Institutional Real Estate Newsline
July 24, 2015: Vol. 23, Number 30Buy For $65.00 Add to Cart
Texas school fund commits to European property fund
The $37.7 billion Texas Permanent School Fund has committed €50 million ($54.5 million) to Tristan Capital Partners’ European Property Investors Special Opportunities IV fund.
Robert Weaver leaves TPG Real Estate
TPG Real Estate partner Robert Weaver will be leaving the company.
Energy fund holds final close
Ridgewood Energy has held a final close for Ridgewood Energy Oil & Gas Fund III.
Mesa West launches real estate debt fund
Mesa West Capital has launched Mesa West Real Estate Income Fund IV, a closed-end, value-added fund that will invest in real estate debt.
KKR infrastructure fund invests in solar
KKR, on behalf of KKR Global Infrastructure Investors II, has acquired an 80 percent stake in Gestamp Asetym Solar, a Spain-based solar power firm, from Gestamp Renewables.
Blackstone has strong second quarter
Blackstone has raised $1.9 billion for real estate investment in second quarter 2015 and $18.3 billion year-to-date.
European real estate market sees increasing transaction activity in 2015
Commercial real estate transaction momentum from the first quarter has continued as European sales volume approaches 2007 levels.
SL Green acquires mixed-use property in Manhattan
SL Green has acquired the SoHo Building in New York City for approximately $255 million from Goldman Properties.
King Street Properties acquires Boston pharmaceuticals building
King Street Properties and The Carlyle Group have purchased the headquarters of Praecis Pharmaceuticals in Waltham, Mass., for $104.2 million from Intercontinental Real Estate Corp.
601W Cos. acquires Chicago office building
601W Cos. is under contract to purchase the Aon Center in Chicago for approximately $712 million from Piedmont Office Realty Trust.
CBRE Global Investors fund acquires Southern California hotel
CBRE Global Investors, on behalf of CBRE Strategic Partners U.S. Value 7, has acquired the Irvine Marriott Hotel.
U.K. retail property changes hands for £200m
Frogmore Estates and Ares Management have acquired a retail property in the United Kingdom from Land Securities for approximately £200 million ($313.9 million).
Cornerstone acquires Manhattan office property
Cornerstone Real Estate Advisers have acquired 100 Wall Street in New York City for approximately $275 million from Savanna.
Blackstone ramps up Nordic real estate presence
The Blackstone Group has agreed to purchase 10 portfolios managed by Obligo Investment Management AS.
GLP launches $7b China warehouse fund
Global Logistic Properties is launching a $7 billion China-based logistics fund.