boston's Seaport District for $129.3 million.
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December 21, 2012 - Nearly 400 multifamily units sold in Lancaster County for $28.2 million
Outlet: Central Penn Business Journal - Online
A portfolio of three multifamily properties in Lancaster County, totaling 387 units, recently sold for $28.2 million, according to California-based Marcus & Millichap Real Estate Investment Services, the firm who arranged the sale.
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December 21, 2012 - TIAA-CREF Invests with Forest City Ratner Cos. and the INDURE Fund
Outlet: Individual.com
TIAA-CREF has acquired a 49 percent equity ownership in the residential portion of New York by Gehry at Eight Spruce Street.
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December 20, 2012 - Kennedy Wilson closes Ruby portfolio for £62.75 million
Outlet: CoStar UK News
Kennedy Wilson has completed the purchase of the Ruby portfolio for a final price of £62.75 million.
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December 20, 2012 - Goodman Group acquires second portfolio with Malaysia's EPF
Outlet: Press Release
Goodman Group and Malaysia’s Employees Provident Fund (EPF) have further expansion of their relationship announced in June 2012, with the acquisition of a second high quality Australian logistics portfolio.
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December 20, 2012 - Private equity fund exits in real estate fall in 2012
Outlet: Livemint.com
Private equity fund exits in the real estate space have fallen sharply this year compared with 2011, with limited liquidity in the market, a falling trend in property sales and some funds willing to wait for better returns.
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December 20, 2012 - Peoples Natural Gas announces agreement to buy Equitable Gas Co.
Outlet: Associated Press (AP)
Peoples Natural Gas has announced an agreement with EQT Corp. that will enhance each company's core business and build the best future for the Pittsburgh-based companies' customers.
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December 20, 2012 - Tennessee Pension Fund buys 343 Sansome
Outlet: Registry - Online, The
Nashville-based Tennessee Consolidated Retirement System has paid $105.75 million to acquire the 260,000-square-foot 343 Sansome office building in downtown San Francisco.
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December 20, 2012 - Norway Oil Fund Buys $1.6 billion stake in industrial real estate portfolio
Outlet: Fox Business Network - Online
Norway's sovereign-wealth fund has made another investment in property, buying a half share in a portfolio of industrial properties from Prologis.
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December 20, 2012 - Dexus buys more Sydney properties
Outlet: Ninemsn - Finance
Dexus Property Group has spent $504 million to take part ownership in several major Sydney office properties.
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December 20, 2012 - Westcore Properties and DRA Advisors close $600 million industrial acquisition
Outlet: Individual.com
Westcore Properties has increased its U.S. commercial real estate holdings to more than 24 million square feet with its purchase of an 11.1-million-square-foot industrial portfolio in California and the Midwest from the Joe Benvenuti Co.
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December 20, 2012 - DiamondRock closes $74 million secured financing on The Westin Washington D.C. City Center Hotel
Outlet: WAVE-TV - Online
DiamondRock Hospitality Co. has closed on a $74 million loan secured by a mortgage on its Westin Washington D.C. City Center hotel. The loan bears interest at a fixed rate of 3.99 percent and has a term of 10 years.
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December 20, 2012 - Kennedy Wilson acquires secured €120 million loan in Dublin
Outlet: StreetInsider.com
Kennedy Wilson and one of its investment partners have acquired a loan with an unpaid principal balance of €120 million.
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December 20, 2012 - Terranova/Acadia team completes $139 Million Lincoln Road buy
Outlet: Individual.com
In the largest Florida retail acquisition of 2012, affiliates of Terranova Corp. and Acadia Realty Trust have acquired a $139 million, three building portfolio on Lincoln Road in Miami Beach.
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December 20, 2012 - AXA Real Estate sells 8 Place Vendôme for €135 million
Outlet: Press Release
AXA Real Estate Investment Managers has reached an agreement to sell the prime office and retail property 8 Place Vendôme to a wholly owned indirect subsidiary of the State Oil Fund of Azerbaijan for €135 million.
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December 20, 2012 - PATRIZA acquires Tamar Capital Group
Outlet: Press Release
PATRIZIA Immobilien AG has signed a contract to acquire Tamar Capital Group.
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December 20, 2012 - IVG sells office property in Budapest Infopark
Outlet: Press Release
IVG has sold the last of the six office properties in total it developed in Budapest’s Infopark.
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December 20, 2012 - Union Investment sells Chilean property portfolio
Outlet: Press Release
Union Investment has disposed of its Latin American sub-portfolio. The fund's Chilean portfolio, consisting of five office properties, was sold for some €171 million.
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December 20, 2012 - Fortress close Fortress Japan Opportunity Fund II
Outlet: Individual.com
Fortress Investment Group has held a final close for its Fortress Japan Opportunity Fund II with approximately $1.65 billion in equity commitments.
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December 20, 2012 - Virginia reaches financial close on U.S. 460 construction project
Outlet: Daily Press - Online, The
State officials has signed a comprehensive financial agreement with a private construction consortium Thursday that frees up funds to begin work on a new U.S. 460. The deal marks financial close on the $1.4 billion project between the state, US 460 M
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December 20, 2012 - Sabeer Bhatia launches new IT venture for US real estate
Outlet: Financial Chronicle - Online
Hotmail founder Sabeer Bhatia announced the launch of his new company under the name AMP Technologies, which will specialize in products and services for the U.S. commercial real estate industry.
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December 20, 2012 - Prudential Capital Partners raises $1.15 billion for its fourth mezzanine fund
Outlet: Business Wire - Online
Prudential Capital Partners has raised $1.15 billion for its fourth mezzanine fund, Prudential Capital Partners IV, exceeding its $1 billion fund raising target and bringing to more than $3.5 billion the amount raised since 2000.
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December 20, 2012 - Transwestern hires Peter Marcin and Matt Lynch
Outlet: iStockAnalyst
Transwestern has expanded its Mid-Atlantic service offering with the addition of a Government Services team. Peter Marcin and Matt Lynch, veterans in the GSA and private sector, will serve as leaders of the Government Services Group based in Washingt
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December 20, 2012 - Canada among most desirable destinations by both local and foreign real estate investors
Outlet: Building - Online
As the global economy is plowing through challenges and uncertainties still lingering from the last recession, Canadian commercial real estate investors are optimistic about market conditions, yet somewhat cautious about taking on more risk, accordin
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December 20, 2012 - LIG Assets partners with hedge fund to buy commercial real estate
Outlet: Dallas Business Journal
Dallas-based LIG Assets Inc. has partnered with Texas Real Estate Hedge Fund LP to invest, acquire, manage and finance commercial real estate properties priced between $5 million to $100 million.
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December 20, 2012 - Sutton and Sitt partner to buy 529 Broadway for about $150 MILLION
Outlet: Real Deal, The
Two of the city’s most active retail investors, Jeff Sutton and Joseph Sitt, have partnered to buy 529 Broadway, a centrally located commercial property in Soho, for about $150 million.
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December 20, 2012 - Behringer Harvard shops office complex in Burlington
Outlet: Boston Business Journal
Behringer Harvard, a commercial real estate investor based in Texas, has tapped the capital markets team at Cushman & Wakefield to sell a 270,000-square-foot office complex along Wayside drive in Burlington.
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December 20, 2012 - LaSalle Investment to pay $190 million for Onterie Center
Outlet: Chicago Business Journal
LaSalle Investment Management has agreed to buy Onterie Center, a 60-story apartment tower in Streeterville, for about $190 million.
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December 20, 2012 - Transwestern expands southeast region with addition of veteran Bo Jackson as managing director
Outlet: PR Newswire - Online
Bo Jackson has joined Transwestern as managing director and partner. He will be based in the Atlanta office.
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December 20, 2012 - Partners Group gathers $500 million for two real estate funds
Outlet: Press Release
Partners Group, the global private markets investment manager, has seen continued demand from clients for its private real estate programs, closing both Direct Real Estate 2011 as well as Asia-Pacific Real Estate 2011 in fourth quarter 2012. Combined
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December 19, 2012 - Dexus sells U.S. industrial portfolio for $561 million
Outlet: Press Release
Dexus Property Group has announced the sale of the majority of its US industrial portfolio at a significant premium to prior book value. In two separate transactions, 26 of 27 U.S. properties have been sold, comprising 23 U.S. industrial properties a
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December 19, 2012 - DLF to sell Amanresorts to founder for $300 million
Outlet: Economic Times - Mumbai Edition, The
DLF, India-based real estate company, will sell super-luxury hotel chain Amanresorts back to its founder Adrian Zecha for $300 million.
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December 19, 2012 - Liberty acquires $74 million in industrial buildings
Outlet: Tampa Bay Business Journal - Online
Liberty Property Trust has completed a $74 million transaction to acquire 12 industrial properties in Tampa and Lakeland, totaling about 1.2 million square feet.
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December 19, 2012 - Taubman buys additional interests in International Plaza and Waterside Shops
Outlet: PR Newswire - Online
Taubman Centers has announced the acquisition of an additional 49.9 percent interest in International Plaza and an agreement to acquire an additional 25 percent interest in Waterside Shops.
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December 19, 2012 - Take advantage In Europe with core real estate investment, says Lasalle
Outlet: Civic & Public Building Specifier - Online
Real estate investors will continue to encounter low interest rates, muted inflation and sluggish growth in most of the world’s major real estate markets for at least the next couple of years according to the 2013 LaSalle Investment Management Invest
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December 19, 2012 - E.ON forms joint venture with EQT Infrastructure
Outlet: WebWire - Online
E.ON has signed agreements to form a joint venture with EQT Infrastructure II, a fund focusing on developing operational infrastructure companies and part of EQT, a Sweden based private equity group.
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December 19, 2012 - Hines/Oaktree buy Irvine Corporate Center from SunAmerica
Outlet: Press Release
Hines and a subsidiary of a real estate fund managed by Oaktree Capital Management have acquired Irvine Corporate Center, an office building within the Irvine Business Complex, from Sunamerica Life Insurance Co.
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December 19, 2012 - Harvard sells Arsenal St. Complex in Boston to Athenahealth
Outlet: CoStar Group
Harvard University agreed to sell Arsenal on the Charles, an 11-building complex on Arsenal Street in Boston’s Waltham/Watertown submarket, to local health care IT firm Athenahealth.
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December 19, 2012 - Union Investment acquires “Motel One” in Amster-dam from COD
Outlet: Press Release
Union Investment has signed a turnkey purchase contract for the first hotel operated by Motel One in Amsterdam.
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December 19, 2012 - Chartwell announces termination of the agreement to sell six of Its U.S. properties
Outlet: PR Inside
Chartwell Seniors Housing Real Estate Investment Trust has terminated its agreement to sell its 100 percent ownership in six U.S. properties aggregating 1,221 independent living suites located in Michigan, Tennessee, Oklahoma, Alabama and Ohio to Har
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December 19, 2012 - W.P. Carey affiliate buys four self-storage properties in Western Texas
Outlet: iStockAnalyst
W.P. Carey has acquired four self storage facilities in western Texas for about $33 million.
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December 19, 2012 - Eagle Rock raises $114 million
Outlet: Institutional Real Estate Newsline
UOB Eagle Rock Multifamily Property Fund, a core-plus multifamily fund managed by New York City–based real estate manager Eagle Rock Advisors, has raised approximately $114.6 million.
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December 18, 2012 - Canada Pension Plan Investment Board signs agreement to acquire 50 percent of Swedish shopping center
Outlet: Marketwire
Canada Pension Plan Investment Board has signed an agreement to jointly acquire Kista Galleria Shopping Center in Stockholm, Sweden alongside Citycon Oyj, a major owner and operator of shopping centers in the Nordic and Baltic countries.
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December 18, 2012 - Rayonier spends $88 million on 62,000 acres in Texas
Outlet: Big News Network
Rayonier has bought 62,600 acres of timberlands in East Texas from a private ownership group for $88 million, the Florida Times-Union reports.
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December 18, 2012 - Ivanhoe Cambridge signs exclusivity on Areva HQ
Outlet: PropertyEU - Online
Canadian property group Ivanhoe Cambridge has entered into exclusive talks with Groupe Industriel Marcel Dassault on the sale of an office property in Paris.
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December 18, 2012 - BlackRock buys U.K. property funds from Deutsche Bank’s RREEF
Outlet: Bloomberg News - Online
BlackRock has agreed to buy U.K. property funds run by Deutsche Bank AG (DBK)’s RREEF real estate affiliate.
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December 18, 2012 - Sun Communities buys 11 Morgan RV Resorts
Outlet: RV Business - Online
Sun Communities Operating Limited Partnership (SCOLP), the primary operating subsidiary of Sun Communities and newly formed wholly owned subsidiaries of SCOLP, has entered into an agreement to purchase 11 Morgan RV resorts for $135 million.
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December 18, 2012 - LTC acquires six properties for $94 million
Outlet: San Fernando Valley Business Journal - Online
LTC Properties has purchased six additional properties for $94 million.
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December 18, 2012 - Natixis lends $109 million for Manhattan Residential Development
Outlet: Commercial Real Estate Direct
Natixis Real Estate Capital has provided $109 million of mortgage financing against a proposed residential high-rise in Manhattan.
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December 18, 2012 - China’s real estate strong but not overheated
Outlet: Daily Herald - Online (press release)
China’s Real EstateChina is beginning to show renewed growth.
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December 18, 2012 - Dubai property review 2012: Investors flock back to market
Outlet: AME Info
This was an eventful year for Dubai's real estate market as a measure of confidence emerged in the sector for the first time since the emirate's property bubble burst in 2008. Momentum in the market had been slowly building at the tail end of last ye
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December 18, 2012 - GI Partners announces acquisition of Liberty Park at Tysons
Outlet: PR Newswire - Online
GI Partners has acquired Liberty Park at Tysons, a 225,038 square foot mission critical data center and office property located in Vienna, Va. The acquisition was made through TechCore, a $500 million discretionary core real estate fund launched earl
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December 17, 2012 - Kilroy sells off entire industrial portfolio to TIAA-CREF and LBA
Outlet: Rentv.com
Kilroy Realty Corp. has sold off its entire industrial portfolio along with two smaller office projects, totaling roughly 3.7 million square feet. The 44 SoCal properties sold for $355 million and were sold in two tranches to two institutional buyer.
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December 17, 2012 - Vincent Schettler joins Colliers International as senior vice president
Outlet: Nevada Business Magazine - Online
Colliers International has hired Vincent Schettler as a senior vice president within the company’s land division. He will be based in Las Vegas.
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December 17, 2012 - Kilroy Realty closes $355 million portfolio sale
Outlet: RTTNews.com
Kilroy Realty Corp. has closed the disposition of its entire industrial portfolio and two small office projects, which in aggregate total approximately 3.7 million square feet.
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December 17, 2012 - Cabot expands Columbus portfolio by buying Ceva Logistics warehouse
Outlet: Business FIrst
An affiliate of Boston-based Cabot paid $13.65 million to an affiliate of Boston-based Trident on Dec. 4 for the 509,000-square-foot property located in Columbus.
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December 17, 2012 - ARC Properties, ARCT III will join in $3 billion merger
Outlet: PR Newswire
American Realty Capital Properties (ARCP) and American Realty Capital Trust III have announced they have signed a definitive merger agreement under which ARCP will acquire all of the outstanding shares of ARCT III in a transaction that would result i
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December 17, 2012 - RREEF Real Estate sells 78 St. James’s SW1, London
Outlet: Press Release
RREEF Real Estate has sold 78 St James’s, an office property located in London’s West End, on behalf of its German open-ended real estate fund, grundbesitz europa, for £177 million.
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December 17, 2012 - Saxo Bank directors take over Saxo Properties
Outlet: Press Release
Saxo Bank’s Chief Executive Directors, Eric Rylberg and Karsten Poulsen, have bought Saxo Properties A/S in a management buy-out.
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December 17, 2012 - M&G Property buys Chiswick Green
Outlet: Press Release
The M&G Property Portfolio has acquired a commercial property development in Chiswick Green, West London from BAM Properties for £47.7 million.
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December 17, 2012 - Healthcare Trust appoints Susan Dorr regional vice president
Outlet: PR Newswire - Online
Healthcare Trust of America has appointed Susan Dorr as regional vice president of southeast region.
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December 17, 2012 - TerraCap Partners acquires office building in North Ft. Myers, Fla.
Outlet: Individual.com
TerraCap Partners is pleased to announce it has acquired a 10,000 square-foot office building located near the corner of U.S. 41 and Hancock Bridge Parkway in North Fort Myers, Fla.
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December 17, 2012 - C&W hires DB executive to head German operations
Outlet: PropertyEU - Online
Cushman & Wakefield has hired Deutsche Bank's head of commercial real estate Frank Nickel as a partner and managing director of its operations in Germany.
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December 17, 2012 - RREEF sells London office for £177 million
Outlet: Property Mall
RREEF Real Estate fund Grundbesitz Europa has sold a St James's Street office in London's West End for around €218.89 million.
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December 16, 2012 - CBRE arranges $212 million in financing for Virginia office complex
Outlet: Commercial Property Executive - Online
CBRE Capital Markets has announced it arranged $212 million in financing for Metro Park, a trophy-class office portfolio in Alexandria, Va. CBRE worked exclusively on behalf of Clarion Partners.
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December 16, 2012 - UE to buy 79 Anson Rd for S$410 million
Outlet: Business Times - Online, The
United Engineers Ltd has reported its wholly-owned subsidiary United Engineers Developments has entered into a sale and purchase agreement to purchase the commercial property on 79 Anson Road for S$410 million.
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December 16, 2012 - San Francisco office costs see steepest rise in the world
Outlet: Financial Chronicle - Online
The cost of occupying office space in San Francisco soared the most of any market in the world as technology companies such as Salesforce.com and Mozilla fueled leasing in the city, according to broker CBRE Group.
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December 16, 2012 - Mesa West provides $32.25 million loan for Manhattan apartment
Outlet: CityBizList
Mesa West Capital has provided Benchmark Real Estate Group with $32.25 million in first mortgage debt for its acquisition of apartment building at 320 East 22nd Street on the East Side.
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December 14, 2012 - Fiera Axium holds initial close on Fund II, opens U.S. office
Outlet: peHUB
Toronto-based Fiera Axium Infrastructure announced the first closing of its latest partnership, Fiera Axium Infrastructure North America, totaling C$200 million.
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December 14, 2012 - Investment sales of property reach $28.7 billion this year
Outlet: Asiaone.com
Investment sales of property - which refer to transactions of $10 million and above - have fallen to about $6.9 billion so far this quarter (up to Dec 11), from the $9.3 billion in third quarter 2012, estimates Savills Singapore.
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December 14, 2012 - Australand rejects GPT Group bid for $2.4 billion division
Outlet: Malaysia News.net
Australand Property Group rejected an unsolicited offer from larger rival GPT Group to buy its most valuable assets, including the US$2.4bil investment property portfolio, saying it did not provide a sufficient premium.
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December 14, 2012 - Art deco Beekman Tower Hotel fetches $85 million
Outlet: Crain's New York Business - Online
A partnership between Silverstein Properties, Fisher Brothers and Capstone Equities has purchased the Beekman Tower Hotel just north of First Avenue for approximately $85 million.
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December 14, 2012 - J.P. Morgan lends $200 million for Gramercy team's portfolio purchase
Outlet: Commercial Real Estate Direct
J.P. Morgan Chase Bank has provided $200 million of financing to a venture of Gramercy Capital Corp. and Garrison Investment Group.
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December 14, 2012 - TIAA-CREF sells two Maryland industrial buildings for $77.5 million
Outlet: Commercial Real Estate Direct
A venture of Hillwood Investment Properties and Brookfield Asset Management has paid $77.5 million for two industrial properties.
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December 14, 2012 - $96.7 million loan against N.J. office building defaults at maturity
Outlet: Commercial Real Estate Direct
A $96.7 million loan against the 418,026-square-foot One Newark Center in downtown Newark, N.J., defaulted when it matured Dec. 1.
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December 14, 2012 - Primaris CEO fights back against bid
Outlet: Business News Network - Online
Primaris Retail REIT chief executive John Morrison has a sharp warning for the management team at KingSett Capital led consortium after it launched a $4.4-billion-takeover bid for the company.
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December 14, 2012 - PSERS commits $150 Million to debt funds
Outlet: Institutional Real Estate Newsline
The $51 billion Pennsylvania Public School Employees' Retirement System (PSERS) has committed $75 million each to LEM Real Estate High-Yield Debt and Preferred Equity Fund III and Latitude Management Real Estate Capital III.
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December 14, 2012 - CBRE forecasts uptick in industrial space demand and rents
Outlet: Institutional Real Estate Newsline
The U.S. industrial real estate market is still recovering from the economic downturn, but growth in technology, domestic energy and global trade will help encourage demand in the warehouse and distribution sectors, CBRE Group forecasts.
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December 14, 2012 - Transwestern welcomes new EVP in Chicago
Outlet: nreionline.com
Michael Lirtzman joined Transwestern as executive vice president and leader of the Chicago office agency leasing team.
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December 14, 2012 - Macquarie launches $1.15 billion real estate trust on Mexican Exchange
Outlet: Fox Business Network - Online
Macquarie Group's Mexican real estate arm launched a $1.15 billion real estate investment trust on the Mexican stock exchange Friday, pricing shares in the trust at 25 pesos ($1.96). In a filing with the local exchange, Macquarie Mexico Real Estate M
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December 14, 2012 - DTZ reports rising demand for grade A space
Outlet: Huddersfield Daily Examiner - Online
The latest Property Times U.K. Industrial Report, which covered the market for properties exceeding 50,000 square feet said take-up of class A space rose by almost 7 percent in the third quarter 2012 – the first quarter-on-quarter rise for nearly 18
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December 14, 2012 - Dubai remains most attractive destination for private investors in the GCC, says Cluttons survey
Outlet: BusinessIntelligence-Middle East (BI-ME)
Cluttons, the real estate specialist which has enjoyed a dedicated Middle Eastern presence since 1976, today releases the findings of its first Middle East Private Capital Survey.
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December 14, 2012 - GI Partners buys San Diego data center
Outlet: Datacentres.com
GI Partners, a U.S. private equity firm, has announced the acquisition of a data centre and office building in San Diego.
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December 14, 2012 - San Francisco office costs increase the most in the world
Outlet: Bloomberg Businessweek - Online
The cost of occupying office space in San Francisco soared the most of any market in the world as technology companies such as Salesforce.com and Mozilla Corp. fueled leasing in the city, according to broker CBRE Group.
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December 14, 2012 - Joint venture between Driftwood Hospitality Management and Apollo Global Real Estate acquires DoubleTree Suites
Outlet: E-Hospitality.com
Driftwood Hospitality Management and Apollo Global Real Estate Management (AGRE) have acquired DoubleTree Suites by Hilton Columbus Downtown. This is the fifth property acquired through a joint venture between Driftwood and AGRE formed in July 2011 t
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December 13, 2012 - Cassidy Turley Capital markets executives in D.C. earn promotions
Outlet: Citybizlist Washington DC
Cassidy Turley has promoted William Collins and Paul Collins, leaders of the Washington, D.C., Capital Markets team, to Vice Chairmen, and also promoted Washington, DC, Capital Markets executives Drew Flood, James Cassidy and Jud Ryan to Executive Ma
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December 13, 2012 - William Collins, Paul Collins promoted to vice chairmen of Cassidy Turley
Outlet: Press Release
Cassidy Turley, a leading commercial real estate services provider in the U.S., has promoted William Collins and Paul Collins, leaders of the Washington, D.C., capital markets team, to vice chairmen, and also promoted Washington, D.C., capital market
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December 13, 2012 - Related Group buys $121 million foreclosure judgment on Promenade condo in Boynton Beach
Outlet: South Florida Business Journal
PRH Boynton Beach, an affiliate of Miami-based Related Group that includes Miami Dolphins owner Stephen Ross as a co-investor, acquired the $121.3 million foreclosure judgment on the property on Dec. 5
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December 13, 2012 - $173.9 billion worth of investment-grade realty under way in India
Outlet: Khaleej Times - Online
The real estate boom in India is responsible for a major surge in NRI investments, and currently, the value of the investment-grade real estate under construction in India is estimated to be $173.9 billion, property experts said.
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December 13, 2012 - Healthcare Trust of America expands asset management team
Outlet: PR Newswire - Online
Healthcare Trust of America has hired Chelsea Maddox as director of leasing of South/Southwest Region.
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December 13, 2012 - Rents in parts of central London expected to see strong growth in 2013
Outlet: Property Wire
London’s prime rental markets are beginning to segment as tenant demand is becoming increasingly varied depending on property type and location. The overall trend is one of small rental falls, but hidden within this is a divergence of performance, ac
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December 13, 2012 - San Fran office trade equals $159 million
Outlet: GlobeSt.com
The 21-story 475 Sansome St. office tower here in downtown San Francisco has changed hands.
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December 13, 2012 - Bainbridge, Partners Group buy Alexandria apartments for $139 million
Outlet: Commercial Property Executive
Bainbridge Companies LLC affiliates have partnered with Switzerland's Partners Group to make an acquisition in the Washington, D.C., metro apartment market.
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December 13, 2012 - Orbital Sciences Campus trades for $86 million
Outlet: GlobeSt.com
Select Income REIT (NYSE:SIR) has paid $85.6 million to buy a three-building class A office complex named the Orbital Sciences Campus in Sterling, Va.
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December 13, 2012 - 2013: LaSalle predicts low interest rates, low inflation and low growth scenario
Outlet: Investment Europe
Real estate investors will continue to encounter low interest rates, muted inflation and sluggish growth in most of the world's major real estate markets for at least the next couple of years according to the 2013 LaSalle Investment Management outloo
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December 13, 2012 - Allianz Real Estate commits €75 million to Areim Fund II
Outlet: PropertyEU - Online
Stockholm-based fund manager Areim said on Thursday that Allianz Real Estate has committed SEK 643 million ($98 million) to its Areim Fund II, which will focus on value-added investments in Sweden.
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December 13, 2012 - MetLife to acquire Constitution Center for $744 million
Outlet: Washington Business Journal - Online
MetLife closed its acquisition of Constitution Center in Southwest D.C. for $734 million
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December 13, 2012 - HICL acquires three new investments
Outlet: thebusinessdesk.com - Yorkshire
HICL Infrastructure Co. has acquired three new investments for £75 million.
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December 13, 2012 - Parmenter Realty spends $85 million
Outlet: GlobeSt.com
Parmenter Realty Partners buys two class A office buildings in Tampa Bay.
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December 12, 2012 - Developer nixes Walmart, but continues with downtown Athens project
Outlet: Online Athens
A new proposal, without a Walmart or a grocery store, was unveiled Wednesday for the 9-acre Armstrong & Dobbs tract east of downtown Athens.The project is expected to cost about $80 million and would open in late 2015.
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December 12, 2012 - Starwood to enter the Philippines
Outlet: Business Wire - Online
Starwood Hotels & Resorts Worldwide has plans to introduce its two largest brands - Westin and Sheraton - to two new multi-billion dollar integrated entertainment complexes in Manila, the bustling capital of the Philippines.
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December 12, 2012 - Illinois Teachers commits $50 million to China fund, makes new hires
Outlet: Institutional Real Estate Newsline
The $37.5 billion Teachers' Retirement System of the State of Illinois commits $50 million to Gateway Real Estate Fund IV, an opportunistic, value-added fund.
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December 12, 2012 - Manhattan's Sony building fetching bids of more than $850 million
Outlet: Commercial Real Estate Direct
Bids of more than $850 million for Manhattan building.
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December 12, 2012 - Lone Star bags German state assets for €1.1 billion
Outlet: Bloomberg News
U.S. private equity firm Lone Star has bought a mixed-asset portfolio from German state-owned property company TLG Immobilien for €1.1 billion.
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December 11, 2012 - TMRS commits $300 million to core vehicles
Outlet: Institutional Real Estate Newsline
The $20.1 billion Texas Municipal Retirement System (TMRS) has increased its core exposure with a total of $300 million in investments to four real estate funds.
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December 11, 2012 - Oregon commits $100 million to infrastructure
Outlet: Institutional Real Estate Newsline
The Oregon Investment Council has a $100 million commitment to Stonepeak Infrastructure Partner.
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December 11, 2012 - Global Infrastructure Partners to sell interest in access midstream partners for $1.82 billion
Outlet: PR Newswire
Global Infrastructure Partners (GIP) will sell 50 percent of the Access Midstream Partners general partner and 34.5 million Access Midstream Partners subordinated units to Williams for $1.82 billion in cash, representing all of GIP I's remaining own
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December 11, 2012 - China's CIC sells stake in Goodman Group in $519.2 million
Outlet: Business Spectator, The
China's sovereign wealth fund CIC has reportedly sold a 6.9 per cent stake in Goodman Group Ltd to local and foreign institutions in a deal said to be worth $519.2 million.
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December 11, 2012 - KDC to develop $1.5 billion office, retail, apartment project in Richardson
Outlet: Dallas Business Journal
Dallas-based KDC has acquired 186 acres of land by the end of the year for a $1.5 billion master-planned project.
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December 11, 2012 - Board promotions at BNP Paribas Real Estate
Outlet: Property Week - Online
BNP Paribas Real Estate has promoted two of its board members to deputy managing directors.
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December 11, 2012 - Cushmans appoints Jones Lang LaSalle senior surveyor
Outlet: Place North West
Louise Hunter joins Cushman & Wakefield's asset management team in Manchester as a senior retail management surveyor.
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December 11, 2012 - OMERS, Ontario Teachers sell 1/3 stakes in Express Pipeline for $430 million apiece
Outlet: CHBC Television Kelowna (CHBC-TV) - Online
Two of Ontario's largest pension plans have each sold their one-third stakes in Express Pipeline System to U.S.-based Spectra Energy Corp. (NYSE:SE) for $430 million apiece.
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December 10, 2012 - Parmenter Realty Partners makes seventh acquisition for Fund IV
Outlet: Business Wire
--Parmenter Realty Partners has acquired two class A office buildings on Rocky Point in the Westshore submarket of Tampa Bay, Fla.
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December 10, 2012 - Spectra to buy Canada-Illinois pipeline for $1.25 billion
Outlet: Associated Press (AP)
Houston based Pipeline operator Spectra Energy Corp. says it is buying the 1,717-mile Express-Platte pipeline system, which runs from Canada to Illinois, for $1.25 billion in cash, to build its oil transportation network.
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December 10, 2012 - Rick Kimball appointed managing director of New England region
Outlet: PR Newswire
Avison Young has named Rick Kimball as managing director of its New England operations.
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December 10, 2012 - Eagle Hospitality's secured lender takes ownership of 13 hotels
Outlet: PR Newswire
Eagle Hospitality Properties Trust's secured lender, an affiliate of Blackstone Real Estate Partners VII, has taken ownership of Eagle Hospitality's entire portfolio of 13 hotels.
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December 10, 2012 - CalPERS real estate investments return 14.3 percent
Outlet: Pensions&Investments – Online
CalPERS’ real estate investments returned 14.3% for the 12 months ended June 30.
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December 10, 2012 - GPT makes bid for Australand's industrial, commercial assets
Outlet: Business Times - Online, The
GPT Group, Australia's second-biggest diversified real estate trust, offered to buy Australand Property Group's industrial and commercial property assets and development business.
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December 10, 2012 - CBRE hires Marina Massari as executive vice president in debt and equity finance group
Outlet: Press Release
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December 10, 2012 - Metro Park secures $212 million in financing
Outlet: Press Release
Metro Park, a 37-acre trophe class office portfolio, located in Virginia, has secured $212 million in financing. CBRE Capital Markets helped secure the financing.
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December 10, 2012 - Jefferson at Capitol Yards trades for $166 million
Outlet: Business Journal
A pension fund managed by JPMorgan Chase Bank N.A. has acquired the Jefferson at Capitol Yards for $166 million.
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December 10, 2012 - Vornado closes $707 million Manhattan retail condo purchase
Outlet: Commercial Property Executive - Online
Vornado Realty Trust has purchased 666 Fifth Ave. for $707 million
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December 9, 2012 - IVG reveals plans for Italian fund platform
Outlet: PropertyEU - Online
Germany's IVG Immobilien is joining forces with Italian REIT Beni Stabili to launch a joint fund management plaform which will promote and manage fund products for Italian institutional investors from an office in Milan.
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December 7, 2012 - Harbor Group acquires office building in Chicago for $221 million
Outlet: Press Release
Affiliates of Harbor Group International have acquired the One South Wacker office building in Chicago, Illinois, for $221 million.
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December 7, 2012 - TIAA-CREF pays $551.19 million for Manhattan apartment property
Outlet: Commercial Real Estate Direct
TIAA-CREF has paid $551.19 million for a 70 percent stake in a mixed-used complex in Manhattan.
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December 7, 2012 - Ivanhoé Cambridge joins forces with Callahan Capital Partners
Outlet: PR Newswire - Online
Ivanhoé Cambridge announced today that it has selected Callahan Capital Partners ("CCP") to join forces in the development of its U.S. office real estate platform and the management of its expanding office portfolio in that important market.
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December 7, 2012 - CoStar's people of note (Dec. 2-8)
Outlet: CoStar Group
CoStar's People of Note reports news on significant new CRE hires and promotions. This week, the following companies announced personnel moves: Avison Young, CBRE Group and Cushman & Wakefield | Thalhimer, NAI Global.
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December 7, 2012 - Primaris urges unitholders to ‘take no action’ on Kingsett group’s $4.4B takeover bid
Outlet: Gazette (Montreal) - Online, The
Primaris Retail Real Estate Investment Trust, one of Canada’s largest shopping mall operators, has urged its unitholders to take no action in the face of a consortium’s hostile $4.4-billion takeover bid.
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December 7, 2012 - Henderson hires Colin Throssell
Outlet: Europe Real Estate
Henderson Global Investors' Property Business has hired Colin Throssell as head of property treasury.
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December 6, 2012 - GIC to buy Paulson resorts for S$1.8 billion
Outlet: Today Online
he Government of Singapore Investment Corp. is set to acquire a group of resorts owned by hedge fund Paulson & Co. for the sum of US$1.5 billion (S$1.8 billion)
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December 6, 2012 - Goodman Property investors approve $186.6M Highbrook deal
Outlet: Scoop Auckland
Unitholders of Goodman Property Trust, the second-biggest property investor on the NZX, voted in favour of the acquisition of remaining shares in Auckland’s Highbrook Business Park for $186.6 million in cash and shares.
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December 6, 2012 - Cole acquires Canarsie Plasa for $124 million
Outlet: Press Release
Cole Real Estate Investments (Cole), a diversified real estate company, announced it has acquired Canarsie Plaza, an approximately 278,000-square-foot shopping center located in the Canarsie neighborhood of Brooklyn.
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December 6, 2012 - Vornado completes acquisition of retail at 666 Fifth Avenue
Outlet: Press Release
Vornado Realty Trust (NYSE:VNO) has completed its previously announced acquisition of the retail condominium located at 666 Fifth Avenue at 53rd Street for $707 million, expanding its best-in-class Manhattan street retail portfolio to 2.3 million squ
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December 6, 2012 - Select Income REIT acquires Orbital Sciences head quarters $85.6 million
Outlet: CityBizList
Select Income REIT has acquired three single tenant, net leased office properties totaling 337,228 rentable square feet in Sterling, Va., for $85.6 million.
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December 6, 2012 - Tristan raised €170 million for European recovery fund
Outlet: PropertyEU - Online
Tristan Capital Partners has raised over €170 million of commitments in a first closing of its European recovery strategy fund.
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December 6, 2012 - Bank of China joins overseas peers in $950 million CMBS deal
Outlet: Individual.com
Bank of China has sold $950 million commercial-mortgage-backed securities with a couple of banks at the end of last month, becoming the first Chinese bank to tap into the US securitization market.
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December 5, 2012 - Tishman Speyer buys Junghof in Frankfurt
Outlet: PropertyEU - Online
Tishman Speyer has acquired the mixed-use Junghof building in the central business district of Frankfurt.
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December 5, 2012 - Cushman & Wakefield expands London retail team
Outlet: Property Mall
Cushman & Wakefield has hired Natalie Lintott as an associate in its London retail team.
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December 5, 2012 - Blackstone launching Asian real estate fund
Outlet: Reuters - Online
The Blackstone Group has launched a new real estate fund focused on Asia.
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December 5, 2012 - Avison Young names Matthew Dolly vice president
Outlet: National Real Estate Investor - Online
Avison Young has named Matthew Dolly vice president of research in the company’s Morristown, N.J., office.
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December 5, 2012 - RB Capital buys 16 retail units for $69 million
Outlet: Business Times - Online, The
RB Capital is buying 16 ground-floor riverfronting retail units comprising The Quayside's retail podium for $69 million.
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December 5, 2012 - Hawaiian developer plans to build $200 million condominium
Outlet: Business Journal, The
Hawaii developer Marshall Hung won approval Wednesday from a state agency to build a $200 million high-rise affordable condominium on the site of the former Honolulu Advertiser building.
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December 5, 2012 - Northwestern Mutual selects downtown Milwaukee for $300 million office tower
Outlet: Press Release
Northwestern Mutual will build a $300 million office tower to replace its existing 16-story building in downtown Milwaukee.
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December 5, 2012 - Athenahealth to buy Arsenal for $168.5 million
Outlet: Boston Herald
Athenahealth has an agreement to buy the Arsenal on the Charles development in Watertown for $168.5 million to expand its headquarters.
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December 5, 2012 - Henderson GI adds another manager to Germany property team
Outlet: Investment Europe
Henderson Global Investor has hired James Ellis as assistant portfolio manager to strengthen its German property team.
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December 5, 2012 - Salans, SNR Denton and FMC Law firms to combine to form global real estate platform
Outlet: Press Release
Law firms Salans, SNR Denton and Fraser Milner Casgrain have agreed to combine to create a new global law firm, which will be known as Dentons.
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December 5, 2012 - Riverstone Residential Group announces senior vice president appointments
Outlet: PRWeb
Riverstone Residential Group has appointed Lesa LaRocca and Mark McElvai.
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December 5, 2012 - Shidler Group agrees to buy Burnham Center for $100 million
Outlet: GlobeSt.com
Shidler Group has bought Burnham Center for $100 million from Norfolk, Virginia-based Harbor Group International.
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December 5, 2012 - Tristan Fund acquires shopping center in Eastern Germany for €31 million
Outlet: Europe Real Estate
A fund advised by pan-European real estate investment manager Tristan Capital Partners has acquired the Neustadt Centrum Halle shopping centre in Halle in the German state of Saxony Anhalt for €31 million, in one of the first significant internationa
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December 5, 2012 - AGI survey highlights euro-zone crisis as investors' top concern
Outlet: I&PE
The euro-zone debt crisis and fears over financial repression are the chief concerns for European institutional investors, according to Allianz Global Investors's survey Risk Monitor.
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December 5, 2012 - Unite sells £116 million of assets
Outlet: Europe Real Estate
Unite, the United Kingdom's leading developer and manager of student accommodation, has concluded the sale of four wholly owned properties for a combined total of £116 million.
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December 5, 2012 - Simon Property acquires 100 percent ownership of two outlet centers
Outlet: iStockAnalyst
Simon Property Group has completed the acquisition of Paragon Outlets Grand Prairie in Grand Prairie, Texas, and Paragon Outlets Livermore Valley in Livermore, Calif.
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December 5, 2012 - Canada's KingSett leads C$2.6 billion bid for Primaris REIT
Outlet: Yahoo! Canada
A consortium led by Canada's KingSett Capital will offer about C$2.6 billion ($2.62 billion) to acquire Primaris Retail REIT to bolster its portfolio of Canadian shopping malls.
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December 5, 2012 - RioCan enters agreement to purchase $1.1 billion retail portfolio
Outlet: Building - Online
RioCan Real Estate Investment Trust has entered into a purchase and sale agreement to acquire a $1.1 billion portfolio of Canadian retail properties including five regional malls andthree grocery-anchored unenclosed shopping centers
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December 5, 2012 - Decline in U.K. property construction responsible economic contraction
Outlet: Marketwire - Online
The decline in private sector property construction since first quarter 2008 is responsible for 48 percent of the contraction of the U.K. economy, according to new research from global real estate advisor CBRE.
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December 5, 2012 - Ivanhoé Cambridge acquires two London multiresidential properties
Outlet: Press Release
Ivanhoé Cambridge has acquired majority ownership interests in two multiresidential complexes, Peony Court and Chantrey House, respectively in South Kensington and Belgravia.
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December 4, 2012 - American Realty acquire 153 Townsend in San Francisco
Outlet: PR Inside (press release)
American Realty Advisors has acquired 153 Townsend, a class A office building in the vibrant SoMa district, San Francisco. The sales price was not disclosed.
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December 4, 2012 - Invesco purchases Williams Tower for $420 million
Outlet: Business Journal (Houston)
Dallas-based Invesco Real Estate is purchasing trophy skyscraper Williams Tower for $420 million, according to information from industry trade publication Real Estate Alert and reported by the Houston Chronicle.
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December 4, 2012 - Highwoods Properties acquires EQT Plaza in downtown Pittsburgh
Outlet: Daily Herald - Online (press release)
Highwoods Properties has acquired EQT Plaza, a 32-story, 616,000 square foot, class A multi-tenant office building located in the heart of CBD Pittsburgh, for $99.2 million.
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December 4, 2012 - Property Group Partners acquires fee interest for $1.3 billion development
Outlet: Press Release
Property Group Partners has acquired the fee interest for $1.3 Billion Capitol Crossing Project in Washington, D.C.
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December 4, 2012 - Charlie Bentzer joins Beech Street
Outlet: Press Release
Charlie Mentzer has joined Beech Street Capital as office manager.
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December 4, 2012 - Heitman acquires Marynaska business park in Warsaw
Outlet: Press Release
Heitman, on behalf of Heitman European Property Partners IV, has announced the acquisition of Marynarska Business Park.
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December 4, 2012 - Tarun Chandran joins VLP
Outlet: Press Release
VLP Law Group has announced the expansion of its real estate practice with the addition of Tarun Chandran, who joins as a partner based in Chicago.
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December 4, 2012 - Illinois Teachers' issues RFP, posts positive real estate returns
Outlet: Institutional Real Estate Newsline
The $36.3 billion Teachers' Retirement System of the State of Illinois (TRS) has issued an RFP for a separate account manager with industrial experience to manage a commitment projected to be at $200 million.
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December 4, 2012 - Todd Weinstein joins Cushman & Wakefield
Outlet: Virginia Business - Online
Todd Weinstein has joined the Richmond office of Cushman & Wakefield | Thalhimer as a senior vice president in the Capital Markets Group.
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December 4, 2012 - CBRE CEO retires
Outlet: Zacks.com
CBRE Group has announced the retirement of its CEO, Brett White.
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December 4, 2012 - SL Green-led venture makes first Brooklyn residential investment
SL Green Realty Corp (NYSE: SLG) has acquire a newly completed vacant residential building in the Williamsburg section of Brooklyn. The transaction is expected to close in first quarter 2013.
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December 4, 2012 - Parkway plans to buy three office towers for $228 million
Outlet: Orlando Business Journal - Online
Parkway Properties has three office buildings in the Houston, Atlanta and Charlotte areas under contract to buy by the end of this year for a total of $228 million.
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December 4, 2012 - Land Secs takes control of €714 million U.K. leisure portfolio
Outlet: Property EU
U.K. REIT Land Securities is taking a controlling stake in a fund that owns 16 entertainment and recreational properties in the United Kingdom.
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December 4, 2012 - Corio signals €1.4b mall sell-of
Outlet: Property EU
European retail specialist Corio intends to dispose of about 20 percent of its shopping center assets, valued at €1.4 billion.
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December 4, 2012 - Canadian office vacancy rates fall, Calgary most active - The Globe and Mail
Outlet: Globe and Mail - Online, The
A still-challenging economy from mid-2011 to mid-2012 doesn’t appear to have hurt the corporate real estate market in most of Canada’s major cities, says a new report.
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December 4, 2012 - Alpha Investment might buy Morgan Stanley Shanghai Property for $529.5 million.
Outlet: BruineiNews.net
Alpha Investment Partners, a Singapore-based property fund, is planning to buy a Shanghai mall-and-office project from a Morgan Stanley-managed real-estate fund for 3.3 billion Chinese yuan ($529.5 million).
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December 4, 2012 - Dubai ranks 34 in the world for infrastructure
Outlet: AME Info
Dubai continues its meteoric rise on Mercer's list, ranking 73rd for 'Quality of Living' and 34 in the world for City Infrastructure. Abu Dhabi ranks 78 and 72 respectively, putting both cities well above and beyond cities across the Middle East and
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December 3, 2012 - China's developer buys land in Malaysia for $330 million
Outlet: Xinhua News Agency
Chinese property developer Country Garden Holdings Co. said it is buying 11 hectares of prime waterfront land in a big industrial zone in southern Malaysia for almost $328.97 million.
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December 3, 2012 - Australian pension fund joins group bidding for Stansted
Outlet: Daily Telegraph, The
The Antipodean investor group bidding for Stansted airport has raised its financial firepower by teaming up with a £15 billion Australian pension fund.
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December 3, 2012 - CBRE promotes Armstrong
Outlet: CoStar Group
Kevin Armstrong has been promoted to managing director and market leader at the Milwaukee, Wis., office of CBRE.
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December 3, 2012 - SL Green pays $218 million for loan on 315 Park Ave. S.
Outlet: Press Release
SL Green Realty Corp. (NYSE: SLG) as acquired the non-performing mortgage loan secured by the property at 315 Park Avenue South, New York City.
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December 3, 2012 - Phoenix Tower office building under contract
Outlet: Prime Property
Parkway Properties is under contract to buy Phoenix Tower, a 26-story office building in the Greenway Plaza area, for $124.5 million.
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December 3, 2012 - Grandbridge completes purchase of commercial real estate firm
Outlet: PR News
Grandbridge Real Estate Capital, a wholly-owned subsidiary of BB&T Corp., has completed the purchase of Dwyer-Curlett & Co., a leading commercial real estate finance firm with three offices in southern California.
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December 3, 2012 - TCDRS commits $50 million to Rockpoint fund
Outlet: Institutional Real Estate Newsline
The $17.6 billion Texas County & District Retirement System (TCDRS) has committed $50 million to Rockpoint Real Estate Fund IV.
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December 3, 2012 - SL Green sells London office asset
Outlet: Press Release
SL Green Realty Corp. and its partner Westcore Properties today announced the sale of the Jersey Property Unit Trust that owns a long-term leasehold interest in Procession House, a Class A office building located at 55 Ludgate Hill in the City of London.
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December 3, 2012 - AMP Capital launches second infrastructure debt fund
AMP Capital has launched the AMP Capital Infrastructure Debt Fund II (IDF) to institutional investors, following significant growth in demand for infrastructure investment in developed markets from investors in Asia, Europe and North America.
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December 3, 2012 - American Campus acquires $862.8 million Kayne Anderson portfolio
Outlet: Business Wire - Online
American Campus Communities has completed the acquisition of 19 select student housing properties with 12,049 beds for $862.8 million.
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December 3, 2012 - Avison Young opens new office in Denver, 11 new hires
Outlet: SYS-CON Media
Avison Young has opened an office Denver, Colo. Over the past three and a half years, Avison Young has grown from 11 to, now, 43 offices in 35 markets.
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December 3, 2012 - Host Hotels & Resorts acquires five hotels for €440 million
Outlet: PR Newswire
Host Hotels & Resorts has announced that the second fund of the company's joint venture in Europe acquired five hotels from Whitehall comprising 1,733 rooms in two countries for approximately €440 million.
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December 3, 2012 - Macquarie Infrastructure Partners II completes acquisition of Leaf River Energy Center
Outlet: Business Wire
Macquarie Infrastructure Partners II has completed the acquisition of Leaf River Energy Center LLC (“Leaf River”) from NGS Energy.
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November 30, 2012 - Norway Wealth Fund to spend $11 billion to U.S. real estate
Outlet: Bloomberg News
Norway’s $660 billion sovereign wealth fund, the world’s largest, plans to invest about $11 billion as it enters the U.S. real estate market.
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November 30, 2012 - BRE Select Hotels Corp. merges with Apple REIT Six in $1.2 billion deal
Outlet: Business Wire
Apple REIT Six has entered into a definitive merger agreement to be acquired by BRE Select Hotels Corp., an affiliate of Blackstone Real Estate Partners VII. The total transaction value, including transaction costs and the assumption or repayment of
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November 29, 2012 - Swiss Re commits $500 million to infrastructure debt
Outlet: Press Release (pr) Distribution Service By India Prwire
Zurich-based Swiss Re has committed $500 million to Macquarie Group’s newly launched Macquarie Infrastructure Debt Investment Solutions platform. Swiss Re is targeting investments in senior secured debt of infrastructure businesses and assets primar
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November 29, 2012 - W.P. Carey launches another non-traded REIT
Outlet: Commercial Real Estate Direct
W.P. Carey has registered to raise up to $1.4 billion for its latest non-traded REIT.
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November 28, 2012 - Chinese firm enters Australia's property market
Outlet: Weekend Australian, The (VIC)
Singapore-based Bright Ruby has made its first foray into Australia's property market, with the purchase of BlackRock's Sydney office tower at 10 Barrack Street, according to a source.
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November 28, 2012 - Wood Partners’ Alta City House rising near Denver Union Station
Outlet: Denver Business Journal - Online
...contractor with Paul T. Bergner Associates doing architecture work, Harris Kocher Smith is the civil engineer and Norris Design is doing the landscape architecture. Dennis Huspeni covers real estate and retail for the Denver Business Journal an
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November 28, 2012 - CBRE hires new head of Minneapolis office
Outlet: BangkokNews.net
Star Tribune Wednesday 28th November, 2012 CBRE Group has a new managing director in Minneapolis: Blake Hastings. Hastings will assume his new position Jan. 1, succeeding Whit Peyton who has more than two decades of service to the firm. As managin
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November 28, 2012 - Weingarten sells remaining industrial interests
Outlet: Houston Business Journal - Online
...year, Alexander said the company was getting out of the industrial business to please Wall Street. “Wall Street just really prefers companies that focus on one space,” he told HBJ in April. At the time, Weingarten said it would sell a portfo
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November 28, 2012 - Hines names Colvill exclusive leasing agent for Houston, Dallas portfolios
Outlet: Houston Business Journal - Online
...responsible for leasing properties including Chase Tower and The Plaza at Legacy. “Outsourcing leasing responsibilities to Colvill Office Properties is a strategic move that will benefit our investors and clients,” Mark Cover, senior managing d
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November 28, 2012 - CBRE hires new head of Minneapolis office
Outlet: TurkmenistanNews.net
CBRE Group has a new managing director in Minneapolis: Blake Hastings. Hastings will assume his new position Jan. 1, succeeding Whit Peyton who has more than two decades of service to the firm. As managing director, Hastings will be responsible for a
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November 28, 2012 - Starwood Collaborates with ULI
Outlet: Yahoo! Finance Singapore
...properties globally. The move is in line with the company’s commitment towards incorporating top-class environmental practices and improves the sustainability of its hotels and consequently the real estate sector across the globe. The Urban Lan
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November 28, 2012 - CBRE hires new head of Minneapolis office
Outlet: ArgentinaNews.net
Star Tribune Wednesday 28th November, 2012 CBRE Group has a new managing director in Minneapolis: Blake Hastings. Hastings will assume his new position Jan. 1, succeeding Whit Peyton who has more than two decades of service to the firm. As managin
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November 28, 2012 - Mesa West raises $379 million for third fund
Outlet: Institutional Real Estate Newsline
Los Angeles–based Mesa West Capital has raised approximately $379.2 million for its Mesa West Real Estate Income Fund III.
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November 28, 2012 - Ted Harris joins Cassidy Turley as senior vice president
Outlet: Press Release
Ted Harris has joined the Cassidy Turley’s Denver office as Senior Vice President.
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November 28, 2012 - L3C Capital closes on $115 million multifamily portfolio
Outlet: CoStar Group
L3C Capital Partners has acquired a St. Louis multifamily portfolio totaling 1,447 units for $115 million from DRA Advisors and the Camden Property Trust.
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November 28, 2012 - Rockspring nears final close date
Outlet: Institutional Real Estate Newsline
U.K.-based Rockspring Property Investment Managers has a planned final close for its Rockspring TransEuropean Property Limited Partnership V on Dec. 5.
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November 28, 2012 - Ullico commits $20 million to Minneapolis construction project
Outlet: PRWeb - Online
Ullico will extend up to $20 million in financing through its Separate Account J, also known as “J for Jobs”, for the construction of Loring Park Tower, a 37-story, 354-unit high-rise apartment building in downtown Minneapolis, Minn.
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November 28, 2012 - Seniors housing investors work to grow portfolios
Outlet: National Real Estate Investor - Online
The 2012 sales volume of seniors housing properties will fall well short of matching the near record level of activity that was reached last year. But, that decline in transaction volume is by no means indicative of waning investor interest.
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November 28, 2012 - Dublin's largest hotel sold
Outlet: South West Business Insider - Online
The Burlington Hotel in Dublin has been sold to investment firm The Blackstone Group for €67 million.
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November 28, 2012 - National Irish Bank on the market
Outlet: South West Business Insider - Online
The former National Irish Bank on College Green in Dublin has been put up for sale at a guide price of €4 million.
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November 27, 2012 - Cordea Savills appoints business director for Asia
Outlet: Yahoo! News
Property investment manager Cordea Savills has appointed Reynold Chan as its new business development director for Asia.
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November 27, 2012 - Macquarie raises $500 million for U.K. projects
Outlet: FT.com
Macquarie Group, the Australian investment bank, has raised $500 million to invest largely in U.K. infrastructure projects.
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November 27, 2012 - Parmenter pays $85 million for Prudential office towers
Outlet: Law360
Prudential Real Estate Investors have sold the Island Center and Waterford Plaza office buildings on prestigious Rocky Point Island in Tampa, Fla., to Parmenter Realty Partners for $85.5 million.
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November 27, 2012 - HFF closes $106.75 million sale of office portfolio
Outlet: Business Wire - Online
Holliday Fenoglio Fowler (HFF) has closed the $106.75 million sale of a four-property, 362,562-square-foot office portfolio in Boston’s Seaport District.
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November 27, 2012 - London pension invests in residnetial properties
Outlet: 24dash.com
Islington Council is to invest cash from its pension fund into residential property in order to secure returns to build new homes.
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November 27, 2012 - Beech Street Capital names Tyler Griffen vice president of originations
Outlet: Press Release
Beech Street Capital has promoted Tyler Griffin to the post of vice president of originations at its New York office.
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November 27, 2012 - Jones Lang LaSalle promotes two members
Outlet: PR Newswire - Online
Jones Lang LaSalle has promoted Peter Roberts and Lauralee Martin.
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November 26, 2012 - Henderson acquires two shopping centers in France
Outlet: Europe Real Estate
Henderson Global Investors, on behalf of its German joint venture - Warburg Henderson, has acquired two shopping centers in France for a total amount of €151 million.
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November 26, 2012 - BlackRock launches infrastructure debt platform
Outlet: Press Release
Philippe Benaroya, Chris Wrenn and Gilles Lengaigne have joined BlackRock to launch the firm’s European infrastructure debt investment group based in London.
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November 26, 2012 - AvalonBay sells Archstone Equity Residential for $16 billion
Outlet: DailyFinance - Online (press release)
Equity Residential and AvalonBay Communities have entered into an agreement with Lehman Brothers Holdings to acquire, for approximately $16 billion, the assets and liabilities of Archstone Enterprise.
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November 26, 2012 - Future Fund agrees to acquire portfolio assets of Australian Infrastructure Fund
Outlet: Press Release
Future Fund agrees to acquire portfolio assets of Australian Infrastructure Fund, which is expected to be held in January 2013.
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November 25, 2012 - World's largest mall may cost Dh10 billion
Outlet: Gulf News - Online
The world's largest mall to be built in Dubai could cost approximately Dh10 billion, according to some analyst estimates.The mall is expected to attract a mix of international retail brands from China, India and the Far East as well.
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November 25, 2012 - Burlington Hotel sold for €67 million
Outlet: Irish Times - Online, The
The Blackstone Group has bought Dublin’s Burlington Hotel for €67 million.
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November 23, 2012 - West Coast Infrastructure Exchange manager RFP
Outlet: Press Release
The West Coast Infrastructure Exchange manager RFP is available at www.westcoastx.com/news. Proposals are due Jan. 15, 2013, and finalists will be selected Feb. 1.
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November 23, 2012 - Carlyle sells Paris mixed-use asset
Outlet: PropertyEU - Online
Carlyle Real Estate has sold an office building at 23, rue de l'Université in Paris for around €250 million.
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November 21, 2012 - GE takes most of its Australia portfolio off sale block
Outlet: Weekend Australian, The (VIC)
U.S.-based global corporation General Electric is believed to have withdrawn the majority of its $500 million Australian property portfolio from the market.
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November 21, 2012 - Valad Europe trades Unit 1 and Unit 2, Broadway 21, Oldham (UK)
Outlet: Europe Real Estate
Valad Europe has sold Unit 1 & Unit 2, Broadway 21, Oldham, Greater Manchester. Unit 1 was sold to Stellar Properties Limited and Unit 2 to Langtree Group Plc, for the combined sum of £10.7 million (€13.3 million).
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November 21, 2012 - Second Swedish National Pension Fund invests $325 million in American real estate
Outlet: AZoBuild - Online
The Second Swedish National Pension Fund is investing $325 million in the American real estate company, US Office Holdings. The company is jointly owned with the South Korean National Pension Fund, NPS, and an affiliate of the American real estate company, Tishman Speyer.
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November 20, 2012 - Sierra Fund sells shopping center in Munster, Germany
Outlet: Europe Real Estate
The Sierra European Retail Real Estate Asset Fund, in which Sonae Sierra has a 50.1 percent stake, sold its 100 percent interest in the shopping center Münster Arkaden (Münster, Germany) to Aachener Grundvermögen-Kapitalanlagegesellschaft mbH.
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November 20, 2012 - Starwood opens the 254-room Westin Snowmass Resort in Colorado
Outlet: HotelExecutive.com
Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) today announced the opening of The Westin Snowmass Resort following an extensive, multi-million dollar renovation to reposition the prestigious, slope-side property as a Westin.
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November 20, 2012 - Rezidor to open 478-room Park Inn by Radisson in Amsterdam
Outlet: HotelExecutive.com
The Rezidor Hotel Group announced plans to open the Park Inn by Radisson in Amsterdam, the Netherlands by Q4 2014. Park Inn by Radisson Amsterdam is the main component of the redevelopment of the largest vacant office building in Amsterdam.
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November 20, 2012 - SBCERS selects Meketa as infrastructure consultant
Outlet: Press Release (pr) Distribution Service By India Prwire
The $2 billion Santa Barbara County (Calif.) Employees’ Retirement System (SBCERS) has selected Meketa Investment Group as its private natural resources and infrastructure consultant.
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November 20, 2012 - Kansas Employees commits $40 million to real estate
Outlet: Pensions&Investments – Online
Kansas Public Employees Retirement System committed $40 million to Rockwood Capital Real Estate Partners Fund IX, a non-core real estate fund.
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November 20, 2012 - Prudential Real Estate under new ownership
Outlet: Newark Advocate - Online
Brookfield Residential Property Services has purchased Prudential Real Estate ad Relocation Services, including its Granville office, from Prudential Financial.
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November 20, 2012 - New student homes come to Stratford City
Outlet: University Business - Online
UNITE Group, the UK’s leading developer and manager of student accommodation, announces today that it has completed the
purchase of land to provide a new home for 951 students in the London borough of Newham.
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November 19, 2012 - Henderson sells U.K. properties to repay $265 million CMBS
Outlet: Bloomberg News - Online
Henderson Group's Caspar Property Fund sold its real estate to two buyout firms to repay approximately £167 million (US$265 million) of commercial mortgage- backed securities.
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November 19, 2012 - Frederick Wright appointed AASHTO executive director
Frederick “Bud” Wright has been approved as the executive director of the American Association of State Highway and Transportation Officials (AASHTO) by the group’s board of directors.
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November 19, 2012 - Morgan Stanley said to near $1 billion Moscow mall deal
Outlet: Bloomberg News - Online
Morgan Stanley is close to buying and expanding a Moscow shopping mall in a deal valued at more than $1 billion. The deal would be the second retail property purchase in Russia this year by funds it manages.
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November 19, 2012 - Avison Young opens new office in Irvine, Calif.
Outlet: Individual.com
Avison Young opens 20th location outside Canada.
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November 16, 2012 - Primaris Retail REIT completes $115 million public offering
Outlet: pr-usa.net - Online
Primaris Retail REIT has completed the issuance of an aggregate of 4,904,750 trust units at a price of $23.45 per unit for aggregate gross proceeds of $115,016,387.
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November 16, 2012 - Blackstone sees two-year window to buy houses
Outlet: Bloomberg Businessweek - Online
Investors buying foreclosed U.S. homes might have less than two years to accumulate properties as competition and rising prices shrink the pool of cheap assets, according to The Blackstone Group.
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November 16, 2012 - Abu Dhabi SWF snaps up major office complex in Ghent
Outlet: PropertyEU - Online
The Abu Dhabi Investment Authority (ADIA) has acquired the Zuiderpoort office property in Ghent, Belgium, signalling a new direction in sovereign wealth funds' capacity to penetrate Europe's secondary investment locations.
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November 16, 2012 - Savills to sell Cork Airport Business Park site
Outlet: BusinessandLeadership.com
Property company Savills, behalf of Patrick Dillon of Grant Thornton, receiver over Linkbay Development, is selling a site in the Cork Airport Business Park.
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November 15, 2012 - Union Investment property managment of German portfolio
Outlet: PropertyEU - Online
Union Investment has entrusted the management of its existing German properties, comprising office and commercial premises and hotels, to EPM Assetis and Strabag Property and Facility Services.
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November 15, 2012 - Kennedy Wilson buys State Street's Irish headquarters
Outlet: Irish Times - Online, The
Bank of Ireland shareholder Kennedy Wilson has bought State Street’s Irish banking headquarters in the south Dublin docklands for about €108 million.
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November 15, 2012 - Panattoni Europe and Pramerica sell two Polish industrial assets
Outlet: MyNewsDesk
Panattoni Europe and Pramerica have sold Panattoni Park Ozarow and Panattoni Park Pruszkow to RREEF Real Estate.
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November 15, 2012 - Allianz Real Estate purchases Platinium Business Park for €173 million
Outlet: Europe Real Estate
Allianz Real Estate Germany has purchased Warsaw's Platinium Business Park, in Poland from Globe Trade Centre for a total of €173 million (US$222 million).
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November 15, 2012 - New class-A business center Rosso Riva to be built in Moscow
Outlet: Europe Real Estate
The international consulting companies Colliers International and Knight Frank have been appointed as co-exclusive leasing agents of the new class-A business center Rosso Riva located in 4/2 Shluzovaya Embankment in one of the developed business dist
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November 14, 2012 - Prologis sells 16 acres in Rugby Central Park
Outlet: South West Business Insider - Online
Prologis has sold 16 acres of land at its Rugby Central Park, located in United Kingdom, to Hamdon Gate Developments. The sales price was not disclosed. The site includes the three remaining development plots on the park.
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November 6, 2012 - Bank and Insurer launch infrastructure debt vehicle
Outlet: Press Release
French bank Natixis and the Belgian insurance company Ageas have struck an agreement to develop a e2 billion ($2.6 billion) infrastructure debt portfolio during the next two to three years.
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November 5, 2012 - West Coast Infrastructure Exchange launches
Outlet: Press Release (pr) Distribution Service By India Prwire
California, Oregon, Washington state and the Canadian province of British Columbia have formed the West Coast Infrastructure Exchange (WCX), a partnership whose goal is to make $1 trillion of infrastructure investments in the Pacific region during th
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October 31, 2012 - Quay Partners opens Boston office, makes new hires
Outlet: Press Release
Sydney-based investment and advisory firm Quay Partners has opened a Boston office and launched an infrastructure advisory team.
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October 31, 2012 - American Capital launches energy infrastructure fund
Outlet: Press Release (pr) Distribution Service By India Prwire
American Capital Infrastructure is part of American Capital’s asset management affiliate, American Capital, LLC, which has committed $200 million to support American Capital Infrastructure in investing in global energy infrastructure, including power
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October 15, 2012 - S&P: U.S. transportation infrastructure in need of long-term funding
Outlet: Infrastructure Views
Standard & Poor’s Ratings Services recently criticized the U.S. government’s long-term plan for overhauling U.S. transportation infrastructure in a report titled A Short-Term Approach to Funding Leaves U.S. Transportation Infrastructure Without a Sol
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October 5, 2012 - Bill Banks named Ernst & Young’s global infrastructure leader
Outlet: Press Release
Bill Banks, currently the leader of Ernst & Young’s infrastructure advisory group in the Asia Pacific region, has been appointed as the firm’s new global infrastructure leader.
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October 4, 2012 - CalSTRS makes California investments
Outlet: Press Release
The $152.5 billion California State Teachers’ Retirement System (CalSTRS) has expanded its infrastructure investment portfolio with a $42.8 million commitment to four California investments.
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October 2, 2012 - AllianzGI to broaden infrastructure offering
Outlet: Press Release
Allianz Global Investors recently announced the establishment of a renewable energies/infrastructure equity team to complement its recently announced infrastructure debt team.
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October 2, 2012 - Borealis acquires gas power plant
Outlet: Press Release
Borealis Infrastructure has agreed to acquire Midland Cogeneration Venture, the largest natural gas–fired, combined-cycle co-generation plant in the United States, from EQT Partners and Fortistar.
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October 1, 2012 - Paul Huebener joins DIF
Outlet: Press Release
Paul Huebener has joined Dutch infrastructure fund manager DIF to head a new Toronto office.