Institutional Real Estate Newsline
August 18, 2008; Vol. 15, No. 31Buy For $65.00 Add to Cart
Bentleyforbes Announces a Five-Year Portfolio Expansion Plan
BentleyForbes announced a five-year plan to expand its portfolio of properties to $12 billion by 2014.
- Costar Offers to Acquire Reis Inc.
GIC Invests in Mexican Retail Developer
GIC Real Estate, the property investment arm of the Government of Singapore Investment Corp., has acquired a minority stake in Mexico Retail Properties (MRP), a developer and operator of retail centers in Mexico. Terms of the transaction were not disclosed.
PBGC Launches Search for Strategic Partners to Invest in Real Estate
The Pension Benefit Guaranty Corp. (PBGC), which guarantees payment of basic pension benefits by private-sector defined benefit plans, has launched a search for strategic partners to invest $2 billion to $2.5 billion in real estate and private equity.
- PREI, L&L to Buy Office Assets in New York City
Three Affiliates of Colliers International Consolidate into a Single Holding Company
Three affiliates of Colliers International have agreed to consolidate their ownership structures into a single holding company.
TIAA-CREF Asset Management Opens New London Office
TIAA-CREF Asset Management has opened a new office in London to focus on European real estate investment, with the goal of increasing access to new value-added and long-term investment opportunities in the United Kingdom and continental Europe.
Union Investment Buys Retail Asset in Tokyo
Union Investment Real Estate AG, which is based in Hamburg, Germany, has purchased a retail property in Tokyo’s Harajuku district for approximately $135 million on behalf of its UniImmo: Global fund.
- Vornado Forms JV to Invest in Indian Retail
WLJ Launches Debt Fund
WLJ Partners has formed a fund to acquire distressed whole loans backed by commercial real estate.