Institutional Real Estate Newsline
February 1, 2013: Volume 21, Number 5Buy For $65.00 Add to Cart
LaSalle raises $283.3 million for value-added fund
LaSalle Income & Growth Fund VI, managed by LaSalle Investment Management, has raised approximately $283.3 million, according to a filing with the Securities and Exchange Commission.
Northwood raises more than $500 million in third close
New York City-based Northwood Investors has raised approximately $551.7 million for its opportunistic real estate fund, Northwood Real Estate Partners, in a third closing.
Berkshire Multifamily Value Fund III holds first close
Boston-based Berkshire Group has raised $168.5 million in a first close for Berkshire Multifamily Value Fund III.
BWC makes first value-added real estate investment
The $21 billion Ohio Bureau of Workers’ Compensation (BWC) has made a $50 million commitment to KTR Industrial Fund III.
Paladin Realty launches second Colombian venture
Paladin Realty Partners has launched PALVAL Homebuilding Platform, a Bogota, Colombia-based joint venture.
Zisler Capital merges with Encore Enterprises
Zisler Capital Associates, a Denver-based consulting firm, has merged with Encore Enterprises, a Dallas-based real estate investment management firm.
PSERS makes first commitment to Paramount Group
The $51 billion Pennsylvania Public School Employees’ Retirement System (PSERS) has approved a $100 million commitment to Paramount Group Real Estate Fund VII, a value-added fund managed by Paramount Group.
Hawaii Employees commits to Mesa West fund
The $12 billion Hawaii Employees Retirement System has made an investment in a Mesa West real estate debt fund.
TPG and Ivanhoe Cambridge complete London buy
Ivanhoé Cambridge and TPG have acquired Woolgate Exchange, a high-quality office building in London’s business district, for $420 million.
Investor confidence in hotel sector increases
Despite the uncertainties of the global economy in 2012, investors have more confidence in the hotel sector this year, according to a survey in the Ernst & Young 2013 Global Hospitality Report.
Manor Properties and Lend Lease invest £240 in U.K. student housing
Australia-based Lend Lease has signed an exclusive delivery agreement with U.K.-based developer Manor Properties to design and construct up to 40,000 student accommodation units.
Quebec's Caisse increases real estate and infrastructure allocations
The Caisse de dépôt et placement du Québec will increase investments in assets such as real estate, infrastructure and private equity to reduce volatility in its returns.
Cole Real Estate hires David Lynn
David Lynn has joined Cole Real Estate Investments as executive vice president and chief investment strategist. Lynn will lead Cole’s investment strategy and research group and underwriting team.
URDANG names P.J. Yeatman to head of private real estate
URDANG has named P.J. Yeatman to the new position of head of private real estate, with responsibility for setting strategy and leading the future growth of the private real estate business.
Cole Credit Property pays $205 million for Silicon Valley retail center
Phoenix-based Cole Credit Property Trust IV has acquired a 650,500-square-foot retail power center in San Jose for $205 million.