Institutional Real Estate Newsline
July 19, 2013: Vol. 21 No. 29Buy For $65.00 Add to Cart
Recent commercial real estate acquisitions
The largest completed transactions included an office property in Manhattan.
Pennsylvania SERS approves $30 million investment
The board of the $25.7 billion Pennsylvania State Employees' Retirement System (SERS) has approved a $30 million commitment to Hawkeye Scout Fund II.
Ram Realty Partners III holds final close
Florida-based Ram Real Estate has held a $150 million final close for its Ram Realty Partners III.
Texas Teachers invests $550 million in real estate and infrastructure
The $116.1 billion Texas Teacher Retirement System (TRS) has committed a combined $550 million into two real estate funds and one infrastructure fund.
Franklin Street buys Denver office for $213 million
Franklin Street Properties has agreed to purchase a downtown Denver office building for $217 million — a deal that, if closed, would rank as the city’s largest commercial purchase in 2013.
Massachusetts pension plan searches for real estate manager
The $655 million Norfolk County (Mass.) Retirement System (NCRS) has issued an RFP for a new private equity real estate manager.
The Rockefeller Group raises $250 million property fund
The Rockefeller Group has held a close for its Rockefeller Group U.S. Premier Office Fund LP.
Hines REIT sells three buildings in Southern California
Hines Real Estate Investment Trust has sold three office buildings, one in Los Angeles and two in El Segundo, Calif., for a total price of $550 million.
Macquarie Mexican REIT acquires six-property portfolio
Macquarie Mexican REIT has reached agreement with Grupo Inmobiliario Carr and its partners to acquire a portfolio of six retail, mixed-use and office properties for MXN 2.8 billion ($220 million).
Harrison Street exceeds fundraising goal for opportunistic fund
Harrison Street Real Estate Capital has closed its fourth opportunistic fund, Harrison Street Real Estate Partners IV, raising $750 million in equity capital, in excess of its original target of $600 million.
Long Wharf raises $165.9 million for fourth fund
Long Wharf Real Estate Partners has raised $165.9 million for its Long Wharf Real Estate Partners IV.
Mack-Cali agrees to sell suburban portfolio for $233 million
Mack-Cali Realty Corp. has agreed to form various joint ventures with a fund sponsored by Keystone Property Group to facilitate the sale of Mack-Cali's 15 commercial office properties and three land parcels in suburban Philadelphia.
Wells Fargo acquires Commerzbank commercial real estate portfolio
Wells Fargo & Co. has agreed to acquire Commerzbank’s Hypothekenbank Frankfurt (formerly Eurohypo) U.K. commercial real estate portfolio.
Canyon Catalyst forms JV with Sack Properties
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 San Francisco–based Sack Properties.
Scion and Virtus acquire $118 million portfolio
In a joint venture, affiliates of The Scion Group and Virtus Real Estate Capital have acquired a portfolio of three properties totaling 2,360 beds in 628 apartment units.