Institutional Real Estate Newsline
August 2, 2013: Vol. 21 No. 31Buy For $65.00 Add to Cart
Recent commercial real estate acquisitions
The largest completed transactions included properties in Connecticut and Virginia.
Square Mile hires new vice president
Melissa Green Pearson has joined Square Mile Capital Management as vice president of investor relations and business development.
Chicago Park Employees enters infrastructure
The $420 million Chicago Park Employees' Annuity & Benefit Fund has committed $20 million to infrastructure.
Eric Adler named CEO of PREI
Prudential Real Estate Investors (PREI) has named Eric Adler CEO, succeeding Allen Smith, who left the firm to become president and CEO of Four Seasons Hotels and Resorts
Liberty Property acquires operating partnership of Cabot fund
Liberty Property Trust has agreed to acquire the operating partnership of Cabot Industrial Value Fund III, managed by Cabot Properties, for a purchase price of $1.475 billion.
CBRE Global Investors names managing director
Alison Hawkins has joined CBRE Global Investors as a managing director in investor services.
NYSTRS makes $100 million follow-on real estate investments
The $95.1 billion New York State Teachers' Retirement System (NYSTRS) has approved new investments in real estate totaling $100 million at its July 24 meeting.
Hudson's Bay buys Saks' flagship store for $1 billion
Hudson’s Bay Co. has purchased Saks’ flagship store in Manhattan as part of its $2.9 billion purchase of the luxury retailer. The 650,000-square-foot store at 611 Fifth Ave. is expected to sell for more than $1 billion.
Blackstone buys seven Australian properties for A$300 million
GE Capital Real Estate has sold seven properties in Australia to The Blackstone Group for A$300 million ($272 million).
Calloway REIT buys four Canadian shopping centers
Calloway Real Estate Investment Trust has paid C$231.5 million ($224 million) to acquire four Ontario shopping centers anchored by Walmart stores.
Cousins Properties buys office portfolio for $1.1 billion
Cousins Properties has reached a deal to buy a portfolio of 11 office buildings for $1.1 billion in cash, a move that expands REIT's operations in Texas.
CPPIB to acquire interest in Brazilian real estate company
The Canada Pension Plan Investment Board (CPPIB) has agreed to acquire a 27.6 percent interest in Rio de Janeiro, Brazil–based Aliansce Shopping Centers S.A. from General Growth Properties for an equity amount of $480 million.
Ivanhoe Cambridge buys Quebec shopping center
Ivanhoé Cambridge acquired a 50 percent interest in the Carrefour de l’Estrie in Sherbrooke, Quebec. The seller is the Canada Pension Plan Investment Board, which will continue to own 50 percent of the shopping center.
Canyon Catalyst Fund and Pacshore make first transaction
The Canyon Catalyst Fund, a $200 million joint venture between the $258.6 billion California Public Employees' Retirement System and Canyon Capital Realty Advisors, and Pacshore Partners have acquired a two-story office building totaling more than 118,000 square feet in Los Angeles’ Playa Vista neighborhood.
Chinese developer buys L.A. site from CalSTRS
Shanghai's Greenland Holdings Group has acquired a site in downtown Los Angeles from the $155 billion California State Teachers’ Retirement System (CalSTRS) to build a $1 billion project that will include hotel, office and residential space.