Institutional Real Estate Newsline
January 24, 2011: Vol. 19, Number 4Buy For $65.00 Add to Cart
AXA Real Estate Holds First Close for European Debt Fund
AXA Real Estate Investment Managers has completed the initial closing of Commercial Real Estate Senior 1, a pan-European debt fund, with €350 million ($471 million) of equity.
Banyan Tree Closes $214 Million Hospitality Fund
Banyan Tree Holdings has closed its first private equity fund focused on hotels in China, the Banyan Tree China Hospitality Fund, with total capital commitments of $214 million. The renminbi-denominated fund will invest in hotel projects in China that will be operated under the firm’s Banyan Tree and Angsana brands.
Cityline Partners and DLJ Real Estate Sell Seven-Building Portfolio
DiamondRock Buys Hotel Under Construction in Times Square
DiamondRock Hospitality Co. has entered an agreement to acquire a hotel property under development on West 42nd Street in Manhattan’s Times Square.
Equity One Buys Retail Properties with Vestar and Rockwood
HFF Arranges $205 Million Mortgage for Suburban Seattle Office Property
Principal Global Investors has secured $205 million in first mortgage financing for The Bravern Office Commons, a 749,694-square-foot, class A office property located in downtown Bellevue, Wash.
Maryland Retirement System Sells Retail Center
The $31.9 billion State Retirement & Pension System of Maryland has sold the Festival at Riva shopping center in Annapolis, Md., to American Realty Advisors, a real estate investment adviser, for approximately $102.5 million.
UBS Raises Additional Equity for European Core Open-end Fund
UBS Global Asset Management has raised new equity of €75 million ($101 million) for UBS (Lux) Real Estate – Euro Core Fund – Euro Zone. The core, open-end fund invests in commercial real estate in the euro zone.