Institutional Real Estate Newsline
January 23, 2015: Vol. 23 No. 4Buy For $65.00 Add to Cart
Recent commercial real estate transactions
The largest transactions were an office property in New York City and an apartment building in Chicago.
Lone Star launches $5b real estate fund
Lone Star Funds is marketing a fourth real estate fund.
Chinese insurance company buys London office for £327m
Deutsche Asset & Wealth Management's real estate investment business has sold a London office for approximately £327 million.
Hong Kong offices are most expensive in the world
Office space in Hong Kong is more than twice as expensive as prime commercial property in any other global city.
Northern Horizon launches niche real estate fund
Northern Horizon Capital has launched a $300 million niche core-plus real estate fund.
U.S. Realty Advisors launches second net-lease fund
U.S. Realty Advisors, a New York City-based investment firm that focuses on net-lease investments, has launched its second commingled fund.
Pennybacker Capital has $322m final close on third fund
Austin-based Pennybacker Capital exceeds $300 million fundraising goal for its third fund.
Seattle-area office tower sells for $320m
A two-building office in Bellevue, Wash., is under contract to sell for $320 million.
Florida pension makes first noncore real estate commitment
The $789 million Fort Lauderdale Police & Fire Retirement System has committed $20 million an open-end value-add fund.
Heitman buys two properties for $435m
In two separate deals, Heitman has purchased a retail center and an apartment complex in the United States.
Madison launches sixth fund with $950m target
Madison International Realty has a fund in the market, seeking to raise approximately $950 million.
Massachusetts pension fund looks to make first infrastructure investment
Massachusetts pension fund has issued an RFP for a core, open-end infrastructure fund.
German firm sells headquarters to Israel-based investors
The headquarters of German insurance company Gothaer Versicherung has been sold for approximately €250 million ($302 million) in a sale-leaseback transaction.
Deutsche AWM closes €500m senior loan fund
Deutsche Asset & Wealth Management announced that Deutsche Alternative Asset Management Ltd. has raised a discretionary fund of €500 million ($579.9 million).
Blackstone buys 36 apartments in $1.7b deal
The Blackstone Group has agreed to buy 36 apartment properties across the country for about $1.7 billion.