Institutional Real Estate Newsline
July 12, 2013: Vol. 21 No. 28Buy For $65.00 Add to Cart
Recent commercial real estate transactions
The largest completed transactions included an apartment and office property in Manhattan.
SEC lifts ban on general solicitation
The Securities and Exchange Commission (SEC) voted 4 to 1 to lift an 80-year-old ban on advertisements of private offerings on July 10, 2013.
CPPIB forms 50-50 London office partnership
Canada Pension Plan Investment Board (CPPIB) has invested £173.9 million ($257.7 million) to acquired a 50 percent interest in a core-plus/value-add portfolio with joint venture partner The BT Pension Scheme.
Invesco raises $339 million for third fund
Invesco Real Estate has raised $339 million for its Invesco Real Estate Fund III.
Asia-focused fund exceeds $1 billion target in final close
Singapore-based Alpha Investment Partners Ltd. has confirmed its second Asia-focused fund has surpassed its $1 billion fundraising target in a recent final close.
Brookfield Canada to acquire Toronto office development
Brookfield Canada Office Properties has acquired the Bay Adelaide Centre East development in downtown Toronto from parent company Brookfield Office Properties.
Goodman and CPPIB commit $500 million China partnership
Goodman Group and Canada Pension Plan Investment Board (CPPIB) have increased their equity allocation to Goodman China Logistics Holding, with $400 million contributed by CPPIB and $100 million by Goodman.
Bridge Investment raises $482 million for opportunity fund
Bridge Investment Group Partners has held a $482 million close for its second opportunistic fund, Real Estate Opportunity Capital Fund II.
Chinese insurer buys London office building
Ping An Insurance Group, China’s second largest insurer, has agreed to purchase the Lloyds Building in London for approximately $388 million.
Mesa West Real Estate Income III raises $677 million for third fund
Los Angeles-based Mesa West Capital has raised $677 million for its closed-end value-added fund Mesa West Real Estate Income Fund III.
Berkshire raises an additional $43 million
Boston-based Berkshire Group has raised an additional $43 million for its value-added vehicle Berkshire Multifamily Value Plus Fund III.
CBRE Clarion Securities launches infrastructure fund
CBRE Clarion Securities has launched the CBRE Clarion Global Infrastructure Value Fund.
Metropolitan Real Estate closes three funds of funds
Metropolitan Real Estate Equity Management has held the final close for three of its value-added and opportunistic funds.
Canyon Catalyst forms partnership with Pacshore Partners
The Canyon Catalyst Fund, a partnership between the $258.6 billion California Public Employees’ Retirement System and Canyon Capital Realty Advisors, has entered into a joint venture with Los Angeles–based Pacshore Partners to invest $60 million to $100 million in Southern California office properties.
NYC hotel, industrial portfolio sells for $375 million
A venture that includes Kushner Cos. and RFR Holdings has agreed to pay $375 million for six hotel and industrial buildings in Brooklyn from the Jehovah’s Witnesses.