Institutional Real Estate Newsline
February 15, 2013: Vol. 21 No. 7Buy For $65.00 Add to Cart
CalSTRS rehires Townsend Group as real estate consultant
The $157.8 billion California State Teachers' Retirement System (CalSTRS) has rehired The Townsend Group as its real estate consultant.
Gigantic Blackstone fund boosts 2012 fundraising total
Fundraising activity surged in fourth quarter 2012 to $24.2 billion, the highest mark since third quarter 2008, when investment managers raised more than $36 billion of equity capital.
APFC seeks real estate investment analyst
The $44.8 billion Alaska Permanent Fund Corp. (APFC) is searching for a real estate investment analyst.
OCERS transfers global REIT portfolio from LaSalle to BlackRock
The $7 billion Orange County Employees Retirement System (OCERS) has approved to reallocate its $104.3 million global real estate investment trust portfolio from the LaSalle Global REIT Program.
Blackstone spends €240 million to enter Polish logistics market
LogiCor, The Blackstone Group's newly created logistics platform, has made its first foray into Poland with the acquisition of two portfolios totaling 4.3 square feet.
Charles River holds final close for Boston-focused property fund
Charles River Realty Investors has held a $250 million final close for its second fund.
Bristal Holdings completes $318 million sale of five NYC properties
Bristal Holdings, a company jointly owned by Chartwell Retirement Residences and Ingenia Communities Group, has sold a portfolio of five senior living communities comprising 768 assisted living suites in New York state.
NBC pays $1.4 billion to own NYC properties
NBCUniversal will purchase the properties it uses at 30 Rockefeller Plaza in New York City and CNBC's headquarters in Englewood Cliffs, N.J., for about $1.4 billion.
Alan Van Noord, PSERS CIO, to retire
The $49 billion Pennsylvania Public School Employees’ Retirement System (PSERS) has announced the retirement of CIO Alan Van Noord. Van Noord has led PSERS’ investment operations since July 2002.
Brookfield appoints Niel Thassim as head of Asia private funds
Niel Thassim has joined Brookfield Asset Management as head of Asia for the private funds group, based in Hong Kong.
Brookfield pays $414 million for apartment portfolio
Brookfield Asset Management has acquired a portfolio of 19 apartment communities with 4,892 units located in North Carolina, South Carolina and Virginia for $414 million from Babcock & Brown Residential.
TIAA-CREF and NBIM form $1.2 billion U.S. real estate JV
TIAA-CREF has formed a $1.2 billion joint venture with Norges Bank Investment Management (NBIM), manager of the Norwegian Government Pension Fund Global, to invest in high-quality office properties in Boston, New York City and Washington, D.C.
Walton Street to buy Manhattan tower for $800 million
Lehman Brothers Holdings has plans to sell 237 Park Ave., a 21-story office tower near New York City’s Grand Central Terminal, to a joint venture between Walton Street Capital and RXR Realty.
KKR invests $150 million in Sentio Healthcare Properties
Private equity firm Kohlberg Kravis Roberts & Co. (KKR) has agreed to provide $150 million of convertible preferred equity to Sentio Healthcare Properties.
Equus Capital Partners acquires office and lab facility in Maryland
Equus Capital Partners has acquired a four-building, 283,000-square-foot office and lab portfolio in Gaithersburg, Md., for $41 million.