Institutional Real Estate Newsline
April 7, 2008: Vol. 15, No. 13Buy For $65.00 Add to Cart
New Hampshire Seeks Alternatives Consultant
The $6.0 billion New Hampshire Retirement System (NHRS) is searching for alternative investment consulting services.
San Francisco Commits $25 Million to Real Estate, Transfers Portfolio
The $16.9 billion City and County of San Francisco Employees’ Retirement System (SFERS) has committed up to $25 million to Fidelity Real Estate Opportunistic Income Fund, an open-end fund sponsored by Fidelity Investments.
SBCERA Commits $50 Million to Opportunity Funds
The $5.7 billion San Bernardino County (Calif.) Employees’ Retirement Association has invested a total of $50 million with two opportunistic funds.
Unemployment Rises and Nonfarm Payroll Employment Declines
The unemployment rate rose from 4.8 percent to 5.1 percent in March, and nonfarm payroll employment declined by 80,000 jobs, according to the Bureau of Labor and Statistics of the U.S. Department of Labor.
USAA Real Estate To Develop Mixed-Use Project in San Antonio
USAA Real Estate Co. plans to develop The Town Center at La Cantera, a mixed-use development on approximately 178 acres bounded by The Shops at La Cantera in San Antonio.
- Vornado, Morgan Stanley Real Estate Sell Interests in AmeriCold Realty Trust
Negative Economic Factors Challenge Commercial Real Estate Fundamentals
Real estate investors will face challenging situations in the year ahead, reports PricewaterhouseCoopers’ first quarter 2008 Korpacz Real Estate Investor Survey, as a housing downturn and credit crunch affect the commercial real estate market.