Institutional Real Estate Newsline
August 23, 2013: Vol. 21 No. 34Buy For $65.00 Add to Cart
Recent commercial real estate acquisitions
The largest completed transactions included an office property in Chicago and an apartment property in Arizona.
Blackstone launches fourth European fund
The Blackstone Group has raised approximately $1.34 billion for Blackstone Real Estate Partners Europe IV.
SFERS approves first-time investment with Gaw Capital
The $15.6 billion San Francisco Employees' Retirement System (SFERS) has approved a commitment of up to $52 million to Gateway Real Estate Fund IV, managed by Gaw Capital.
Illinois TRS plans to invest $600 million in real estate
The $39.6 billion Teachers' Retirement System of the State of Illinois (TRS) has increased its real estate investments for the 2013
Mack Real Estate Group launches to invest in real estate
The Mack family has officially launched Mack Real Estate Group as its new family enterprise for investments in real estate.
Equity International forms Asian logistics partnership
Equity International and The Redwood Group have formed a strategic partnership to expand Redwood’s warehouse and distribution property platform in Asia.
J.P. Morgan property fund manager retires
Anne Pfeiffer, senior portfolio manager for JPMCB Strategic Property Fund, an open-end core managed by J.P. Morgan Asset Management Global Real Assets, plans to retire this October.
Westfield pension fund announces search
The $165 million Westfield (Mass.) Contributory Retirement System has announced a search for a real estate investment manager to handle $3 million to $5 million.
SouthStar, Highwoods to develop Colorado mixed-use project
A partnership between SouthStar Development Co. and Highwoods Properties plans to develop a $700 million mixed-use office park and shopping center in Cool Springs, Colo.
Brookfield closes $1 billion global timberland fund
Brookfield Asset Management has held the final close of Brookfield Timberlands Fund V with equity commitments totaling $1 billion, creating a global fund that will invest in timberland, primarily in the United States, Brazil and Australia.
Deutsche Wohnen offers $2.3 billion offer for property rival
German property firm Deutsche Wohnen has offered to buy rival GSW Immobilien AG for €1.75 billion ($2.3 billion) to expand in Berlin’s booming real estate market.
PREI hires new core managing director and portfolio manager
Prudential Real Estate Investors has named Frank Garcia a managing director and portfolio manager for its core open-end equity commingled real estate strategy.
Hungerford Properties holds $120 million final close
Hungerford Properties, based in Vancouver, British Columbia, has a held a final close for HPWC Opportunities Fund, reaching its $120 million fundraising goal.
JP Morgan places skyscraper on the market
JP Morgan is selling 1 Chase Manhattan Plaza, a 60-floor skyscraper and the 15th tallest building in New York City. The price tag is estimated to be more than $1 billion.
DivcoWest in talks to buy San Francisco tower
DivcoWest, on behalf of DivcoWest Fund III, an $870 million investment fund, is in contract to pay about $275 million for 333 Bush St. in San Francisco.