Institutional Real Estate Newsline
February 6, 2015: Vol. 23, Number 6Buy For $65.00 Add to Cart
Recent commercial real estate transactions
The largest transactions were a hotel in Laguna Beach, Calif., and an office property in New York City.
Westfield portfolio sells for $925m
Three U.S. Westfield malls totaling $925 million in property value have a new owner.
Tristan to buy German assets for €450m
Funds advised by pan‐European real estate investment manager Tristan Capital Partners have agreed to make five investments in Germany that will complete in the first quarter of 2015.
Texas C&D commits $40m to opportunistic real estate
The $24.4 billion Texas County & District Retirement System has committed $40 million to an opportunistic fund.
Orange County commits $175m to energy
Following an RFP issued last month, the Orange County Employees Retirement System has committed $175 million to energy.
Rockspring holds £342m final close
Rockspring Property Investment Managers has announced the final close of its U.K. Value 2 fund.
LACERS commits $35m to core real estate, hires REIT manager
The $14.1 billion Los Angeles City Employees' Retirement System has committed to a core real estate fund and hired a REIT manager.
Police and fire pension fund commits $30m to real estate
A city fire and police pension fund has committed $30 million to real estate, divided evenly between three funds.
Blackstone to buy German warehouses for $225m
The Blackstone Group has purchased warehouses in Germany valued at €200 million ($225 million).
Kennedy Wilson completes £503m U.K. acquisition
Kennedy Wilson Europe Real Estate has completed its acquisition of a £503 million ($763.1 million) portfolio of 180 mixed-used properties located across the United Kingdom.
CPPIB to invest A$525m in Australian infrastructure
Canada Pension Plan Investment Board will invest A$525 million ($407.31 million) in the Australian infrastructure sector.
U.S. firm closes $1.4b deal in Norway
U.S. firm Starwood Capital has completed the largest deal in Scandinavia with a value of NKr 11 billion ($1.4 billion).
BlackRock sells Singapore office
BlackRock has sold a Singapore office tower for $882.74 million.
Philadelphia company seeks to raise $1b to invest in creative office space
Philadelphia-based real estate company Resource America has filed a shelf registration to form a REIT that will focus on investing in creative office space.
Australian REITs to merge in $22b deal
Federation Centres and Novion Property Group have announced a merger to create one of Australia’s larger REIT.