Institutional Real Estate Newsline
July 7, 2008: Vol. 15, No. 25Buy For $65.00 Add to Cart
Broadway Sells Houston Office Tower for $131 Million
Broadway Partners has completed the sale of Houston’s One City Centre to Behringer Harvard REIT I for $131 million.
Carlyle, Extell and RREEF Secure $613 Million Loan for Residential Development
The Carlyle Group, Extell Development Co. and RREEF have secured a $613 million construction loan for the development of two luxury residential buildings at Riverside South on Manhattan’s Upper West Side.
Commercial Property Market Downturn Persists in 2Q/08
The U.S. commercial real estate market’s downturn continued in second quarter 2008, hurt by a weak economy, disruption in the credit markets, tepid tenant demand and a wide pricing gap, reports PricewaterhouseCoopers’ second quarter 2008 Korpacz Real Estate Investor Survey.
ING Launches Healthcare Property Fund
ING Real Estate has launched a semi-open-end fund targeting €400 million ($628 million) in equity to invest in a portfolio of European healthcare assets.
Global Property Returns 11.5 Percent in 2007
IPD, the Investment Property Databank, has released the first index to track global real estate returns.
National Commercial Property Prices Flat in March
Although commercial real estate prices were up 5.1 percent for the 12 months to March, prices have been down in recent months, according to Standard & Poor’s March results for the S&P/GRA Commercial Real Estate Indices.
- Pension Funds Increase Investment in Alternative Assets
PREA Establishes Permanent Endowment Funds for Former Board Members
PREA has established permanent endowment funds for Frank Blaschka and Charles Grossman, former PREA board members who past away last year.
Shorenstein Properties Buys Mezzanine Loans
Shorenstein Properties has acquired mezzanine loans backed by properties in New York City and the San Francisco Bay Area.