Institutional Real Estate Newsline
January 9, 2012: Vol. 20, No. 2Buy For $65.00 Add to Cart
Carter Validus Purchases Data Center for $94.75 Million
Carter Validus Mission Critical REIT (CV REIT) has bought a multi-tenant, wholesale data center located in Atlanta for $94.75 million.
Clarion Creates Venture to Invest in Brazil
Clarion Partners and an unnamed partner have invested $100 million to acquire 78 acres of land in a northwestern suburb of São Paulo, Brazil.
Ruben Cos. Sells One Exeter Plaza
Ruben Cos. has sold One Exeter Plaza, a 211,351-square-foot, class A office building in Boston.
New Mexico Plan Sets 2012 Real Estate Targets
The $13.6 billion New Mexico State Investment Council (NMSIC) plans to commit up to $250 million to domestic tactical funds and $275 million to domestic strategic investments this year.
Morgan Stanley Acquires Australian Funds Management Business
Morgan Stanley Real Estate Investing (MSREI) has acquired Melbourne, Australia–based Orchard Capital Investments, a funds management business.
LaSalle Hotel Acquires Park Central Hotel
LaSalle Hotel Properties (NYSE: LHO) has purchased The Park Central Hotel in New York City for $396.2 million from Highgate Holdings.
Infrastructure Funds Raise $16 Billion in 2011
In 2011 38 infrastructure funds held a final close, raising a combined $16 billion, according to data from Preqin.