Institutional Real Estate Newsline
August 15, 2011: Vol. 19, Number 33
Chicago Laborers Seeks Real Estate Investment Management Services
The $1.4 billion Laborers’ & Retirement Board Employees’ Annuity & Benefit Fund of Chicago has issued an RFP for core, value-added and opportunistic real estate managers.
CPPIB and MEPT to Invest in Seattle Apartment Development
Bentall Kennedy, on behalf of the C$153.2 billion ($154.8 billion) Canada Pension Plan Investment Board (CPPIB) and an entity affiliated with the Multi-Employer Property Trust (MEPT), has invested $200 million in a 654-unit apartment project in Seattle’s Belltown neighborhood.
Jones Lang LaSalle Acquires Indonesian Real Estate Company
Jones Lang LaSalle has acquired Procon, a firm dominant in the Indonesian real estate market.
New Jersey Searches for Real Estate Consultants
The $74.7 billion New Jersey Division Investment has issued an RFP for two real estate consulting firms.