Institutional Real Estate Newsline
August 8, 2011: Vol. 19, Number 32Buy For $65.00 Add to Cart
American Century Investments Launches Global Real Estate Fund
American Century Investments has launched American Century Global Real Estate Fund, which will invest in U.S. and international real estate securities.
Canada Pension Plan Invests in U.S. Real Estate
The C$142.4 billion ($148.2 billion) Canada Pension Plan Investment Board (CPPIB) recently made a series of investments in U.S. real estate.
Carroll Organization Closes First Private Equity Fund
Carroll Organization, an Atlanta-based owner-operator of multifamily real estate, has held an initial closing of its first private equity fund, Carroll Co-Invest Fund I.
H&R REIT Acquires Two Gotham Center
Toronto-based H&R REIT has entered into an agreement to acquire Two Gotham Center, a 325-foot glass office tower located in Long Island City, N.Y., for $415.5 million.
Hines and NYSCRF Form $1 Billion Joint Venture
The $146.5 billion New York State Common Retirement Fund (NYSCRF) has formed a joint venture with Houston-based Hines to invest in more than $1 billion of office and medical office projects in the United States.
IBUS Launches European Retail Fund
The IBUS Co. has launched IBUS Winkelfonds, a new real estate fund aimed at high-quality retail investments in Germany, France, the Netherlands and the United Kingdom.
Intercontinental Real Estate Signs $215 Million Renovation Project
A joint venture between Ivy Equities and LCOR in a partnership with Intercontinental Real Estate Corp. has plans to renovate and upgrade a 770,000-square-foot office building in the Princeton Forrestal Center, located in Plainsboro, N.J., which will serve as the new U.S. headquarters for Danish healthcare company Novo Nordisk.
Mapletree Investments Purchases Mall in Hong Kong
Mapletree Investments Pte Ltd. has made its first commercial property acquisition in Hong Kong.
Rothschild Realty Fund Invests $200 Million in Westcore
Westcore Properties, a San Diego–based real estate investment and acquisitions firm, has received an investment of up to a $200 million from Five Arrows Realty Securities V, an investment fund managed by New York City–based Rothschild Realty Managers.
TRS Increases Allocations to Property Account Managers
The $37.3 billion Teachers’ Retirement System of the state of Illinois (TRS) has approved increases to two of its property account managers during fiscal year 2012.