Institutional Real Estate Newsline
April 26, 2013: Vol. 21 No. 17Buy For $65.00 Add to Cart
PREI holds €560 million close for its third fund
Pramerica Real Estate Investors (PREI) has closed the third of its Pramerica Real Estate Capital vehicles, with €520 million ($680 million) in equity commitments.
NYSTRS invests $164.6 million in real estate
The $88.1 billion New York State Teachers' Retirement System (NYSTRS) has invested $164.6 million in real estate funds since the year began.
Blackstone raises $1.35 billion for second debt fund
The Blackstone Group has raised $1.35 billion for its latest real estate debt strategy fund, Blackstone Real Estate Debt Strategies II.
Texas Permanent School Fund issues real estate consultant RFP
The $26.9 billion Texas Permanent School Fund (TPSF) has issued an RFP for real estate investment consulting services.
Henderson launches $200 million U.S. student housing fund
Henderson Global Investors has launched Henderson Student Housing Fund, a $200 million U.S.-focused student housing fund.
Dexus buys Australian 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 in Brisbane, Australia, from Grocon at an estimated cost of $543.9 million on completion.
Samsung SRA acquires London office property
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.
Velocis Partners closes core-plus fund with $135 million
Dallas-based Velocis Partners has announced a $135 million final close of its first real estate fund, Velocis Fund I.
AXA infrastructure fund invests in wind power
AXA Private Equity has completed its fifth investment for its Infrastructure Fund III through the acquisition of two Enercon-powered wind farms from HgCapital.
Madison raises $227 million for debt fund
Madison Realty Capital has raised $227 million for its Sullivan Debt Fund, according to a filing with the Securities and Exchange Commission.
Catalyst launches €600 million European real estate fund
Catalyst Capital has launched Catalyst European Property Fund II, a €600 million ($780 million) vehicle to invest in office and retail properties.
Signature partners with Chinese investment firm for Bay Area development
Signature Development Group has partnered with Zarsion Holdings Group, a Chinese investment firm, to build a $1.5 billion development in Oakland, Calif.
Hines Global REIT to buy Los Angeles office complex
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.
Blackstone buys Hawaiian resort for $450 million
The Blackstone Group has acquired the leasehold on the Hyatt Regency Waikiki Beach Resort and Spa in Honolulu for $450 million from a joint venture between Goldman Sachs’ Whitehall Street funds and Hyatt Hotels.
Corestate expands to Asia with new office in Singapore
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.