Institutional Real Estate Newsline
July 10, 2015: Vol. 23, Number 28Buy For $65.00 Add to Cart
Recent commercial real estate transactions
The largest transaction was an apartment complex in Arlington, Va.
Two London offices sell for £430m
In separate deals, two offices in City of London sell for £430 million ($662.3 million).
CBRE study points to upswing in Midwest secondary markets
Midwest secondary markets are experiencing a swell of mixed-use urban development projects.
Texas Teachers commits $450m to real estate
The Teacher Retirement System of Texas has committed $450 million to three real estate funds.
Skanska invests $281m in new office building in Boston
Skanska has plans to invest $281 million for a new office building in Boston.
KKR closes $3.1b global infrastructure fund
KKR has announced the final closing of KKR Global Infrastructure Investors II, raising $3.1 billion in equity commitments.
German properties sell for more than $1b
In separate deals, 52 German properties were sold totaling more than $1.06 billion in sales price.
Pramerica Real Estate Investors raises €480m for first close
Pramerica Real Estate Investors announced it has raised €480 million ($525 million) for its first close.
Ivanhoé Cambridge buys two offices for $225m
Ivanhoé Cambridge and its partner, Callahan Capital Properties, has acquired two office properties for more than $225 million.
Kuafu to pay $260m for 151 apartment units in Manhattan
Chinese investor Kuafu Properties has plans to acquire 13 floors of apartment units, for $260 million from Related Cos.
LaSalle buys another London office
LaSalle Investment Management is in contract to buy a 6.39-acre freehold island site.
Shore Capital holds final close for German real estate fund
Shore Capital Group has held a final close for Brandenburg Realty Limited.
Facebook to build $500m data center in Texas
Facebook will be building its next data center in Forth Worth, Texas, marking its fifth data center.
Hong Kong Lands Department sells development site for $493m
The Hong Kong Lands Department has sold a development site in Hong Kong for $493 million to Alliance Grace.
Ascott REIT enters U.S. real estate market
Singapore-based Ascott Residence Trust has acquired a 411-room hotel in Midtown Manhattan.