Institutional Real Estate Newsline
June 20, 2011: Vol. 19, Number 25Buy For $65.00 Add to Cart
Kennedy Wilson Increases Assets Under Management to $9.8 Billion
Kennedy Wilson has acquired a real estate portfolio comprised of five office buildings, all located in the Los Angeles area, for $143.5 million.
Lowe Enterprises, Allstate, Guardian Life Enter Hotel Investment Venture
Lowe Enterprises Investors, Allstate Investments and The Guardian Life Insurance Co. of America have formed an investment venture to acquire full-service hotels in major metropolitan markets throughout the United States.
New York Remains Most Expensive Retail Location
New York City remains the world’s most expensive retail destination, according to CB Richard Ellis’s Global Retail MarketView.
NM State Investment Council Issues Real Estate Consultant RFP
The $14.6 billion New Mexico State Investment Council has issued an RFP for a real estate consultant.
PSERS Approves $500 Million to Blackstone and Carlyle
The $51.2 billion Pennsylvania Public School Employees’ Retirement System (PSERS) has committed $500 million to The Blackstone Group and The Carlyle Group.
Tristan Capital Holds Quick First Close on CCP III Fund
Tristan Capital Partners has moved quickly to a first close on capital raising for its new Curzon Capital Partners III (CCP III), within three months of fund launch, and plans to commit to several investment transactions.